Tag Archives: Government Spending

Are Behavioral Responses to Welfare Programs Bigger than We Think?

Pat Kline and Melissa Tartari have an innovative working paper that is a bit technical, but quite interesting. They formally identify the magnitude of intensive and extensive margin adjustments to the a welfare program called Jobs First. Here’s the Abstract: We study the … Continue reading

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Debt to GDP & Future Economic Growth

There has been a lot of discussion today on Reinhart and Rogoff’s work on Debt to GDP & future economic growth (see Mike Konczal, Krugman, CEPR, Brad Plumer,  and the original critique from Herden, Ash, Pollin), so I wanted to highlight some … Continue reading

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Larry Summers Reviews the History of Austerity

Summers reviews Austerity: the History of a Dangerous Idea by Mark Blyth here. Photo from Financial Times

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Austerity and the Greek Depression

The NY Times has a nice feature that compares the Greek economy from 2007-2012 to that of the US from 1929-1934. Besides the disturbing similarity, the most notable feature of this figure is how different the government spending response has been. … Continue reading

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If Austerity is Working, What Does Failure Look Like?

From Paul Krugman

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Boosting Growth: The Spending and Debt Responses to Minimum Wage Hikes

Aaronson, Daniel, Sumit Agarwal, and Eric French have a recent AER paper on the consumption patterns of households with minimum wage recipients following minimum wage increases. Immediately following a minimum wage hike, household income rises on average by about $250 per … Continue reading

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Labs of Democracy & Today’s Fiscal Policy Debates

Here’s my latest Economix column on the labs of democracy & today’s fiscal policy debates on uncertainty, spending, and spending vs taxes: Many of the fiercest disagreements about fiscal policy today stem from disagreements about the causes of the slow … Continue reading

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The Types of Things that Congress Should be Considering

From the Hamilton Project (and recently highlighted by Dylan Matthews): An Enduring Social Safety Net Transitioning to Bundled Payments in Medicare Reforming Federal Support for Risky Development Restructuring Cost Sharing and Supplemental Insurance for Medicare An Evidence-Based Path to Disability Insurance … Continue reading

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Shrinking Revenue Offers

Jared Bernstein has a nice, but depressing chart on various revenue offers between Obama and Boehner.

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The Obama Public Works Plan

There are three elements of this plan according to the NYTimes: 1. The first element of the plan is a “fix it first” policy that calls for investing $50 billion in transportation infrastructure, subject to Congressional approval. Fully $40 billion of … Continue reading

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