Archive for the ‘deficits’ Category:

Looking Forward in the New Year: Crowding Out and Hyper-Inflation Watch

{ Posted on Jan 03 2012 by Menzie Chinn }
In my previous post, I cited Jeff Frieden's and my proposal for a conditional inflation target. Yet, according to several observers, we are either on the brink of crowding out due to elevated government deficits [0], or high to hyperinflation, ...Read More »

On the burden of government debt

{ Posted on Jan 01 2012 by James Hamilton }
I didn't have time for a lengthy discussion of this issue, so will have to settle for some quick links of interest. Read More »

Taxing the 1%

{ Posted on Nov 23 2011 by James Hamilton }
Trying to prevent an increase in tax rates on the richest 1% of Americans looks to me like a losing strategy for the Republicans. Read More »

Photos from a (Book) Forum

{ Posted on Nov 07 2011 by Menzie Chinn }
From Prakash Loungani's blog: A standing-room only audience at the IMF last month heard a presentation by [Menzie] Chinn and [Jeffry] Frieden [on Lost Decades], along with comments from Diane Lim Rogers (Concord Coalition), Gail Cohen (Joint Economic Committee) and Simon ...Read More »

The Real American Jobs Act: Dealing with the Threat from Farm Dust Regulation (Really!)

{ Posted on Oct 17 2011 by Menzie Chinn }
When I click on the link on the website for The Real American Jobs Act (officially, "Jobs Through Growth Act"), this is what I get: Read More »

De-Mythologizing Fiscal Consolidation

{ Posted on Oct 01 2011 by Menzie Chinn }
In Lost Decades, Jeffry Frieden and I argue that fiscal consolidation is a necessary prerequisite for long term recovery; however, fiscal consolidation too soon can derail the recovery, and plunge us further into debt. In contrast, some commentators have asserted ...Read More »

The Wrong Track, in Figures

{ Posted on Sep 16 2011 by Menzie Chinn }
Mike Rosenberg (Bloomberg) notes that, when viewing the policy mix from the perspective of fiscal and financial conditions, we are on the following path, even as there is a large amount of slack in the economy [0]: Read More »

The Fall 2011 World Economic Outlook

{ Posted on Sep 16 2011 by Menzie Chinn }
The analytic chapters were released yesterday. Chapter 3: Target What You Can Hit: Commodity Price Swings and Monetary Policy Chapter 4: Separated at Birth? The Twin Budget and Trade Balances Read More »

What do low government bond yields signify?

{ Posted on Sep 11 2011 by James Hamilton }
Brad DeLong and Tyler Cowen point to an interesting exchange in the Financial Times. Read More »

Still Waiting for Expansionary Fiscal Contraction in the UK

{ Posted on Aug 11 2011 by Menzie Chinn }
And Generalissimo Francisco Franco is still dead (with apologies to the under 35 set). Since in the U.S. we are currently embarking upon a program of reducing fiscal stimulus, it seems useful to examine whether this action would result in rapid ...Read More »