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All school and no work becoming the norm for American teens
The latest analysis from The Hamilton Project explores how teenagers (16–19-year-olds) have shifted away from working or seeking work and the impact this chang…
How will we know when a recession is coming?
Despite strong GDP growth and the longest uninterrupted streak of job growth in recorded U.S. history, another economic downturn will be inevitable. The Hamilt…
The damage done by recessions and how to respond
Automatic stabilizers are designed to expand during an economic downturn and contract during an expansion—providing timely and temporary fiscal stimulus. Boush…
How stabilizing has fiscal policy been?
Louise Sheiner and Michael Ng investigate the cyclicality of fiscal policy over the past 40 years, finding that fiscal policy has been increasingly countercycl…
Unemployment insurance and macroeconomic stabilization
Low recipiency rates and an imperfect Extended Benefits program weaken the unemployment insurance program’s effectiveness during recessions. Gabriel Chodorow-R…
Strengthening SNAP as an automatic stabilizer
The Supplemental Nutrition Assistance Program (SNAP) is both an effective antipoverty program and a natural automatic stabilizer, expanding when the economy is…
Recession Ready: Fiscal policies to stabilize the American economy
Slowdowns in the economy are inevitable. While it may be tempting to rely on Federal Reserve policy as a lone response to recessions, this would be a mistake; …
Infrastructure investment as an automatic stabilizer
Transportation infrastructure investment during economic downturns often occurs too slowly—and in insufficient quantities—to help stabilize the economy. Andrew…
