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News Coverage Apr 27, 2018

The 74: This Week’s ESSA News: California and Florida Revise Plans (Finally), Experts Give Equity Advice, Co

“The Brookings Institution hosted a discussion last week around the importance of ensuring states have chosen strong enough indicators to measure student achievement in their ESSA plans. ‘Strong indicators help to highlight vulnerable students in the system,’ Ajit Gopalakrishnan, from the Connecticut Department of Education, explained at the event. Much of the conversation centered around chronic absenteeism — an indicator many states have chosen to adopt. ‘Poorer students are notably likely to have higher rates of chronic absenteeism.’ explained Jay Shambaugh from The Hamilton Project, which released a report on evidenced-based approaches to reducing absenteeism.”

News Coverage Apr 26, 2018

Education Week: Trump Education Official to States: Don’t Forget about Reading, Math under ESSA

“’Let's agree from the start that reading and math are, and must remain, fundamental,’ said Jason Botel Wednesday at an event sponsored by the Hamilton Project at the Brookings Institution and the George W. Bush Institute. He noted the law ‘strikes the right balance’ by requiring states to place ‘much greater weight’ on academic indicators—including reading and math test scores—than on things like chronic absenteeism or school climate.”

News Coverage Apr 25, 2018

Vox: House Republicans’ Push to Slash Food Stamps in the Farm Bill, Explained

“There is strong evidence that SNAP reduces food insecurity especially when the economy takes a downward turn. A paper from Diane Whitmore Schanzenbach, Lauren Bauer, and Greg Nantz at the Hamilton Project, an economic think tank within the Brookings Institution, found that ‘SNAP improves health outcomes and households’ financial well-being, and even improves the later-life outcomes of individuals who had access to the program as children.’”

News Coverage Mar 27, 2018

The New York Times: Here’s Why an Accurate Census Count Is So Important

“’It’s getting harder to conduct the census, due to a variety of factors, including increasing cultural & linguistic diversity, and distrust of the government,’ said Diane Whitmore Schanzenbach, an economist who directs the Institute for Policy Research at Northwestern University. ‘The addition of the citizenship question will make the enumerators’ jobs even harder by heightening privacy concerns and reducing participation among immigrants, who may fear the information will be used to harm them or their families.’”

News Coverage Mar 16, 2018

The Washington Post: Fiscal Policy Is Working Backward: Why That’s a Real Concern

"Another interesting point in the figure is the large, negative contribution from financial conditions in 2015. Jay Shambaugh, director of the Brookings Hamilton Project, points out that exchange rate and Fed dynamics were in play here. ‘Assumptions that the Federal Reserve would raise rates much faster than the rest of the world helped spur a substantial appreciation of the dollar (15 to 20 percent in 18 months) which contributed to slower U.S. and global growth in 2015 and 2016."

News Coverage Mar 12, 2018

The Washington Post: Fixing the Tax Bill: How Democrats Should Use Some Rare Leverage

“Support is building for a program to help reach disadvantaged workers in places left behind even in year nine of the current expansion. As I discuss in this recent paper for the Brookings Hamilton Project, Congress should allocate a mandatory Full Employment Fund to support a jobs programs that could range from less interventionist employer subsidies to more ambitious direct job-creation initiatives.”

News Coverage Mar 9, 2018

Pacific Standard: How to Give American Workers Fair Wages

Last month, the Hamilton Project at the Brookings Institution convened a panel to discuss solutions to this problem; the event coincided with the release of a new e-book from theHamilton Project that's chock full of proposals to address wage stagnation. ‘Coming out of a very deep recession, there's often a single-minded focus on jobs, jobs, jobs,’ says Jay Shambaugh, an economist and the director of the Hamilton Project. ‘But as theunemployment rate comes down, at a certain point, it's important to think about what thereturn on those jobs is. And if you look at the broader sweep of history, the returns to work for the typical worker have not been growing.’

News Coverage Mar 6, 2018

Equitablog: What would lead to monetary overshooting by the Fed?

But perhaps a new target alone wouldn’t be enough. At an event last week hosted by the Hamilton Project, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, argued that a strong belief in a “nonlinear relationship” between unemployment and inflation among many monetary policymakers is why the Fed has hiked interest rate hikes when the rate of inflation was still below target.

News Coverage Mar 5, 2018

Conversable Economist: Rebalancing the Economy Toward Workers and Wages

Are there some ways to tip the balance a bit more toward workers? Jay Shambaugh and Ryan Nunn have edited an ebook, Revitalizing Wage Growth: Policies to Get American Workers a Raise, with nine chapters on causes of wage stagnation and policy proposals to address it (published by the Hamilton Project at the Brookings Institution, February 2018, full Table of Contents is appended below). Given that the US unemployment rate has now been 5% or less for more than two years, since September 2016, the question of wage growth is rightfully assuming high importance.

News Coverage Mar 1, 2018

MarketWatch: Overheat? A few say the Powell Fed is chasing after shadows

In a speech in Washington on Wednesday, Kashkari suggested he didn’t want the Fed to tap on the brakes until wage growth and inflation move higher. “I think we should allow this [economy] to continue to run,” Kashkari said. “I want to see wage growth continue to build, I want to see inflation move towards our 2% target,[ and] I want to see more evidence that the slack in the labor market is being used up,” he said at the HamiltonProject in Washington.

News Coverage Feb 28, 2018

U.S. News & World Report: Fed’s Kashkari: ‘I Want to See the Wage Growth’

'I want wage growth to continue to build, I want to see inflation move toward our 2-percent target, I want to see more evidence that the slack in the labor market is being used up: those are going to be the key factors that I pay attention to in making my recommendation,’ Minneapolis Federal Reserve President Neel Kashkari said at an event on the roots of slow wage growth at the Hamilton Project in Washington.

News Coverage Feb 22, 2018

The Washington Post: America Needs a Universal Paid Leave Program

“It’s time to enact a national universal paid leave program. It should include the principles laid out by the Washington Center for Equitable Growth’s Bridget Ansel and Heather Boushey in a paper published last fall by the Hamilton Project: Offer at least 12 weeks of leave to men and women for childbirth and adoption, care of a relative’s serious medical condition or a personal medical issue; cover all private-sector workers; and pay those workers a replacement wage high enough to make a difference in their lives. Doing so would provide an immense benefit to workers and their families and be very good for the overall economy.”