Every year in February, about the sane time that the President of the United States (POTUS) delivers his annual State of the Union address to Congress, the President’s Council of Economic Advisers and their staff prepares a document titled the Economic Report of the President.
This year’s Economic Report of the President (ERP) was signed by President Barack Obama and sent to Congress on February 17, 2012. The author’s of the report are Obama’s Council of Economic Advisers who are Chairman Alan B. Krueger, Katherine G. Abraham and Carl Shapiro.
The 2012 report reviews the important economic activity for the year 2011, outlines the economic goals for 2012 and makes projections. If you want to know what the administration is forecasting for 2012, this is where to find it. The various written chapters lay out what the administration believes are the key challenges facing the U.S. economy.
The document is also chock full of economic data relating to GDP, employment, inflation, etc. Anyone interested in the U.S. economy should become familiar with this document.
Chapter 1. To Recover, Rebalance and Rebuild
Chapter 2. The Year In Review and the Years Ahead
Chapter 3. Restoring Fiscal Responsibility
Chapter 4. Stabilizing and Healing the Housing Market
Chapter 5. International Trade and Finance
Chapter 6. Jobs and Income: Today and Tomorrow
Chapter 7. Preserving and Modernizing the Safety Net
Chapter 8. Improving the Quality of Life Through Smart Regulation, Innovation, Clean Energy, and Public Investment
Appendix A. Report to the President on the Activities of the Council of Economic Advisers During 2011
Appendix B. Statistical Tables relating to Income, Employment, and Production
Council of Economic Advisers
Alan Krueger is a Princeton economics professor and a researcher at the National Bureau of Economic Research. He has a Ph.D. from Harvard University and has published numerous books and papers on labor markets and income distribution.
Carl Shapiro is a business professor at UC Berkeley. He is a graduate of MIT.
Katherine Abraham is a professor at the University of Maryland, specializing in labor markets. She headed the Bureau of Labor Statistics during the Clinton administration.
You can download the 2011_erp.pdf here.