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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Business Abstract
Analysis and Commentary

Behind the Productivity Plunge: Fewer Startups

by Lee Ohanian, Edward Prescottvia Wall Street Journal
Thursday, June 26, 2014

In the first quarter of 2014, GDP in the U.S. plunged at a 2.9% annual rate, and productivity—the inflation-adjusted business output per hour worked—declined at a 3.5% annual rate.

Articles
Federal Reserve
Interviews

Kevin Warsh on Squawk Box Part I

interview with Kevin Warshvia CNBC - Squawk Box
Thursday, June 26, 2014

Distinguished Visiting Fellow Kevin Warsh was a guest co-host on CNBC’s Squawk Box.

Videos
US Economy
Interviews

Kevin Warsh on Squawk Box Part III

interview with Kevin Warshvia CNBC - Squawk Box
Thursday, June 26, 2014

Distinguished Visiting Fellow Kevin Warsh was a guest co-host on CNBC’s Squawk Box.

Videos
Economics Concept
Interviews

John Cochrane on the John Batchelor Show (19:53)

interview with John H. Cochranevia John Batchelor Show
Tuesday, June 24, 2014

Senior Fellow John Cochrane discussed his The Grumpy Economist piece, "Sugar Mountain," on the nationally syndicated John Batchelor Show. 

Podcasts
Analysis and Commentary

Fighting Western Fires With Economics

by Terry Anderson, Daniel Botkinvia Wall Street Journal
Thursday, June 19, 2014

The early onset of wildfires in the drought-stricken West has state and federal fire officials concerned that this could be a record wildfire season. Wildfires near San Diego, Calif., and Flagstaff, Ariz., have already burned thousands of acres.

Articles
Cabudget Shutterstock
Analysis and Commentary

California's Budget Is a Monument to One-Party Rule

by Carson Brunovia Real Clear Markets
Thursday, June 19, 2014

With a few hours to spare before the June 15th midnight deadline, the California State Legislature passed its Fiscal Year 2014-2015 budget.

Articles
Social Security
Analysis and Commentary

Social Security Adds to the Deficit; Stop Saying I Said Otherwise

by Charles Blahousvia Los Angeles Times
Thursday, June 12, 2014

In two recent online columns, The Times' Michael Hiltzik claimed that I, in testimony before the U.S. Senate Finance Committee on May 10, 2011, supported his argument that Social Security "can't contribute to the federal deficit.

Articles
Economics Concept with a bar graph
In the News

U.S. Economic Recovery Looks Distant as Growth Stalls

mentioning Robert E. Hallvia New York Times
Wednesday, June 11, 2014

WASHINGTON — Recessions are always painful, but the Great Recession that ran from late 2007 to the middle of 2009 may have inflicted a new kind of pain: an era of slower growth.

Articles
US Economy
Analysis and Commentary

Quantifying The Lasting Harm to the U.S. Economy From the Financial Crisis

by Robert E. Hallvia National Bureau of Economic Research
Tuesday, June 3, 2014
The financial crisis and ensuing Great Recession left the U.S. economy in an injured state. In 2013, output was 13 percent below its trend path from 1990 through 2007. Part of this shortfall—2.2 percentage points out of the 13—was the result of lingering slackness in the labor market in the form of abnormal unemployment and substandard weekly hours of work. The single biggest contributor was a shortfall in business capital, which accounted for 3.9 percentage points. 
Articles
Bankruptcy Not Bailout: A Special Chapter 14
Books

Bankruptcy Not Bailout: A Special Chapter 14

by Kenneth E. Scott, John B. Taylorvia Hoover Institution Press
Friday, September 14, 2012

The events of the last several years on Wall Street make a compelling case for comprehensive, fundamental reform in the oversight of financial firms. In Bankruptcy Not Bailout, a group of expert contributors show why, if a new addition to the bankruptcy laws—Chapter 14—were implemented along with other genuine reforms, the changes could strengthen the US financial system and provide the impetus the US economy needs to thrive once again.

Books

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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