The American economy is experiencing a crisis in long-term unemployment that has enormous human and economic costs.

Many commentators argue that uncertainty about taxes, government spending and other policy matters deepened the recession of 2007-2009 and slowed the recovery. To investigate this issue we develop a new index of policy-related economic uncertainty and estimate its dynamic relationship to output, investment and employment.

A fundamental question for those Republicans campaigning to replace Barack Obama as commander-in-chief and, as Harry Truman might have put it, as “leader of the free world,” is how they intend to restore American greatness in a troubled time.

A major factor behind the weak recovery and gloomy outlook is a climate of policy-induced economic uncertainty. An index we devised shows U.S. policy uncertainty at historically high levels.

Many public workers are overpaid relative to their private sector counterparts, especially in large, unionized states such as Wisconsin, Ohio and California. This may sound like a controversial claim, but it shouldn't. A consensus is building about the need for reform.

Global economic contraction is the greatest threat to the bilateral relationship between China and the US.

At this event, four distinguished lawyers who have significant experience both in government and constitutional law will discuss the key constitutional issues that are essential to understand in this controversy, the precedents from similar disputes in the past, and the implications for the future if either the president’s position or the opponents' position is ultimately upheld by the courts.

Under a program like work-sharing, firms are encouraged by government policy to spread a small amount of the pain across many workers.