Among the many lessons of the 2008 financial crisis and its aftermath in the United States is that there is no good reason to start worrying about debt when unemployment remains high and interest rates low. The hasty embrace of austerity derailed the last recovery, and it must not be allowed to do so again. Continue Reading
The past four years of US protectionism and unilateralism will serve as a lasting reminder of how not to conduct trade policy in the twenty-first century. The Trump administration has utterly failed to achieve any of its stated objectives, and the incoming Biden administration will have to act quickly to repair the damage. Continue Reading
Jackson Hole Economics is a private research organization which provides commentary and analysis on economics, politics, the environment and finance, and develops actionable ideas for how sustainable growth can be achieved.
For ESG investing to succeed, it needs recognition of its normative underpinnings and approaches that incorporate human, not algorithmic, decision-making. Continue Reading
Promoting recovery with all tools – monetary, fiscal and public health – should be the sole macroeconomic priority of the Biden Administration, as well as for governments in Europe and Japan. It is time to jettison fiscal orthodoxy. Continue Reading
