Negotiations between the Biden administration and the GOP minority in the Senate reveal strengths and shortcomings in their policy preferences and objectives about how to promote an economic recovery. Through it all, estimates of the domestic output gap – the difference between actual and potential ... READ MORE >
fiscal policy
An inconclusive outcome: Election produces no winner, expected court challenge
The American election produced no clear outcome in the race for the presidency on Tuesday night, and instead brought uncertainty, financial market volatility and political risk across the business world. Based on market action overnight, one observation is clear: Markets prefer neither Democrats ... READ MORE >
The post-coronavirus economy: What to expect, and what is needed
We think that the U.S. economy has ended its pandemic-induced free fall. Tentative signs of the recession’s nadir are evident in near real-time data across the economy. It is now time to begin considering the shape of the post-pandemic economy: What it will look like, whose interests are given ... READ MORE >