Emerging market economies faced sharply higher inflation at the onset of the pandemic, yet they've proved impressively resilient since then.

On April 22, Brookings hosted a conference focused on inflation in three emerging markets. Read about it here:
brookings.edu/articles/the-c…

Ahead of the Federal Reserve's latest interest rate decision, Ben Harris joined Ben Thompson with BBC News (UK) to discuss how expectations for rate cuts have shifted dramatically in recent weeks, and just how much inflation affects Americans' views of the economy.

Critics of US policy aimed at cutting drug prices argue it lets the government interfere with a free market.

Yet today's drug market is far from what Adam Smith would've considered 'free,' Richard Frank, @cutler_econ, and Dr. Rena Conti write in NEJM.
nejm.org/doi/full/10.10…

A new historical dataset of state unemployment rates shows that, apart from the COVID recession, states' downturns have been increasingly similar in length and severity.

Read more from Andrew Fieldhouse, David Munro, Christoffer Koch, and Sean Howard:
brookings.edu/articles/the-e…

The solvency of Social Security and Medicare is in jeopardy.

'Immigration policy cannot fully solve this challenge, but expansions in immigration can assist in addressing the shortfall,' Tara E W writes.
brookings.edu/articles/how-i…

The improvised strategy to fight COVID-19, from masking up to limiting group activities, prevented close to 800,000 deaths in the US, Andrew Atkeson of UCLA and Stephen Kessler of CU Boulder 🦬 find in new research.

Read more of their BPEA paper: brookings.edu/articles/the-i…

Business formation picked up sharply in the years after the pandemic. While business ownership is more common among white households, Black and Hispanic families' ownership rates rose from 2019 to 2022, Wendy Edelberg and Nadia Steinmetz-Silber write.
brookings.edu/articles/the-c…

The importance of financial stability has been painfully obvious since the global financial crisis of 2007-09.

On 5/8, Brookings will host Federal Reserve Governor Dr. Lisa D. Cook for a discussion of the Fed's semi-annual Financial Stability Report.

brookings.edu/events/a-conve…

In a new episode of the Brookings Podcast on Economic Activity, Janice Eberly, Andrew Fieldhouse, David Munro, @Lsheiner, and Jon Steinsson discuss how states' economic cycles have become increasingly similar, and what that means for worker migration.
brookings.edu/articles/do-us…

Americans used to move from state to state to find work.

That migration has slowed, and states' economic cycles look more and more uniform, according to Andrew Fieldhouse and David Munro. Senior Fellow Louise Sheiner talks with them on a new Brookings podcast.
brookings.edu/articles/do-us…

Here's a TV interview where I make my case to ignore the sticker price based on my @brookingsecon research along with a MyinTuition call out! youtube.com/watch?v=WRaEaw…

An outdated understanding of the labor market and stereotypical assumptions contribute to a safety net that often excludes able-bodied adults without dependents (“ABAWDs”). Learn more from the Hamilton Project's new research.
hamiltonproject.org/publication/th…

Businesses that value data can maximize their profit by cutting prices to attract more data-generating transactions.

Instead of outlawing such harvesting, regulations should focus on making the deal more explicit, Isaac Baley Gaytán and Laura Veldkamp write.
brookings.edu/articles/the-p…

The two US presidential candidates have starkly different plans for developing the country's workforce. Whoever wins reelection will have to consider dislocations linked to AI technologies and retiring baby boomers, @holzerharry writes.
brookings.edu/articles/3-cri…

Regulators should “look more positively on proposed mergers of mid-size regionals' to help those banks better compete with the country's largest lenders, Harvard researchers write in a new paper.

Read more: brookings.edu/articles/the-e…

In case you missed it, Brookings and Miami Dade College partnered for a discussion about the 2024 elections and what they mean for the government's debt problem.

Read a recap of the panel featuring Ben Harris, Chairman Oliver G. Gilbert III, Douglas Holtz-Eakin, and Betty Nguyen brookings.edu/articles/what-…

'Financial innovations can scale more rapidly than ever thought possible for reasons nobody could have anticipated,' Timothy Massad writes. 'That is a strong caution against the 'let it burn' mentality with respect to crypto.'

Read more of his new paper: brookings.edu/articles/stabl…

During a joint event with Miami Dade College, Brookings Vice President Ben Harris explained how the federal government's growing debt pile can lead to higher interest rates, pricier homes, and more expensive credit card bills.

You can watch the full event here: brookings.edu/events/whats-a…

Conversations about the cost of higher education typically focus on the 'sticker prices' that colleges list. Yet that measure is an increasingly poor indicator of actual college prices, regardless of family income, Phil Levine writes in a new paper.

brookings.edu/articles/ignor…

As the U.S. population ages, policymakers face two challenges: the solvency of old-age support programs like Social Security and a shortage of direct care workers.

Smart immigration policy reforms can help address both problems, Tara E W writes.
brookings.edu/articles/how-i…