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Blog Posts

Blog Post Jan 28, 2021

The Macroeconomic Implications of Biden’s $1.9 Trillion Fiscal Package

In this piece, Wendy Edelberg and Louise Sheiner project the effect of the Biden package on GDP. They project that if the Biden package were enacted, GDP would reach the Congressional Budget Office’s (CBO) pre-pandemic GDP projection after the third quarter of 2021, exceeding it by 1 percent in the fourth quarter. In the middle of 2022, GDP would show a temporary and shallow decline and then grow at an annual rate of about 1.5 percent, coming close to the path projected just before the pandemic.

Blog Post Jan 11, 2021

Higher Education’s Reopening Decisions Affected the Most Vulnerable Students

In this analysis, Kristen Broady, Eliana Buckner, Jennifer Umanzor, and Sarah Wheaton find that while nearly every school in our sample offered in-person experiences in March, only about 30 percent were planning to maintain that in-person experience by September. Public schools and community colleges were particularly likely to go online, which disproportionately impacted students of color as well as low-income students.

Blog Post Oct 12, 2020

What Could Additional Fiscal Policy Do for the Economy in the Next Three Years?

This analysis shows the effects on economic activity, as measured by the Gross Domestic Product (GDP), of illustrative versions of several policies. Specifically, researchers examine five policies: a second round of checks to households, a resumption of enhanced unemployment insurance benefits, aid to state and local governments, support for small businesses, and other forms of fiscal support.