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March 1, 2017

United States
The President’s Economic Agenda: the Fight Begins

President Trump’s address to a joint session of Congress last night highlighted the central economic themes that animated his campaign: a tougher policy on immigration and trade, a focus on infrastru…

January 30, 2017

Economics
The Long-Term Economic Costs of the President’s Executive Order on Immigration

For all the human disruption and confusion associated with President Trump’s executive order on immigration released on Friday, it is also worth noting the potential for substantial negative macroeco…

December 5, 2016

Europe
After the Italian referendum: a treacherous period for banks and growth

The post-referendum market response to Italy’s referendum mirrored the reaction following the Brexit and U.S. election votes: calm after a knee-jerk negative reaction.  After all, not much has change…

November 9, 2016

United States
The President’s (Economic) Inbox

The election of Donald Trump creates extraordinary uncertainty about the future course of U.S. economic policy. Markets don’t like extreme unknowns, and there are valid reasons to fear that Trump’s p…

October 6, 2016

United States
A Muslim Travel Ban and the U.S. Economy

Comments today from Mike Pence have put the spotlight back on Donald J. Trump’s call to restrict Muslim travel to the United States. In the attached note, Heidi Crebo-Rediker, Ted Alden and I look at…