Policy & the Economy
![inflatable dollar sign tied down with mountains in background](/imager/clientcontent/307792/Full_0522_Inflation_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/307792/Full_0522_Inflation_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/307792/Full_0522_Inflation_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
May 3, 2022
Larry Summers on Inflation and the Fed’s Attempts to Cool the Economy
In a recent Q&A with Kellogg’s Jan Eberly, Summers is skeptical that the economy can achieve a “soft landing.”
Larry Summers and Janice C. Eberly
![group of people engaged in a problem-solving exercise](/imager/clientcontent/309322/Full_0522_problem_solving_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/309322/Full_0522_problem_solving_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/309322/Full_0522_problem_solving_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
May 1, 2022
Tackling Global Poverty Takes More Than Cash
New research points to the power of including psychosocial interventions—such as group problem-solving—alongside economic ones.
Dean Karlan, Christopher Udry and and coauthors
![](/imager/clientcontent/303525/Full_0422_offshore_profits_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/303525/Full_0422_offshore_profits_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/303525/Full_0422_offshore_profits_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 29, 2022
Why Are U.S. Companies Hoarding So Much Cash?
More than anything else, it comes down to taxes.
Michael Faulkender, Kristine W. Hankins and Mitchell A. Petersen
![man with giant wrench closes oil pipeline](/imager/clientcontent/307456/Full_0522_Sanctions_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/307456/Full_0522_Sanctions_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/307456/Full_0522_Sanctions_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 29, 2022
Why Sanctions Against Russia Are Falling Short
Game theory offers an explanation.
Sandeep Baliga
![“Smart containment” offers better health and economic outcomes than quarantines alone.](/imager/clientcontent/227280/2020-05_testing_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/227280/2020-05_testing_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/227280/2020-05_testing_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 26, 2022
China Is Caught in a COVID-19 Trap of Its Own Making
Why moderating its “zero-COVID” strategy is proving difficult.
Nancy Qian
![people in various states on a U.S. map look at a graph measuring policy uncertainty.](/imager/clientcontent/304897/Full_0422_Uncertainty_Index_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/304897/Full_0422_Uncertainty_Index_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/304897/Full_0422_Uncertainty_Index_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 8, 2022
How Does Economic Uncertainty Play Out at the Local Level?
Indexing policy uncertainty by state provides new insights—and offers local governments a cautionary tale.
Scott R. Baker, Steve Davis and Jeffrey Levy
![planet earth seen from space cracking on the surface](/imager/clientcontent/304003/Full_0422_planet_cracks_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/304003/Full_0422_planet_cracks_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/304003/Full_0422_planet_cracks_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 6, 2022
3 Economic Implications of Russia’s War on Ukraine
“We are seeing a world that’s going to be less than the sum of its parts.”
Sergio Rebelo
![four doctors brainstorm a medical innovation](/imager/clientcontent/300047/Full_0322_medical_innovation_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/300047/Full_0322_medical_innovation_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/300047/Full_0322_medical_innovation_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 5, 2022
We Hear a Lot about New Drugs. But What Spurs Innovation in Medical Procedures?
There’s been little research on what brings about new procedures, despite how life-changing they can be.
David Dranove, Craig Garthwaite, Christopher Heard and Bingxiao Wu
![group of working class people at bar watch TV of fed interest rate hike](/imager/clientcontent/304535/Full_0422_interest_rate_hikes_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/304535/Full_0422_interest_rate_hikes_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/304535/Full_0422_interest_rate_hikes_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 4, 2022
When Interest Rates Climb, Some Workers Are Left Behind
When the Fed moves to cool the economy, it can disproportionately hurt female, Black, and less-educated workers in slack labor markets.
Nittai K. Bergman, David A. Matsa and Michael Weber
![patient hides cigarette behind back from doctor](/imager/clientcontent/291325/Full_1221_Patients_Stigma_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/291325/Full_1221_Patients_Stigma_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/291325/Full_1221_Patients_Stigma_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 1, 2022
How Social Stigma Can Dissuade Us from Taking Care of Our Health
A new study explores the decisions that go into seeking preventative care.
