Uncategorized
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Complexity, economic policy, and AIER
AIER has a long history of fostering schools of economic thought that don’t adhere to the views that currently dominate mainstream academia. One paradigm that reflects recent advances in other scientific fields but also confirms views put forward by AIER for decades is the growing discipline called complexity economics. As mathematical modeling came to dominate…
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Higher Household Net Worth Should Support Economy
With the consumer being the engine of the slow but steady economic expansion, some new data from the Federal Reserve Board suggests that engine can continue motoring along. Household balance sheets are benefitting from increasing asset values. Total assets for households increased by $1.2 trillion to $103.8 trillion in the second quarter of 2016, according…
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Deficit Projections Are Often Way Off the Mark
The fairly modest federal deficit projected for the next few years has made fiscal discipline a less urgent policy concern than it was only a couple of years ago. But can we believe the projections? Does the fact that the deficit is projected to remain fairly small mean that the deficit is likely to remain…
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What Is Your Retirement Planning Horizon?
Bill Bengen’s 1994 research that established the 4 percent rule was seeking the maximum constant dollar withdrawal that would have lasted for any historical 30-year period. But is 30 years the right planning horizon for you? If not, how should you adjust the guideline?
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Complexity, economic policy, and AIER
AIER has a long history of fostering schools of economic thought that don’t adhere to the views that currently dominate mainstream academia. One paradigm that reflects recent advances in other scientific fields but also confirms views put forward by AIER for decades is the growing discipline called complexity economics. As mathematical modeling came to dominate…
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•
Higher Household Net Worth Should Support Economy
With the consumer being the engine of the slow but steady economic expansion, some new data from the Federal Reserve Board suggests that engine can continue motoring along. Household balance sheets are benefitting from increasing asset values. Total assets for households increased by $1.2 trillion to $103.8 trillion in the second quarter of 2016, according…
-
•
Deficit Projections Are Often Way Off the Mark
The fairly modest federal deficit projected for the next few years has made fiscal discipline a less urgent policy concern than it was only a couple of years ago. But can we believe the projections? Does the fact that the deficit is projected to remain fairly small mean that the deficit is likely to remain…
-
•
What Is Your Retirement Planning Horizon?
Bill Bengen’s 1994 research that established the 4 percent rule was seeking the maximum constant dollar withdrawal that would have lasted for any historical 30-year period. But is 30 years the right planning horizon for you? If not, how should you adjust the guideline?