Found 501 article(s) in category 'Fiscal Policy'

Alberto Alesina on Inequality, Immigration, and Austerity

Alberto Alesina on Inequality, Immigration, and Austerity July 2018. GrowthPolicy’s Devjani Roy interviewed Alberto Alesina, the Nathaniel Ropes Professor of Political Economy at Harvard University, on inequality, immigration, and austerity. | Click here for more interviews like this one. Links: Alberto Alesina’s faculty page at Harvard | Publications | NBER research page | Wikipedia Growthpolicy.org. […]

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A jobs guarantee — progressives’ latest big idea

A jobs guarantee — progressives’ latest big idea. Lawrence Summers, July 2, 2018, Opinion, “The percentage of US workers, or those seeking employment, aged 25-54 has declined over the past two decades. The impulse behind the latest “big” progressive idea of offering job guarantees is entirely valid. Studies show that those without jobs are much more likely to be dissatisfied with their lives, to become addicted to alcohol or drugs, and to be abusive within their family than even those working at low wages they find inadequate.Link

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Tyler Cowen and Amitabh Chandra on economics of health care

Tyler Cowen and Amitabh Chandra on economics of health care. Amitabh Chandra, June 12, 2018, Audio, “Two prominent economists share their views on the politics, economics and ethics of health care reform. Tyler Cowen is professor of economics at George Mason University and the Center for the Study of Public Choice and has earned numerous accolades, including being named a Top 100 Global Thinker by Foreign Policy. He is also one of The Economist’s most influential economists of the decade.Link

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Cumulative Impacts of Conditional Cash Transfer Programs: Experimental Evidence from Indonesia

Cumulative Impacts of Conditional Cash Transfer Programs: Experimental Evidence from Indonesia. Rema Hanna, May 2018, Paper, “Conditional cash transfer (CCT) programs have spread worldwide, and are designed to promote comprehensive human capital investments in children, starting from encouraging pre-natal and maternal care and early childhood health interventions and continuing through incentivizing school attendance. Yet evaluating these claims over more than a few years is hard, as most CCT experiments extend the program to the control group after a short experimental period. This paper experimentally estimates the impacts of Indonesia’s cash transfer program (PKH) six years after the program launched, using data from about 14,000 households in 360 sub-districts across Indonesia, taking advantage of the fact that treatment and control locations remained largely intact throughout the period.Link

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Redistribution Without a Median Voter: Models of Multidimensional Politics

Redistribution Without a Median Voter: Models of Multidimensional Politics. Torben Iversen, May 2018, Paper, “Most work on redistribution in democracies is anchored in long-standing unidimensional models, notably the seminal Meltzer-Richard-Romer model. When scholars venture outside the security of unidimensionality, many either abandon theoretical rigor or miss the full consequences of adding more dimensions (whether ideological or economic). There is now a substantial literature on redistributive politics in multidimensional policy spaces, but it tends to be very technical and frequently misinterpreted, if not ignored. This purpose of this article is to review this relatively new literature using simple graphical representations,Link

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The boom in Puerto Rican debt has nothing to do with reality

The boom in Puerto Rican debt has nothing to do with reality. Lawrence Summers, April 17, 2018, Opinion, “Desmond Lachman, Brad Setser and Antonio Weiss have written a very strong analysis of the Puerto Rico situation. If ever there was a disconnect between underlying reality and what is happening in financial markets, it is the boom in Puerto Rican debt that has nearly doubled the value of some of its debt securities during the past few months.” Link

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A debt crisis is coming. But don’t blame entitlements

A debt crisis is coming. But don’t blame entitlements. Jason Furman, April 6, 2018, Opinion, “Martin Neil Baily, Jason Furman, Alan B. Krueger, Laura D’Andrea Tyson and Janet L. Yellen are all former chairs of the White House Council of Economic Advisers. The U.S. unemployment rate is down to 4.1 percent, and economic growth could well increase in 2018. Consumer and business confidence is high. What could go wrong?Link

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Taxes for health: evidence clears the air

Taxes for health: evidence clears the air. Lawrence Summers, April 5, 2018, Opinion, “Although this argument may look appealing, clear thinking combined with good evidence reveals its many fallacies. An ethical judgment about taxing harmful products cannot rely on the question of tax regressivity alone. Rather, it requires consideration of all the effects, including the associated health…Link

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