Changes in the structure of the economy have led to a significant shift in the natural balance between savings and investment, causing a decline in the equilibrium or normal real rate of interest that is associated with full employment. In this situation, a temporary increase in fiscal stimulus reduces, rather than increases, the long-run debt-to-GDP ratio.Anything that stimulates demand will operate in a positive direction. Austerity is counterproductive unless it generates so much confidence that it is a net increaser of demand.
That's a whole lotta chatter going on amongst moms and there seems to be no end in sight as countless numbers of moms join the "mom blogger" fold in an effort to support each other where society continues to fail them.
Today, the Earth got a little hotter, and a little more crowded. Daily Climate Change: Global Map of Unusual Temperatures, Mar 6, 2014 How unusua...
The current slowdown of home prices has been sharpest in markets that crashed during the bust and bounced back last year. And although asking-price ga...
Do you recall a time in America when the income of a single school teacher or baker or salesman or mechanic was enough to buy a home, have two cars, and raise a family? I remember.
Silvia pointed out that in his perspective, there's no such thing as a California economy because there are vast differences in economic growth, recovery and the labor force based on metropolitan areas.
March marks Women's History Month -- a time for celebrating women's historic gains and achievements. But, equally important, especially in this sluggish economic recovery, is amplifying the contemporary economic challenges women continue to face, including the uphill climb to retirement security.
Can we actually build a world that isn't run by its shadow interests? And what is this going to take? Can good will and big principles stand up to Wall Street and the Washington consensus?
Why continue to build infrastructure as if people will still commute between where they live and work when the new economy will see increasing numbers of people living, working, and making things in the same location?
The president's 2015 budget proposal "pivots" away from the 2010 "pivot" to austerity, pushes modestly for jobs and prioritizes infrastructure repair. Republicans will obstruct this -- just like they have obstructed every jobs plan since the stimulus. But the public fully supports what the president is trying to do.
New Fed Chairwoman Janet Yellen has a great task ahead of her. How to combat the results of the Great Moderation, as it was called, that period of l...
Martin Feldstein has long been one of the country's top conservative economists. He has been an economics professor at Harvard University since 1967. He was president of the National Bureau of Economic Research (NBER) from 1977 to 2008.
To help understand which U.S. cities have the greatest need for construction workers, we compared the number of licensed contractors per capita in some of the most populated U.S. cities. Here is how the top 25 U.S. cities (by population) stacked up.
Is self-employment the answer for an aging workforce and a sluggish economy?
There are a trillion reasons to care about who owns emerging market debt. That's how much money global investors have poured into in these government...
Ever since I read that President Obama and Pope Francis will meet at the Vatican later this month, my hopes for the year have been rising.