The Budget Lab at Yale is a non-partisan policy research center dedicated to providing in-depth analysis of federal proposals for the American economy.
The Budget Lab at Yale has launched! Our non-partisan policy research center will provide in-depth analysis for federal policy proposals impacting the American economy. The Budget Lab aims to fill a critical gap in policy evaluation. Read more:
Budget Lab Director of Economics
@ernietedeschi
spoke with
@NPR
's
@HorsleyScott
about the Federal Reserve and the US Economy.
"What's underpinning the Fed's concern and mystery is economic strength, not economic weakness" - Ernie Tedeschi
Read
@petercoy
@nytimes
latest column that cites the new Budget Lab report from
@ernietedeschi
"Political Risks to the U.S. Safe Harbor Premium"
Peter Coy's column:
@ErnieTedeschi
spoke to
@HansNichols
@axios
about wage growth and the US economy. "The good news is that wage growth has been outpacing inflation for more than a year. But it will take more of that before consumer attitudes about prices brighten back up."
@ernietedeschi
spoke with
@RichardRubinDC
for his recent
@WSJ
article: “We have to think about the unforeseen consequences of this,” said Ernie Tedeschi, a former Biden administration economist who is now at Yale University’s Budget Lab. “Money finds a way to game the system.”
Director of Economics at The Budget Lab
@ernietedeschi
spoke with Rogé Karma for his article in
@TheAtlantic
"The Inflation Plateau"
“The excess inflation we have left is in a few esoteric areas that reflect past price increases" - Ernie Tedeschi
Watch The Budget Lab Launch event at the National Press Club! Thank you to
@ShalandaYoung46
,
@greg_ip
, Josh Bolten, and
@djheakin
for participating in the event and discussing how to innovate US policy analysis.
"Martha Gimbel, a former economic advisor in the White House, notes that the ten-year budget window - the main time frame for evaluating fiscal effects - is biased against investments in children and the environment."
.
@ernietedeschi
wrote about R* – the "most important unobservable economic concept at the moment."
Tedeschi explains the long and short-term run of the natural rate of interest and theorizes about the effects of the pandemic, the impact of fiscal and political risks, and why it
Gimbel: "I would become a lot more concerned if political dysfunction and political risk increases. When you've seen some of the credit ratings agencies downgrade U.S. debt, one of the things they've mentioned is political risk in the United States."
"US enjoys a safe harbor investment premium—a value that investors place on US safety, soundness and stability. Even a relatively modest move in risk premia would have profound implications for the US."
Natasha Sarin's latest Washington Post op ed:
"Policy makers should grapple with not just the costs- but also the benefits - of investment."
That's why The Budget Lab has launched aimed at providing this needed analysis.
As improvement in the employment rate for prime-age workers has slowed markedly in recent months – it’s time to start asking – is this a sign of post-pandemic normalization, an economy heading towards full employment, and a soft landing…or of something more worrisome? 1/