BERKELEY — My book on the economic history of the twentieth century, published last fall, did not include a chapter on the question of the future or “what we should do next”, because my frequent co-author, Stephen S.

BERKELEY  —  At the start of February 2022, the five-year, five-year-forward consumer-price-index (CPI) inflation break-even rate in the US bond market was hovering at around 2 per cent per year, a figure that corresponds to a chain-weighted personal-consumption-expendi

BERKELEY  —  The big lesson of the past 60 years of US economic policy, according to former vice chair of the US Federal Reserve and current Princeton University economist Alan S.

J. Bradford DeLong Says More…Project Syndicate: In March, you wrote that higher inflation was “inevitable and therefore not regrettable”, because it was “a side effect and a consequence of the robust recovery”, which amounts to a “massive policy victory”.

BERKELEY  —  Soon after the 2020 presidential election, the incoming Biden administration set about mapping out its economic agenda.

BERKELEY  —  When it comes to the United States Congress, nothing is ever over until it’s over. But as of late July, it looks as though two major pieces of legislation will soon be on President Joe Biden’s desk, awaiting his signature.

BERKELEY  —  On September 6, Basic Books is publishing Slouching Towards Utopia, my economic history of the “long twentieth century” from 1870 to 2010.

BERKELEY  —  What policy will the US Federal Reserve announce after the Federal Open Market Committee’s two-day meeting this week, and what policy should it announce?The first question is easy: There is a high probability, 75 per cent, that the Fed will follow its previ

BERKELEY  —  As of Friday, May 6, the bond market expected US consumer price inflation to average 2.5 per cent between five and ten years from now. That is the rate of inflation needed to equalize returns on inflation-indexed and non-indexed US Treasury securities.