Archive for the ‘Fiscal Policy’ Category

You’re not going to believe this, but that new budget plan looks pretty good.

October 27th, 2015

Over at WaPo. I’m probably grading on a curve, and as I stress, one gets pumped up about stuff that should be routine. But I’ll take it…and pretty gladly. Note that it theoretically shuts down cliffs, ceiling, shutdowns, etc. through 2017. How did it happen? Well, it hasn’t happened yet, though I’d give well over… Read more

The next recession is out there somewhere. Meanwhile, we’ve got other problems.

October 25th, 2015

So Ylan Mui warns that a recession is out there somewhere, and we’re getting closer to it every day. That is, by definition, true. And while she garners some data to make the case, one can find data on both sides of the issue. Generally speaking, economists cannot predict recessions. Back in the mid-2000s, Dean… Read more

Lessons from the last downturn for the next one.

October 16th, 2015

Courtesy of economists Alan Blinder and Mark Zandi, here is the latest paper from our full employment project at CBPP. B&Z take the most thorough look at the full spate of interventions -fiscal, monetary, financial-we threw at the Great Recession. Here’s my summary over at WaPo and here’s some of their intro: The massive and… Read more

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