Sr. Fellow, Niskanen Center
Contributor's Links: Ed Dolan's Econ Blog

Edwin G. Dolan holds a PhD in economics from Yale University. He has taught in the United States at Dartmouth College, the University of Chicago, George Mason University and Gettysburg College. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute ... more

ALL CONTRIBUTIONS

Bipartisan Rules To Meet The Coming Fiscal Policy Challenge
President-elect Joe Biden will face serious fiscal policy challenges as soon as he takes office.
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A CBO Roadmap To Near-Universal Healthcare
The CBO has done an excellent job of laying out the options. Nearly every pending healthcare bill or think-tank proposal fits somewhere within the CBO’s four alternatives.
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New Research Boosts Our Understanding Of The Effective Marginal Tax Rates For The Poor
Does the American welfare system adequately encourage the poor to achieve self-sufficiency, or is it a “poverty trap” that locks welfare beneficiaries into a lifetime of dependency?
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It's Time To End The Preference And Tax Capital Gains As Ordinary Income
The United States entered the COVID-19 crisis with an unusually large budget deficit for an economy at or close to full employment.
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How Household Debt Threatens The Recovery
The COVID-19 pandemic is having a disproportionate impact on the health of low-income Americans, but even those low-wage workers who avoid the disease itself are likely to suffer grave economic distress.
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A Social Safety Net For An Age Of Uncertainty
The COVID-19 pandemic is turning out to be a wake-up call, not just for public health, but for economic security, as well.
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Comments

Latest Comments
Little-Watched Non-Employment Index Confirms Strength Of Job Market Recovery
3 years ago

As a further follow up to the issue of wages and jobs, check out my latest post, which explores the role of the rising cost of healthcare benefits in the slow growth of wages www.talkmarkets.com/.../employer-health-benefits-and-wages-the-good-news-and-the-bad

Little-Watched Non-Employment Index Confirms Strength Of Job Market Recovery
3 years ago

Yes, it is a bit of a mystery why wages are not responding to labor market tightening. However, whatever the answer is to the wage puzzle, I do not think that the correct answer is that the labor market has a lot of hidden slack. Something else is going on. I will try to focus on that "what else" in future posts.

Looking Behind The CPI Headlines To Spot Inflation Trends
3 years ago

As of right now, I would bet yes, but there is time for data to change before next expected increase (toward the end of the year).

What Inflation Means To You: Inside The Consumer Price Index
3 years ago

Very nice summary. It calls attention to the difference between "inflation" (an increase in the general price level) which is the Fed's worry, and changes in the "cost of living," which are strongly affected by the volatility noted in the charts.

BofA Lashes Out At The Fed: "Take That Punch Bowl Away" Or Face A Crash
3 years ago

Would it be fair to say there is a tension here between those who think the Fed should focus on asset bubbles and those who think it should put the traditional focus on the Phillips curve? The former group wants a hike, and fast; the latter thinks the timing for further hikes is all wrong, especially in view of the latest CPI release.

Health Costs Are Rising Because Of Price Controls
3 years ago

Good summary of the problems with the ACA. I 100% agree that getting rid of the tax preference for employer-provided insurance would help a great deal.

A couple points where we might differ in the way we would pursue similar goals: I agree, high risk pools are one way to handle those with pre-existing conditons, but I think universal catastrophic coverage (an idea favored even by Milton Friedman) might be better. See here for a further discussion: www.talkmarkets.com/.../unintended-consequences-of-healthcare-decentralization

Also, with regard to federalism, yes, the states have a role to play, but decentralization is a two-edged sword. Embracing it without careful planning could have unintended consequences. See here: www.talkmarkets.com/.../unintended-consequences-of-healthcare-decentralization

Will Low Inflation Delay Fed Rate Hikes?
3 years ago

Agree. I think it is also worth looking at the Cleveland Fed's unique estimates of #inflation expectations. I like them because they try to break out the risk premium factor in the TIPS spreads data to get a cleaner read on pure expectations. Look at their charts ( www.clevelandfed.org/.../...tion-expectations.aspx ) and notice how the yield curve on inflation expectations is flattening. IMO that may be the strongest point in support of the view that the case for rapid rate hikes is weakening.

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PERSONAL BLOG

Latest Posts
What A Good Conservative Health Care Plan Would Look Like
Senate Republicans have fallen short in their first attempt to attract 50 votes for their health care bill. Small wonder.

Work Experience

Senior Fellow
Nisanen Center
January 2017 - Present (4 years)

Education

Yale University
Phd
1966 / 1969
Economics
Indiana University Bloomington
BA, MA
1963 / 1966
Economics, Russian-East European Institute
Earlham College
1960 / 1963
Russian Language

Publications

Introduction to Economics
Edwin G. Dolan
BVT Publishing
01/01/2016

A complete textbook and ancillary package for your principles of economics course, available in paperback (complete, micro-only, macro-only), e-book, loose-leaf print edition, and other variants, at a price your students can afford.

TANSTAAFL: A Libertarian Perspective on Environmental Policy
Ed Dolan
Searching Finance
09/15/2011

This update of my 1971 classic covers a wide variety of environmental issues with new commentaries on climate change, energy policy, ecosocialism, and more.