Fiscal Policy

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California Dreamin’ Of A Legacy
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by Michael J. Boskinvia Wall Street Journal
Solving The Puzzle Of Stagnant Wages
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by Edward Paul Lazearvia Wall Street Journal
Five Reasons For Slow Growth
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by Michael Spencevia Project Syndicate
Economic Crisis
John Taylor's Reply to Alan Blinder
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by John B. Taylorvia Wall Street Journal
Business Abstract
Behind the Productivity Plunge: Fewer Startups
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by Lee Ohanian, Edward Prescottvia Wall Street Journal
The Federal Reserve
How the Fed Fuels the Coming Inflation
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by Allan H. Meltzervia Wall Street Journal

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Policy Seminar on Unfunded Retiree Healthcare: The Elephant in the Room

Thursday, March 5, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building

Bob Pozen, Senior Lecturer at Harvard Business School and Senior Fellow at the Brookings Institution, discussed his work on “Unfunded Retiree Healthcare: The Elephant in the Room.”

Event
Marriner S. Eccles Federal Reserve Board Building
In the News

Fed-Bashing, Transparency And Transcripts

quoting John B. Taylor, Allan H. Meltzervia Bloomberg View
Wednesday, March 4, 2015

The transcripts of the highly significant 2009 meetings of the monetary-policy-setting Federal Open Market Committee are out today, after a five-year delay, and generating lots of headlines.

Articles
taxes
Analysis and Commentary

Mankiw On Dynamic Scoring

by John H. Cochranevia Grumpy Economist
Wednesday, March 4, 2015

The issue: When the congressional budget office "scores" legislation, figuring out how much it will raise or lower tax revenue and spending, it has been using "static" scoring.

Articles
Interest Rates
Analysis and Commentary

Doctrines Overturned

by John H. Cochranevia Grumpy Economist
Saturday, February 28, 2015

Everyone is hanging on will-she or won't-she raise rates by 25 basis points. I think this focus misses the more interesting questions for current monetary policy.

Articles
In the News

Why Does The Federal Reserve Fear A Real Audit?

mentioning John B. Taylorvia New York Post
Thursday, February 26, 2015

What is Janet Yellen afraid of? That question will be percolating in Congress next week when the Senate Banking Committee starts considering proposals for reforming the Federal Reserve that she chairs.

Articles
Tax cuts and reforms
In the News

Tax Code Should Be ‘Tossed Out,’ Expert Tells Senators

quoting Michael J. Boskinvia Think Advisor
Wednesday, February 25, 2015

Tax experts agreed Tuesday that comprehensive tax reform will help boost economic growth, with one expert suggesting the best way to achieve this is to "toss out" the current tax code and start again.

Articles
Blank Section (Placeholder)Analysis and Commentary

The Libertarian Podcast – “Greece, Germany And The European Union”

interview with Richard A. Epsteinvia The Libertarian
Wednesday, February 25, 2015

Can anything stop the economic catastrophe in Athens?

Podcasts
Analysis and Commentary

California Dreamin’ Of A Legacy

by Michael J. Boskinvia Wall Street Journal
Sunday, February 8, 2015

Jerry Brown’s popularity isn’t in doubt, but his fiscal record is. He still has time to put the state on solid footing.

Articles
Analysis and Commentary

The Era Of Big Government Is Back--Or Did It Ever Leave?

by David Davenportvia Forbes
Wednesday, February 4, 2015

When President Obama introduced his mammoth $4.4 trillion budget this week, he effectively announced that the era of big government is back.  Even his fellow Democrat, Bill Clinton, had famously proclaimed in 1996 that “the era of big government is over.”  This followed Ronald Reagan’s warning in 1981 that “government is not the solution to our problem, government is the problem.”

Articles
Analysis and Commentary

For the Coming Recession, Hope For the Best, Prepare For the Worst

by Timothy Kanevia Real Clear Markets
Wednesday, February 4, 2015

The Great Recession started seven years ago (December 2007). It seems hard to believe, but could America already be overdue for another? The recently released employment data for December 2014 marks seven years since the prior peak, or 84 months. This is worth noting because the average duration of U.S. business cycles since 1854 is 56.4 months, or just under five years. That's two recession per decade.

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Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple