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Author:Altig, David E. 

COVID-19 Caused 3 New Hires for Every 10 Layoffs

Reports about the economic fallout from the coronavirus pandemic and efforts to slow its spread make for grim reading. One especially grim statistic is the number of layoffs. Since early March, just over 28 million persons have filed new claims for unemployment insurance benefits (roughly 30 million if you seasonally adjust).

Working Paper
Social Security privatization: a simple proposal

A proposal for a U.S. Social Security reform that gradually, but ultimately fully, privatizes the system. This proposal follows the no-harm, no-foul principle in that it preserves the benefits of older generations and yet promises the same or higher retirement benefits for the young.
Working Papers (Old Series) , Paper 9703

Journal Article
A simple proposal for privatizing Social Security

An argument that shifting to a privatized, funded and contribution-based Social Security system could provide undiminished benefits to current retirees while simultaneously preserving the promise of a secure retirement for today's workers and their descendants.
Economic Commentary , Issue May

Journal Article
Federal credit and insurance programs: beyond the deficit diversion

An examination of the budgetary and economic effects of federal credit and insurance programs, highlighting the problems inherent in making federal budget deficits the centerpiece of fiscal decisionmaking.
Economic Commentary , Issue Nov

Journal Article
Okun's law revisited: should we worry about low unemployment?

A review of the connection between labor resource utilization and the growth/unemployment correlation summarized by Okun's law, showing that the instability of that relationship, particularly over short time horizons, has important implications for monetary policy.
Economic Commentary , Issue May

Conference Paper
Computable general equilibrium models and monetary policy advice


Journal Article
Is noninflationary growth an oxymoron?

A review of the theoretical and empirical case for disinflationary economic growth, showing that, contrary to popular wisdom, it is quite possible to have a booming economy without an acceleration in the price level.
Economic Commentary , Issue May

Journal Article
Fiscal policy and fickle fortunes: what’s luck got to do with it?

The author contends that luck has played a major role in the fiscal fortunes of the 1990s. He (along with many others) is therefore concerned about the unquestioned presumption that projected budget surpluses are as good as achieved. Such a presumption, he says, is a shaky foundation from which to launch major new budget initiatives.
Economic Commentary , Issue Apr

Journal Article
Health care reform from a generational perspective

An analysis of the intergenerational tax burdens that are likely to arise under the Clinton administration's health care reform proposal as well as under two alternative plans, examining the potential redistributive effects of each.
Economic Commentary , Issue Apr


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