Despite efforts over the past four years to tear down the underpinnings of the global economy, pandemic economics has reinforced that this is indeed a global economy. Every one of the major-currency economies suffered through a health crisis and negative economic growth last year, according to the most ... READ MORE >
fiscal policy
How to bridge the output gap and return the economy to full employment
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 >
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 >