Karen Dynan

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Articles

Leaning on the Fed (Updated)

2 months ago | econofact.org | Michael Klein |David C. Marlett |Daniel Bergstresser |Karen Dynan

William McChesney Martin, Jr., the Chairman of the Federal Reserve from 1951 – 1970, famously quipped that a common role of the Federal Reserve is to take away “the punch bowl …just when the party was really warming up.” Removing the punch bowl may not be a popular choice. But both theory and evidence show the advantages of having a central bank that has a reputation for not bowing to political pressure. Good reputations are hard to establish and easy to destroy.
US-China relations and economic outlook

Nov 22, 2024 | piie.com | Martin Chorzempa |Mary E. Lovely |Adam Posen |Karen Dynan |David Wilcox

The Peterson Institute for International Economics (PIIE) with the China Finance 40 Forum (CF40), a leading independent think tank in China and longstanding PIIE partner in deepening US-China understanding, hold the seventh China Economic Forum on December 12, 2024.
US Debt, Problems, and Fixes

Jun 26, 2024 | angrybearblog.com | Karen Dynan

Discussing US Debt looked interesting enough to post on Angry Bear. I do not agree with the proposed fixes as I believe there are other fixes which would resolve the issues mentioned. Perhaps you have better ideas? Addressing Rising US Debtby Karen DynanUnited States Federal debt rose sharply after the Great Recession. At 98% of gross domestic product (GDP) in 2023, it is close to its highest level ever.
U.S. Defense Spending in Historical and International Context

May 14, 2024 | econofact.org | Michael O'Hanlon |Alberto Cavallo |Karen Dynan |Jay Shambaugh

Defense spending is a large enough part of the federal budget to have relevant economic implications, and it can be especially important for locales where bases are situated. Defense spending also has a record of fostering research and development of new technologies. But the core reason for these expenditures are, naturally, national defense.
Investment in US factories has soared since the end of 2022

May 1, 2024 | piie.com | Karen Dynan

Real business investment in manufacturing structures in the United States has risen sharply since the end of 2022. The amount of investment in this category in the first quarter of 2024 was about 80 percent higher than the amount at the end of 2022. “Industrial policy” legislation enacted in recent years likely helped fuel this sharp increase.
Immigration has helped boost US economic growth

Apr 26, 2024 | piie.com | Karen Dynan

Immigration into the United States has surged in recent years, and it has boosted economic growth. Based on an analysis of records from the Department of Homeland Security and other sources, the Congressional Budget Office (CBO) has substantially revised up its estimates of net immigration into the United States. CBO now estimates net annual immigration averaged 3 million in both 2022 and 2023 and projects that this year’s pace will be high as well.
The Need for Increasing Private Sector Funding of Climate Solutions

Nov 30, 2023 | econofact.org | Galina Hale |Karen Dynan |Michael Klein |Francesc Ortega

· University of California, Santa Cruz Many of the mitigation solutions needed to limit further climate change by reducing greenhouse gas emissions already exist. There are also many existing strategies to protect people, property, and nature from the damages that are already occurring and are likely to get worse, so-called “adaptation solutions” — such as fire and flood abatement strategies.
Global Economic Prospects: Spring 2023

Mar 9, 2023 | piie.com | Karen Dynan |Anna Gelpern |Jacob Funk Kirkegaard |Adam Posen

Event SummaryThe Peterson Institute for International Economics (PIIE) will present its semiannual Global Economic Prospects outlook for the US and global economies, including inflation and its implications for monetary policy. Experts also will address recent developments in the banking sector and the European economy.