Tag Archives: Spending

Incidence and Price Discrimination: Evidence from Housing Vouchers

From Robert Collinson and Peter Ganong: What is the incidence of housing vouchers? In a frictionless, price-taking equilibrium, increased generosity of a narrowly-targeted subsidy causes in- creases in unit quality. However, search frictions may limit quality improve- ments and subsidies may … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | 2 Comments

The Congress-Does-Nothing Deficit Reduction Plan

This David Kamin article on future tax revenues and bracket creep is worth reading. Here are a couple highlights: Because of some long-standing elements of our system as well as clever provisions in the Affordable Care Act, taxes will actually … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , , , | 2 Comments

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

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , | Leave a comment

Fiscal Policy and MPC Heterogeneity

Tullio Jappelli and Luigi Pistaferri have a recent paper called Fiscal Policy and MPC Heterogeneity. Here’s an interesting figure from it that shows how MPC varies by cash-on-hand: They aren’t the only ones who document MPC heterogeneity. Dynan, Skinner, Zeldes  have a … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , | 2 Comments

Links for Today: Heckman on Head Start and Mian & Sufi SF Fed paper

1. Heckman on early childhood education 2. Mian and Sufi: Aggregate Demand and State-Level Employment   

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

3 Articles from the Sunday NYTimes

1. God Save the British Economy  Each month, the committee heard Posen’s advice. Each month, it voted 8 to 1 against him. The bank eschewed his more expansionary suggestions and stuck to a more conservative approach of keeping interest rates low … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , | Leave a comment

The Right Way to Spend on Healthcare

Amitabh Chandra and Jon Skinner have a related paper in JEL: ABSTRACT: In the United States, health care technology has contributed to rising survival rates, yet health care spending relative to GDP has also grown more rapidly than in any … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

The Medicare Eligibility Age: Demographics and Medical Care Spending

In contrast to Social Security Reform, we do not find a large effect of potential increases in the age of eligibility on the long-term ability to finance medical spending. This is partly because the oldest old spend much more on … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , | Leave a comment