Policy Analysis and Commentary

“US Job and Wage Growth Beat Expectations, Making the Fed's Job Harder,” with Wilson Powell III, Peterson Institute for International Economics Realtime Economic Issues Watch, December 2022. Available at: https://www.piie.com/blogs/realtime-economics/us-job-and-wage-growth-beat-expectations-making-feds-job-harder.

“Comment on ‘How to Think about Finance’ by Atif Mian,” in Leveraged: The New Economics of Debt and Financial Fragility, ed. Moritz Schularick. Chicago: University of Chicago Press (2022) 27-31. 

“Job Growth Has Slowed but the US Labor Market Is Still Tight,” with Wilson Powell III, Peterson Institute for International Economics Realtime Economic Issues Watch, October 2022. Available at: https://www.piie.com/blogs/realtime-economics/job-growth-has-slowed-us-labor-market-still-tight.

“High Inflation Makes for a Hard Road Ahead.” Peterson Institute for International Economics Realtime Economic Issues Watch, October 2022. Available at:https://www.piie.com/blogs/realtime-economics/high-inflation-makes-hard-road-ahead.

“High Inflation and Fiscal Policy.” Peter G. Peterson Foundation Expert Views on Inflation, Interest, and the National Debt. September 2022. Available at: https://www.pgpf.org/expert-views/inflation-interest-and-the-national-debt

“No Sign of Inflation Relief in July US Jobs Report,” with Wilson Powell III, Peterson Institute for International Economics Realtime Economic Issues Watch, August 2022. Available at: https://www.piie.com/blogs/realtime-economic-issues-watch/no-sign-inflation-relief-july-us-jobs-report.

“Strong US Jobs Report for May Should Not Change Fed Plans,” with Wilson Powell III,Peterson Institute for International Economics Realtime Economic Issues Watch, June 2022. Available at: https://www.piie.com/blogs/realtime-economic-issues-watch/strong-us-jobs-report-may-should-not-change-fed-plans.

“Economic Prospects Call for High Inflation and Slowing Global Growth,” Peterson Institute for International Economics Realtime Economic Issues Watch, April 2022. Available at: https://www.piie.com/blogs/realtime-economics/economic-prospects-call-high-inflation-and-slowing-global-growth.

“US Employment and Wages Are Rising Briskly Amid Strong Labor Demand,” with Wilson Powell III, Peterson Institute for International Economics Realtime Economic Issues Watch, April 2022. Available at: https://www.piie.com/blogs/realtime-economic-issues-watch/us-employment-and-wages-are-rising-briskly-amid-strong-labor.

“What is Needed to Tame US Inflation?” Peterson Institute for International Economics Realtime Economic Issues Watch, March 2022. Available at: https://www.piie.com/blogs/realtime-economic-issues-watch/what-needed-tame-us-inflation.

US Employment Jumped in January Despite Omicron Wave,” with Wilson Powell III, Peterson Institute for International Economics Realtime Economic Issues Watch, February 2022. Available at: https://www.piie.com/blogs/realtime-economic-issues-watch/us-employment-jumped-january-despite-omicron-wave.


"Fostering Academic Research on U.S. Economic Impact Payments That Goes beyond the Marginal Propensity to Consume," Washington Center for Equitable Growth, January 2022. Available at: https://equitablegrowth.org/fostering-academic-research-on-u-s-economic-impact-payments-that-goes-beyond-the-marginal-propensity-to-consume/

“Global Recovery Remains on Track Despite Delta Variant and Supply Chain Bottlenecks,” Peterson Institute for International Economics Realtime Economic Issues Watch, October 2021. Available at: https://www.piie.com/blogs/realtime-economic-issues-watch/global-economic-recovery-remains-track-despite-delta-variant.

“Global Economy Poised to Expand faster, Buoyed by Vaccinations,” Peterson Institute for International Economics Realtime Economic Issues Watch, April 2021. Available at: https://www.piie.com/blogs/realtime-economic-issues-watch/global-economy-poised-expand-faster-buoyed-vaccinations.

"Inequality During COVID-19 and Beyond," EconoFact Chats Podcast, November 2020. Available at: https://econofact.org/podcast/inequality-during-covid-19-and-beyond.

"Strengthening the U.S. Economy to Foster Rebuilding and Recovery,” Peterson Institute for International Economics Series on Rebuilding the Global Economy, October 2020. Available at: https://www.piie.com/sites/default/files/documents/dynan-2020-10-rtge-memo.pdf.

