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On May 17, Representative Jimmy Gomez (D-CA) and six other members of the House of Representatives, all Democrats, proposed an additional stimulus measure built as an “automatic stabilizer.” The idea ...
Speaker Nancy Pelosi on Thursday endorsed an idea that many Democratic lawmakers have been pushing: to use so-called automatic stabilizers to keep critical coronavirus relief programs running without ...
This column explains the role that automatic stabilizers play in U.S. fiscal policy and provides a framework for examining their responsiveness to the next economic downturn. Traders work on the floor ...
As Noam pointed out earlier, government spending played a big part in limiting the decline in GDP last quarter -- and it was largely a result of automatic stabilizers like unemployment insurance and ...
The idea of a fourth stimulus payment is more topical than ever, as the final checks from the third payment – passed as part of the Biden administration’s American Rescue Plan Act in March 2020 – are ...