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How will the country's third COVID-19 stimulus package impact state and local governments? Included in the $1.9 trillion plan is $350 billion for states, territories, tribal governments, cities, and counties “to mitigate the fiscal effects stemming from the public health emergency.” Linda Bilmes explains what local governments need and how this new measure can help.

Leverage, financial crises, and policies to raise economic growth: A conversation with Raghuram Rajan

Kevin Hassett, chair of the White House Council of Economic Advisers offered a vigorous defense of President Trump’s economic policies during an appearance at the John F. Kennedy Jr. Forum. Hassett was interviewed by Jason Furman, professor of the practice of economic policy, during the annual Malcolm H. Wiener Lecture on International Political Economy.

Recent paper
From Richard Zeckhauser

The president promised to cut the US trade deficit. His tax law will widen it

Professor Jeffrey Frankel argues that just as happened after President Reagan's tax cuts in the 1980s, President Trump's cut is almost certain to widen the budget deficit and fuel growth in the U.S. current-account deficit.

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