Center for American Progress — Macroeconomic Stabilization

Organization:
Center for American Progress
Award Date:
03/2016
Amount:
$500,000
Purpose:
To support the Center's work on macroeconomic policy.

The Open Philanthropy Project awarded a grant of $500,000 over two years to the Center for American Progress (CAP). This grant aims to support CAP, a major progressive think tank, to hire an economist focused on macroeconomic stabilization policy, one of our focus areas within U.S. Policy.

CAP plans to hire an economist to lead its research on macroeconomic stabilization, and Marc Jarsulic (CAP’s Vice President of Economic Policy) will also play a substantial role in this work. CAP’s overall plan for this area, modeled on the early work that eventually led to its Commission on Inclusive Prosperity, is to:

CAP provided us with a list of proposed research topics, all of which struck us as potentially worthwhile. Our primary goal for this grant is to increase progressive capacity and attention around macroeconomic policy and business cycle issues. Our impression is that, while there are many labor economists working at progressive think tanks, significantly less attention has been devoted to monetary policy and other macroeconomic stability issues, and that CAP plays a particularly prominent role in setting, and reflecting, the progressive agenda.

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