Archive for the ‘New Posts’ Category

The strong dollar, its impact on growth, and the TPP

March 27th, 2015

When it comes to the debate over whether the Trans Pacific Partnership trade agreement should include rules against managing currency, the recent, sharp rise in the value of the dollar offers a little something for everyone. For TPP supporters who oppose a currency chapter—i.e., explicit actions to be taken against signatories who push down the value… Read more

Ideas to boost wage growth from the Resolution Foundation

March 26th, 2015

I’ve often touted the UK think tank, the Resolution Foundation, for their timely, accessible, and smart policy work on all the key issues–macro, micro, budgets. But their work has been particularly important in raising the issue of wage stagnation in the UK–basically, the Brits caught our wage disease–median and low-wage stagnation, growing dispersion–later than us, but… Read more

Fiscal needs monetary and monetary needs fiscal…increasingly so

March 23rd, 2015

In weak economies, these two policy behemoths are complements, not substitutes. Over at PostEverything–it’s a summary from a chapter from my book, out in a few weeks! Special tabular bonus for OTE’ers: Source: Bernstein, The Reconnection Agenda: Reuniting Growth and Prosperity (forthcoming) Very important to be in box 1 in downturns. We started out there… Read more