Federal Fiscal Policy

U.S. capitol building at night

Report

Revisiting the budget outlook: An update after the Bipartisan Budget Act of 2019

Alan J. Auerbach and William G. Gale

Thursday, October 10, 2019

The National Debt Clock is seen in the Manhattan borough of New York City, New York, U.S., November 30, 2017. REUTERS/Shannon Stapleton

Federal Fiscal Policy

Why are millennials unfazed by the national debt?

Stuart M. Butler

Wednesday, October 9, 2019

A cyclist passes the the U.S. Capitol, on the day the House is expected to vote here to repeal Obamacare in Washington, D.C., U.S., May 4, 2017. REUTERS/Kevin Lamarque - RC149622B020

Report

Revisiting the federal budget outlook

Alan J. Auerbach, William G. Gale, and Aaron Krupkin

Monday, September 9, 2019

Traders look on as a screen shows the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 31, 2019. REUTERS/Brendan McDermid - HP1EF7V1HXBLH

U.S. Economy

Going beyond low interest rates to improve our fiscal outlook

William G. Gale

Wednesday, September 4, 2019

Reports

U.S. Capitol Building

Report

Fiscal policy with high debt and low interest rates

William G. Gale

Thursday, August 15, 2019

Report

The Fiscal Ship as a teaching tool

Vivien Lee, Finn Schuele, and Louise Sheiner

Friday, June 14, 2019

An employee shows fifty-euro notes in a bank in Sarajevo in this March 19, 2012 file photo. The European Central Bank took the ultimate policy leap on on January 22, 2015 launching a government bond-buying programme which will pump hundreds of billions of new money into a sagging euro zone economy. The Europen Central Bank (ECB) said it would buy government bonds from this March until the end of September 2016 despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms. Together with existing schemes to buy private debt and funnel hundreds of billions of euros in cheap loans to banks, the new quantitative easing programme will pump 60 billion euros a month into the economy, ECB President Mario Draghi said. Picture taken March 19, 2012. REUTERS/Dado Ruvic (BOSNIA AND HERZEGOVINA - Tags: BUSINESS) - LR2EB1M16MZJN

Monetary Policy

In an uncertain financial system, how do we make macroprudential policy work?

Wednesday, May 15, 2019

A worker arrives at his office in the Canary Wharf business district in London February 26, 2014. London's financial services sector created 25 percent more jobs in February than a year ago, new data has shown, indicating the industry may be recovering from the restructuring and redundancies prompted by the financial crisis. After a strong January, the City hiring market showed no signs of slowing down last month, with 3,220 new jobs created, compared with 2,575 added in February 2013, according to financial services recruiter Astbury Marsden. The data suggests London's banks and financial services companies are returning to growth after slashing thousands of jobs in the face of a lengthy recession and a series of industry scandals that followed the financial crisis. Picture taken February 26, 2014. REUTERS/Eddie Keogh (BRITAIN - Tags: BUSINESS EMPLOYMENT TPX IMAGES OF THE DAY)ATTENTION EDITORS: PICTURE 03 OF 25 FOR PACKAGE 'CITY OF LONDON - LIFE IN THE SQUARE MILE'. TO FIND ALL IMAGES SEARCH 'RECRUITER KEOGH' - GM1EA320PLO01

Regulatory Policy

Can fintech increase lending? How courts are undermining financial inclusion

Peter Conti-Brown

Tuesday, April 16, 2019

U.S. flag flies over a statue of George Washington outside Federal Hall National Memorial, as the partial U.S. government shutdown continues in New York

Report

Fiscal therapy: 12 framing facts and what they mean

William G. Gale

Wednesday, April 3, 2019

Blog Posts

The U.S. flag flies in front of the Capitol Dome at the U.S. Capitol in Washington, U.S., September 12, 2017. REUTERS/Joshua Roberts - RC12EA411BD0

Post

A guide to the Hutchins Center Fiscal Impact Measure

Sage Belz and Louise Sheiner

Friday, July 26, 2019

U.S. House Speaker Nancy Pelosi (D-CA) sits for an onstage interview about the U.S. budget with CNN reporter Manu Raju at the Peterson Foundation's annual Fiscal Summit in Washington, U.S. June 11, 2019. REUTERS/Jonathan Ernst - RC19F3443080

Up Front

The big budget deal is no big deal

William G. Gale and Aaron Krupkin

Wednesday, July 24, 2019

A statue of George Washington stands across from the New York Stock Exchange in Manhattan, New York City, U.S., December 21, 2016. REUTERS/Andrew Kelly - RC1C89313250

Up Front

Understanding the effects of bank stress tests: A Q&A

Donald Kohn and Nellie Liang

Monday, July 8, 2019

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Events

Fiscal therapy: Curing America’s debt addiction and investing in the future

10:00 AM - 12:00 PM EDT

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

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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

Experts

Women eat watermelons at the Coachella Valley Music and Arts Festival in Indio, California April 10, 2015. REUTERS/Lucy Nicholson - GF10000055583

Up Front

Are the kids alright? Saving and wealth accumulation among the millennial generation

William G. Gale

Wednesday, March 20, 2019

Mar 17, 2019; Nashville, TN, USA; A member of the Bridgestone Arena crew sweeps confetti off the court after a win by the Auburn Tigers over the Tennessee Volunteers in the SEC conference tournament championship game at Bridgestone Arena. Mandatory Credit: Christopher Hanewinckel-USA TODAY Sports - 12368716

Up Front

College sports joins the marketplace, with limits

Robert E. Litan

Tuesday, March 19, 2019

David Wessel

Director - The Hutchins Center on Fiscal and Monetary Policy

Senior Fellow - Economic Studies

View All Experts

Multimedia

The U.S. Capitol building is seen in a long exposure at sunrise on the day of the U.S. midterm election as voters go to the polls across the country to elect 33 U.S. senators and all 435 members of the U.S. House of Representatives in Washington, U.S., November 6, 2018. REUTERS/Jim Bourg - RC1E75D3B580

Podcast Episode

Preparing for the next recession

Jay Shambaugh, Heather Boushey, and Fred Dews

Friday, May 24, 2019

Treasury Secretary Steven Mnuchin sits under a display of the U.S. national debt as he testifies to the House Financial Services Committee on "The Annual Report of the Financial Stability Oversight Council" on Capitol Hill in Washington, U.S., February 6, 2018. REUTERS/Joshua Roberts - RC131089F510

Podcast Episode

How to cure America’s debt addiction (and invest in the future)

William G. Gale and David Wessel

Friday, April 5, 2019

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

Thursday, September 13, 2018

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