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Fiscal Stimulus

Bonnie Kavoussi

Usual Suspect Blamed For High Unemployment | Bonnie Kavoussi | Posted 08.04.2012 | Business

The government probably could get us out of this mess. One striking piece of data in the jobs numbers out Friday was just how much of a drag the p...

Obama, 2012 and the Mousetrap Factor

Deepak Chopra | Posted 07.14.2012 | Politics
Deepak Chopra

Obama is in danger of being "Carterized." Romney is using a simplistic but powerful line: this president is a nice guy who is in over his head. What makes this tactic effective is that the right has seized the narrative and made a convincing case built on false claims. Here are a few.

Mediocre Growth, High Risks, and the Long Road Ahead

Olivier Blanchard | Posted 06.17.2012 | Business
Olivier Blanchard

For the past six months, the world economy has been on what is best described as a roller coaster.

Bonnie Kavoussi

Krugman Argues For Spending Similar To World War II | Bonnie Kavoussi | Posted 03.02.2012 | Business

Paul Krugman, the Nobel Prize-winning Princeton economist and New York Times columnist, said Tuesday that the United States needs to spend on a scale ...

'We Are Witnessing A Growth Slowdown Across OECD Countries'

Posted 11.08.2011 | Business

(Leigh Thomas) - The outlook for economic growth in developed countries has got much worse in the last three months, the OECD said on Thursday and urg...

Jared Bernstein: Barack Obama Has 'Plenty' Of Economic Options

The New Republic | Jared Bernstein | Posted 10.24.2011 | Business

Here’s the policy reality facing the president: The economy is stuck in the mud and the American people are losing faith that policy makers can do a...

Global Recovery Strengthens, Tensions Heighten

Olivier Blanchard | Posted 06.11.2011 | Business
Olivier Blanchard

The need for careful design of economic policies at the national level, and coordination at the global level, may be as important today as they were at the peak of the crisis two years ago.

The Long and the Short of It -- Government Debt Plans in 2011 and Beyond

Carlo Cottarelli | Posted 05.25.2011 | Business
Carlo Cottarelli

As we said in the just-published Fiscal Monitor update, fiscal policy this year in some leading advanced economies is shaping up to be quite different from what was expected just last November.

Two-Speed Global Recovery Continues

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

The world economic recovery continues. But it remains a two-speed recovery: slow in advanced countries, and much faster in emerging and developing economies.

Shahien Nasiripour

4 Million Set To Lose Unemployment Benefits -- Even If Congress Passes Extension | Shahien Nasiripour | Posted 05.25.2011 | Business

Even as Congress debates whether to extend emergency unemployment checks for more than six million Americans who are approaching the 99-week limit, so...

Bernanke Admits QE2 May Fail, Requests Fiscal Stimulus Now

Robert Lenzner | Posted 05.25.2011 | Business
Robert Lenzner

Ben Bernanke has doubts that his $600 billion program to purchase securities may not properly affect the yields on acquired securities and "via substitution effects in investors' portfolios, on a wider range of assets." Stunning, that admission.

Exploring Economic Policy Frontiers After the Crisis: 2010 IMF Research Conference

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

The crisis has forced economists and policy makers to go back to their drawing boards. Where did they go wrong, and what implications does the crisis have for both macroeconomic theory and macroeconomic policy making?

The Two Rebalancing Acts

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

Achieving a "strong, balanced, and sustained world recovery"--to quote from the goal set in Pittsburgh by the G-20--was never going to be easy. It req...

Why Another Stimulus WON'T Be Enough

Mohamed A. El-Erian | Washington Post | Posted 05.25.2011 | Business

In sum, the current policy approaches here and abroad are unlikely to deliver a durable and robust U.S. recovery and, critically, create sufficient gr...

Silly LeBron Stories

David Berri | Posted 05.25.2011 | Sports
David Berri

King James' decision to move to South Florida has generated a few stories that may best be described as "silly". Let's begin with the Rick Horrow argument that "LeBron is a walking, talking, free-throw-shooting stimulus plan.''

Ten Commandments for Fiscal Adjustment in Advanced Economies

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

What advanced countries need is clarity of intent, an appropriate calibration of fiscal targets, and adequate structural reforms. With a little help from monetary policy, and from their (emerging market) friends.

Emerging Market Countries and the Crisis: How Have They Coped?

Reza Moghadam | Posted 05.25.2011 | Home
Reza Moghadam

How time flies: only a year ago, we were in the throes of the biggest global crisis since the Great Depression. As the extent of the damage to institu...

Eurozone Crisis is Self-Inflicted, with Help from Financial Markets

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

The current turmoil in financial markets around the world is another illustration of the damage that can be done by a bloated and politically powerful...

Why Young People Should Want a Deficit Now

Anna Turner | Posted 05.25.2011 | Home
Anna Turner

It may be helpful to look at current deficit spending as a means to an end (growth in the economy), instead of as a purely negative entity.

Public Spending Still Key to Economic Recovery

Mark Weisbrot | Posted 05.25.2011 | Business
Mark Weisbrot

For conservatives to insist that we now rely only on the private sector for economic recovery is a bit like Bernie Madoff starting a new mutual fund from prison with the slogan, "trust me."

An Open Letter to Paul Krugman

David K. Levine | Posted 05.25.2011 | Business
David K. Levine

Crises have been ubiquitous throughout history. While we can't forecast them we do know how to learn from them. And we certainly have a good idea what not to do in response.

Roubini: How The Fed Should Withdraw The Stimulus

The Globe and Mail | Nouriel Roubini | Posted 05.25.2011 | Business

There's a general consensus that the massive monetary easing, fiscal stimulus and support of the financial system undertaken by governments and centra...

Trade Adjustments and Stimulus Packages in the Global Recession and Recovery

Mark Weisbrot | Posted 05.25.2011 | Business
Mark Weisbrot

Hans Timmer, Director of Economic Forecasting at the World Bank, told the Wall Street Journal that China will lead the world out of this recession. He appears to be correct.

S&P Misses the Boat: UK and US Need More Stimulus, Not Deficit Reduction

Mark Weisbrot | Posted 05.25.2011 | Politics
Mark Weisbrot

Taxpayers in both countries have been ripped off and should demand that some of this money be clawed back, the debt in both countries is still manageable.

It's the Global Economy (Stupid) -- or Is It?

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

The contemporary idea of the "global economy" is based on a misapplied analogy to the historical development of national economies.