RESEARCH AND COMMENTARY
Douglas W. Elmendorf, April 10, 2008, Senate Committee on Banking, Housing, and Urban Affairs
Congress and the administration are moving forward in myriad ways to boost beleaguered homeowners and put the economy back on track. Doug Elmendorf, testifying before the Senate, urged policy-makers to expand the role of the Federal Housing Administration to help families in trouble refinance their mortgages, and offered comments on the compromise Senate housing bill. Read More
PAST EVENT
Friday, March 14, 2008
Washington, DC
The Hamilton Project at Brookings hosted a discussion on proposed policy responses to the mortgage-foreclosure problem. Former U.S. Treasury Secretaries Robert E. Rubin and Lawrence H. Summers offered remarks. Panelists evaluated several specific proposals for ameliorating the mortgage-foreclosure problem and proposed next steps for consideration. Read More
PAST EVENT
Friday, May 16, 2008
Washington, DC
How could America's sophisticated financial system go so wrong and cause so much damage? Martin Baily, Douglas Elmendorf and Robert Litan answered that question in a new paper released at this public forum. The authors, following opening remarks by FDIC Chairman Sheila Bair, put forward a specific agenda of policy actions to reduce the chance that history repeats itself. Read More
RESEARCH AND COMMENTARY
Martin Neil Baily, Douglas W. Elmendorf and Robert E. Litan, May 16, 2008, The Brookings Institution
With the U.S. financial system still in a perilous state, Martin Baily, Doug Elmendorf and Bob Litan diagnose what caused the crisis and offer prescriptions for policy change. The authors of this new Brookings paper address two challenges: to resolve the immediate problems and to reduce the likelihood that these problems recur. Read More
RESEARCH AND COMMENTARY
Douglas W. Elmendorf, May 14, 2008, Joint Economic Committee
Even though billions of dollars of mortgage-related loses have yet to be declared, Doug Elemendorf offered Joint Economic Committee members four principles to guide reform of the troubled financial system. His diagnosis and prescriptions are based on a new Brookings report to be released Friday. Read More
RESEARCH AND COMMENTARY
Julia B. Isaacs and Phillip Lovell, April 2008, First Focus
New research from Brookings and First Focus shows that nearly two million children will be directly impacted by the mortgage crisis. When forced from their homes, children’s education is disrupted, their peer relationships crumble, and the social networks that support them are fractured. Read More
VIDEO
Bruce Katz and Martha Raddatz, April 24, 2008
Despite the fact that one-third of all Americans live in rental housing, rental policy often takes a back seat to home-ownership policy in Washington. To ensure that low- and moderate-income Americans can afford rental housing, Bruce Katz says that the next president needs to help supplement incomes, empower local governments to expand the supply of affordable housing and deal with the subprime mortgage crisis.
RESEARCH AND COMMENTARY
Douglas W. Elmendorf, April 21, 2008, The Brookings Institution
By examining the IMF's World Economic Outlook, Senior Fellow Doug Elmendorf, discusses ways in which innovations in housing finance around the world might change the way monetary policy deals with housing developments in the future. Read More
RESEARCH AND COMMENTARY
Jason Furman, April 06, 2008, Des Moines Register
The financial regulatory infrastructure that started during the Civil War is now an "alphabet soup" of agencies, and it suffers from duplication in some areas and gaps in others. Jason Furman provides guidance on how policy-makers can build a more effective and stable financial system. Read More
PAST EVENT
Friday, April 04, 2008
Paris, France
With the problems in the subprime mortgage market having grown into a full-blown crisis of the international financial system, the conference brought together leading economists and practitioners to examine the questions of how this crisis happened and how to avoid a similar event in the future. The event featured such key figures as former Fed Chairman Paul Volcker, former French Prime Minister Michel Rocard, economists Martin Baily and Douglas Elmendorf of Brookings and Jean Tirole of Institut d’Économie Industrielle in Toulouse, and business leaders Michel Pébereau of BNP Paribas and Claude Bébéar of AXA and Institut Montaigne. Read More
VIDEO
Douglas W. Elmendorf, Robert E. Rubin, Lawrence H. Summers and Kenneth D. Wade, March 14, 2008
On March 14, the Hamilton Project at Brookings hosted a discussion on proposed policy responses to the mortgage-foreclosure problem. Former U.S. Treasury Secretaries Robert E. Rubin and Lawrence H. Summers offered remarks. Panelists evaluated several specific proposals for ameliorating the mortgage-foreclosure problem and proposed next steps for consideration.
RESEARCH AND COMMENTARY
Douglas W. Elmendorf, February 2008, The Brookings Institution
Without government action, mortgage foreclosures will rise steeply for the next several years, argues Doug Elmendorf. He analyzes the wide range of proposals for tackling this problem, arguing that policy-makers should weigh the fairness of alternative approaches and effects on future mortgage credit, as well as the consequences of inaction. Read More
RESEARCH AND COMMENTARY
Alice M. Rivlin, February 26, 2008, House Committee on Financial Services
Alice M. Rivlin testified before Congress on the current economic situation and what policy makers can do to curb a possible future recession. "The Federal Reserve has used the tools in its limited arsenal aggressively and imaginatively and clearly indicated its intention do more if necessary," she said. Read More
RESEARCH AND COMMENTARY
Jason Furman, January 30, 2008, Los Angeles Times
Will the economy get a much-needed boost from a stilmulus package? In a week long Los Angeles Times 'Dust Up' series, Jason Furman, a Brookings scholar and an advisor to President Clinton, and author-economist Steven E. Landsburg discuss the U.S. economy and the recently announced stimulus package. Read More