Last October, President Joe Biden and congressional leaders traveled to Syracuse, N.Y. to tout semiconductor manufacturer Micron Technology’s plans to build the nation’s largest semiconductor fabrication facility in the city. In a speech at a local …
The U.S. economy has weathered a couple of years of COVID, rising interest rates and sinking stock prices, and uncomfortably high inflation. What lessons have been learned about the efficacy of economic policy over the past two years? And what will 2023 …
The first-ever appointment of a special representative of subnational diplomacy at the U.S. Department of State in late 2022 and the upcoming Cities Summit of the Americas in March 2023 reflect increased attention to the role of regions, states, and cities …
Introduction Our work focuses on the links between well-being and ill-being. We find that people with hope for the future are more likely to invest in those futures and fare better in health and with jobs, that optimists live longer and are less likely to …
In contemporary American politics, talk of secession is rarely more than theater. Political leaders tease—sometimes bellow—the idea as a reaction to unfavorable election results, the prospect of big-ticket legislation with which they disagree, meat for …
Representative Kevin McCarthy (R-Calif.)’s rocky road to the House Speakership came at a steep price. After 15 ballots, the most since the Civil War, McCarthy narrowly sewed up support only after agreeing to most of the procedural and policy demands of 20- …
Strong headwinds suggest that 2023 will be a difficult year for global economic development. Avoiding setbacks will be at least as important as making renewed progress. Developing countries will continue to face overlapping crises with little to no fiscal …
On April 28, 2021, the Federal Open Market Committee (FOMC) reported that “inflation has risen, largely reflecting transitory factors.” The June, July, and September FOMC statements repeated this statement, even as inflation continued to rise. By late …
The U.S. Agency for International Development (USAID) has launched a package of internal reforms to modernize its engagement with the private sector. The Agency has a long history of working with the private sector—on both sides of the development …
While 2022 saw a return to pre-pandemic normalcy in many regards, the economic and social upheavals around the world due to the pandemic continue to reverberate. The ongoing Russian invasion of Ukraine, as well other political crises and environmental …
When it comes to commercial real estate ownership in majority-Black neighborhoods, Black business owners are often systemically excluded from the economic benefits such ownership can generate, while other investors amass control over profits and the …
It’s been well documented that assets such as cash savings or real estate are essential to economic mobility. They provide a cushion in emergencies and allow people to become homeowners, start businesses, and pursue advanced education. Yet one in four …
By Gian Maria Milesi-Ferretti, David DollarHost David Dollar and Gian Maria Milesi-Ferretti, a senior fellow in Economic Studies, anticipate key trends in the U.S. and global economies. What’s the inflation picture and forecast for growth in the U.S.? What …
The OECD estimates this could generate $150bn in additional tax revenues globally, which could help address fiscal challenges. However, some improvements to the proposal are needed to reach its full potential, Brahima Coulibaly and Wafa Abedin write.
Climate scientists have long recognized methane as “carbon dioxide on steroids,” a short-lived but highly intensive climate pollutant that possesses more than 80 times the warming power of carbon during its first two decades in the atmosphere. It is …
What’s the latest thinking in fiscal and monetary policy? The Hutchins Roundup keeps you informed of the latest research, charts, and speeches. Want to receive the Hutchins Roundup as an email? Sign up here to get it in your inbox every Thursday. Using …
As the war in Ukraine approaches its first anniversary, attention has turned to plans for reconstruction. Among the array of policy briefs, commentaries, and political summits, one critical piece appears to be missing. How does the future of the nearly 8 …
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Today marks two years since Americans turned on their televisions to watch something that many thought was impossible—a violent mob attacking the Capitol of the United States with the intention of disrupting the Electoral College vote count. Those days …
Abstract This paper analyzes economic policy responses to the COVID-19-induced recession, focusing on the American policy response. Despite widespread political distrust between the two parties sharing control of the government and the timing of the …
