In the years following the Great Recession, many economists and policymakers agreed that fiscal stimulus was critical to improving the faltering economy and helping to save or create millions of jobs. There is less agreement, however, on whether the stimulus should have been larger, if it contained the correct mix of tax cuts and targeted government spending, and whether it optimally utilized income support programs—notably TANF and SNAP—to stabilize the economy and protect millions of households from falling into poverty. On May 23, The Hamilton Project at Brookings hosted a policy forum addressing how to make better use of fiscal stimulus in future downturns, with a focus on three new Hamilton Project papers.
Scholars and public commentators have recently debated the impact of education on earnings and earnings inequality. Some have argued that improving education is not the sole solution to inequality. Brad Hershbein, Melissa Kearney and Lawrence H. Summers clarify the different elements of the public debate and respond to a contending essay from the Washington Center for Equitable Growth.
Scholars and public commentators have recently debated the impact of education on earnings and earnings inequality. Some have argued that improving education is not the sole solution to inequality. In this economic analysis, Brad Hershbein, Melissa Kearney and Lawrence H. Summers clarify the different elements of the public debate and note explicitly that these positions are not necessarily at odds.
Fiscal issues will rapidly come to the fore next fall as the federal government faces the looming expiration of the Bush-era tax cuts, the onset of the deficit “trigger,” and another debate on the debt limit. Across the political spectrum, one of the few points on which today’s policymakers can agree is that the tax code is in desperate need of reform. On May 3, The Hamilton Project hosted a policy forum on the economic context for tax reform and the economic criteria that should be used when evaluating tax reform options.
What new breakthrough sciences and technologies are next on the horizon for the U.S. economy, and what role can policy play in creating a positive environment to promote innovative developments? On June 28, The Hamilton Project at Brookings hosted a forum on the future of innovation in the United States which explored the challenges to, and opportunities for, furthering advancements to create jobs and spur economic growth.
The Hamilton Project partnered with the Center for American Progress to host a forum on the country’s employment situation. The event featured a discussion with New York City Mayor Michael R. Bloomberg and NEC director Lawrence H. Summers, moderated by PBS host Charlie Rose.
The Project released new discussion papers and hosted panel discussions on housing and credit markets. The first panel explored ways to reform low-income housing assistance, while the second focused on innovative mortgage ideas to help protect consumers.
Governor Tim Kaine joined Robert E. Rubin and Lawrence H. Summers in the opening session of a Hamilton Project public forum on the need for a national strategy that promotes infrastructure as a central component of long-term, broadly shared growth.
Together with the Commission on Growth & Development, The Hamilton Project hosted a policy roundtable on the role of economic growth in reducing poverty in developing nations. A panel of experts discussed policies to help developing nations move forward in this era of global uncertainty.
The Hamilton Project hosted a conversation on proposed policy responses to the mortgage-foreclosure problem. Many Americans now owe more on their mortgages than their homes are worth; however, which policies provide the most effective remedy to the problem remains unanswered.
The Hamilton Project hosted a forum highlighting a new strategy paper and two new discussion papers on how to best design market mechanisms to reduce greenhouse gas emissions, including proposals to expand the federal R&D program to better promote the development of new greenhouse gas-reducing technologies.
The Project convened a discussion with experts to help frame the challenges currently facing housing and the financial markets: where we are, what it means for the U.S. economy, possible next steps for recovery, and ways to minimize future problems.