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Brad DeLong is a professor of economics at U.C. Berkeley and was U.S. Deputy Assistant Secretary of the Treasury from 1993 to 1995. He blogs regularly at delong.typepad.com.- more about Brad DeLong »
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- More Central Bank Independence: Pulling the Fed Out of the Corner
- Brad DeLong submits: Tim Duy thinks that the Federal Reserve has backed itself into a corner. He is right that the Fed because it was independent was in a "better position to raise regulatory and supervisory roadblocks during the debt build-up compared to other, more politically susceptible agencies."...
- External links 2009-11-23
- Deficit Spending Is Fueling the Recovery
- Brad DeLong submits: Deficit Spending and the Recovery: Talking Points for KQED Forum Morning Appearance, September 4, 2009, 9 AM PDT, 88.5FM, San Francisco It truly is remarkable: the Republican-leaning economists who make a living by selling their analyses of the economy to manufacturing firms...
- External links 2009-09-06
- American Medium-Term Fiscal Policy Going Forward: Insist on Real PAYGO
- Brad DeLong submits: Bob Williams writes: TaxVox: the Tax Policy Center blog: Rosanne Altshuler and I have argued in recent posts that Washington will be hard pressed to close our ongoing budget gap with politically palatable tax increases.... But what about the spending side of the...
- External links 2009-08-18
- Why Aren't We Undergoing Another Great Depression?
- Brad DeLong submits: Paul Krugman's answer: Averting the Worst: So it seems that we aren’t going to have a second Great Depression after all. What saved us? The answer, basically, is Big Government.... [T]he economic situation remains terrible... we’re... nine million jobs short of...
- External links 2009-08-10
- What Did New York Fed Chief William Dudley Actually Say About Monetary Policy?
- Brad DeLong submits: Someone Is Saying Something Wrong on the Internet in the Pages of the Wall Street Journal! My friend Mark Thoma is trying to diminish my quality of life by emailing me links to Donald Luskin writing in the Wall Street Journal: by Brad...
- External links 2009-07-31
- Revolt of the Stenographers
- Brad DeLong submits: At the moment, at the top of nytimes.com are four stories: A pretty good story by Mark Mazzetti and David Johnston filling in details in stories reported at lest three years ago by Ron Suskind in his The One Percent Doctrine--and, of...
- External links 2009-07-26
- Barry Eichengreen Is Wrong: We Need to Pass a Bigger Stimulus
- Brad DeLong submits: Barry Eichengreen said he never understood the math of the stimulus: All Stimulus Roads Lead to China: Now that the “green shoots” of recovery have withered, the debate over fiscal stimulus is back with a vengeance. In the US, those who argue for...
- External links 2009-07-24
- Few Green Shoots Expected in the Bond Market
- Brad DeLong submits: Paul Krugman has a chart: and writes: by Brad DeLong
- External links 2009-07-09
- Forensic Table Reading: Explaining the Bush CEA Forecast
- Brad DeLong submits: In email, lurkers are questioning my claim that: Forecasting the Obama Economy: ...what happened to the Mankiw CEA over the winter of 2003-2004, when high politics appears to have reached down into the forecast, changed the table for payroll employment (and only payroll...
- External links 2009-07-04
- How to Forecast the Obama Economy?
- Brad DeLong submits: David Leonhardt writes: Mistake by Obama’s Advisers in Predicting Job Losses: In the weeks just before President Obama took office, his economic advisers made a mistake. They got a little carried away with hope. To make the case for a big stimulus package,...
- External links 2009-07-01
- Should Greenspan Have Pushed Market Rate Interest Higher?
- Brad DeLong submits: Now other people are weighing in. Here are a bunch of smart reactions to my "Sympathy for Greenspan" piece. First, some scene-setting: by Brad DeLong
- External links 2009-07-01
- Anyone Have a Good Feeling About the Next Employment Report?
- Brad DeLong submits: I certainly don't. And once again I am reminded of the two rules for understanding the world: by Brad DeLong
- External links 2009-06-26
- Five Points to Eliminate Confusion About the U.S. Macroeconomy
- Brad DeLong submits: Comment on Christina Romer (2009), "The Lessons of 1937": Let me make five points to eliminate or refute or at least to fight against or lay down a marker that there is--well, call it "confusion" about what the right state of American macroeconomy should be....
- External links 2009-06-19
- A Socratic Dialogue: Fearing the Collapse of U.S. Treasury Bond Prices
- Brad DeLong submits: Meno: I haven't seen you since spring classes ended. Adeimantos: I have been away: Paris. London. Frankfurt. by Brad DeLong
- External links 2009-06-13
- Fiscal Policy in Second Half of 2009
- Brad DeLong submits: A DRAFT of a letter I might send next week: Dear President Obama-- At the end of 2008, when your incoming administration was preparing your recession-fighting strategy, your forecasts were that the recession would bottom out in August of 2009, with...
- External links 2009-06-07
- Social Security: Time to Uncap FICA
- Brad DeLong submits: For nearly thirty years--ever since the Republican congressional barons of 1982 begged Reagan to allow them to increase taxes and then figured out that a tax increase that would "save Social Security" was one that he would accept--the rest of the federal budget has ridden...
- External links 2009-08-18
- We Have One-Third of a Great Depression
- Brad DeLong submits: By the employment-to-population ratio metric, the recession is now twice as deep as any post-1960 recession. At 59.2%, the employment-to-population ratio stands 4.1 percentage points below its December 2006 cyclical high--and 5.5 percentage points below its April 2000 all time high. by Brad...
- External links 2009-09-06
- What the U.S. Long Bond Market Is Telling Us
- Brad DeLong submits: Paul Krugman reads the tea leaves in what looks like the best piece of economic analysis I have read this month. When we do the things we do well, this is the kind of thing we do: Interest rates: the phantom...
- External links 2009-11-22
- The Puzzles of U.S. Political Economy Today
- Brad DeLong submits: Three points to serve as background: First of all, from the day after the collapse of Lehman Brothers, the policies followed by the U.S. Treasury and the U.S. Federal Reserve and the U.S. administrations have been very helpful. They have been good ones....
- External links 2009-11-22
- Comparing Debt-to-GDP Ratios with Presidential Terms
- Brad DeLong submits: Annual change in the U.S. federal debt-to-GDP ratio, and presidential term averages: Source: CBO Current-Law Baseline Ford had bad luck--his presidency coincided with a down phase of the business cycle. But other than Ford, the contrast between the Democrats and the...
- External links 2009-11-19
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