Kurt Mitman

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    Reducing the duration of unemployment benefits as a recession progresses can speed economic recovery.

Reducing the duration of unemployment benefits as a recession progresses can speed economic recovery.

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In the aftermath of the Great Recession, millions of Americans received extensions to their unemployment benefits – in some cases extending them to 99 weeks. At the end of 2013, these extended benefits expired, leading many to call on Congress to reauthorize their extension. But does extending unemployment benefits make sound economic sense? In new research, Stanislav Rabinovich and […]

Poor households would benefit and mortgage debt would fall if government significantly reduced its role in the residential mortgage market.

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In 2008, the U.S. Treasury took over the running of the Government-Sponsored Enterprises, Fannie Mae and Freddie Mac, following massive losses after the collapse of the housing market. Dirk Krueger and Kurt Mitman argue that the government’s implicit bailout guarantee to organizations such as these effectively constituted a mortgage interest rate subsidy to homeowners prior to 2008, and even after […]

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