Research Brief

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
Podcast episode Oct 22, 2020

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...
Research Brief

Fifty Shades of QE: Conflicts of Interest in Economic Research

In response to the COVID-19 pandemic, the Federal Reserve dusted off one of its unconventional monetary policy tools from the Great Recession—quantitative easing, or QE. This practice, whereby the Fed purchases long-term securities in the open market, is meant to increase the money supply and, thus, encourage lending and investment. The Fed originally introduced this program in 2009 when interest rates were near zero, thus rendering traditional monetary policy ineffective and limiting the Fed’s ability to address the economic slump.
Insight Oct 12, 2020

We’re public health experts. We need to do a better job of talking to conservatives.

Washington Post; Lindsey J. Leininger, Harold Pollack
Topics:  COVID-19
Podcast episode Oct 8, 2020

Deep Dive Series – The Health Care Conundrum, Part 2

Eduardo Porter, Tess Vigeland, Katherine Baicker, Stacy Lindau, Neale Mahoney, David Meltzer, Kenneth Polonsky
The US pays roughly twice as much per person for healthcare as other wealthy nations....
Topics:  COVID-19, Health care
Podcast episode Sep 24, 2020

Deep Dive Series – The Health Care Conundrum, Part 1

Eduardo Porter, Tess Vigeland, Katherine Baicker, Pietro Tebaldi
The global pandemic has revealed critical gaps and weaknesses in the US health care system....
Topics:  COVID-19, Health care
Podcast episode Sep 11, 2020

Deep Dive Series – Climate vs. Development: The Global Dilemma

Eduardo Porter, Tess Vigeland, Michael Greenstone, Amir Jina
How you experience the global energy crisis and climate change depends in large part on...
Topics:  Energy & Environment
Research Brief

The Allocation of Talent and US Economic Growth

Imagine falling sick in a world where half or more of all the good doctors were intentionally kept out of the profession. How confident would you be in the care you received? Or imagine that you needed a lawyer to get you out of a tight legal jam, yet roughly half of the brightest legal minds were intentionally unavailable?
Topics:  Employment & Wages