Economic Policy

Big-Tech and the Resurgence of Antitrust

By and ·January 28, 2019
Tufts University

The Issue:

In recent years, a number of analysts have increasingly railed against large firms, particularly modern technological giants such as Amazon, Google, and Facebook — calling for such firms to be regulated like public utilities or perhaps broken up as was famously done with Standard Oil over a century ago

...
Read more

What Tools Does the U.S. Have to Combat the Next Recession? (VIDEO)

By and ·December 12, 2018
Harvard University and George Washington University and The Hamilton Project, Brookings Institution
Excerpt from webinar with Karen Dynan (Harvard University), Jay Shambaugh (George Washington University, and The Hamilton Project at The Brookings Institution), and Eduardo Porter (New York Times), October 23, 2018. A collaboration between EconoFact and The Hamilton Project, Brookings.

The Issue:

U.S. fiscal ...
Read more

What Information Does the Yield Curve Yield? (UPDATED)

By ·December 6, 2018
Fletcher School, Tufts University

The Issue:

Forecasting the twists and turns of the economy is difficult. One set of indicators used to gauge where the economy is headed draws on information from financial markets since the yields paid by financial assets reflect the collective market view of the future state of the economy. An inverted yield ...
Read more

No Free Lunches: The Hard Arithmetic of Economics

By ·September 28, 2018
Wellesley College

The Issue:

Key policy initiatives often are presented to the public as providing benefits with no real costs. While sugarcoating may be a useful political strategy, such narratives mask the difficult tradeoffs implicit in many economic policy decisions and the invariable presence of budget constraints. Such promises ...
Read more

The Decline in the Dollar

By and ·June 2, 2017
Fletcher School, Tufts University and George Washington University

The Issue:

The dollar got stronger (appreciated) against the currencies of its major trading partners in the immediate wake of the election of President Trump. This reflected the market’s view of the expected effects of policies advocated by Candidate Trump, such as tax cuts, infrastructure spending, and higher ...
Read more

Are Economic Statistics Fake News?

By ·April 2, 2017
Wellesley College

The Issue:

Is the unemployment rate published by the Bureau of Labor Statistics a good gauge of the state of the labor market?  The credibility of economic data produced by government statistical agencies increasingly has been called into question.  Before becoming president, Donald Trump repeatedly criticized ...
Read more