Archive for the ‘Fiscal Policy’ Category

Catching up on some old stuff

June 13th, 2016

Given the horrific mass-shooting in Orlando over the weekend, it seems irreverent and off-point to scribble about the usual grist for the mill. So a bit of catchup and forward-looking stuff. –I’ll have a great interview in tomorrow’s WaPo with CBPPs Elizabeth McNichol on the need for infrastructure investment, with an emphasis on the state… Read more

Five simple formulas that capture today’s economic challenges and solutions.

March 21st, 2016

Contemporary economics is often criticized for being too mathematical. How can we really capture the complex dynamics of what’s happening in people’s economic lives with a bunch of formulas? In fact, the point of all the math is to distill people’s complex experiences down to something we can model, understand, measure, and maybe predict. Yes,… Read more

Charles Manski on the importance of accounting for policy uncertainty

February 20th, 2016

I forgot to post this here yesterday, as I think OTE’ers would quite like it, within a confidence interval, of course. Charles Manski, an economist/econometrician who’s thought deeply about the importance of accounting for errors in economic data and forecasts, and who also miraculously speaks fairly plainly about it, agreed to answer some questions I… Read more

More on path dependency: describing the past is not endorsing the past…but these are the facts, like ’em or not.

February 18th, 2016

I’ve apparently managed to confuse some people in my post yesterday about federal government spending and taxing as a share of the economy. Though to be fair to myself, always a good practice, it looks to me like those people a) don’t read my stuff (unforgivable!), or b) don’t want to face historical facts. First,… Read more