Jason Furman

On April 27 and 28, experts examined the economic policy response to COVID-19 and identified lessons for future recessions. Catch up with the recording.

Reviews the macroeconomic impact of the breadth of the economic policy responses that produced a recovery that, while stronger than generally anticipated and stronger than those of other advanced economies, has also been accompanied by an unwelcome increase in inflation.

On Monday, June 8, The Hamilton Project at the Brookings Institution and the Washington Center for Equitable Growth hosted a webcast discussing the importance of expanding aid to state and local governments as part of the continued fiscal policy response to the COVID-19 pandemic.

Taxation is an enduring focus of economic policy debates. This book presents a series of policy options, authored by leading tax experts and backed by rigorous analysis, to increase federal revenue in ways that are both efficient and equitable. The policies include better tax enforcement, improved, corporate taxation, increased taxation of wealth, and taxes on some transactions. 

A proposal by Jason Furman offers several reforms to the corporate tax code to improve the tax base and increase tax rates. This combination makes it possible to increase growth, well-being, and revenue.  

On January 28, The Hamilton Project at the Brookings Institution hosted a forum to explore how our nation’s tax code can most effectively provide for a strong government that promotes widespread economic well-being and reduced inequality.

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; we know that fiscal stimulus is effective. Rather than wait for a crisis to strike before designing discretionary fiscal policy, we would be better served by preparing in advance. Enacting evidence-based automatic stabilizer proposals before the next recession will help the next recovery start faster, make job creation stronger, and restore confidence to businesses and households.

In the face of large declines in tax revenues and increased demand for state programs during and after recessions, state governments are often forced to raise taxes, cut programs, or both. In order to protect state Medicaid programs and counteract recessions, Matthew Fiedler, Jason Furman, and Wilson Powell III propose to automatically increase the federal share of expenditures under Medicaid and the Children’s Health Insurance Program when a state’s unemployment rate exceeds a threshold level.

On September 28, The Hamilton Project at the Brookings Institution hosted a forum to explore the most effective policy options to foster place-based policies for shared economic growth.

On September 26, The Hamilton Project at Brookings hosted a forum on wage growth in The United States. The forum explored several key questions, including: What can and should be done to promote the economic growth that will lead to higher earnings for more American workers? How do we ensure that these gains are broadly shared, resulting in robust wage growth for as many workers as possible? In conjunction with this event, The Hamilton Project released a new framing paper exploring wage trends and their underlying economic determinants that underlie them.

The last decade’s decline in productivity—coupled with very low interest rates and declining public investment—presents a challenge and an opportunity for economic policy. In response, many policymakers and experts have proposed investments in public infrastructure, raising questions about which types of infrastructure projects are worth pursuing and how to finance them effectively. On February 7, The Hamilton Project hosted a policy forum exploring fiscally responsible policy options for funding and financing infrastructure investments.

Following the enactment of the Affordable Care Act, many observers have agreed that new and forward-thinking policy solutions are needed to confront the enduring economic challenges in health care and health insurance markets. On October 7, The Hamilton Project hosted a policy forum addressing these economic challenges in an evolving health care market. The Council of Economic Advisers Chairman Jason Furman delivered framing remarks.