Federal Fiscal Policy

U.S. President Donald Trump (L) arrives with Treasury Secretary Steven Mnuchin prior to signing financial services executive orders at the Treasury Department in Washington.

Up Front

The 385 tax rules make American businesses more competitive—Treasury should keep them

Adam Looney

Thursday, August 10, 2017

The New York Stock Exchange (NYSE) is pictured in New York.

U.S. Economy

The fiscal outlook in a period of policy uncertainty

Alan Auerbach and William G. Gale

Monday, August 7, 2017

Federal Fiscal Policy

Hutchins Center Fiscal Impact Measure

Friday, July 28, 2017

Ben Bernanke

When growth is not enough

Ben S. Bernanke

Monday, June 26, 2017

Reports

A portrait of Benjamin Franklin on a U.S. One-hundred dollar bill is pictured at Interbank Inc. money exchange in Tokyo, in this September 9, 2010 picture illustration. The dollar neared a 15-year low versus the yen on Thursday as traders bet Japanese authorities were not yet ready to intervene in the currency market. REUTERS/Yuriko Nakao (JAPAN - Tags: BUSINESS EMPLOYMENT) - RTR2I3FR

U.S. Economy

Money-financed fiscal programs: A cautionary tale

William B. English, Christopher Erceg, and David Lopez-Salido

Friday, June 2, 2017

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the announcement that the U.S. Federal Reserve had hiked interest rates for the first time in nearly a decade in New York, December 16, 2015. The U.S. central bank's policy-setting committee raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent, ending a lengthy debate about whether the economy was strong enough to withstand higher borrowing costs. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY - RTX1Z04O

U.S. Economy

Debt sustainability in a low interest rate world

Neil Mehrotra

Friday, June 2, 2017

A pharmacist counts pills in a pharmacy in Toronto in this January 31, 2008 file photo. Pressured by an aging population and the need to rein in budget deficits, Canada's provinces are taking tough measures to curb healthcare costs, a trend that could erode the principles of the popular state-funded system. To match ANALYSIS CANADA-HEALTH/ REUTERS/Mark Blinch/Files (CANADA - Tags: HEALTH POLITICS BUSINESS) - RTR2ELV1

Health Care Policy

A framework for negotiation in Part D of Medicare

Richard Frank and Richard J. Zeckhauser

Tuesday, May 2, 2017

Patient's prescriptions sit on a handwritten ledger in Dr. Byron Harbolt's Cathedral Canyon Clinic in Altamont, Tennessee July 14, 2013. Harbolt, 89, who charges as little as $15 for an office visit, sees patients six days a week in the rural clinic he opened in 1960. Photo taken July 14, 2013. REUTERS/Harrison McClary (UNITED STATES - Tags: HEALTH SOCIETY) - RTX11NNB

Health Care Policy

Can drug importation address high generic drug prices?

Thomas Bollyky and Aaron Kesselheim

Tuesday, May 2, 2017

An academic researcher of the Faculty of Pharmacy works in a laboratory at the Paris-Sud University in Chatenay-Malabry, France, March 28, 2017. REUTERS/Benoit Tessier - RTS13OU7

Health Care Reform

Ten challenges in the prescription drug market—and ten solutions

Tuesday, May 2, 2017

Blog Posts

Image of President Trump's budget blueprint

Brookings Now

8 things you should know about President Trump’s budget proposal

Brennan Hoban

Monday, April 3, 2017

U.S. President Donald Trump gives a thumbs-up as he and White House Senior Advisor Jared Kushner depart the White House in Washington, U.S., March 15, 2017. REUTERS/Kevin Lamarque - RTX315CF

FixGov

Four key points on Trump’s budget proposal

Molly E. Reynolds

Thursday, March 16, 2017

Up Front

The Hutchins Center Explains: Fiscal stimulus and the Fed

Peter Olson and Louise M. Sheiner

Thursday, January 26, 2017

View All Blog Posts

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

Experts

Henry J. Aaron

The Bruce and Virginia MacLaury Chair

Senior Fellow - Economic Studies

Louise Sheiner

The Robert S. Kerr Senior Fellow - Economic Studies

Policy Director - The Hutchins Center on Fiscal and Monetary Policy

Adam Looney

Senior Fellow - Economic Studies, Urban-Brookings Tax Policy Center

View All Experts

Multimedia

A general view of the U.S. Internal Revenue Service (IRS) building, with the partial quote "taxes are what we pay," in Washington May 27, 2015. Tax return information for about 100,000 U.S. taxpayers was illegally accessed by cyber criminals over the past four months, U.S. IRS Commissioner John Koskinen said on Tuesday, the latest in a series of data thefts that have alarmed American consumers. The entire quote chiseled on the building, from Oliver Wendell Holmes, reads, "Taxes are what we pay for a civilized society''. REUTERS/Jonathan Ernst - RTX1EU9N

Taxation

On Trump’s taxes and the AMT

William G. Gale

Wednesday, March 15, 2017

Federal Fiscal Policy

Rules versus discretion: A reconsideration

Narayana Kocherlakota

Fall 2016

Up Front

Men not at work: Why so many men aged 25 to 54 are not working

David Wessel

Monday, August 15, 2016

View All Multimedia