Chethana Achar, Lea Dunn and Nidhi Agrawal
![Investors discuss doing business in China](/imager/clientcontent/132914/china_final_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/132914/china_final_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/132914/china_final_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
March 17, 2022
Will Putin's War Slow China's Growth?
The additional spike in food and energy prices caused by the Russia–Ukraine conflict could be devastating for China. But the country’s neutral political stance toward the war may also yield economic gains.
Nancy Qian
![Tax structure impacts career choice](/imager/clientcontent/15893/taxes_final2_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/15893/taxes_final2_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/15893/taxes_final2_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
March 14, 2022
5 Things You May Not Know about Tax Policy
How do income taxes impact people’s career choices? And do soda taxes actually work?
Charles Nathanson, Anna Tuchman, Filippo Mezzanotti, Therese McGuire and Sergio Rebelo
![](/imager/clientcontent/301282/0601204_immigrant_hero_2022-03-09-205202_psxr_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/301282/0601204_immigrant_hero_2022-03-09-205202_psxr_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/301282/0601204_immigrant_hero_2022-03-09-205202_psxr_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
March 11, 2022
How Climate Disasters Ripple Through the Labor Market
Environmental crises are increasingly leading workers to migrate. What happens next?
Albert Christoph, Paula Bustos and Jacopo Ponticelli
![aspects of the economy in mural form](/imager/clientcontent/257504/Full_0321_COVID_Economy_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/257504/Full_0321_COVID_Economy_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/257504/Full_0321_COVID_Economy_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
February 10, 2022
6 Takeaways on Today’s Economy
A finance professor breaks down the data on inflation, the labor market, and the future of cities.
Sergio Rebelo
![person walking toward vaccine clinic](/imager/clientcontent/295152/Full_0222_vaccine_clinic_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/295152/Full_0222_vaccine_clinic_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/295152/Full_0222_vaccine_clinic_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
February 2, 2022
Psychological Factors—More Than Demographics—Drive Vaccine Behavior
The finding gives policymakers and medical professionals an important tool.
Angela Y. Lee, Jiaqian Wang, Ulf Bockenholt, Leonard Lee, Rafal Ohme and Catherine Yeung
![stopwatch as wrecking ball demolishing skyscraper](/imager/clientcontent/292019/Full_0122_Efficient_Bureaucracy_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/292019/Full_0122_Efficient_Bureaucracy_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/292019/Full_0122_Efficient_Bureaucracy_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
February 1, 2022
Is an Efficient Government Always a Good Thing?
History sheds light on how processes designed to serve citizens can also be put to nefarious ends.
Leander Heldring
![woman working from home couch with dog](/imager/clientcontent/295153/Full_0222_work_from_home_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/295153/Full_0222_work_from_home_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/295153/Full_0222_work_from_home_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
February 1, 2022
Covid Hit in an Era of Broadband and Zoom. How Much Did That Help the Economy?
A new study sheds light on the impact of remote work on GDP in 2020.
Janice C. Eberly, Jonathan Haskel and Paul Mizen
![a man attending a job fair navigates laser sensors](/imager/clientcontent/292723/FULL_0122_noncompetes_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/292723/FULL_0122_noncompetes_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/292723/FULL_0122_noncompetes_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 21, 2022
It May Be Time to Reconsider That Noncompete Agreement
Federal regulators are cracking down on hiring practices that restrict employees’ wages and ability to work for competitors. Here’s what companies should know.
Mark McCareins
![two people stand on a scatterplot grid](/imager/clientcontent/293065/Full_0122_nonstandard_error_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/293065/Full_0122_nonstandard_error_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/293065/Full_0122_nonstandard_error_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 7, 2022
When a Bunch of Economists Look at the Same Data, Do They All See It the Same Way?
Not at all, according to a recent study, which showed just how much noise can be introduced by researchers’ unique analytical approaches.
Robert Korajczyk, Dermot Murphy and and coauthors
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