Stimulus

Obama's Worst Year

  • By
  • Noam Scheiber,
  • New America Foundation
February 13, 2012 |
Shortly after four o’clock on the afternoon of Wednesday, April 13, 2011, U.S. Treasury Secretary Tim Geithner walked down the hallway near his office toward a large conference room facing the building’s interior. He was accompanied by a retinue of counselors and aides. When they arrived in the room—known around Treasury simply as “the large”—four people were seated at a long walnut table on the side near the door.
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The Escape Artists

February 28, 2012

A star White House journalist provides a gripping look inside the meeting rooms, the in-boxes, and the super-sharp minds of the pedigreed propeller heads who attempted to guide President Obama out of a global economic crisis. Deeply sourced within Obama’s economic team, Noam Scheiber is uniquely qualified to profile the squad of elite administration insiders who have set and managed the president’s economic policies from before the start of his term in office, through the crisis, and into our current prolonged recovery.

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Bi-Sectoralism V: Beyond Short-Termism

January 24, 2012

This is the fifth column in a series by Bruce Jentleson, Professor at Duke University, and Jay Pelosky, Principal of J2Z Advisory. It originally appeared on the Huffington Post.

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Inequality, Wages and Financial Crises

  • By
  • Samuel Sherraden
January 5, 2012

At the last World Economic Roundtable, Michael Kumhof, Deputy Division Chief of the Modeling Division of the International Monetary Fund, and Raymond Torres, Director of the International Institute for Labour Studies of the International Labour Organization, came to discuss the relationship between inequality and financial crises. 

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Explaining China’s Falling Current Account Balance

  • By
  • Samuel Sherraden,
  • New America Foundation
December 15, 2011

China’s surplus fell from 10.1% of GDP in 2007 to 5.2% in 2010.  Whether its current account will continue to decline or will return to higher levels seen in the mid-2000s is a subject of considerable disagreement.

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Bi-Sectoralism III: Strength From Within

November 16, 2011

This is the third column in a series by Bruce Jentleson, Professor at Duke University, and Jay Pelosky, Principal of J2Z Advisory. It originally appeared on the Huffington Post.

Issues:

The Benefits for the U.S. Economy of a Temporary Tax Reduction on the Repatriation of Foreign Subsidiary Earnings

  • By Laura D’Andrea Tyson, Ph.D.; Kenneth Serwin, Ph.D.; Eric Drabkin, Ph.D.
October 13, 2011

U.S. multinational companies (“MNCs”) currently hold an estimated $1.4 trillion in foreign earnings overseas, an amount that has been growing and will continue to grow without a change in the current corporate tax structure. In this paper, we assess the effects of a one-time reduction in the tax rate applied to the repatriation of foreign subsidiary earnings on spending, output and employment in the U.S. economy.

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The Way Forward

  • By Daniel Alpert, Westwood Capital; Robert Hockett, Professor of Law, Cornell University; and Nouriel Roubini, Professor of Economics, New York University
October 10, 2011

Notwithstanding repeated attempts at monetary and fiscal stimulus since 2009, the United States remains mired in what is by far its worst economic slump since that of the 1930s.1  More than 25 million working-age Americans remain unemployed or underemployed, the employment-to-population ratio lingers at an historic low of 58.3 percent,2 business investment continues at historically weak levels, and consumption expenditure remains weighed down by massive private sector debt overhang left by the bursting of the housing and credit bubble a bit over three years ago.

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The UN's Battle with NCDs

  • By
  • Sheri Fink,
  • Rebecca Rabinowitz,
  • New America Foundation
September 20, 2011 |

The World Health Organization (WHO) calls it an "invisible epidemic." In the United States and now many parts of the developing world, the biggest killers are no longer infectious diseases, such as HIV and AIDS or malaria, but rather chronic conditions, such as heart and lung disease, cancer, and diabetes.

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Response to President Obama's American Jobs Act

  • By
  • Sherle R. Schwenninger,
  • Samuel Sherraden,
  • New America Foundation
September 8, 2011

In putting forth his jobs program, President Obama faced a difficult dilemma: propose a program that could gain Republican support or a more ambitious program that would actually get the economy back on a path of recovery and job creation.

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