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Economy

July 2, 2015

What Happened to Middle Class Income Gains? - Isabel Sawhill, RCM

This year's Economic Report of the President has an interesting analysis of the sources of the slowdown in income gains among the middle class. Given all the attention gi...

June 30, 2015

Does Trade Cause Job Losses? - Stephen Rose, RealClearPolicy

Most Democrats in the House of Representatives opposed granting the president Trade Promotion Authority because they think international trade has been bad for American workers. (T...

June 29, 2015

The Next Financial Crisis? - Robert Samuelson, Washington Post

 A central economic question of our time is whether the policies undertaken to recover from the last financial crisis are laying the groundwork for the next. We now have two r...

June 26, 2015

Trade and Growth: End of an Era? - Bernard Hoekman, VoxEU

The world’s trade-to-GDP ratio climbed steadily for six decades. The rise slowed even before the Global Crisis and world trade growth has been anaemic since 2010. Recent data...

June 18, 2015

Immigration, Trade, and Productivity - Ottaviano et al., VoxEU

International trade in services and immigration are among the fastest growing aspects of globalisation. Using UK data, this column explores the links between these phenomena. Immig...

Most Recent Articles

June 18, 2015

Don't Bet on Jeb's 4 Percent Growth Promise - Josh Barro, NYT

Jeb Bush set out an aggressive economic growth target in his campaign announcement speech Monday: four percent real G.D.P. growth, for a decade....

June 18, 2015

Mapping States' Economic Performance - Raul, Fixr

The US may be classified as a rich nation, but wealth varies widely across all 50 states. We used brand-new data just released on June 10th, 2015 by the Bureau of Economi...

June 17, 2015

People Aren't Better Off Than Income Trends Say - Matt Bruenig, Demos

Matt O'Brien at Wonkblog recently picked up a month old poll that shows the majority of economists saying that people are better off now than income trends suggest. The argume...

June 17, 2015

R.I.P., Free Trade Treaties? - John Cassidy, New Yorker

The debate in the economics community over the Trans-Pacific Partnership continues. In Monday’s Washington Post, Lawrence Summers, who promoted ...

June 16, 2015

What's Missing From the Recovery - Nicole Gelinas, City Journal

America’s economy has grown for nearly six years and with particular vigor over the last six months. By historical standards, we’re due for another recession. When that...

June 16, 2015

A Middle Class Salary Is Better Than You Think - Matt O'Brien, Wash Post

Billionaires worry about two things. The first is who has more money than them, and the second is losing all their money in a revolution. Sometimes it's a Nazi coup d'é...

June 15, 2015

Rescuing the Free Trade Deals - Lawrence Summers, Washington Post

The Senate’s rejection of President Wo odrow Wilson’s commitment of the United States to the League of Nations was the greatest setback to U.S. glob...

June 13, 2015

Free Trade Doesn't Have to Be a Trade Secret - Molly Schwartz, R Street

Secrecy around the conduct of international trade agreements has been tightening, in what amounts to a disturbing and counterproductive trend. This lack of transparency gives addit...

June 13, 2015

Why Americans Are Turning Against Free Trade - David Frum, Atlantic

A decade and a half ago, I filled my days writing speeches urging Congress to grant President George W. Bush fast-track trade authority. If memory serves, I wrote more speeches on ...

June 13, 2015

N.C. Isn't a Supply Side Paradise - Sebastian Johnson, CTJ

Stephen Moore, a member of the supply-side triumvirate along with Art Laffer and Travis Brown, recently wrote a deeply misleading op-ed for The Wall Street...

June 12, 2015

Don't Let the Fed Halt the Recovery - Nicholas Buffie, RealClearPolicy

Next week, the Federal Reserve's Federal Open Market Committee will convene to discuss the future of monetary policy. The main topic of discussion will likely be whether or not the...

June 12, 2015

Why the TPP Is a Terrible Deal - Rep. John Conyers, The Nation

Earlier this year, former Florida governor Jeb Bush travelled to my hometown of Detroit to explain his political philosophy. In a speech before local business leaders, Bush argued ...

