Economics
Latest
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Policymakers Should Avoid Austerity in Addressing the Debt
Read moreThe economy remains weak and may be headed for a double-dip recession this winter. Though COVID relief enacted to date has been largely successful in...
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GDP Did Not Just Increase 33%
Read moreToday's advanced third quarter GDP estimates from the Bureau of Economic Analysis are being reported as showing 33 percent economic growth. This...
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CBO Shows "Interest" in Greater Transparency
Read moreThe Congressional Budget Office (CBO) took another step last week towards greater transparency when it published an interactive workbook that allows...
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IMF Report Underscores Need for Long-Term Deficit Reduction in U.S.
Read moreThe International Monetary Fund (IMF) made news earlier this week when it issued a report saying that most advanced economies will not need future...
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Comparing Fiscal Multipliers
Read moreThe United States is currently facing one of its worst economic and public health crises as a result of COVID-19. Though substantial COVID relief has...
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Janet Yellen and Jared Bernstein: The Senate Is on Vacation While Americans Starve
Read moreJanet Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, a former Chair of the Federal...
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Did GDP Fall by One-Third?
Read moreIn their reporting on the Bureau of Economic Analysis's (BEA) second quarter Gross Domestic Product (GDP) report, several news outlets have used the...
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Income Has Risen Through the COVID Recession But That May Soon Change
Read moreDespite the sharpest economic contraction is modern history, personal income has actually grown since the COVID-19 crisis started through May. While...
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How Big Should the Next COVID Package Be?
Read moreWith over $2 trillion of fiscal support now out the door, Congress is considering additional legislation to help stabilize the economy, support the...
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CBO Releases New Economic Projections
Read moreToday, the Congressional Budget Office (CBO) released updated economic projections, incorporating the economic damage from the COVID-19 pandemic...
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How Does COVID Relief Compare to Great Recession Stimulus?
Read moreWe have published an abbreviated update of this analysis, incorporating additional legislation. We now find the COVID-19 response to be larger than...
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Treasury Data Shows Other Countries Not Buying Additional Debt
Read moreTotal foreign holdings of United States debt held steady during the month of April despite the massive increase in government borrowing that took...