Archive for the ‘Fiscal Policy’ Category

Fed Fight!

October 13th, 2015

The Twitter-verse is abuzz with pretty overtly dissenting opinions coming out of the Federal Reserve right now. Chair Yellen and Vice-Chair Stan Fischer have leaned pretty hard into the view that rates should go up before the end of the year, while in the last couple of days, Fed governors Lael Brainard and Dan Tarullo… Read more

A quick reflection on the current upheaval in DC politics: what are its larger costs?

October 9th, 2015

The House speakership debate is like the implosion of a dysfunction neutrino. It’s like a Russian stacking doll with ever deeper levels of dysfunction. It’s House Republicans basically showing the world that they can’t even figure out exactly how they’re going to remain dysfunctional. They’ll figure it out, but it’s going to be messy. They’re… Read more

It takes both (monetary and fiscal policy)…and the drug market ain’t no market

September 23rd, 2015

One reason it’s been so hard to shift this economy out of second gear–why we’re still stuck with large output and employment gaps–is that there’s actually a cost to dysfunctional federal politics. The Fed’s holding up their side of the bargain, but it takes both monetary and fiscal policy. Over at WaPo. The recent dust-up… Read more

OTE welcomes Pope Francis to DC and points out that “pope” spelled backwards is…

September 21st, 2015

…EPOP, or the employment-to-population ratio. More on that interesting connection in a moment. As I’ve written before, this Pontiff has been a stalwart for economic and environmental justice, speaking out specifically against austerity, and calling upon governments to “relaunch the labor market.” Well, I figure that since he gets a lot of this from my… Read more

Bumpier deficits, smoother ride

August 18th, 2015

I just love these graphs! (Can you say that about graphs you made?? We–RK and I–were only able to make them because my formidable co-author Richard Kogan dug up data on deficits as a share of GDP going back the beginning of the nation!) Over at Vox. Basically, these figures are pictures of what I… Read more