June 9, 2015

Involuntary Part-Timers: Here to Stay? - Valletta & van der List, FRBSF

The incidence of involuntary part-time work surged during the Great Recession and has stayed unusually high during the recovery. This may reflect more labor market slack than is ca...

June 6, 2015

Not Yet A Full Recovery - Ben Casselman, FiveThirtyEight

The job market has been getting so much better for so long that it’s reasonable to start asking whether it has at last fully healed from the recession that ended six years ag...

June 6, 2015

Meet RCEP, Worse Than the TPP - Jeremy Malcolm, EFF

It's been a big few weeks for leaked trade agreements. Just when we thought we had seen all the leaked text of the Trade in Services Agreement (TISA), Wikileaks went ahea...

June 5, 2015

The Retail Race Divide - Ruetschlin & Asante-Muhammad, Demos/NAACP

This paper examines the differences in retail workers’ occupations, earnings, and schedules to reveal how employment in the retail industry fails to meet the needs of the Bla...

June 4, 2015

Why Americans Aren't Getting a Raise - Ben Leubsdorf, Wall Street Journal

Federal Reserve economists aren’t sure why U.S. wage growth has been subdued over the last few years, or when pay raises will definitively move into higher gear. But the...

June 4, 2015

Against Trade Adjustment Insurance - David Muhlhausen, Daily Signal

Republican leaders in the House of Representatives are twisting arms to get to 218 votes—the magic number needed to pass the Senate-approved version of the “Trade Act o...

May 30, 2015

Blue Collar Men Are in Trouble - The Economist

AT FIRST glance the patriarchy appears to be thriving. More than 90% of presidents and prime ministers are male, as are nearly all big corporate bosses. Men dominate finance, techn...

May 26, 2015

The Difference Between TPP and TPA - Connor D. Wolf, Daily Caller

In the fevered debate over international trade, the Trans-Pacific Partnership and trade promotion authority have been used almost interchangeably. But in the end, they are not at a...

May 22, 2015

Democrats' Trade Paradox - Ronald Brownstein, National Journal

As the Senate votes on the Trans-Pacific Partnership today, the paradox of the trade debate is that President Obama is facing the most resistance from congressional Democrats, even...

May 22, 2015

A Victory for Interstate Commerce - Alan Viard, AEI

On Monday, the Supreme Court ruled 5-4 that Maryland’s individual income tax system unconstitutionally discriminates against interstate commerce. The Court’s decis...

May 21, 2015

Trade Agreements' Broken Promises to Labor - Sen. Elizabeth Warren

United States Senator Elizabeth Warren (D-Mass.) today released a report highlighting more than two decades of failed enforcement by the United States of labor and environmental st...

May 20, 2015

Will the U.S. Ever Grow Fast Again? - Noah Smith, Bloomberg View

We normally assume that most recessions end in due time, and that the U.S. economy returns to its old trend even after an extended slump. George Mason University economist and blog...

May 20, 2015

Why I'm Concerned About the TPP - Sen. Barbara Boxer, Huffington Post

They say timing is everything in life. Well, if that's true, the timing of this legislation to approve fast-track trade authority could not be worse for middle-class families....

May 20, 2015

A Bogus Case Against the Trade Deal - Ruth Marcus, Washington Post

One of the most seemingly compelling arguments against the free trade legislation now before Congress turns out to be largely bogus....

May 19, 2015

The Puzzle of Weak First-Quarter GDP Growth - Rudebusch et al., FRBSF

The official estimate of real GDP growth for the first three months of 2015 was shockingly weak. However, such estimates in the past appear to have understated first-quarter growth...

May 19, 2015

Free Trade and Human Slavery - Sister Jeanne Christensen, Sisters of Mercy

I am deeply troubled by the recent turn of events in the Senate as the Trade Promotion Authority (TPA) bill is debated. Initially, I was encouraged to see the Senate Finance Commit...

May 19, 2015

In Defense of NAFTA - The Editors, Bloomberg View

The fate of America's most important free-trade agreement this century has become caught in a debate over its most important free-trade agreement of the last century. When opponent...

