When economic journalists speculate about looming inflation risks in the U.S. or any other country, they implicitly assume that each country’s inflation depends on that country’s fiscal or monetary policies, and perhaps the unemployment rate. Show More Summary
Lisa Philipps (Osgoode Hall) presents Gendering the Analysis of Tax Expenditures: Bridging Two Solitudes in Canadian Fiscal Policy at NYU today as part of its Tax Policy Colloquium Series hosted by Lily Batchelder and Daniel Shaviro: This paper seeks to connect two fiscal policy files that have attracted significant scholarly...
The post Household’s Balance Sheets and the Effect of Fiscal Policy appeared first on The Big Picture.
That Ibn Khaldun continues to mean all things to all men is a measure of his greatness and his ambiguity, according to Robert Irwin
New Federal Reserve Chairman Jerome H. Powell is expected to say Tuesday that the central bank will try to balance economic growth with the potential for “an overheated economy” now that “fiscal policy is becoming more stimulative” with tax cuts and increased federal spending. In his first extensive...
Following approval of the massive US tax cut, a majority of economists now say fiscal policy is adding too much fuel to the world's largest economy, according to a survey published Monday.
Something that has puzzled me for quite a while: Keynes's _General Theory_ contains remarkably few references to fiscal policy in any form: "Government spending": no matches... "Government purchases": no matches... "Fiscal policy":...Show More Summary
The US—with a projected 2018 federal budget deficit of 4 percent of Gross Domestic Product and an economy running at close to full employment-- just...
A Kennedy-Reagan-Trump Fiscal Policy? Heather Long reports that the White House economists have no clue about the history of U.S. fiscal policy: President Trump’s policies are driving an economic turnaround that puts him in the company of transformative presidents such as John F. Kennedy and Ronald Reagan, White House economists said Wednesday as they unveiled their […]
Germany is running a surplus but not cutting taxes. Singapore is running a balanced budget but is raising taxes. The U.S. is running huge deficits but cutting taxes and raising spending. What is wrong with this picture?
Let's really rethink the economics of arming America's social studies teachers.
Heather Long reports that the White House economists have no clue about the history of U.S. fiscal policy: President Trump’s policies are driving an economic turnaround that puts him in the company of transformative presidents such as John F. Show More Summary
U.S. fiscal policy is headed for "uncharted territory."That's how a team of economists at Goldman Sachs, led by Jan Hatzius, have described the government's current spending and tax plans, as they also warned that the growth kick for the economy from those strategies will eventually fade. Show More Summary
Tim Duy: Inflation, General Data Flow, Fiscal Stimulus, And Implications For Monetary Policy, by Tim Duy: The data flow remains supportive of the Fed’s forecast of sustained moderate growth. A spike in prices, however, drove core CPI inflation to the...
A few excerpts from a note by Goldman Sachs economists: What’s Wrong with Fiscal Policy? Federal fiscal policy is entering uncharted territory.... While most of the recent fiscal expansion has not come as a surprise to us, this nevertheless...Show More Summary
A Critical Review of Jeffrey Miron’s Call to Slash Entitlements I accused John Cochrane of incoherent babbling on the Federal deficit issue noting his update where he flip flopped: He went from fiscal policy being sober to we are in dire straights just like that! Oh my the sky is falling. We have to take away those […]
I accused John Cochrane of incoherent babbling on the Federal deficit issue noting his update where he flip flopped: He went from fiscal policy being sober to we are in dire straights just like that! Oh my the sky is falling. We have to take away those Social Security benefits that my generation have been paying into for 35 years. Show More Summary
At times John Cochrane babbles on incoherently on what should be a straight forward issue. This post is one example: Once you net out interest costs, it is interesting how sober US fiscal policy actually has been over the years. In economic good times, we run primary surpluses. Show More Summary
This is at Bloomberg, I think this is the most interesting paragraph: But Noah, I have a question for you. You’ve written several columns about how the American economy is becoming more monopolistic. If true (and it is not exactly my...Show More Summary
Uh-oh. “Economists broadly agree that increasing the budget deficit at this late stage in an economic recovery, with unemployment at just 4.1%, is terrible fiscal policy. We are already seeing potential signs of rising inflation, particularly as evidenced in the recent report showing wage increases for workers accelerating.” Ouch. Show More Summary