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Commentary

The daily commentary section provides insights on complex issues in a brief and digestible format. Here you can find analysis of changing economic conditions and original perspectives on how the economy is affecting policy debates.

Rubio’s Health Plan Is a Fresh Breeze

Tom Miller | 03/27/2015

As the starting gate loads for the large field of 2016 presidential candidates in the Republican party, there has not been much differentiation thus far in what the leading contenders have said about health policy.

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Will Welfare Reform Increase Upward Mobility?

Scott Winship | 03/26/2015

One possible force for greater upward mobility is the welfare reforms of the 1990s. Hear me out, because I think the case is stronger than is generally admitted. We probably won’t know the answer for a few more years, because the oldest children born in the 1990s are only 25 years old today, and the youngest are barely 15 years old.

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Research

e21 spotlights and directly supports new research that's necessary to develop innovative economic policy solutions for the 21st century. This section highlights in-depth research papers from a range of academics, economists and thinkers across the political spectrum, fostering creative nonpartisan policy solutions to pressing economic concerns.

http://www.economics21.org/files/pdf/SOMC%20Policy%20Statement%20March%202015.pdf

Shadow Open Market Committee Statement: Rules-Based Guidelines for Monetary Policy Normalization

SOMC | March 20, 2015

The economy is growing, labor markets have improved dramatically, and inflation is forecast to return to two percent over the intermediate term. However, the Fed still expresses extreme caution about normalizing monetary policy, citing myriad concerns, ranging from sluggish wage growth and low inflation to foreign economic and political risks, which might delay the date at which interest rates finally lift off their zero lower bound. This creates the potential for an erosion of the FOMC’s credibility and suggests the Fed lacks a clear strategy for getting monetary policy back on track.

http://www.economics21.org/files/pdf/Levy_0.pdf

Economic Performance: Sound Cyclically but Longer–Run Concerns

Mickey D. Levy | March 20, 2015

Economic growth since the deep recession of 2008-2009 has been modest but balanced, and momentum is now building.  The outlook for sustained cyclical growth is favorable.  So far this expansion, the pace of growth has been dampened by real and financial adjustments following the unsustainable debt and housing bubbles, along with harmful economic and regulatory policies.  Not surprisingly, the Fed’s unprecedented monetary stimulus has been largely ineffective in addressing the real, nonmonetary constraints.  As these post-crisis adjustments conclude, economic performance will strengthen in 2015-2016, supported by the Fed’s aggressive monetary accommodation and lower energy prices. 

Morning eBriefs

Each weekday morning, e21 delivers a short email that provides a snap shot of the day's economic news. These eBriefs include e21 exclusive commentaries and the latest market news and updates from Washington.

Multimedia

What Is Next for the Fed?

Caroline Baum and Marvin Goodfriend discuss the Shadow Open Market Committee's core principles and monetary policy.

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Why Your Plan Was Cancelled: Health Insurance and the Affordable Care Act

There's a bizarre reason why millions of Americans saw their health plans cancelled in 2013 and, as explained in a new video featuring Robert Graboyes of the Mercatus Center at George Mason University, millions more will lose their plans in years to come. 

Insurance coverage for Americans will remain in permanent turmoil because the Affordable Care Act (ACA) requires that all plans fit within cookie-cutter designs called "metallic tiers." (The tiers—bronze, silver, gold, and platinum—refer to the percentage of medical expenses a particular plan pays.) The video also explains that families may have to switch plans repeatedly because, as circumstances change, a plan that fits within a tier one year may not fit in any tier in a later year.

Please see Dr. Graboyes’ op-ed on this issue (Under Obamacare, Americans Will Continue to Lose Coverage) http://www.usnews.com/opinion/economic-intelligence/2014/09/22/under-obamacare-americans-will-continue-to-lose-coverage

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