Director, Hutchins Center on Fiscal & Monetary Policy, Brookings institution. Contributing correspondent, The Wall Street Journal

5 questions about the Bank of Japan’s regime change | Brookings Institution — The Bank of Japan's recent regime change has drawn renewed attention to its monetary policy experimentation. First, the BOJ committed to overshooting its 2 percent inflation target. Second, it will...

Student Loans: Don’t Call It a Crisis — Lyndon Johnson didn't invent student loans, but he probably was the most influential student borrower ever. When he graduated from Southwest Texas State Teachers College in 1930, he had $275 in debt ($3,900 in today's dollars). LBJ never forgot that debt. As a member of Congress, he pushed for a federal student loan program; as president, he succeeded.

Men not at work | Brookings Institution — The job market is much better than it was during the worst of Great Recession. The acute pain is past, but chronic problems remain. About 7 million American men between the ages of 25 and 54 - mostly too old to be in school and too young to retire - are neither working nor looking for work; another 2 million are looking for work but haven't found it.

A conversation with Governor Haruhiko Kuroda, Bank of Japan | Brookings Institution — The Bank of Japan faces one of the biggest challenges in central banking today: An economy with a shrinking population, persistently slow economic growth, huge government debt and deflationary pres...

IMF Economists to World Leaders: You Are Not Out of Economic Ammo (Yet) — DOW JONES, A NEWS CORP COMPANY News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. David Wessel is director of the Brookings Institution's Hutchins Center on Fiscal & Monetary Policy and a contributing correspondent to The Wall Street Journal.

Memo from top IMF economists to world leaders: You are not out of economic ammo (yet) | Brookings Institution — Amid the ever-gloomier outlook for long-term economic growth of the world economy, a team of top economists at the International Monetary Fund are offering a ray of hope: Even though interest rates around the world are bumping along the floor and government debt loads are heavy, they say that there is still room for fiscal, monetary and structural policies to lift global growth provided they are "comprehensive, consistent and coordinated."

Productivity and Election 2016 | Brookings Institution — Only half of all Americans tell public opinion pollsters that they expect today's young people to have a better life than their parents, a remarkably pessimistic view given the economic and technological progress that the U.S. has enjoyed over the past several generations.[1] Will those pessimists be proven correct?

Hutchins Roundup: Long-term unemployment, state lotteries, and more | Brookings Institution — Studies in this week's Hutchins Roundup find that the poor labor market outcomes of the long-term unemployed are a direct result of long unemployment spells rather than of poor employment prospects from the outset, children from households winning a state lottery are only modestly more likely to go to college, and more.

Economic issues in the presidential election | Brookings Institution — David Wessel, senior fellow and director of the Hutchins Center on Fiscal and Monetary Policy, looks at Hillary Clinton's and Donald Trump's different approaches to policy issues including taxes, family leave, and trade.

On the merits of monetary policy rules: Narayana Kocherlakota vs. John Taylor | Brookings Institution — Narayana Kocherlakota of the University of Rochester, a former president of the Federal Reserve Bank of Minneapolis, recently challenged what he described as the unhealthy fixation of Fed policymakers-and the economic profession-on relying on rules for setting interest rates, such as the high profile Taylor Rule devised by Stanford economist John Taylor.
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