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“A roughly $2 trillion aid package would help lift gross domestic product to its pre-pandemic level by the middle to end of 2021, according to an analysis by Ms. Sheiner and economist Wendy Edelberg, also a senior Brookings fellow.”

“‘Marketplace’ host Kai Ryssdal talked with Wendy Edelberg, a senior fellow at the Brookings Institution and director of its Hamilton Project, about what might happen.”

“The federal government's involvement will make it more likely that states will provide extended benefits to their jobless residents, said Wendy Edelberg, director of The Hamilton Project at the Brookings Institution.”

“If Mr. Trump has any chance of prevailing, it is because roughly half of Americans still believe in his ability to manage the economy. Is that belief justified? The short answer is no.”

“A couple of my colleagues at Brookings, Wendy Edelberg and Louise Sheiner, estimate that, with a $2 trillion package, which is roughly where Mnuchin and Pelosi are talking, we could get back on the pre-pandemic growth path by the end of 2021 or early 2022.”

“A couple of colleagues of mine at Brookings, Wendy Edelberg and Louise Sheiner, estimate that if we got $2 trillion more fiscal policy–that’s the magnitude that Pelosi and Mnuchin are discussing–we could get the economy back on the pre-pandemic growth path by late next year or early 2022, but without it, it could take us years, perhaps even a decade, to get back to the path we were on.”

“‘We have much better tools for tamping down growth that is too fast than we have the tools to boost an economy that’s too weak,’ said Wendy Edelberg, director of the Hamilton Project at the Brookings Institution and a former chief economist at the Congressional Budget Office…Ms. Edelberg published a paper with Louise Sheiner this month estimating that $2 trillion in fiscal stimulus would bring the economy back to its pre-pandemic growth path by the third quarter of 2021. In the absence of any action, they estimate, it could take as long as a decade.”

“Hydrogen thus holds great promise in the transition to renewable energy. Policy makers, utilities and other energy market participants would be wise to expand its use as time passes. As the costs of all forms of renewable energy continue to fall, hydrogen is emerging as a potent new force for averting climate change.”

“With COVID-19 infection rates rising and fiscal stimulus measures ending, nowhere are the pain and downside risks of a faltering recovery more apparent than in the already hard-hit small-business sector.”

“A report out earlier this month from [The Hamilton Project at] the Brookings Institution found that 7.1% of kids age 16-19 were neither in school nor working between January and May 2020. That’s compared to 5.5% during the Great Recession, explained Lauren Bauer, a fellow at Brookings who worked on the report.”

“Sectors like leisure and hospitality that took the biggest beating during the downturn disproportionately hire women and people of color and tend to pay lower wages, according to Wendy Edelberg, director of the Hamilton Project, an economic policy arm of the Brookings Institution, a think tank.”

“The economy is very weak, especially for the vulnerable populations, disproportionately communities of color. The consequence of that is we really, really need significant stimulus. My view is to the order of $2 trillion dollars, and some of the economic studies have come out [such as one on] the Brookings website by Louise Sheiner and Wendy Edelberg that demonstrates that unemployment insurance is the most powerful tool we have now. So I would have a very large bill with a very substantial piece focused on unemployment insurance, and get that going very, very quickly.”

“‘We are making the recovery harder,’ Wendy Edelberg, director of the Hamilton Project, the Brookings economic policy arm, told Yahoo Finance. ‘Every week that goes by, the problems mount. We're going to make the recovery slower, and more painful.’”

“A new policy paper published by the Brookings Institution's Hamilton Project proposes two new federal government programs designed to bridge the divide between higher education and the workforce system.”

“In 2016, [The Hamilton Project at] the Brookings Institution estimated that Black Americans own about one-tenth the wealth of white Americans — $17,150 for Black families compared to $171,000 for white families.”

“The total cost [of the pandemic] is estimated at more than $16 trillion, or approximately 90% of the annual gross domestic product of the US. For a family of 4, the estimated loss would be nearly $200,000.”

“According to Wendy Edelberg and Louise Sheiner of the Brookings Institution, a $2tn spending boost would increase real output in the US by 0.2 per cent this year, and 4 per cent in 2021 and 2022, allowing the economy to return to its pre-pandemic path by the third quarter of next year.”

“Those who feed, transport, clothe and entertain people who are out-and-about account for about a quarter of American employment, note David Autor and Elisabeth Reynolds of MIT [in a Hamilton Project paper].”

“As of 2016, the $171,000 average net worth of a typical White family was 10 times greater than the average $17,150 net worth of a typical Black family, according to [The Hamilton Project at] the Brookings Institution."

“Conventional wisdom and financial markets agree: The era of near-zero interest rates will last as far as the eye can see. Yet the prolonged era of low rates may in fact be ending, according to a provocative new book by Charles Goodhart of the London School of Economics and Manoj Pradhan of Talking Heads Macro.”

“‘We’re in for a sizable reduction in economic activity coming from state governments if we don’t do anything,’ said Wendy Edelberg, who runs the Hamilton Project, an economic-policy arm of the Brookings Institution. ‘It’s just a terrible thought that we didn’t learn that lesson post-2008, that state budgets are incredibly important to the aggregate economy.’”

“A full one-third of these folks fall into the low- to moderate-income category, according to a Hamilton Project study.”

“Americans, once known for their propensity to move from state to state, have largely grown averse to such change. It may be true that the pandemic has brought a temporary reversal.”

“‘We look set to lose at least as many small businesses in this year alone as over the four-year period from peak to trough during the Great Recession,’ the report [from The Hamilton Project] warns.”