"COVID-19: Wage Subsidies and Unemployment," Podcast discussion for the Institute for Government, June 30, 2020. Available at: https://www.instituteforgovernment.org.uk/events/covid-19-wage-subsidies-and-unemployment.

"Helping Homeowners During the Covid-19 Pandemic: Lessons from the Great Recession," with Gene Amromin and Jane Dokko, Chicago Fed Letter, June 2020. Available at: https://www.chicagofed.org/publications/chicago-fed-letter/2020/443.

"Student Loan Burdens and What to Do About Them," Business Economics, June 2020. Published version available at: https://rdcu.be/b47nw. Working paper available at: https://scholar.harvard.edu/files/kdynan/files/06-10-20_dynan_student_loan_burdens.pdf.

"The Federal Fisc," with Doug Elmendorf, Harvard Magazine, May-June 2020. Available at: https://www.harvardmagazine.com/2020/05/feature-forum-federal-fisc.

"Doug Elmendorf and Karen Dynan: How Much Can the Federal Budget Deficit Continue to Grow?" Ask a Harvard Professor Podcast, April 2020. Available at: https://harvardmagazine.com/podcast/2020/doug-elmendorf-and-karen-dynan.

"What Can the Employment Report Tell Us?," with Miriam Wasserman, EconoFact, September 2, 2019. Available at: https://econofact.org/what-can-the-employment-report-tell-us.

"The Unheard Nerds: How Economists Can Talk So Policymakers Will Listen," Foreign Affairs, November/December 2018. Available at: https://www.foreignaffairs.com/reviews/review-essay/2018-10-15/unheard-nerds.

"Ten Years Since the Financial Crisis: Some Lessons for Reducing Risks to Homeowners," with Jane Dokko, November 2018. Available at: https://www.stlouisfed.org/~/media/files/pdfs/hfs/assets/2018/tipping-points/dokko_dynan_tipping_points_paper_2018_11.pdf?la=en.

"Will Social Security Be There for You?" Econofact, June 12, 2018.  Available at: http://econofact.org/will-social-security-be-there-for-you.

"Adapting Tax Systems for Population Aging," Business Economics, 2018.  Available at: https://link.springer.com/content/pdf/10.1057%2Fs11369-018-0070-8.pdf.

"Household Debt," Milken Institute Review, Second Quarter 2018.  Available at: http://www.milkenreview.org/articles/household-debt?IssueID=28.

"Implications for Tax Policy of Lower Trend Productivity Growth," prepared for Policy implications of Sustained Low Productivity Growth, Peterson Institute for International Economics, November 2017. Available at: http://piie.com/system/files/documents/1-2dynan20171109paper.pdf.

"Increasing Economic Security of Older Women," with Jason Brown, in The 51% - Driving Growth through Women's Economic Participation, The Hamilton Project, October 2017.  Available at: http://www.hamiltonproject.org/papers/increasing_the_economic_security_of_older_women.

"Many American Households Are Still Struggling to Build Wealth," Econofact, October 7, 2017. Available at: http://econofact.org/many-american-households-are-still-struggling-to-build-wealth.

"Prospects for Changes in U.S. Fiscal Policy and Their Effects on the U.S. Economy" in US-China Cooperation in a Changing Global Economy, Peterson Institute for International Economics Briefing 17-1. Available at: https:books.google.com

"Household Economic Security and Public Policy," Business Economics, July 2016. Available at: https://link.springer.com/article/10.1057/be.2016.18.

"The Recent Homebuyer Tax Credit: Evaluation and Lessons for the Future," with Ted Gayer and Natasha Plotkin, June 2013. Available at: https://www.brookings.edu/research/an-evaluation-of-federal-and-state-homebuyer-tax-incentives/.

"Better Ways to Promote Saving through the Tax System" in 15 Ways to Rethink the Federal Budget, The Hamilton Project. Available at: http://www.brookings.edu/research/papers/2013/02/promote-saving-through-tax-system.

"Want a Stronger Economic Recovery? Encourage More Home Refinancing." Yahoo! Finance, February 20, 2013. Available at: https://www.brookings.edu/opinions/want-a-stronger-economic-recovery-encourage-more-home-refinancing/.

"The U.S. Household Debt Overhang," Keynote speech at the Annual Research Conference of DeNederlandsche Bank, October 25, 2012. Available at: https://www.brookings.edu/on-the-record/the-u-s-household-debt-overhang/.

"Higher Personal Saving: Who Needs It?" Yahoo! Finance, October 1, 2012.

"How Bright is the Housing Bright Spot?" Brookings Upfront Blog, September 21, 2012.

