report June 16, 2021 What can the G-7 learn from China’s transition to climate-smart growth? As the leaders of the G-7 gathered for their summit in the U.K., the elephant was not in the room: China and its transition to a climate-smart growth. Over the last decade, China’s CO2 emissions rose by 25 percent to 14.1 billion tons and on a per capita basis increased to 10.1 billion tons a year, just below the... By Brookings Institute, Post, Uncategorized Brookings Institute
report June 16, 2021 Task Force on Financial Stability: Report release For the past year and a half, the Task Force on Financial Stability has been identifying gaps in the financial regulatory architecture and other features of the financial system that make it insufficiently resilient to adverse developments. Co-sponsored by the Hutchins Center at Brookings and the Initiative on Global Markets at the Chicago Booth School of Business, the task force recommends ways... By Brookings Institute, Event Brookings Institute
report June 3, 2021 As the EU debates rules for its economy, a more ambitious political vision is inevitable A year ago, the European Union arrived at a Hamiltonian moment. The sense of human solidarity in the face of the COVID-19 pandemic and the deaths it was causing pushed European leaders to make unprecedented choices. The heart attack suffered by the economy justified a surge of concrete and mutual support. To manifest it, fiscal rules constraining member states’... By Brookings Institute, European Union Brookings Institute
report May 27, 2021 COVID-19 is a developing country pandemic “Has global health been subverted?” This question was asked exactly a year ago in The Lancet. At the time, the pandemic had already spread across the globe, but mortality remained concentrated in richer economies. Richard Cash and Vikram Patel declared that “for the first time in the post-war history of epidemics, there is a reversal of which countries are... By Brookings Institute Brookings Institute
report May 27, 2021 Partnerships for public purpose: The new PPPs for fighting the biggest crises of our time We are currently facing some of the biggest crises of our time—climate change, learning loss, global health inequities, and more—and we need new approaches if we are to make meaningful progress toward tackling them. While there is no doubt that government plays an important role in helping to solve these critical issues and support social service programs to combat... By Brookings Institute Brookings Institute
report May 26, 2021 Figure of the Week: Closing the gender gap to reduce food insecurity in Africa In April of this year, the Oxford Business group released its “Agriculture in Africa 2021: Focus Report”. This report outlines the region’s export potential and food security challenges in the face of the detrimental impacts of the COVID-19 pandemic. It also explores how the creation of the African Continental Free Trade Area (AfCFTA) and the modernization of agricultural processes... By Brookings Institute Brookings Institute
report May 26, 2021 20210525 World Trade Online Joshua Meltzer [On provisions related to cybersecurity in USMCA and a digital trade agreement between the U.S. and Japan] It's about information sharing and so forth, but I think it's clearly the beginning of what I would expect to be a more elaborated set of ways that trade partners can cooperate on cyber issues, because I think this will be an... By Brookings Institute Brookings Institute
report May 26, 2021 Agricultural insurance: The antidote to many economic illnesses In recent years, the world has encountered a range of compounding shocks: droughts, floods, wildfires, cyclones, and most recently, a worldwide pandemic that has taken over 3.3 million lives—some estimates even indicate up to 13 million deaths. Although the pandemic will (eventually) pass, the next global challenge is already upon us. Climatic shocks are expected to increase in frequency... By Brookings Institute Brookings Institute
report May 18, 2021 Measuring the financial health of Americans Executive summary It is often said that what gets measured gets managed. It’s no wonder, then, that the federal government has been challenged to improve the financial health of American families. Despite all of the data the government collects and analyzes, the reality is that we do not have an accepted method of assessing financial health nor the right data... By Brookings Institute Brookings Institute
report April 29, 2021 Universal bank accounts necessary for families to bank on Child Tax Credit The expansion of the Child Tax Credit (CTC) enacted into law as part of the American Rescue Plan should provide major benefits to millions of families, but there’s a catch: people need to be able to receive the money. The COVID-19 pandemic demonstrated that Uncle Sam struggles to get money to families. Stimulus payments were sent out slowly, and... By Brookings Institute Brookings Institute
report April 13, 2021 Diversity within the Federal Reserve System A growing chorus has called on the Fed to diversify its ranks at all levels to reflect better the heterogeneity of the United States. So far most of these efforts speak to the diversity of the Fed’s principals, namely, the members of the Fed’s Board of Governors and the presidents of the twelve Federal Reserve Banks. In this study,... By Brookings Institute Brookings Institute
report March 25, 2021 Congruent financial regulation The turmoil that roiled financial markets after the first COVID-19 lockdowns in March 2020 underscores the need to better coordinate regulation of economically similar financial activities, whether inside or outside the banking system, according to a paper discussed at the Brookings Papers on Economic Activity (BPEA) conference on March 25. The paper—Congruent financial regulation by Andrew Metrick of Yale University... By Brookings Institute Brookings Institute
report March 1, 2021 A few small banks have become overdraft giants The explosion of overdraft fees makes basic banking expensive for people living paycheck to paycheck. Banks and credit unions generate over $34 billion in overdraft fees annually by one estimate. What those with money experience as ‘free checking’ is quite expensive for those without. Prior research has focused on who pays overdraft, finding a small number of people (9%)... By Brookings Institute Brookings Institute
report February 23, 2021 Government-sponsored enterprises at the crossroads Fannie Mae and Freddie Mac (the government-sponsored enterprises, or GSEs) play a foundational role in the U.S. housing market, providing financing to lenders for nearly half of current U.S. mortgages by buying the mortgages from lenders and packaging and selling them to investors. This makes mortgages cheaper and more available across the country. During the housing boom of the 2000s... By Brookings Institute Brookings Institute
report February 17, 2021 Economic Impact Payments: Uses, payment methods, and costs to recipients Executive Summary When the COVID-19 crisis struck the United States in the spring of 2020, it posed a threat not only to the physical health of Americans but also to their financial health. The crisis found most Americans in financially vulnerable or coping positions, and many with incomes that barely made ends meet, high levels of debt, and low levels... By Brookings Institute Brookings Institute
report February 8, 2021 Gian Maria Milesi-Ferretti Gian Maria Milesi-Ferretti is a senior fellow in the Hutchins Center on Fiscal and Monetary Policy. He was previously Deputy Director in the Research Department of the International Monetary Fund (2014-21). In this role, he directed the department’s work on multilateral surveillance, including the World Economic Outlook, G-20 reports, spillover analysis, and economic modeling. Between 2012 and 2014 he... By Brookings Institute Brookings Institute
report January 29, 2021 The future of blockchain and digital markets: A perspective from the World Economic Forum On Thursday, February 11, the Center on Regulation and Markets at Brookings hosted Sheila Warren, head of data, blockchain and digital assets and member of the Executive Committee at the World Economic Forum, to talk about blockchain, digital currencies, and other recent developments in digital markets. Sanjay Patnaik, director of the Center on Regulation and Markets at Brookings, moderated... By Brookings Institute Brookings Institute
report January 22, 2021 Climate change and financial market regulations: Insights from BlackRock CEO Larry Fink and former SEC Chair Mary Schapiro There is growing interest among regulators around the world in helping to address climate change through the levers of financial market regulation. In addition, private companies are starting to elevate the importance of climate and sustainability risk for investment decisions. These developments are essential for influencing the behavior of market participants towards low-carbon investments and mitigating climate risks for... By Brookings Institute Brookings Institute
