Archive for the ‘New Posts’ Category

Debt/GDP and growth

April 26th, 2017

I was just on a tax panel this AM with my pal Maya MacGuineas. Maya suggested that high debt levels lead to lower economic growth. Using Richard Kogan’s data on debt as a share of GDP and real GDP/working-age person (which is closer to productivity growth than GDP growth, but seems like a relevant metric… Read more

Dynamic scoring, interest rates, and “crowd out”

April 25th, 2017

I’ve got a piece over at the WaPo on why, when Treasury Sec’y Mnuchin says that Trump’s tax plan–which I suspect does not exist yet outside of some broad principles–“will pay for itself,” you should…um…disbelieve him. Such claims abuse “dynamic scoring,” the process by which analysts estimate macroeconomic feedback effects from tax cuts. I provide a… Read more

OTEpc #7: Inclusive immigration policies

April 18th, 2017

Episode #7 of the On the Economy podcast, on the fiscal and economic impacts of immigration, is yours for the clicking. Our guests–Erica Williams and Meg Wiehe, take us through their timely, important research about the benefits of inclusive immigration policies for unauthorized immigrants. And violinist virtuoso Hilary Hahn “joins” us (I can dream, can’t… Read more