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 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 …
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 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 …
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 …
John F. Kennedy confronted a second major crisis in 1962: the Chinese invasion of India, which threatened the territorial integrity of the world’s largest democracy. India appealed for and received US military aid in a major airlift. Kennedy also …
The Hutchins Center Fiscal Impact Measure shows how much local, state, and federal tax and spending policy adds to or subtracts from overall economic growth, and provides a near-term forecast of fiscal policies’ effects on economic activity. https://www. …
On July 13, U.S. President Joe Biden is scheduled to land at Ben Gurion Airport near Tel Aviv. In a change of plans, he will find not Naftali Bennett receiving him on the tarmac, but a new Israeli prime minister, Yair Lapid. The centrist Lapid, foreign …
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 a …
The Supreme Court overturned Roe v. Wade, rescinding the constitutional right to abortion—a protection that has been in place for nearly 50 years. This ruling transfers abortion-related decisionmaking and enforcement responsibilities to individual states. …
More than two years after the COVID-19 pandemic transpired into a global polycrisis, the path to economic recovery remains precarious. Furthermore, Russia’s invasion of Ukraine and its spillover effects on global commodity markets, supply chains, and …
A popular narrative holds that social programs that are targeted by income almost invariably fare poorly politically and tend to be cut or eliminated over time, while programs that are universal—available to people at all income levels—do much better. The …
By Anna Aizer, Claudia Persico, David WesselEconomic shocks can have outsized effects on children, interrupting their growth and development. How well did policy buffer households with children from the economic consequences of the COVID-19 downturn? How …
When U.S. President Joe Biden visits Saudi Arabia next month, he has an opportunity to advance his goal of ending the war in Yemen. Biden said early in his administration that ending the war is a top priority, a major and correct policy shift from his …
Traditional built environment and economic development practices are falling short in the face of a convergent set of environmental, economic, and social challenges. With each passing year, more communities find themselves vulnerable to extreme weather …
I saw my first Trump 2024 yard sign in rural Ohio on the way to my 50th high school reunion last weekend. It was in a county that had cast 78% of its 2020 vote for Donald Trump and judging from the “Let’s Go Brandon” sign next to it, the homeowner was no …
In the past, outsourcing production to other countries used to be a simple matter. America provided value through design capabilities and reliance upon domestically-produced components. Many businesses relied upon inexpensive labor from abroad to assemble …
In a historic summit this week, the North Atlantic Treaty Organization will adopt a new Strategic Concept, its first in 12 years, to guide the alliance’s policies in an increasingly uncertain European security environment. However, looming over it is …
Congress has recently shown serious interest in reauthorizing the Economic Development Administration (EDA), a Department of Commerce agency last authorized in 2004. Congressional appropriators will also have their turn in adequately resourcing the agency …
05 days 02:03:59