"The Household Debt Picture: Better, But Still a Drag," Real Clear Markets, Sepember 6, 2012.

"What's Been Weighing on Consumption? An Overview of the Recent Experiences of Different Types of Households," Federal Reserve Board Academic Consultants Meeting, May 14, 2012. Available at: https://www.brookings.edu/research/whats-been-weighing-on-consumption-an-overview-of-the-recent-experiences-of-different-types-of-households/.

"Addressing the Problems in the U.S. Housing Market," Campaign 2012. Available at: https://www.brookings.edu/research/addressing-the-problems-in-the-u-s-housing-market/.

"How We're Doing Amid Policy Gridlock," Washington Post, February 12, 2012.

"Household Deleveraging in 2011: Progress, but More to Come," Brookings Up Front Blog, December 19, 2011.

"My Path in the Policy World," Newsletter of the Committee on the Status of Women in the Econonomics Profession, Fall 2011. Available at: https://www.aeaweb.org/content/file?id=503.

"Can We Count on the Consumer to Lift Us Out of the Economic Doldrums?," Brookings Up Front Blog, October 28, 2011.

"Playing the HARP: A New Way Forward on Housing?," Brookings Up Front Blog, October 25, 2011.

"What is Next for the U.S. Economy, Post-Debt Ceiling Debate?," Brookings Up Front Blog, August 2, 2011.

"Economic Growth Wanes, Again," Brookings Up Front Blog, July 29, 2011.

"How We're Doing: An Uneven Recovery at Home and Abroad," with Domenico Lombardi and Alan Berube, Washington Post, May 15, 2011.

"Are Households More Prudent Now?," Fiscal Times, March 16, 2011.

"Policy Focus Needs to Shift on Foreclosures," Fiscal Times, March 16, 2011.

"Trends: When Less is Less," Milken Institute Quarterly Review, First Quarter, 2011. Available at: https://assets1b.milkeninstitute.org/assets/Publication/MIReview/PDF/05-13.mr49.pdf.

"The Top Economic Stories of 2010," with Gary Burtless, Alice Rivlin, Hank Aaron, Donald Kohn, Doug Elliott, and Adele Morris, Brookings Institution, December 23, 2010.

"Expect More Defaults and Foreclosures over the Next Year," Fiscal Times, December 17, 2010.

"Needed: A Reasonable Discussion of Fed Policy," with Donald Kohn, Financial Times, November 18, 2010.

"How We're Doing: Uncertainty Ahead of the Midterms," Washington Post, October 31, 2010.

"Should the Fed Make More Large-Scale Asset Purchases?," Fiscal Times, September 9, 2010.

"Even in a Stagnant Market, There Are Benefits to Homeownership," Fiscal Times, August 27, 2010.

"The Fed Can Do More for the Economy (Part II)," Fiscal Times, August 23, 2010.

"The Fed Can Do More for the Economy (Part I)," Fiscal Times, August 20, 2010.

"Why Congress Needs to Extend Emergency Unemployment Benefits," Fiscal Times, July 2, 2010.

"The Future of Small Business Entrepreneurship: Jobs Generator for the U.S. Economy," with Martin Baily and Douglas Elliott, Brookings Policy Brief Series #175, June 2010.

"How We're Doing as Debt Fears Rise," with Ted Gayer, Washington Post, May 23, 2010.

"The April 2010 Employment Report," The Rundown (PBS Newshour Blog), May 7, 2010.

"What is Needed to Spur Job Creation?," The Rundown (PBS Newshour Blog), February 5, 2010.

"The Income Rollercoaster: Rising Income Volatility and its Implications," Pathways Magazine, Stanford Center for the Study of Poverty and Inequality, Spring 2010. Available at: https://www.brookings.edu/articles/the-income-rollercoaster-rising-income-volatility-and-its-implications/.

"Data for an Evolving Economic and Financial System," Survey of Current Business, vol. 90 (February 2010). Available at: https://www.bea.gov/scb/pdf/2010/02%20February/0210_brookings_seminar_Dynan.pdf

"The Status Report: Obama's Effort to Restore Economic Confidence," Brookings Up Front Blog, January 11, 2010.

"What to Make of Declining Household Debt Burdens," Brookings Up Front Blog, December 22, 2009.

"Five Myths about Holiday Shopping Sprees," Washington Post, November 29, 2009.

"How We're Doing: What's Blocking the Recovery," with Alan Berube and Ted Gayer, Washington Post, November 15, 2009.

"Putting the Expected Strength of the Recovery into Historical Context," Brookings Up Front Blog, October 30, 2009.