Productivity is a key driver of long-term economic growth. The past couple of decades have seen a broad-based slowdown in productivity growth across economies. Technological advances are a major source of improvements in productivity, so a big puzzle is …
The past few years have shaken the world economy—COVID-19, the Russian invasion of Ukraine and the resulting sanctions, the global spike in prices of food, energy, and other things, the rise in interest rates around the world, a slowdown in economic growth …
The first phase of the COVID-19 pandemic took its toll on the populations of many of the nation’s largest cities and metropolitan areas. During the peak pandemic year (July 2020 through July 2021), national population growth dropped to a new low due to …
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USAID recently released the Policy Framework, a document that provides a comprehensive overview of key USAID policies and priorities, connects development policy to U.S. foreign policy and national security goals, and shows the interconnections among …
Thank you, Brahima and Brookings, for inviting me today. I know you likely have plenty of questions for me about what lies in store this week, but I would like to take a few minutes first to talk about some of Treasury’s priorities. Economic and financial …
Last month marked the two-year anniversary of the American Rescue Plan Act’s (ARPA) passage, and with it, the $350 billion Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program. Of that total, approximately $65 billion was allocated to large …
Brookings Senior Fellows Richard Bush and Ryan Hass, co-authors with Bonnie Glaser of a new Brookings Press book on U.S.-Taiwan relations in the context of China’s challenge, argue that tensions between the PRC and Taiwan can only be resolved with the …
Mansur Yavaş, Kemal Kılıçdaroğlu, Ekrem İmamoğlu and Selvi Kılıçdaroğlu on March 6th, 2023. Photo from a video published by the Cumhuriyet Halk Partisi (CHP) via Wikimedia Commons. By Kemal Kirişci and Berk Esen There is less than a month to go until what …
On May 14, Turkey will hold what could end up as its most consequential election of the last decade, with huge implications for the country’s domestic trajectory, its neighborhood, and the global balance of power. For the first time in his two decades of …
President Biden heads toward the 2024 campaign with the federal government’s job rating in decline, support for a smaller government increasing, and the demand for major government reform at a 30-year high. Biden not only needs to reverse the recent drop …
Companies increasingly rely on an extended workforce (e.g., contractors, gig workers, professional service firms, complementor organizations, and technologies such as algorithmic management and artificial intelligence) to achieve strategic goals and …
In addition to large fiscal packages, governments around the world utilized credit market interventions to support their economies during the pandemic. However, the impact and importance of these policies has not been fully analyzed. Gee Hee Hong of the …
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. Jósef …
There has been mounting concern in Washington about a potential Chinese military invasion of Taiwan, especially given Russia’s assault on Ukraine. How close is the situation in the Taiwan Strait to conflict? What factors and events have pushed risk higher …
The perils of sharp geopolitical rivalry are evident today with the outbreak of war in Europe with Russia’s invasion of Ukraine, closer Sino-Russian alignment that challenges the global liberal order, and the deterioration in U.S.-China relations, …
The World Bank Evolution Roadmap is being developed at a critical moment in time. Developing countries have been hit by the unprecedented impact of the COVID-19 pandemic and the Ukraine war, with loss of fiscal buffers, increased indebtedness, and erosion …
As interest from investors in funds with environmental, social, and governance (ESG) policies has grown, so has a backlash from some politicians. Laws curtailing public sector activity with funds that take ESG-friendly actions have been proposed or passed …
Executive Summary The threat of climate change due to anthropogenic emissions of greenhouse gases has led policymakers around the world to implement a growing number of carbon pricing schemes to reduce emissions, either through carbon taxes or market-based …
Investments in place matter. Public spaces such as parks and community centers as well as businesses such as restaurants and bars signal local prosperity, add a richness to the neighborhood, and enhance community wealth by attracting further investment. …
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