Economic Policy

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Everyone Should Have The Retirement Plan Federal Employees Enjoy
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by Teresa Ghilarducci, Kevin Hassettvia The Washington Post
All Eyes On Digital Payments
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by Raghuram Rajanvia Project Syndicate
Kevin Hassett On His Plan To Open Up The Retirement System
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interview with Kevin Hassettvia Yahoo
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Socialism and The Constitution
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by Michael McConnellvia Defining Ideas
The Essence Of Marxism
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by Niall Fergusonvia Defining Ideas
Portrait of Karl Marx
Liberal Democracy Vs. Communism
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by Peter Berkowitzvia Defining Ideas
How Socialist Is Bernie Sanders?
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by Paul R. Gregoryvia Defining Ideas
Federal Reserve building
A Cautionary Note On Price-Level Targeting
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by Charles I. Plosservia Defining Ideas
Furman, Summers And Taxes
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by David R. Hendersonvia Defining Ideas
The Bonds Of Colonialism
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by Terry Anderson, Wendy Purnellvia Defining Ideas

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In the News

'Don't Exacerbate The Problems': Raghuram Rajan's Advice To Modi 2.0 On Economy

featuring Raghuram Rajanvia Business Today
Wednesday, May 29, 2019

Listing out his views on economic agendas for the new government, former RBI governor Raghuram Rajan has said the new dispensation needs to address the fiscal gap and revive agriculture, power and banking sectors. In his latest blog post, which was co-written with Abhijeet Banerjee, Rajan said both the Centre as well state governments should target to reduce fiscal deficit to FRBM (Fiscal Responsibility and Budget Management Act)-suggested 5 per cent by 2023. For this, there is a need to create better compliance and progressive taxation, he said. He also suggested that a Centre-state council modelled on the successful GST Council could be formed to ensure fiscal federalism.

Articles
In the News

When Growth Isn't Inclusive And Benefits Only A Section

quoting Raghuram Rajanvia Business Standard
Wednesday, May 29, 2019

Just ahead of the 2008 economic meltdown, when India was the flavour of the season at Davos, a top official of the erstwhile Planning Commission made a startling albeit roundabout admission: that the "inclusive growth" mantra of the time was not for the "aam aadmi" but for PLUs (people like us) and those in the higher strata.

Articles
In the News

The ‘Exorbitant Privilege’ Of Donald Trump And Angela Merkel

quoting Niall Fergusonvia The Washington Post
Wednesday, May 29, 2019

In economic terms, the United States and Germany are two of the luckiest nations on earth. Like two spoiled children, their refusal to appreciate that privilege lies at the root of their trade dispute.

Articles
Featured

Eric Hanushek On Income Inequality And Educational Achievement

interview with Eric Hanushekvia C-SPAN
Wednesday, May 29, 2019

Hoover Institution fellow Eric Hanushek discusses the results of his recent study on income inequality and its impact on educational achievement.

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In the News

What’s Beijing Doing In Haifa?

quoting Admiral Gary Rougheadvia The Wall Street Journal
Tuesday, May 28, 2019

Below the radar screens of all but a few experts, a dispute is brewing with the potential to disrupt defense cooperation between the U.S. and Israel and embroil the Jewish state in America’s increasingly intense trade conflict with China.

Articles
Featured

Beyond Unemployment

by Michael Spencevia Project Syndicate
Tuesday, May 28, 2019

In modern economies, people may have jobs, but they still harbor major concerns in a wide range of areas, including security, health and work-life balance, income and distribution, training, mobility, and opportunity. By focusing solely on the unemployment rate, policymakers are ignoring the many dimensions of employment that affect welfare.

Articles
Featured

Taking Our Medicine

by Daniel Heilvia Budget Matters, America Off Balance
Tuesday, May 28, 2019

The federal budget can be hard to comprehend. Billions of dollars are spent each day on thousands of different programs and agencies. Despite the complexities, skyrocketing deficits mean it is more important than ever to know how the trillions of federal dollars are spent each year.

Articles
Analysis and Commentary

Cost Divergence

by John H. Cochranevia Grumpy Economist
Tuesday, May 28, 2019

This lovely picture is from Why are the prices so D*mn High? by Eric Helland and Alex Tabarrok. (It's covered in Marginal Revolution: The Initial post, Bloat does not explain the rising cost of education, and an upcoming summary on health care.)

Articles
Interviews

Canada 'Not Invulnerable To Slowdowns,' Nobel-Winning Economist Michael Spence Says

interview with Michael Spencevia BNN Bloomberg
Monday, May 27, 2019

Hoover Institution fellow Michael Spence discusses global trade tensions and notes they continue to pose risks for the Canadian economy.

Videos
Analysis and Commentary

The Sick Man Of Europe Is Europe

by Josef Joffevia The Wall Street Journal
Monday, May 27, 2019

Two takeaways from Sunday’s European Union elections: First, the centrists—the moderate right and left—were decimated. For the first time since 1979, Christian Democrats and Social Democrats, the reliably pro-European bloc, no longer hold the majority in the 751-member European Parliament. Second, the far right—the Europe bashers and nationalists—scored big, increasing their take to about 170 seats. In Britain, the Brexit Party trounced both Labour and the Tories. In France, Marine Le Pen’s National Rally outpolled President Emmanuel Macron’s party and its allies.

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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