Many well-respected economists have suggested plans for mortgage restructuring built on the idea of share appreciation mortgages, which generate rather complex transactions with conflicting interests between the lender and the homeowner. The 60/40 Plan, however, combines several economic...

The U.S. economy has gained roughly 2.8 million jobs since early 2010. That may be cold comfort, considering that more than 8 million jobs have been lost since the recession began. The Federal Reserve has lowered its policy rate as far as it can go, and the economy is flush with liquidity. Yet...

Potential output is an estimate of the level of gross domestic product attainable when the economy is operating at a high rate of resource use. A summary measure of the economy's productive capacity, potential output plays an important role in the Congressional Budget Office (CBO)'s economic...