May 18, 2015

Don't Be So Sure the Economy Will Return to Normal - Tyler Cowen, NYT

It is hard to avoid the feeling that our current economic problems are more than just a cyclical downturn. We know that the economy has gone through some bad times. But what exactl...

May 13, 2015

Rewriting the Rules of the Economy - Roosevelt Institute

In this new report, the Roosevelt Institute exposes the link between the rapidly rising fortunes of America’s wealthiest citizens and increasing economic insecurity for every...

May 13, 2015

Kentucky's Workforce Experiment - Nancy Cook, National Journal

The two mayors came up with the idea at a basketball game, of all places....

May 13, 2015

Special Interests vs. Trade Authority - Simionenko & Murray, RCPolicy

With the United States currently negotiating two mammoth trade agreements, President Obama being granted Trade Promotion Authority (TPA) is far from a done deal. Opposition is noth...

May 12, 2015

Productivity Is Down; Are Workers Slacking? - Bob McTeer, NCPA

U.S. labor productivity fell at a 1.9 percent annual rate in the first quarter, the second quarterly decline in a row and the first back to back drop since 2006. According to the o...

May 12, 2015

The Dynamic Benefits of Imports - Ryan Olson & Anthony B. Kim, Heritage

Advocates of free trade agreements often assert that trade is beneficial because it gives American businesses better access to the world’s consumers, 95 percent of whom live ...

May 11, 2015

Trade and Labor Market Dynamics - Lorenzo Caliendo et al., St. Louis Fed

We develop a dynamic labor search model where production and consumption take place in spatially distinct labor markets with varying exposure to domestic and international trade. T...

May 8, 2015

Democratizing Trade for the 99 Percent - Ed Gerwin, PPI

Trade critics often charge that proposed trade agreements like the Trans Pacific Partnership (TPP) essentially serve the one percent—while harming virtually everyone else. Bu...

May 1, 2015

Thinking About Major Trade Deals - Matthew Yglesias, Mother Jones

There is almost nothing in the whole wide world that economists like better than recounting David Ricardo's basic case for free trade. And this is sort of understandable. It's a re...

April 29, 2015

The Gains from Trade in a New Model - David Rosnick, CEPR

This paper takes a careful look at a recent International Monetary Fund (IMF) Working Paper that claims to find significant gains for liberalization of trade through the World Trad...

April 29, 2015

The Dark Side of Free Trade - Noah Smith, Bloomberg View

Harvard economist N. Gregory Mankiw -- my doctoral adviser’s doctoral adviser -- is a great researcher, wickedly smart and possessed of exceptional intuition. His introductor...

April 27, 2015

Why President Obama Is Wrong on Trade - David Singh Grewal, Huff Post

International Trade Law was surely not among the courses that President Obama taught as a law professor at the University of Chicago. In fact, I suspect he never took it as a stude...

April 25, 2015

The Value of Free Trade - N. Gregory Mankiw, New York Times

If Congress were to take an exam in Economics 101, would it pass? We are about to find out....

April 24, 2015

Teens Who Drop Out to Work - Molly M. Scott et al., Urban Institute

Graduating from high school is vital to young people’s life chances. Much of the current policy conversation around helping youth stay the course focuses on disconnected yout...

April 24, 2015

A Correlation Between Immigration, Wages - Rachel Stoltzfoos, DCNF

Wages and share of income for the bottom 90 percent of American wage-earners declined over the past 40 years, as the foreign-born population increased dramatically, data requested ...

April 24, 2015

Copyright and Trade - Terry Hart, Copyhype

Last Thursday, Senators Hatch and Wyden and Representative Ryan introduced the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, commonly referred...

Yahoo News - US Economy

Factbox: A timeline of Iran's nucle

Iran, the United States and five other major powers are laboring to reach an agreement by Tuesday to...

Europe can't count on ECB alone in

AIX-EN-PROVENCE, France (Reuters) - Greece and international creditors must find a compromise in the...