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Government

CEPR Statement: Inflation Reduction Act is Historic Progress

The recently passed Inflation Reduction Act (IRA) will be signed today by President Biden. The act will reduce the costs of health care, prescription drugs, and home energy bills while making real progress on climate change, creating millions of good jobs

Mark Weisbrot, Eileen Appelbaum, Dean Baker, Algernon Austin, Shawn Fremstad, Julie Yixia Cai and Hayley Brown / August 16, 2022

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Economic Growth

Inflation: Engineering a Recession

Inflation is scary, but the Fed engineering a recession causing massive layoffs of low-wage workers is far scarier.

Dawn Niederhauser / August 12, 2022

Article Artículo

Economic Policy

Thomas Edsall Can’t Even Consider That the Way We Structure Markets Creates Inequality

The framing that we somehow need government intervention to give people a shot makes it hugely more difficult to address the problems of inequality.

Dean Baker / August 10, 2022

Article Artículo

The Media Love The Terrible Economy Story: Marketplace Radio Edition

Both the Washington Post and Marketplace radio have effectively turned reality on its head to tell their terrible economy story about a statistic that actually suggests a good economy.

Dean Baker / August 10, 2022

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Inflation: A Formula for Disaster

With your support, CEPR can keep doing this important research to educate policymakers and the press.

Dawn Niederhauser / August 10, 2022

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Economic Growth

Plunging Gas Prices Lead to Flat CPI, Big Jump in July Real Wages

The July Consumer Price Index data are a mixed picture. The plunge in gas prices means money in people's pockets, but food prices are still rising rapidly.

Dean Baker / August 10, 2022

Article Artículo

If We Tax Share Buybacks, Can We Also Tax Stock Returns?

Wall Street

The taxation of share buybacks in the Inflation Reduction Act shows that we do not have to make profit the basis for the corporate income tax.

Dean Baker / August 09, 2022

Article Artículo

Preview: What to Look for in the July Consumer Price Index

Inflation in rental components increased rapidly in recent months. The Fed’s interest rate hikes had a direct impact on house sale prices, but it is unclear how or when it will impact rents.

Dean Baker / August 08, 2022

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Jobs

Economy Adds 528,000 Jobs as Unemployment Ticks Down to 3.5 Percent

The good news is that all the reports about workers’ wages not keeping pace with inflation were mistaken. The bad news is that wages are growing at a pace that exceeds the Fed’s 2.0 percent inflation target.

Dean Baker / August 05, 2022

report informe

Abortion

High Joblessness for Black Youth: More Than 500,000 Jobs are Needed

The Dobbs decision will force many Black youth to have children before they are ready.

Algernon Austin / August 03, 2022

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CEPR Sanctions Watch, July 2022

CEPR Sanctions Watch aims to help generate more awareness around sanctions by providing regular updates on US economic sanctions policy and its harmful impacts on people around the world.

Michael Galant / August 03, 2022

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Jobs

Preview: Will Job Growth Remain Strong in a Slowing Economy?

The most important question is if wage growth continuing to moderate. If wage growth stays the same or slows further, it will mean the Fed’s work is largely done.

Dean Baker / August 02, 2022

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Private Equity

How Public Real Estate Investment Trusts Extract Wealth from Nursing Homes and Hospitals

Evidence shows that REITs are financial actors that aggressively buy up property assets and manage them to extract wealth at taxpayers’ expense.

Rosemary Batt and Eileen Appelbaum / August 01, 2022

Article Artículo

Fed Needs to Make Sure That It Doesn’t Bring On the Next Recession

Interest rate hikes are threatening to cause a recession. The Fed should be able to make sure that it doesn’t make that mistake.

Mark Weisbrot / July 28, 2022

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Economic Growth

GDP Falls at a 0.9 Percent Rate, Driven by Slower Inventory Growth and Falling Housing Construction

Recession-fearing households increased spending on hotels and restaurants at a 13.5 percent annual rate in Q2.

Dean Baker / July 28, 2022

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Why Union Membership Is Good For Workers With Disabilities

Unions provide many benefits for workers, and studies suggest that these benefits are especially salient for disabled workers.

Hayley Brown / July 27, 2022

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The Semiconductor Bill and the Moderna Billionaires

Globalization and Trade

With a bit of thought, the semiconductor bill could have been designed in ways that did not redistribute income upward.

Dean Baker / July 27, 2022

Article Artículo

Sanctions

US Foreign Policy

World

How Biden’s Foreign Policy Contributes to Soaring Gas Prices and Threw the World Into Crisis — and What He Can Do About It

With Western plans to cap the price of Russian oil on the horizon, let’s hope Biden charts a more responsible course — one that recognizes that what’s best for the world is also in his own political interest.

Kevin Cashman / July 27, 2022

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The Reserves of Da Afghanistan Bank Belong to Afghanistan

To help end “hell on earth,” the Biden administration should release the full $7 billion to the central bank of Afghanistan.

Andrés Arauz / July 26, 2022

Article Artículo

Gun Violence

Gun Violence Prevention