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The "Unsustainable" Path of Federal Fiscal Policy Part III: An Analysis of …

The "Unsustainable" Path of Federal Fiscal Policy Part III: An Analysis of …

Oct 26, 2013

In part three of our four part series we explore the long-run trends in federal debt and the annual budget deficits that lead to the accumulation of federal debt through the Congressional Budget Office's (CBO) current forecast horizon of 2088. We begin with a brief history of federal deficits...

The "Unsustainable" Path of Federal Fiscal Policy Part II: An Analysis of …

The "Unsustainable" Path of Federal Fiscal Policy Part II: An Analysis of …

Oct 10, 2013

In its latest Long-Term Budget Outlook, the Congressional Budget Office concludes that the future path of federal spending is "unsustainable." In part two of our four-part series on the unsustainable path of federal fiscal policy, we explore the ongoing trends in federal spending and focus on the key drivers...

The Unsustainable Path of Federal Fiscal Policy Part I: Federal Revenue Projections and …

The Unsustainable Path of Federal Fiscal Policy Part I: Federal Revenue Projections and …

Oct 8, 2013

Recently, the Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook, which this year again highlights the fact that federal fiscal policy continues along an unsustainable path. In this first of a series of reports on the unsustainable path of federal fiscal policy, we provide an analysis and...

Life After Ben: Choosing the Next Fed Chair

Life After Ben: Choosing the Next Fed Chair

Aug 28, 2013

The biggest question on monetary policy for the years ahead is, who will be the next Federal Reserve chairman? More importantly, who is best qualified to normalize policy without disrupting the current pace of economic growth and financial stability? The clear choice is Chairman Ben Bernanke, who nursed an...

Is Abenomics Working?

Is Abenomics Working?

Aug 23, 2013

Japan has embraced stimulative economic policies and ground-breaking initiatives in terms of accommodative monetary policy in an attempt to reverse 15 years of uninspiring economic growth and chronic deflation. This special commentary considers the extent to which Abenomics is helping to stimulate the economy and whether the monetary policy...

Yellen vs Summers: Bird Fight

Yellen vs Summers: Bird Fight

Aug 22, 2013

Fed chairman Ben Bernanke's second four-year term expires on 31 January 2013 and his successor needs to be vetted by Congress before then. Although a dark horse cannot be ruled out, there are two clear candidates: Lawrence Summers and Janet Yellen. The debate of who is the most suited...