John H. Makin is a resident scholar at the American Enterprise Institute (AEI), where he studies the US economy, monetary policy, financial markets, corporate taxation, and banking. He also studies and writes frequently about Japanese, Chinese, and European economic issues.
Makin has served as a consultant to the US Department of the Treasury, the Congressional Budget Office, and the International Monetary Fund. He also spent 20 years on Wall Street as the chief economist, and later a principal, of Caxton Associates, a trading and investment firm. Earlier, Makin taught economics at various universities, including the University of Virginia. He has also been a scholar at the Bank of Japan, the Federal Reserve Bank of San Francisco, the Federal Bank of Chicago, and the National Bureau of Economic Research. A prolific writer, Makin is the author of numerous books and articles on financial, monetary, and fiscal policy. Makin also writes AEI's monthly Economic Outlook, which pairs insightful research with current economic topics.
Makin received a Ph.D. and M.A. in economics from the University of Chicago, and he received a B.A. in economics from Trinity College.
The US economy might be headed for another midyear “swoon,” and after three doses of easy money from the Fed, it is unclear whether another round of quantitative easing would help produce the sort of robust growth policymakers and consumers seek.
Despite periodic slowdowns, the US economy is on a sustainable fiscal path. Instead of pursuing short-term fiscal reform, as suggested in the president's recently released budget, Congress should focus on working toward long-term tax and entitlement reform.
How should the crisis in Cyprus have been handled differently, and what are its wider international repercussions going forward? This and other relevant questions will be addressed by our expert panel.