By Area of Research:
February 9, 2015 | By Thomas Palley | Briefing PaperIntroduction and executive summary The Federal Reserve’s policies affect almost every important aspect of the economy. Given the gradual strengthening of the economy after the Great Recession, there is now talk of normalizing monetary policy and raising interest rates.
August 1, 2013 | By Thomas Palley | BlogSome months ago it became known that Federal Reserve Chairman Ben Bernanke was likely to step down as the end of his second term of appointment drew near.
June 21, 2007 | By Thomas Palley | Briefing PaperOver the last 30 years the American economy has exhibited a systematic disconnection between wages and productivity growth. This disconnection means that ordinary Americans are not properly sharing in the economy’s growth, thus contributing to rising income inequality.