PUBLICATIONS

Despite strong economic conditions, survey data reveal substantial economic worry and discontent among Americans. Pew survey data from 2024 indicated that “strengthening the economy” was Americans’ top policy priority, above “defending against terrorism,” “reducing crime,” and “dealing with immigration” (Pew...

In “Beyond the Myths: A Clearer Path to Poverty Alleviation in America,” Melissa S. Kearney and James Sullivan reassess poverty trends and policy responses in the United States. They document that, contrary to common perceptions, poverty has declined substantially over...

The United States stands at a pivotal moment in economic policymaking.  The Trump administration has profoundly reshaped America’s approach to international economics, adopting a more confrontational stance on trade and retreating from long-standing multilateral agreements. In April 2025, the Trump administration...

The United States’ innovative edge depends on its ability to draw on the best talent from around the world. However, the laws that govern high-skilled immigration are outdated and misaligned with the needs of today’s economy. Only a small share...

In this paper, Jennifer Doleac describes what is known about crime trends in the US and outlines the best evidence to date on the effectiveness of various approaches to reducing crime through prevention, deterrence, and rehabilitation.  Crime in the US...

This paper, by Zachary Liscow, examines state capacity for infrastructure construction in the United States. It identifies three elements of state capacity that drive up costs and slow down timelines: insufficient personnel, onerous procedures, and a lack of adequate tools....

In this paper, Jason Furman addresses eight specific questions essential to understanding the US fiscal situation and what policymakers can do to address the federal debt. He finds that an adjustment of between 0.7 and 4.6 percent of GDP is...

This paper evaluates the current landscape of global trade and financial flows and proposes a set of reforms to support healthier forms of integration. Brad Setser finds that, despite the growing, bipartisan skepticism about the value of liberal trade, global...

Global tensions and domestic discontent are driving a new era of economic policymaking. Leaders in both parties are turning away from free-market principles and endorsing an increase in protectionist trade policies and more active government-directed industrial policy. Further, these disruptions...

DAVID DEMING, CHRISTOPHER ONG, LAWRENCE H. SUMMERS This paper explores past episodes of technological disruption in the US labor market, with the goal of learning lessons about the likely future impact of artificial intelligence (AI). The authors measure changes in...