Much has been written about the COVID-19 pandemic’s impact on big-city populations. Brookings Metro’s recent analysis of large metropolitan area declines makes plain that during the prime year of the pandemic (from July 2020 to July 2021) there were …
A big debt crisis is brewing in the Global South. The IMF had sounded alarm over growing debt sustainability problems in many low-income countries already prior to the coronavirus crisis. More than two years into the pandemic, the debt situation has …
Even though Abenomics did not achieve all of its goals, [...] it was an important step forward. There was progress.
As President Joe Biden prepares to travel to the Middle East, his administration faces several challenges in its relations with Israel, Saudi Arabia, and other regional (non-treaty) allies. At the most basic level, the United States and these allies do not …
During last week’s North Atlantic Treaty Organization summit in Madrid, the leaders of the United States, South Korea, and Japan held a trilateral meeting. The lead topic: security concerns about North Korea, which reportedly has completed preparations for …
Mireya Solis, director of the Center for East Asia Policy Studies, discusses fallout from the assassination of Japan’s former Prime Minister Shinzo Abe and the impact he had on U.S.-Japan relations.
My friend Bert Hofman, director of the East Asian Institute at the National University of Singapore, has just written an insightful account of the East Asian financial crisis. On July 2, 1997, exactly 25 years ago, the Thai authorities devalued the baht, …
When online markets first emerged, there was widespread optimism that they would be fair and competitive. Unlike physical stores, consumers would be able to choose among dozens, perhaps hundreds, of websites with simply a click. This would drive intense …
Introduction July 1, 2022 marks the second anniversary since the U.S.-Mexico-Canada Agreement (USMCA) came into force. Over the last two years, trade among the North American partners has recovered to pre-pandemic levels having grown 22 percent since 2020 …
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. Upcoming …
As the second tranche of federal American Rescue Plan Act (ARP) funding flows to municipalities around the country, new realities are surfacing about cities’ and counties’ readiness to execute on this unprecedented amount of money. Not surprisingly, the …
In May, a University of Maryland Critical Issues Poll found a drop in the American public’s expressed preparedness to pay a price for supporting Ukraine in its war with Russia, compared to the levels expressed in March, on three dimensions: increased …
On June 30, Tunisian President Kais Saied released the draft of a new constitution that will be put to a referendum on July 25, the one-year anniversary of his presidential coup. The document envisions an authoritarian, hyper-presidential system with few …
The stakes for the 2022 midterm elections just got a lot higher. American democracy and majority rule, a cornerstone principle of our democracy, are on the ballot. The recent decisions to overturn Roe v. Wade and to allow gun owners’ to carry a weapon in …
The Federal Reserve underwent substantial turnover at the top in late 2021 and early 2022. President Biden nominated three new governors for the seven-member Federal Reserve Board in Washington. Two of the 12 regional Federal Reserve banks named new …
By Robin Brooks, Jonathan Pingle, David WesselTo protect against the economic effects of the pandemic, the federal government borrowed more than $5 trillion—about 20% of one year’s output—in 2020 and 2021. Now, in 2022, the Federal Reserve is attempting to …
The global economy is in the midst of a sudden slowdown accompanied by a steep run-up in global inflation to multidecade highs. These developments raise concerns about stagflation—the coincidence of weak growth and elevated inflation—similar to what the …
In West Virginia v. Environmental Protection Agency (EPA), the Supreme Court has struck down the never-executed centerpiece of the Obama administration’s climate policy: the Clean Power Plan, a set of rules governing fossil-fuel-fired electric generators. …
The deterioration in the global economic landscape has exacerbated suffering in the world’s poorest countries. Still recovering from the sharp downturn caused by the pandemic, low-income countries (LICs) are being hit hard by soaring inflation at home and …
The Russian Federation’s invasion of Ukraine was yet another supply shock to a global economy still reeling from the consequences of the COVID-19 pandemic. According to the June 2022 edition of the Global Economic Prospects report, global growth is …
