In a new working paper, “Macroeconomic Stabilization for a Post-Pandemic World,” we make the case that the traditional canonical model of macroeconomic stabilization—which placed the main burden of stabilization on monetary policy—is outdated and urgently …
This has been quite a time for U.S. public schools, from pandemic-induced shutdowns to clashes across the country over one issue after the next. In this context, it’s fair to wonder—and maybe worry about—how Americans’ attitudes toward public education …
The Ukraine war and the world’s reaction to it will be a decisive factor in shaping the global political and economic order in the decade ahead. In particular, the Western allies’ actions, narratives, and planning regarding both Russia and the role of the …
[Pakistan has seen showdowns between civilian leaders and the military before, but nothing like this.] I think we're in an unprecedented moment in terms of the kind of confrontation, the kind of potential turmoil it could generate. That is what we' …
For the past few years, prominent diplomats and scholars of U.S.-China relations have worried that the nearly half-century-long absence of major war in East Asia might come to an end as a result of the drastic deterioration of the bilateral relationship. …
Too many families in the U.S. struggle to put food on the table. During the pandemic, both tried-and-true policy levers and brand-new programs and flexibilities were put in place to help families. In the aggregate, the combination of additional resources …
Prescription drug spending and drug prices are central to concerns about rapidly rising health spending. A variety of legislative proposals have been advanced aimed at reining in drug prices and drug price growth. The debate around these proposals is …
Current polls give a high probability that a right-wing coalition will win Italy’s next elections on September 25. Giorgia Meloni, leader of Brothers of Italy (Fratelli d’Italia, or FdI), the right-wing party that is heading the polls, could become Italy’s …
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. …
With the 2022 midterm election fast approaching, the Latino electorate has again emerged as a critical factor in deciding whether Republicans will take over control of Congress. Often referencing Trump’s improved performance with Latino voters in 2020 …
Can an artificial intelligence (AI) system be a named inventor on a United States patent? No, says a federal appeals court in a decision issued earlier this month. The case, Thaler v. Vidal, arose from two patent applications filed in 2019 by Stephen …
Ever since June 24, 2022, when the Supreme Court issued a ruling overturning the right to abortion, people have been trying to predict its impact on the upcoming midterm elections. Polling data offer some clues; Gallup found that the number of Americans …
New directions in beneficial ownership transparency—focused on establishing the actual owners or beneficiaries of entities—have emerged as a critical driver of progress in combating corruption. The importance of beneficial ownership transparency was …
As data continues to accumulate on how local governments are using their flexible funds from the American Rescue Plan Act (ARPA), a picture is forming around the priorities these places sought to address through the first year of the program. Last month, …
[The crackdown between the government and Mr. Khan appears to have heightened Mr. Khan’s popularity, bolstering his claims that the military establishment conspired to topple his government in April.] What differentiates this moment from previous moments …
[Khan's support from the masses across the country gives him an edge.] What Khan has at the moment that some of his predecessors did not have when they faced a crackdown is the ability to turn out street power. The increasing crackdown and now …
The usefulness of municipal bond issuers’ financial disclosures is a source of considerable debate. Our paper, “The Information Content of Municipal Financial Statements: Large-Sample Evidence,” provides evidence that disclosure matters to municipal bond …
New revelations from the January 6 hearings continue to shock the nation. And while former President Donald Trump failed in his attempt to undermine a peaceful transition of power, it’s dangerous to assume that an end to Trumpism is an end to all of …
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