Bruce Yandle | Mar 01, 2013
There was only one lane open as I made my trip to Atlanta; the other three were blocked with those unhappy yellow and black make-believe barrels used by the highway folks. Traffic flow was constrained by efforts to repair potholes and broken pavement. We in the slow lane had little choice in the matter. Instead of 70, we were slowed to 20 miles per hour. We had to accept our fate, or find another route at the next exit.
Bruce Yandle | Mar 06, 2012
With hope riding high for a stronger 2012 economy, treating the economy like a Washington-directed marionette is not the way to go.
Veronique de Rugy, Matthew Mitchell | Sep 12, 2011
Four years into the deepest recession since World War II, the U.S. economy expanded at a rate of only 0.7 percent in the first half of 2011. This means that the economy is growing at a slower pace than the population and that capita output continues to fall. In response, the president has announced a plan for yet more deficit-financed stimulus spending.
Bruce Yandle | Sep 06, 2011
In this quarterly economic situation report, Bruce Yandle discusses how the economy has changed since May 2011.
Garett Jones, Daniel M. Rothschild | Aug 30, 2011
How did the $787 billion American Reinvestment and Recovery Act (ARRA) affect the U.S. economy?
Garett Jones, Daniel M. Rothschild | Aug 30, 2011
To address the lack of knowledge about ARRA funding, we surveyed hundreds of firms, non-profits, and local governments that received ARRA funding. We collected over 1,300 anonymous, voluntary responses from managers and employees that allow us to better understand what happened at the organizations that received contracts funded by ARRA spending. This bottom-up study of ARRA is the first of its kind. We hope that others, especially government agencies, will build upon this on-the-ground analysis.

Testimony & Comments

Research Summaries & Toolkits

Expert Commentary

By Nita Ghei |
Jul 09, 2013

Fiscal stimulus, or government spending, dominates the discussion, despite its even more complex problems of timing, knowledge, coordination with monetary policy and risk of adding to the debt burden.
Jan 02, 2013

As the nation narrowly averts the dreaded “fiscal cliff,” can Americans finally exhale with the knowledge that Washington’s last-minute deal is a good deal for them? Mercatus Center at George Mason University scholars suggest the following key questions to help gauge whether the fiscal cliff deal is a real step toward improving the nation’s dire fiscal outlook.
By Antony Davies, James R. Harrigan |
Dec 19, 2012

In early 2009, President Obama predicted that his American Recovery and Reinvestment Act would "jump-start our economy," "create new jobs," and provide "many years of economic growth." He claimed that this growth would "cut the deficit in half by the end of [his] first term in office" and put "our nation on sound fiscal footing." Terrified of a repeat of the Great Depression, Americans supported the president's plan for more than $1 trillion in new government spending.
Jun 11, 2012

The findings of CBO’s gloomy long-term report come as no surprise. Over the most recent four years, the U.S. government has engaged in continued massive deficit spending on a scale not seen since World War II. CBO finds that the continuation of such policies in future years will lead to federal fiscal ruin and severe economic hardship.
Apr 24, 2012

How could that possibly be? How could extra government spending shrink the private sector? Well, in the simplest Keynesian model, it can't. You have to add some bells and whistles--let's call that "reality"--to get a multiplier less than one.
Apr 03, 2012

If the economy has been steadily improving for the past 30 months, then why have repeated Gallup polls on economic confidence shown people to be consistently dissatisfied with the economy?


In these charts, Veronique de Rugy examines the impact that the president's FY2013 budget would have on government spending.



Antony Davies | December 28, 2012
Antony Davies discusses the Fiscal Cliff on KDKA Radio.

Recent Events

What does the unemployment rate really mean? Does it suggest our economy is slowly growing, stuck in neutral, or in fact slipping back into recession? Do the monthly numbers on total jobs created and the unemployment rate tell the full economic story? In order to examine the results of the economic policies pursued since the Great Recession of 2008 effectively, it is critical to understand what the employment numbers mean and what information lies behind them.

Media Clippings

Daniel M. Rothschild, Garett Jones | Aug 25, 2013
Daniel Rothschild and Garett Jones cited at Trib LIVE.
Veronique de Rugy | Jun 19, 2013
It was refreshing to learn that other academics have come around to the view that in the intermediate and long term, a larger government inhibits growth.
Veronique de Rugy | Jul 19, 2012
Veronique de Rugy is quoted discussing the negative effects of government loan guarantees.
Matthew Mitchell | Jul 19, 2012
Matthew Mitchell quoted discussing the ill effects of cronyism.
Veronique de Rugy | Jun 26, 2012
Veronique de Rugy is cited discussing federal increases in food stamp spending.
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