Research and Policy Director
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May 22, 2015 | By Josh Bivens | Briefing PaperAbstract Estimates made by the Environmental Protection Agency (EPA) of the likely employment effects of a proposed rule (the Clean Power Plan or CPP) mandating reductions in greenhouse gas emissions from existing power plants are likely incomplete.
A Budget Informed by the Past, Present, and Future of the Economy: Josh Bivens at the Peterson Fiscal Summit
May 19, 2015 | By Josh Bivens | VideoEPI Research and Policy Director Josh Bivens talks about creating a budget based on lessons of inequality in the past, recovery in the present, and priorities for the future.
May 18, 2015 | By Josh Bivens | BlogThe New York Times’ Binyamin Appelbaum wrote an excellent piece yesterday on the costs and benefits of globalization. But because I’ve thought a lot about this topic, I have some hobby-horse issues concerning how economists characterize how large the gains from trade are and how its gains and losses are distributed.
May 15, 2015 | By Josh Bivens | BlogAs Jeff Faux notes, we seem to have reached the part of the debate over the TPP when facts and evidence have largely given way to table-pounding.
May 8, 2015 | By Josh Bivens | BlogRecent debates over the Trans-Pacific Partnership (TPP) have highlighted the failure of the treaty to include a provision to stop countries from actively weakening the value of their own currency in order to run trade surpluses.
May 8, 2015 | By Josh Bivens | BlogRecent weeks have seen a raft of pretty bad economic news. Last month’s jobs report showed a marked slowdown in employment growth—with 126,000 new jobs reported in March, down from the 269,000 average pace of growth that had characterized the previous 12 months. And gross domestic product in the first quarter was essentially stagnant—rising at just a 0.2 percent annualized rate. March trade data showed an enormous rise in the trade deficit, which will likely drive the revised numbers on GDP into negative territory. Given this backdrop, there was a bit more at stake than usual in today’s monthly jobs report. So, what’s the verdict? Mixed.
May 8, 2015 | By Josh Bivens | Economic IndicatorsToday’s employment report shows that the economy added 223,000 jobs in April while unemployment ticked down slightly. This provides some evidence that the fundamental pace of the recovery has likely not significantly slowed since the end of 2014—but this is no cause for celebration.
May 5, 2015 | By Josh Bivens | BlogThe White House Council of Economic Advisers (CEA) released a report last Friday touting the benefits of international trade for the American economy.
Stagnant GDP at the Start of 2015 is the Latest Evidence That the Economy Hasn’t Reached Escape Velocity
April 29, 2015 | By Josh Bivens | BlogThe Commerce Department estimates that U.S. gross domestic product was near stagnant in the first three months of 2015, further evidence that the U.S. economy has not reached escape velocity. At a minimum, this means the Federal Reserve should put off interest rate increases for the rest of 2015.
April 22, 2015 | By Josh Bivens | BlogPresident Obama has been vociferously defending the Trans-Pacific Partnership (TPP) recently. He insists that it will be good for the American middle class and that TPP’s critics arguing otherwise are wrong.
April 16, 2015 | By Josh Bivens | Briefing PaperThe Trans-Pacific Partnership will likely constitute one more step toward using commercial agreements to maximize three things: (1) the damage done through global integration to the wages of most American workers; (2) the rents earned by those holding a monopoly on intellectual property claims; and (3) the influence that the preferences of global economic elites have on the policymaking of American trading partners.
March 27, 2015 | By Josh Bivens | BlogAs I’ve noted before, as trade agreements and other legislation (Trade Promotion Authority, or TPA) get debated, you’ll see more and more bad arguments in favor of them.
March 19, 2015 | By Josh Bivens | BlogIt was widely reported yesterday that the word “patient” was dropped from the Federal Reserve statement on monetary policy. But too much focus on this one word might lead one to miss the forest through the trees.
March 4, 2015 | By Josh Bivens | BlogUpdate: Binyamin Appelbaum has made a useful change to his article that I comment on below, noting that Black workers do indeed stand to benefit disproportionately from any demand boost that keeps overall unemployment rates falling in coming years.
February 19, 2015 | By Josh Bivens | Press ReleasesStatement from the Economic Policy Institute’s Research Director Josh Bivens on the news that Wal-Mart will slowly increase their hourly wage floor: “Wal-Mart’s statement that it will be raising wages for many of its workers is obviously welcome on its face.
February 11, 2015 | By Josh Bivens | Economic snapshotLower top tax rates just are not associated with more rapid economic growth
February 3, 2015 | By Josh Bivens | BlogThis post originally ran on the Wall Street Journal‘s Think Tank blog. The White House released its annual budget on Monday for fiscal year 2016.
February 3, 2015 | By Josh Bivens | BlogAs discussions surrounding the proposed Trans-Pacific Partnership (TPP) heat up, there has been a new push to include provisions within the agreement to keep countries from managing the value of their currency for competitive gain vis-à-vis their trading partners.
January 30, 2015 | By Josh Bivens | GDP PictureToday’s data release from the Bureau of Economic Analysis reports that GDP grew at a 2.6 percent annualized rate in the last three months of 2014.
January 30, 2015 | By Josh Bivens | Economic IndicatorsToday’s data release from the Bureau of Economic Analysis reports that GDP grew at a 2.6 percent annualized rate in the last three months of 2014.
January 20, 2015 | By Josh Bivens | BlogIt’s widely expected that in tonight’s State of the Union address President Obama will call for actions to boost wages for low- and moderate-wage Americans, and also for moving forward on two trade agreements—the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP).
December 23, 2014 | By Josh Bivens | BlogPeople are excited by recent good news on the economy—especially the 321,000 jobs created in November and the 5.0 percent (annualized) growth rate posted by gross domestic product (GDP) in the third quarter of this year.
December 15, 2014 | By Josh Bivens | BlogThe Federal Open Market Committee (FOMC) will meet on Tuesday and Wednesday of this week. Word on the street is that they will shift the language they use to describe the likely future path of short-term interest rates.
December 15, 2014 | By Josh Bivens | BlogNext year, we are going to see lots of debate over trade policy. And, like clockwork, when trade policy rises to the top of policy debate, lots of bad arguments start getting thrown around on behalf of more trade agreements.
December 11, 2014 | By Josh Bivens | BlogWhat follows are lightly edited remarks made by EPI Research and Policy Director Josh Bivens at a Dec. 9 event—Managing the Economy: The Federal Reserve, Wall Street, and Main Street—sponsored by EPI, Americans for Financial Reform, and the Roosevelt Institute Project on Financialization.
December 11, 2014 | By Josh Bivens | Economic snapshotIn 2014, rising income inequality became a front-burner political issue, as policymakers and the general public became more aware of the enormous stakes for the American middle-class.
It Is Indeed Morally Odious to Put Millions of Americans Through Harrowing Pain for Political Advantage
December 4, 2014 | By Josh Bivens | BlogYesterday, Ezra wrote a piece on a now-famous interview that Chris Rock did with Frank Rich. You should read the interview, it’s great.