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11 New Essays Provide Insights and Solutions for Overcoming Today’s Economic Challenges, Creating a Sustainable Budget and Stronger Future
NEW YORK — The nonpartisan Peter G. Peterson Foundation released today a collection of 11 new policy papers from leading experts as America faces a complex set of fiscal and macroeconomic challenges, including high inflation, interest rate hikes, growing interest costs fueling our unsustainable national debt, and fears of a recession. With diverse views from across the political spectrum and deep policy expertise, the authors provide analysis and insight on how lawmakers can create a sustainable federal budget, strengthen existing programs, ensure greater resources to address national priorities — and combine the best mix of fiscal, economic and monetary policy to stabilize our economy and avoid a recession.
The essays assess current issues including: the impacts of and outlook for inflation and interest rates; concerns about an economic recession; the unsustainable national debt and growing interest costs; the interplay between fiscal and monetary policy; shortfalls in the social safety net; and the role that labor market productivity plays in our economy.
“This group of distinguished experts has put forward a range of valuable insights and perspectives to help decipher the complex challenges we face and find the best way forward,” said Michael A. Peterson, CEO of the Peterson Foundation. “These 11 essays offer a deep playbook of options, ideas and advice for policymakers working to reduce inflation, avoid a recession and put us on a more stable fiscal path for the future.”
The following is a listing of the participants and essays, which are fully available here.
Last year, the Peterson Foundation convened a group of experts to help answer the question of the moment: Where Do We Go from Here?, which outlined the connection between national preparedness, economic strength, and a sustainable fiscal outlook.
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