Commentary
Op-Eds and articles by Robert Rubin on the U.S. economy, democracy, fiscal policy, poverty, criminal justice, decision-making, and other areas of public policy.
Fiscal resiliency in a deeply uncertain world: The role of semiautonomous discretion
By Peter R. Orszag, Robert E. Rubin, and Joseph E. Stiglitz
Orszag, Rubin, and Stiglitz outline a new fiscal framework that they argue would better equip policymakers to face deep uncertainties about future interest rates (which, they say, may not remain low forever), hard-to-predict global shocks, and climate risks.