Policy & the Economy
March 27, 2026
Why We Should Worry About Stagflation
Oil price shock? Rising inflation? Slowing economy? It’s a mix that economists dread, and it’s bad news for businesses and households.
Phillip Braun
March 1, 2026
The Slow Drip of Price Increases
An economic model helps explain why starting low and slowly increasing prices often leads to the highest profits over time.
Suraj Malladi
February 24, 2026
The New Global Order
As the post–Cold War era recedes, new spheres of influence are emerging.
Nancy Qian
February 1, 2026
Is AI Turning Back the Clock on the Job Market?
Historically, new technologies have replaced jobs requiring more manual tasks. But AI is doing the opposite, with big implications for workers.
Huben Liu, Dimitris Papanikolaou, Lawrence Schmidt and Bryan Seegmiller
February 1, 2026
4 Trends to Watch in China’s Economy
The challenges go beyond tariffs and trade wars. A Kellogg expert discusses real-estate anxieties, youth unemployment, and other factors clouding the nation’s outlook.
Nancy Qian
December 11, 2025
Can America Win the New Race for Scientific Leadership?
If the U.S. has truly entered a second Cold War, it should repeat the strategy that helped it win the first one: expanding the scientific frontier at home.
Nancy Qian
November 20, 2025
The Economic Price We Pay for War
A study of armed conflict in the post–World War II era finds that no matter the outcome on the battlefield, economies suffer on all sides.
Efraim Benmelech and Joao Monteiro
August 12, 2025
The Crisis of the Chinese Family
Declining fertility rates in China might prove particularly destabilizing—and difficult to reverse.
Nancy Qian
August 1, 2025
Is It a Coin Flip or Is It Justice? It Could Be Both.
Game theory shows that it often makes sense for judges to rule at random.
Alvaro Sandroni and Leo Katz
July 1, 2025
When Memory Leads to Wrong Moves
In new situations, we tend to rely on past strategies to guide our decisions—even when a fresh approach may be better.
Yuval Salant, Jörg L. Spenkuch and David Almog
July 1, 2025
Fixing a Market Mismatch
Nurturing markets in areas where products or services are needed but conspicuously absent is about more than supply and demand.
Andrew Dillon and Nicoló Tomaselli
April 23, 2025
What Trump Wants From Tariffs … and What the U.S. Might Get Instead
The administration hopes to bring back manufacturing and reduce trade deficits. But renegotiating trade may damage global trust in the U.S.
Nancy Qian
February 17, 2025
Trump’s Trade War Is about More Than Trade
Winning its trade war with China would help the U.S. negotiate better trade terms, but American consumers and businesses could pay a heavy price.
Nancy Qian
January 13, 2025
The Cold, Cold History of Political Conflict
Sustained temperature shifts during the “Little Ice Age” led to wars, mass migration, and instability. What does this mean for our current moment?
Murat Iyigun, Joris Mueller and Nancy Qian
January 7, 2025
China’s Economy Has Not Peaked
Chinese policymakers should allow for a more market-driven allocation of land, money, and labor.
Nancy Qian
December 3, 2024
Overnight Success? AI Has Been a Century in the Making.
For clues about the future of AI, it helps to understand the past.
Sergio Rebelo
September 24, 2024
When the Minimum Wage Rises, Do Men and Women Benefit Equally?
The policy is gender-neutral. The impact, less so.
Decio Coviello, Erika Deserranno and Nicola Persico
September 1, 2024
Why Do Prices Rise Like Rockets … but Fall Like Feathers?
Behavioral psychology sheds light on a longstanding economic puzzle.
Sergio Rebelo, Pedro Teles and Miguel Santana
August 12, 2024
Would Trump Escalate the U.S.–China Trade War?
If former U.S. President Donald Trump returns to the White House, he would likely impose sweeping tariffs against China. His policy agenda would harm lower-income households the most.
Nancy Qian
August 8, 2024
5 Trends in a Volatile Global Economy
“We live in an interesting world, one with much upside as well as significant downside.”
Sergio Rebelo
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The Insightful Leader
March 10, 2026 · 16:52 minutes
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