Tag Archives: Recovery

A Painfully Slow Recovery for America’s Workers: Causes, Implications, and the Federal Reserve’s Response

A new speech from Janet Yellen is worth reading. Here are some figures from the speech on the slow response relative to other recessions and the contribution of fiscal support (or lack thereof) for this recession. Premature fiscal contraction is … Continue reading

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US Household Debt has Fallen by $833 billion since 2008

US Household Debt has Fallen by $833 billion since 2008 according to McKinsey. The decline is largely through defaults. HT: Susan Lund

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How Long Will it Take to Get to 6.5 Percent Unemployment?

Not soon according to the Hamilton Project:

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Fiscal Policy and Economic Recovery: The Case of the 1936 Veterans’ Bonus

Josh Hausman, an economics job market candidate from Berkeley, has a guest post on Miles Kimball’s blog that’s worth checking out: An excellent historical analogy to Miles’s Federal Lines of Credit proposal are the 1931 loans to World War I veterans that I … Continue reading

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Job Growth: Obama Recovery much better than Bush in Private Sector

To understand the competing claims about job growth under Obama and Bush, you really need to look at these two graphs (from Paul Krugman) that separate private and public employment. Key Points Private sector job growth is much more impressive … Continue reading

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