... ; enforce federal laws against voter discrimination; and restore voting rights in federal elections to convicted felons who are out of prison. The legislation would also take several important steps t ...More
EJ Insight2021-03-31
... at the US Federal Reserve introduced in spring 2020 has lowered short-term interest rates to zero, and Fed Chair Jerome Powell has repeatedly pledged to leave rates at that level for several years. A ...More
EJ Insight2021-03-26
... ly by the federal government to foreign creditors. The Chinese state increased its share of net national wealth through rapid improvements in public infrastructure that benefited ordinary people rathe ...More
EJ Insight2021-03-25
... 波士頓聯邦儲備銀行（Federal Reserve Bank of Boston）與麻省理工學院（MIT）的學 ...全文
名家論壇Project Syndicate2021年03月23日
... of the US Federal Reserve, the announcement of these measures during 2020 coincided with investment-grade corporate bonds’ peak spread. “Coincided” is the key word here. It is not clear whether these ...More
EJ Insight2021-03-23
... 、亦即聯邦基金利率（federal funds rate）提供一個下限：既然銀行可以零風險賺到IOER，在聯邦 ...全文
... ower as a federally owned corporation, the TVA could expropriate land in the name of the public interest and command substantial federal resources. Yet despite its success in transforming one of the p ...More
EJ Insight2021-03-17
The idea of a digital dollar has been in the air for some time now. Recently, it descended from the ether to the lips of US Treasury Secretary Janet Yellen and Federal Reserve Chair Jay Powell. At an ...More
EJ Insight2021-03-11
... ends, the Federal Reserve Bank of Atlanta’s much-watched (and notably volatile) GDPNow model now estimates annualized first-quarter GDP growth to have reached around 10%. This notable economic pickup ...More
EJ Insight2021-03-10
Back in 1992, Lawrence H. Summers, then the chief economist at the World Bank, and I warned that pushing the US Federal Reserve’s annual inflation target down from 4% to 2% risked causing big problems ...More
EJ Insight2021-03-05
... by the US Federal Reserve and Department of the Treasury through quantitative easing (a form of Modern Monetary Theory or “helicopter money”). A growing chorus of critics warns that this approach coul ...More
EJ Insight2021-03-03
... at the US Federal Reserve – the de facto global central bank – will be forced to hike rates, potentially bursting asset-price bubbles around the world. But while markets are probably overstating short ...More
EJ Insight2021-03-02
... 4% of the federal budget (compared to 0.48% today). We will need more international cooperation (including with China) as well. To that end, my colleagues and I recently published a series of papers a ...More
EJ Insight2021-03-01
... nt in the Federal Reserve’s ability to control inflation and interest rates for a long time. Although it is too early to drive portfolio investment decisions, there are concerns about how this level o ...More
EJ Insight2021-02-26
... 了《聯邦儲備法案》（Federal Reserve Act），隨之成立的聯邦儲備局，便接收市場決定利率的大權， ...全文
... t for the federal government but also for the states and municipalities that are now starved of the funds they need to provide essential services. Opponents of the Biden plan also disingenuously warn ...More
EJ Insight2021-02-02
... sponsible Federal Budget)總裁Maya MacGuineas表示，CBO報告反映美國經 ...全文
... stabilize federalism with some $350 billion in support for state and local governments whose tax bases have imploded. Such funding is urgently needed to keep teachers, firefighters, police, and other ...More
EJ Insight2021-01-29
... America’s federal stimulus measures have been silent on climate with few conditions of any kind. Within the US, individual states’ responses to the COVID-19 crisis reflect different variants of capita ...More
EJ Insight2021-01-18
