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“The Child Tax Credit was made fully refundable, meaning it reached people who did not owe taxes. The child poverty rate fell 30% or more, according to economist Robert Greenstein at the Brookings Institution.”
“When the economy turns down, what usually happens is that consumers pull back on big durables purchases. That's exactly what did not happen in 2020.”
“The Hamilton Project’s Bob Greenstein — noting that the expanded child tax credit, which expired last year, reduced child poverty by 30 percent — says the top priority should be to try to make this credit fully refundable so it goes the poorest families with little or no tax liability.”
“Wendy Edelberg, a senior fellow of economic studies at the Brookings Institution, said during a panel discussion Thursday that she’s not celebrating just yet though she’s ‘cautiously optimistic.’”
“Even if the Fed tries to counteract that, it can be a painful cycle, said Wendy Edelberg, the director of the Hamilton Project and a senior fellow in economic studies at the Brookings Institution.”
“The prices of core goods outright fell. That’s good news, because we have seen declines in demand for core goods for months now, but it had yet to show up in recent months in outright price declines.”
“According to a July 2020 study by the Hamilton Project, COVID-19 exacerbated racial and gender gaps, with job losses disproportionately impacting Black people, Latinos, women and lower-wage earners.”
“Writing for the Brookings Institution’s Hamilton Project, economist Jim Ziliak (2016) proposed an immediate 20% increase in benefits, accompanied by other changes to the benefit formula.”
“I think the Fed needs to see, in the hard data posted by big statistical agencies, some good news on inflation before it really effectively pauses.”
“‘A lot of this is obviously about narrative and communication. Whether or not they pause in the beginning of next year, or at the end of the first quarter — there aren’t huge economic effects,’ said Wendy Edelberg, director of the Hamilton Project, a center-left think tank, and former chief economist at the Congressional Budget Office.”
“‘The pace of hiring is very high, unsustainable, and is pushing up wages and inflation,’ economists at The Hamilton Project, a policy research group at the Brookings Institution, said in a recent report.”
“The economy has been on track to slow, it is slowing—despite yesterday’s news—and it needs to slow...For the past couple of years, the economy has been growing faster than is sustainable.”
“Studies by the Census Bureau and by poverty expert Robert Greenstein have found that inclusive and targeted programs have both been important in reducing hardship.”
“‘It’s just a truism that when bad things happen in an economy, it’s the marginalized people, the people with less power, who are hurt fastest and most,’ said Wendy Edelberg, the director of the Hamilton Project, an economics division within the Brookings Institution.”
“Lauren Bauer, a fellow in economic studies at the Brookings Institution, has found college-educated older workers in particular now have choices.”
“‘I’m asked a lot by policymakers what we should do during the next recession if inflation is still high—this is very much on their minds right now, including inside the Biden administration,’ said Wendy Edelberg, director of the Hamilton Project and a senior fellow in economic studies at the Brookings Institution, a center-left D.C.-based think tank.”
“Paying attention to the stock market can be worthwhile for noninvestors, according to Wendy Edelberg, the director of the Hamilton Project, an economic research group at the Brookings Institution.”
“The Hamilton Project, a research group within The Brookings Institution, estimates that strict licensing requirements have cost the U.S. economy 2.85 million jobs.”
“And according to the Hamilton Project study, immigrants do not cause any sizeable decrease in wages and employment of U.S.-born citizens and instead may raise wages and lower prices.”
"The situation Obama inherited in 2009 was very different from the one he described back in his 2006 talk at the launch of the Hamilton Project. But the 2006-vintage concerns remained influential on the thinking of his team.”
“‘The fact that there are delays feels quite unnecessary given how much lead time states and USDA had to implement the program,’ said Lauren Bauer, fellow at the nonpartisan think tank the Brookings Institution, who has studied P-EBT nationally. A report Bauer co-authored about P-EBT in 2020, from the Hamilton Project of the Brookings Institute, found the program reduced food hardship in low-income families with kids.”
“The Fed is going to get inflation under control, bring demand down, soften the labor market—all those things are happening, just slowly.”
“I have absolutely no doubt that the Fed tightening monetary policy will indeed bring inflation down to acceptable levels.”
“According to The Hamilton Project, Black and white Americans sell and use drugs at similar rates, but Black Americans are 2.7 times as likely to be arrested for drug-related offenses.”