David Lipton on Energizing Global Growth
International Monetary Fund (IMF) calls for strong efforts to invigorate global growth and to take steps to prevent some of the very real downside risks of prolonged low growth.
Sunday, October 12, 2014
3 Big Economic Ideas in Waiting
Brookings: 3 Big Economic Ideas in Waitingby Robert E Litan
"A crisis is a terirlbe thing to waste.": Until some dramatic development galvanizes people to act, (big, new policy ideas) sit on the shelf.
"A crisis is a terirlbe thing to waste.": Until some dramatic development galvanizes people to act, (big, new policy ideas) sit on the shelf.
- Even with huge federal budget deficits, bills for public facilities can be funded through a special "capital budget" as they are at the state level.
- Public infrastructure banks play an important role in creating capital budgets, but bills for these banks are not backed by adequate support.
- On Medicare/Medical vouchers: The lower the escalation factor for the voucher, the greater would be the incentives of premium support for medical care cost control.
(1) Congestion pricing
(2) Medicare vouchers
(3) Tax on carbon
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