Foreword: Economic Policy in a More Uncertain World
The Aspen Economic Strategy Group releases its fifth annual policy volume against a backdrop of historic economic and strategic uncertainty. Supply shocks resulting from a senseless Russian war in Ukraine are exacerbating already soaring energy and food prices. Increasing hostility between the United States and China is accelerating the transition to a world of rival ...
A Proposal for an Enhanced Partially Refundable Child Tax Credit
This proposal was produced in collaboration with The Hamilton Project. The proposal will be presented by Wendy Edelberg at a Hamilton Project event on March 1st and can be viewed here. INTRODUCTION The economic case for expanded income assistance to low-income families with children in this country is exceptionally strong. We have ample evidence showing ...
COP27 and Climate Inequality
Much of the conversation at COP27 has focused on economic compensation and assistance for developing countries who will likely bear the greatest damages from climate change but contribute little to overall global emissions. If carbon emissions are left unaddressed, the climate crisis will not only become more costly to global health and the global economy, ...
Lessons from COVID-19 Aid to State and Local Governments for the Design of Federal Automatic Stabilizers
In this paper Clemens and Veuger analyze pandemic-era federal fiscal assistance to state and local governments and draw lessons for the design of stabilization policy. They start by explaining why the federal government plays a key role in stabilizing state and local government budgets across the business cycle, before describing the shape this role currently ...
Aspen Economic Strategy Group Welcomes Five New Members
WASHINGTON, DC, JANUARY 22, 2024 – The Aspen Economic Strategy Group (AESG) today announced five new members have joined the sixty-five-member, bipartisan group of distinguished leaders and thinkers who share the goal of promoting evidence-based solutions to significant challenges confronting the American economy. Established in 2017 and co-chaired by former U.S. Secretaries of the Treasury ...
The Hill Op-Ed: Emerging from the COVID-19 crisis as a better and more resilient society
Our nation is facing a once-in-a-generation challenge in the COVID-19 pandemic and associated economic crisis. These events will define us for decades to come, and we can only hope that we will be defined by the wisdom and courage of our response rather than by the failures that led us to this tragic place. It ...
Washington Post Op-Ed: Americans are being left behind. Here’s how we fix it.
Many Americans are being left behind by today’s modern, global economy, and they are justifiably angry about it. Growing numbers of people feel our economic and political systems are rigged against them. And it’s no wonder why. Recent progress in low- and middle-income wage growth is a blip against decades of wage stagnation. Low unemployment ...
TIME Magazine: High Debt Threatens the U.S. Economy
The difficulty U.S. Congress has had agreeing on spending for this year and avoiding a government shutdown is an indication of just how hard it will be to deal with our longer term debt crisis. Our rising debt burden is a problem we must confront in order to preserve our nation’s ability to address the ...
Aspen Economic Strategy Group Welcomes New Members
Aspen Economic Strategy Group Welcomes New Members Leading policymakers, business executives, and academics join bipartisan group dedicated to promoting evidence-based solutions to America’s economic challenges. WASHINGTON, DC, MARCH 12, 2025 – The Aspen Economic Strategy Group (AESG) today announced that eleven new members have joined the bipartisan group of distinguished leaders and thinkers who are ...