December 22, 2011
Regulatory Uncertainty, Macro Policy Uncertainty, and Demand
With the Republicans in the House maximizing policy uncertainty, I think it useful to recount some of the recent research on how uncertainty is affecting output. In particular, I want to go beyond the talking point which asserts that regulatory uncertainty is depressing output (data free analysis here), given that we know empirical results asserting the level of regulation depresses output are not robust [1].
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Posted by Menzie Chinn at 07:25 AM permalink | Comments (30)
December 19, 2011
Guest Contribution: US Federal Regulatory Budget and Macroeconomic Outcomes: What Do We Know?
By Tara M. Sinclair
Today, we’re fortunate to have Tara M. Sinclair, Associate Professor of Economics and International Affairs and a scholar at the GW Regulatory Studies Center at The George Washington University, as a Guest Contributor.
There has been a lot of debate lately about the costs of regulation for the US economy. In a Regulatory Policy Commentary posted on December 19th, Kathryn Vesey, a research associate at the GW Regulatory Studies Center, and I discuss our preliminary findings from a study of the macroeconomic impacts of changes in the “regulators’ budget,” i.e. the part of the US federal government budget allocated to developing and enforcing federal regulations.
Posted by Menzie Chinn at 09:30 PM permalink | Comments (23)