Industrial Policy and Investment

Policies to Sustain the U.S. Auto Supply ChainPolicies to Sustain the U.S. Auto Supply Chain.pdf1 MBdownload-circle Joelle Gamble Copeland most recently served as Deputy Director at the White House National Economic Council. Prior to that, she was Chief Economist for the Department of Labor. The views represented

Some are already beginning to worry about the Inflation Reduction Act “crowding out” investment by the private sector. Yet the private sector is seeing things differently. In the most recent earnings call from major US steel producer Cleveland Cliffs, spending from the IRA was explicitly cited as a reason to

The following was originally presented as “Towards Macroprudential Fiscal Policy” at the  Coordinating the Supply Side: Creating a Systemic Industrial Policy for the 21st Century conference put on by the Berggruen Institute in December 2022. In light of recent discussion about the scope, aims, and variety embedded in industrial policy,

If we are going to take the supply side seriously - something that may have to happen to support the kind of demand-side policy required for maximum employment - we need to get serious about measuring it.

Creative approaches to financing investment in public assets and the private sector abound throughout American history. The New Deal, the CARES Act and other legislation have made use of government corporations, equity purchases and loan guarantees to generate durable and appreciating public assets.

Throughout our series on semiconductors, we have used the semiconductor industry to explore big questions in economic theory and industrial policy. Today, we offer a positive account.

This post is the second in a series that uses the history and economics of the American semiconductor industry to ask big picture questions about the future of fiscal policy and industrial policy.

This post is the first in a series that uses the history and economics of the American semiconductor industry to ask big picture questions about the future of fiscal policy and industrial policy.

Commentary about the Biden administration’s proposed fiscal relief policies has relied heavily on estimates of the economy’s potential output. However, few commentators or policymakers look under the hood to check how these estimates are calculated.