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May 16, 2019

Recession Ready: Fiscal Policies to Stabilize the American Economy

Slowdowns in the economy are inevitable. While it may be tempting to rely on Federal Reserve policy as a lone response to recessions, this would be a mistake; we know that fiscal stimulus is effective. Rather than wait for a crisis to strike before designing discretionary fiscal policy, we would be better served by preparing in advance. Enacting evidence-based automatic stabilizer proposals before the next recession will help the next recovery start faster, make job creation stronger, and restore confidence to businesses and households.

Policy Proposal May 16, 2019

Increasing Federal Support for State Medicaid and CHIP Programs in Response to Economic Downturns

In the face of large declines in tax revenues and increased demand for state programs during and after recessions, state governments are often forced to raise taxes, cut programs, or both. In order to protect state Medicaid programs and counteract recessions, Matthew Fiedler, Jason Furman, and Wilson Powell III propose to automatically increase the federal share of expenditures under Medicaid and the Children’s Health Insurance Program when a state’s unemployment rate exceeds a threshold level.

Event Sep 26, 2017

What’s the Matter with Wages? Exploring Wage Stagnation and the American Worker

On September 26, The Hamilton Project at Brookings hosted a forum on wage growth in The United States. The forum explored several key questions, including: What can and should be done to promote the economic growth that will lead to higher earnings for more American workers? How do we ensure that these gains are broadly shared, resulting in robust wage growth for as many workers as possible? In conjunction with this event, The Hamilton Project released a new framing paper exploring wage trends and their underlying economic determinants that underlie them.

Event Feb 7, 2017

Identifying a Fiscally Responsible Approach to Funding Infrastructure

The last decade’s decline in productivity—coupled with very low interest rates and declining public investment—presents a challenge and an opportunity for economic policy. In response, many policymakers and experts have proposed investments in public infrastructure, raising questions about which types of infrastructure projects are worth pursuing and how to finance them effectively. On February 7, The Hamilton Project hosted a policy forum exploring fiscally responsible policy options for funding and financing infrastructure investments.

Event Oct 7, 2015

Addressing Economic Challenges in an Evolving Health Care Market

Following the enactment of the Affordable Care Act, many observers have agreed that new and forward-thinking policy solutions are needed to confront the enduring economic challenges in health care and health insurance markets. On October 7, The Hamilton Project hosted a policy forum addressing these economic challenges in an evolving health care market. The Council of Economic Advisers Chairman Jason Furman delivered framing remarks.