Government spending and monetary policy have consequences not only for the pace of economic growth, but for who shares in prosperity. Recent research by Anmol Bhandari aims to refine the relationship between cause and effect. It’s a problem not only of mathematics, but of revising the way economists think about policy choices.
“Think about early childhood investments as economic investments,” Art Rolnick urged business leaders in attendance at a recent event hosted by the Chamber of Commerce in Washington, where he presented his research showing that investing in early care and learning yields a 16 to 1 return on investment for taxpayers.
A new study examines decision-making between husbands and wives using data from surveys of nearly 3,500 women in Japan from 1993 to 2013. In an interview, Jeremey Lise outlined some of the insights of his latest research.
“Over the next couple of years, I think there will be a one-time jump in the level of G.D.P. because the profits that Apple, Google, Facebook and others attributed to an offshore tax haven affiliate will now appear in their U.S. accounts,” said Fatih Guvenen.
Despite the prolonged equity market rally, recent headlines suggest that pension funding continues to be a challenge for U.S. public funds. A long period of below-trend real economic growth could lead to further deterioration in pension funding ratios.
New research by Kyle Herkenhoff estimates that the nation’s G.D.P. would be substantially higher if there were fewer restrictions on housing in the most productive places and workers were able to more freely migrate to them.