Category Archives: Regulatory Policy
Desperately Needed: Reforms to Raise Productivity Growth
The data released this week on labor productivity growth are really terrible. The growth rate has been negative now for three quarters in a row, and it was – .4 percent over the past year. Unfortunately, these data are reinforcing … Continue reading
Posted in Fiscal Policy and Reforms, Regulatory Policy, Slow Recovery
An Economic and Security Policy Blueprint for America
A timely new policy book, Blueprint for America, edited by George P. Shultz, is being released today online for the first time. The release coincides with the start of platform writing by Republicans this week and Democrats the following week, … Continue reading
Now is the Time for “Chapter 14” Bankruptcy Reform
Yesterday a “Chapter 14” bankruptcy reform passed the House of Representatives as Title XI (The Financial Institution Bankruptcy Act) of the Appropriations Bill on Financial Services and General Government. This is a very promising development. The reform would largely end … Continue reading
Posted in Financial Crisis, Regulatory Policy
Whither Economic Freedom Post-Brexit?
As events are turning out, the Brexit decision is providing an opening to revive a trend toward economic freedom and thus stronger economic growth. But will the UK leadership and their counterparts in the EU and the US take that … Continue reading
Posted in International Economics, Regulatory Policy
Solid Economic Support for Sensible Financial Reforms
Economic research, including work in the 1970s on time inconsistency, has long provided a rationale for central bank independence in conducting monetary policy. Indeed, the research encouraged the spread of central bank independence and inflation targeting around the world in … Continue reading
Posted in Monetary Policy, Regulatory Policy
New Book on Fed Oversight Reform
Recent legislation to rein in Fed power, including the Fed Oversight Reform and Modernization (FORM) Act, has generated a load of opinion pieces and acrimonious debate, but so far little in the way of in-depth policy research. The purpose of the … Continue reading
Posted in Monetary Policy, Regulatory Policy
An Economic Policy–Performance Cycle
For several years I have writing about an cycle in which economic policy swings toward and away from certain key principles of economic freedom. The poor performance of the U.S. economy during the past decade —the Great Recession, the Not-So-Great … Continue reading
Posted in Fiscal Policy and Reforms, Regulatory Policy
