Economic Policy

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 ...
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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 ...
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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 ...
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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 ...
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Agricultural Implications of President Trump’s Policies

By ·March 20, 2017
Robert M. La Follette School, University of Wisconsin-Madison

The Issue:

Nearly 70 percent of rural votes cast in the 2016 election went to Donald Trump. This phenomenon has been attributed in part to the declining fortunes of farmers. But rather than helping reverse this trend, several of the Trump administration's policy proposals would negatively affect the fortunes of ...
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