Federal Fiscal Policy

Interactive

Hutchins Center Fiscal Impact Measure

Friday, October 26, 2018

A man walks away from the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian Snyder - RC1FD03EA500

Report

Optimizing the maturity structure of U.S. Treasury debt: A model-based framework

Terry Belton, Kristopher Dawsey, David Greenlaw, Huachen Li, Srini Ramaswamy, and Brian Sack

Wednesday, October 10, 2018

A trader works on the floor of the New York Stock Exchange August 4, 2011. Investors fled Wall Street in the worst stock-market selloff since the depths of the Great Recession in early 2009 in what has turned into a full-fledged correction. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS IMAGES OF THE DAY) - GM1E7850E2U01

Ben Bernanke

The housing bubble, the credit crunch, and the Great Recession: A reply to Paul Krugman

Ben S. Bernanke

Friday, September 21, 2018

Former Federal Reserve Board Chairman Ben Bernanke, former Treasury Secretary Timothy Geithner, and former Treasury Secretary Hank Paulson discuss "10 Years After the Global Financial Crisis" in Washington, U.S., September 12, 2018. REUTERS/Joshua Roberts - RC14CF9B7250

Up Front

Ten years after the financial crisis: Reflections by Bernanke, Geithner and Paulson

Jeffrey Cheng and David Wessel

Wednesday, September 19, 2018

Reports

The Danish central bank, also known as Danish Nationalbank, is seen in Copenhagen, January 22, 2015. The Danish central bank cut its key policy rate on Thursday for the second time this week to defend the crown's peg to the euro after the European Central Bank unveiled a stimulus package that weakened the single currency. REUTERS/Fabian Bimmer (DENMARK - Tags: BUSINESS) - GM1EB1N02TA01

Regulatory Policy

From the Great Moderation to the Great Recession and beyond: How did we get here and what lessons have we learned?

Donald Kohn

Friday, September 7, 2018

Michelle Arthur is seen working on the sealer line in the paint department during a tour of the Honda automobile plant in Marysville, Ohio October 11, 2012. REUTERS/Paul Vernon/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH BUSINESS WEEK AHEAD SEPTEMBER 26 FOR ALL IMAGES - S1BEUDKRMNAA

Report

GDP as a measure of economic well-being

Karen Dynan and Louise Sheiner

Friday, August 24, 2018

Workers box jars of pasta sauce at a plant run by Chelten House Products in Bridgeport, New Jersey July 27, 2015. The company produces private-label sauces, salsas and salad dressings for grocers such as Kroger, Whole Foods and Trader Joe's. As the Federal Reserve puzzles over what is holding back U.S. wages and productivity six years into the economic recovery, a pasta sauce company in New Jersey may offer some answers. Picture taken July 27, 2015. To match Insight USA-ECONOMY/LABOR REUTERS/Jonathan Spicer - GF20000007221

Report

The measurement of output, prices, and productivity

Brent Moulton

Wednesday, July 25, 2018

The corner stone of The New York Federal Reserve Bank is seen in New York's financial district March 25, 2015. The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy's weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday. REUTERS/Brendan McDermid - GF10000039419

U.S. Economy

Should John Williams run the New York Fed?

Peter Conti-Brown

Tuesday, July 24, 2018

A couple leaves the Remote Area Medical (RAM) health clinic at the Wise County Fairgrounds in Wise, Virginia July 24, 2009. The free clinic, which lasts 2 1/2 days, is the largest of its kind in the nation providing medical, dental and vision services from more than 1,400 medical volunteers. For many residents of this Appalachian area, the RAM clinic serves as the only medical care they may receive each year. REUTERS/Shannon Stapleton

Report

The long-term impact of aging on the federal budget

Louise Sheiner

Thursday, January 11, 2018

Blog Posts

The Avenue

Opportunity Zones and shared prosperity: Emerging principles from Cleveland

Rachel Barker and Alan Berube

Wednesday, September 19, 2018

Up Front

Eight lessons for fighting the next financial crisis

Nellie Liang

Thursday, September 13, 2018

Editions of the Brookings Papers on Economic Activity are pictured

Brookings Now

Bernanke on the causes of the financial crisis, questioning how we measure potential economic output, and more new research in economics

Fred Dews

Thursday, September 13, 2018

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Events

2017

Jun

Past Event

The lamppost theory: Why economic policy so often comes up short

10:30 AM - 12:00 PM EDT

The fiscal-monetary mix in an era of low interest rates

10:00 AM - 12:15 PM EDT

The impact of fiscal policy on monetary policy: A conversation with Fed Governor Lael Brainard

10:00 AM - 11:15 AM EST

Washington, DC

View All Events

Related Books

The $13 Trillion Question

Edited by David Wessel

2015

To the Edge

By Philip A. Wallach

2015

Transpacific Rebalancing

Edited by Barry P. Bosworth and Masahiro Kawai

2015

View All Books

Multimedia

John C. Williams speaks at an event at the Brookings Institution.

Brookings Now

As John C. Williams joins the New York Fed, a look at his contributions to Brookings

Alison Burke

Tuesday, April 3, 2018

Retired engineer and his wife look over documents concerning their investments at their home in Orlando.

The Federal Budget

America’s aging population could worsen the federal budget problem

Louise Sheiner and Fred Dews

Friday, March 30, 2018

Jerome Powell arrives in the Rose Garden as he attends an announcement as nominee to become chairman of the U.S. Federal Reserve by U.S. President Donald Trump (not pictured) at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria TPX IMAGES OF THE DAY - RC17A41B07A0

U.S. Politics & Government

Four speed bumps Jerome Powell will face as Fed Chair

Sarah A. Binder

Friday, November 3, 2017

View All Multimedia

Federal Fiscal Policy

Hutchins Center Fiscal Impact Measure

Optimizing the maturity structure of U.S. Treasury debt: A model-based framework

The housing bubble, the credit crunch, and the Great Recession: A reply to Paul Krugman

Ten years after the financial crisis: Reflections by Bernanke, Geithner and Paulson

Reports

From the Great Moderation to the Great Recession and beyond: How did we get here and what lessons have we learned?

GDP as a measure of economic well-being

The measurement of output, prices, and productivity

Should John Williams run the New York Fed?

The long-term impact of aging on the federal budget

Blog Posts

Opportunity Zones and shared prosperity: Emerging principles from Cleveland

Eight lessons for fighting the next financial crisis

Bernanke on the causes of the financial crisis, questioning how we measure potential economic output, and more new research in economics

Events

The lamppost theory: Why economic policy so often comes up short

The fiscal-monetary mix in an era of low interest rates

The impact of fiscal policy on monetary policy: A conversation with Fed Governor Lael Brainard

Related Books

The $13 Trillion Question

To the Edge

Transpacific Rebalancing

Multimedia

As John C. Williams joins the New York Fed, a look at his contributions to Brookings

America’s aging population could worsen the federal budget problem

Four speed bumps Jerome Powell will face as Fed Chair

More on Federal Fiscal Policy

Why patriotism is good fiscal policy

Measuring inflation: What’s changed over the past 20 years? What hasn’t?

Economic policy should be more boring

Digital currencies: Five big implications for central banks

Tax and spending legislation disarms us against next recession

The politics and tradeoffs of congressional budget process reform