Chapter 15: Sluggishness in the 2000s

1. Alan Greenspan’s concern about the elimination of federal debt.

In the last year of fiscal surplus, 2001, Federal Reserve Chair Greenspan fretted about the waning of debt instruments.

2. The Romer-Bernstein report

Here is the report justifying the stimulus proposal of the first months of the Barack Obama administration.

3. Casey Mulligan and the rise of effective marginal tax rates at the bottom.

Professor Mulligan’s research on “tax cliffs” and related matters of the Obama era may be found here.