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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.
Piketty’s Historic Minimum Wage Errors

Professor Thomas Piketty of the Paris School of Economics has come to America to tell us that many of our problems could be solved with higher taxes on wealth and an increase in the minimum wage. Sunday’s New York Times called him a Rock Star. 

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Reaction

Economic policy debates in the 21st century evolve quickly and part of e21's mission is to provide a forum for around-the-clock reactions. In this section, you can find posts from leading economists, scholars and writers on what's happening in the global economic landscape.
Muni Investors Beware: If You Get Burned, You Deserve It

Detroit's bankruptcy has provoked a considerable amount of debate about how the municipal bond market is changing. The city's emergency financial manager, Kevyn Orr, has even declared that he would treat a chunk of Detroit's general obligation bonds, traditionally considered the safest local debt, as unsecured borrowing.

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In-Depth 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.
Making Central Banks More Resistant to Political Pressures and Fads

This paper was presented April 13, 2014 at the International Monetary Fund’s Spring 2014 Meetings, in the session entitled “Can or Should Central Banks Remain Fully Independent Despite a Wider Mandate and Considerable Fiscal Pressure?”

Over the first 100 years of Federal Reserve System history, the United States enjoyed both price stability and the absence of banking crises in only about a quarter of those years. Allan Meltzer’s (2003, 2009, 2010) three volume history of the Fed (and the voluminous literature on Fed history published before and since)[1] document that two main influences explain persistent Fed failure: politicization of Fed decisions (especially to elicit Fed assistance in accomplishing short-term fiscal or electoral objectives of the Administration), and model misspecification (reflecting the limits of Fed knowledge about the economy).

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Morning eBrief

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.
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