Expanding the Toolkit

ICYMI: The Past, Present, And Future Of Macroeconomic Policy Overview Employ America was founded to advance the cause of full employment. In a full employment economy, jobs are plentiful, wage growth is strong, and opportunities expand to those typically left out of the workforce. Full employment is also critical to

While the Inflation Reduction Act (IRA) has already successfully catalyzed investment, there is still more that it can do. Complementary policies addressing price volatility and supply chain vulnerability, as well as permitting reform and other policies, will be needed.

A “Strategic Resilience Reserve” (SRR) could follow the model of the Federal Reserve’s efforts to address financial stability risk: aiming to prevent crises, and reducing harm when they occur.

Note: We have retracted a previous version of this Research Report. This is a republished version with a correction and clarification in the discussion of how financial subsidy should be calculated for equity investments. Introduction Right now, the Federal Government is rolling out the largest suite of industrial policy projects