Lies, Damned Lies, and Statistics
The manipulation of economic statistics has failed to accurately reflect the underlying economic reality. For this reason, gathering more nuanced and better-targeted statistics must be prioritized. […]
Economy
Who Wants to Be Treasury Secretary?
Even a cursory review of the hard facts confronting recent Treasury secretaries suggests that the current nominee may end up facing the most difficult job of any of them. […]
What the U.S. Fiscal Deal Means for the World
The U.S. fiscal deal is a step in the right direction. But Washington still needs to address the biggest cause of the chronic fiscal crisis—exploding healthcare costs. […]
The Inequality Challenge
The United States has experienced a much sharper increase in inequality relative to other advanced countries. In fact, the magnitude of U.S. inequality resembles that of a developing country. […]
The US economy is still inching towards the fiscal cliff
he prospects that the United States will find a solution for the fiscal cliff’s impending tax increases and spending cuts seem promising. […]
Beyond the Fiscal Cliff: Savings, Healthcare, and Inequality
Political bickering has blinded American leadership to the deeply rooted problems with the U.S. economy. […]
U.S. Fiscal Cliff Risks Dragging Global Economy into Darkness
If the United States falls off this fiscal cliff into recession, the outlook for the world economy, already gloomy, will darken further. […]
What Does the U.S. Election Mean for the World Economy?
The U.S. election, whatever the outcome, will not eliminate the need for both parties to compromise in order to make meaningful headway on the tough economic challenges facing the country. […]
In Search of the Global Middle Class: A New Index
The number of passenger cars in circulation can act as a direct measure of the middle class in developing countries. […]
Club Med and the Sunbelt: Adjustment within Monetary Union
Differences between the U.S. and eurozone monetary unions go a long way towards accounting for how well or badly each has adjusted in the aftermath of large housing bubbles and severe financial crisis. […]