5 Ways to Adopt the Experimental Approach to Innovate in International Development
USAID; Michael Kremer
Take-up and Targeting: Experimental Evidence from SNAP
There are programs in the United States that provide food and health care, for example, to individuals who otherwise cannot afford them. All they have to do is apply. And yet many eligible individuals choose to not apply for those benefits.
The Economic Consequences of Bankruptcy Reform
For some individuals with high levels of debt and no means to pay it all back, bankruptcy can mean a fresh start by offering creditors partial repayment while remaining debts are forgiven. This new beginning is not painless for debtors, as they must liquidate personal property, which means not only cash, stocks, or bonds, but can also include such items as collectables and family heirlooms. For creditors, bankruptcy may offer at least some repayment but often leaves them wanting.
Impact of the COVID-19 Crisis on Family Dynamics in Economically Vulnerable Households • The Education Gradient in Maternal Enjoyment of Time in Childcare
A Google search of “parenting and mothers during covid” in mid-October 2020 returned nearly 300...
Topics: COVID-19, Economic Mobility & Poverty, Early Childhood Education
Deep Dive Series – The Future of Money?
Eduardo Porter, Tess Vigeland, Eric Budish, Brian Platz, Yuval Rooz, Luigi Zingales
If use of cash continues to wane, will cryptocurrency be the new dollar bill? Is...
Topics: Technology & Innovation
Elections, Political Polarization, and Economic Uncertainty
Uncertainty is the bane of economic decision-making. Whether to invest, start a new business, change jobs, or a myriad of other questions are difficult choices even in relatively stable times (however one chooses to define “stable”). However, such events as hotly contested national elections turn up the dials of uncertainty and complicate decision-making beyond normal bounds of ambiguity. This is especially true when a large gap exists between the likely economic policies of competing candidates and political parties.
Effective Policy Communication: Targets versus Instruments
In recent decades, and especially since the Great Recession, interest rates have remained very low, meaning that central banks have had to devise new ways to invigorate the economy in times of recession. In some cases, like quantitative easing, whereby central banks purchase long-term securities in the open market to increase the money supply and encourage lending and investment, these new tools are deemed unconventional.
Topics: Monetary Policy
Deep Dive Series – Is the Future Cashless?
Eduardo Porter, Tess Vigeland, Fernando Alvarez, Raghuram Rajan
When COVID lockdowns started, the use of cash plummeted. But the pandemic only accelerated a...