CBO

August 18, 2021 by Alex Williams and others — 16 min read

Assets Not Taxes: Flexible Financing Lessons from the New Deal to CARES

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.

Fiscal Policy CBO

Potential Output: Little Explanation for a Big Number

Alex Williams — 15 min read

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.

CBO Fiscal Policy Macro and Markets

The Faulty Assumptions Behind the CBO’s Enhanced Unemployment Multiplier

Alex Williams — 9 min read

The nonpartisan Congressional Budget Office’s analysis of the macroeconomic impacts of the Enhanced Unemployment Insurance (EUI) provisions of the CARES Act is deeply flawed.

CBO Automatic Stabilizers Fiscal Policy

Assets Not Taxes: Flexible Financing Lessons from the New Deal to CARES

Potential Output: Little Explanation for a Big Number

The Faulty Assumptions Behind the CBO’s Enhanced Unemployment Multiplier

Subscribe to new posts.