Archive for the ‘Recession/Stimulus’ Category

Diagnoses and Prescriptions: The Great Recession

May 18th, 2014

There’s a very interesting, albeit down-in-the-weeds, analytic debate brewing around a confluence of recent publications.  Tim Geithner’s new book defends the interventions of the Treasury Department he led to reflate credit markets (and I worked with the team on this back then).   Mian and Sufi’s new book, reviewed here by Bin Appelbaum, argues that Treasury… Read more

The Congressional Progressive Caucus Budget: A Vision for Our Time

April 9th, 2014

To open our full employment event last week, Larry Summers presented an extremely compelling case for the importance of using fiscal policy to close our persistent output gaps, lower unemployment, and repair some of the economic damage resulting from “austerity,” i.e., reducing budget deficits in weak economies. At the same time Larry was presenting this… Read more

Some Smart, Progressive Budgeting From the White House

February 20th, 2014

These troubled fiscal times are characterized by a few big problems: –too much fiscal drag from misplaced emphasis on deficit reduction in what’s still a weak recovery (with said weakness intimately related to said fiscal drag); –cuts that are too deep in non-defense discretionary programs that invest in everything from upward mobility for disadvantage kids,… Read more