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Robert Greenstein has been appointed as a Visiting Fellow in Economic Studies at the Brookings Institution, where he will be affiliated with The Hamilton Project. 

“Wendy Edelberg of the Brookings Institution is watching for signs that people believe an economic overheating is permanent, like a housing and construction boom and high readings in the five-year, five-year forward inflation expectation rate.”

“Wendy Edelberg, director of the Hamilton Project at the Brookings Institution, former chief economist of the Congressional Budget Office: ‘I think there is a fair amount of consensus that the economy will grow strongly beginning in the fourth quarter of 2021 and that inflation will rise. I also believe, although there is less consensus here, that the level of economic activity will temporarily rise above its sustainable level for a time and inflation will rise above the Fed’s target.’”

“The Pandemic-EBT program was created during the health crisis to provide food to families who lost access to free or reduced-price school meals. In an average month, it gives out an additional $114 per child, per month. That’s on top of regular SNAP benefits. ‘This is a huge benefit increase for them,’ said Lauren Bauer, a fellow in economic studies at the Brookings Institution.”

“‘Everything is pointing to a handful of quarters of pretty darn fast economic growth,’ said Wendy Edelberg, director of the Hamilton Project and a senior fellow at the Brookings Institution.”

“‘We just know it to be true that a lot of firms aren’t paying workers their marginal product — how much they bring into the firm each hour,’ said Wendy Edelberg, director of the Hamilton Project at the Brookings Institution and former chief economist at the Congressional Budget Office. ‘A lot of firms have market power in a way that just gives them a lot of profit, and that profit has to get divided up. … And the less bargaining power the workers have, the less they share in that division.’”

“‘The impact is likely to be greater for Black and Latino workers and communities because Black and Latino workers are overrepresented in 11 and 13 respectively of the 30 jobs that employ the most workers in the U.S. that are at high risk of being significantly changed or eliminated due to automation,’ explains Kristen Broady, lead author of the report and policy director of The Hamilton Project at Brookings.”

“‘We had this grand success that policymakers acted so quickly in passing two significant pieces of legislation early in the pandemic, and then they flailed through the whole fall in just the most frustrating of ways,’ said Wendy Edelberg, director of the Hamilton Project, an economic-policy arm of the Brookings Institution. ‘That was just such an unforced error and created confusion and needless panic.’”

“‘Many Black and Hispanic workers aren’t thinking about investing in the stock market,’ says Kristen Broady, a fellow in economics studies at the Brookings Institution and policy director of the think tank’s Hamilton Project. ‘They’re thinking about how to pay their bills.’”

“Lauren Bauer, a fellow in economic studies at the Hamilton Project at the Brookings Institution, talked about the potential for strengthening stabilizers in a March 12 podcast. ‘I think that investing some political capital in getting triggers into this next bill makes a lot of sense,’ Bauer said. ‘It’s going to be less expensive to do at the end of a recession as opposed to at the beginning.’”

“Economists at the Washington-based Brookings Institution said that while $700bn of direct payments would lift consumer spending, the one-year spree could result in a hangover. “While our estimates show a soft landing, with a temporary and shallow decline in GDP after the fourth quarter of 2021, the slowdown could be more abrupt and painful than our projections suggest,” said senior fellows Wendy Edelberg and Louise Sheiner.”

“Lauren Bauer explains how unemployment insurance (UI) benefits - now extended to September via the American Rescue Plan - have affected household finances and worker behavior, and why Congress should add automatic triggers to UI before the next recession.”

"Kristen Broady, policy director of the Brookings Institution's Hamilton Project, said the economic effects of the coronavirus recession disproportionately hit communities of color."

“’Through the American Rescue Plan, the Biden administration and Congress are making a substantial down payment in the economic recovery from the COVID-19 pandemic,’ Lauren Bauer, fellow in economic studies at the Brookings Institution, told Yahoo Money.”

“'We were probably already on pace for a pretty good economy, assuming everything with the pandemic broke our way,’ said Wendy Edelberg, an economist and senior fellow at the Brookings Institution, who didn’t participate in the Journal survey. 'This bill absolutely provides a lot of insurance around that.'”

"As the American Rescue Plan makes its final way through Congress, Wendy Edelberg examines how the key elements will provide much-needed economic relief to states and families, and make significant cuts in child poverty.”

“Kristen Broady, a fellow at the Brookings Institution and policy director of Hamilton’s Project, said Black women usually fared better in the labor market, but the nature of the pandemic, which caused a lot of childcare issues due to children being sent home from school, has impacted Black women’s ability to work.”

“Historically, Black women have fared better than Black men in the labor market, said Kristen Broady, a fellow in economics studies at the Brookings Institution and policy director of the think tank’s Hamilton Project.”

“Other economists, like Paul Krugman and Wendy Edelberg, counter that the degree of damage done by the pandemic is uncertain and $1.9 trillion ensures that the economy will hit its stride.”

“Wendy Edelberg and Louise Sheiner of the Brookings Institution project that if Mr. Biden’s full $1.9 trillion plan is enacted, GDP will soar 7.8% this year. By early next year, they say, GDP would stand 2.6% above the CBO’s estimate of potential, and unemployment would temporarily dip to 3.2%.”

“Dillard University College of Business Dean and Hamilton Project Policy Director Dr. Kristen Broady joins to discuss the promise and challenges of federal worker training programs and how to ensure the US can equip its most vulnerable workers with in-demand skills for a post-COVID economy.”

“A study by The Hamilton Project at the Brookings Institution as reported by The Trial Lawyer magazine found that “in 2018, the direct cost of bail to the U.S. economy was $15.26 billion” including cost of incarceration, lost output per prisoner and cost of bail.”

“Wendy Edelberg, director of the Hamilton Project at the Brookings Institution and former chief economist at the CBO, noted that there is, of course, a chance that the coronavirus mutates, rendering the vaccine ineffective, and unemployment remains persistently high for a long time.”

"'The foreclosure crisis of more than a decade ago hit Black households harder than white ones in part because Black families had fewer assets to borrow against or sell. With more resources, white families “were less likely to lose their homes than Black families and it was easier for them to get back on track,' said Kristen Broady, policy director for the Hamilton Project at the Brookings Institution."