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13 Aspen Economic Strategy Group Reports related to the American Jobs and Families Plans

The Biden Administration’s American Jobs Plan and American Families Plan propose over $4.1 trillion in new government spending over the next 10 years, aiming to fundamentally reshape and expand the social safety net, increase the economy’s productive potential through investments in physical and human capital, and make major public investments in green infrastructure and technology.  ...

Creating Economic Opportunity for More Americans Through Productivity Growth

The U.S. economy in recent years has been characterized by slow average productivity growth and increasing productivity dispersion within industries. In this essay, author Chad Syverson discusses research into the potential causes of these patterns and outlines several policy changes that would yield expected productivity and wage benefits under general conditions.

Securing Our Economic Future

The Economic Strategy Group's third annual policy volume focuses on the economics of the middle class, geographic disparities in economic opportunity, and U.S. policy options to address climate change.

Science and Innovation: The Under-Fueled Engine of Prosperity

Benjamin Jones (Kellogg School of Management at Northwestern University) argues that the United States is vastly underinvesting in science and innovation, hindering productivity growth. He presents evidence that increased public spending on research and development would lead to improvements in standards of living and health, enhance our economic competitiveness, and advance our nation’s capacity to ...

Foreword: Rebuilding the Post-Pandemic Economy

After suffering the worst economic shock since the Great Depression last year, the American economy is recovering in fits and starts. While many businesses are reopening their doors and thriving, others are struggling with tenuous demand, supply constraints, and higher labor costs. Americans are traveling, dining out, and resuming other activities that weren’t possible before ...

Fiscal Policy With High Debt and Low Interest Rates

Gale argues that although historically low interest rates reduce the cost of government borrowing, they are not­ a "get out of jail free card." Rising debt will slowly but surely make it harder to grow the economy, boost living standards, respond to wars or recessions, address social needs, and maintain the nation’s role as a global leader.

Climate Policy Enters Four Dimensions

David Keith (Harvard) and John Deutch (MIT) discuss mechanisms to manage climate risks, which they call the climate control mechanisms: emissions reduction, carbon dioxide removal (CDR), adaptation, and solar radiation modification (SRM). 

Internet Access and its Implications for Productivity, Inequality, and Resilience

The past year has brought an unprecedented change in the way Americans work, with millions of workers working from home and connecting to colleagues and clients virtually. In an AESG report titled “Internet Access and its Implications for Productivity, Inequality, and Resilience,” economists Jose Maria Barrero (Instituto Tecnológico Autónomo de México), Nicholas Bloom (Stanford University), ...