How Might Fiscal Policy Respond to the Rise of Artificial Intelligence?

Some independent restaurants are throwing out all their bagged lettuce, while others have found ways to keep serving customers their leafy greens.

We harmonize survey data on interest rates paid by approximately 15,000 small and medium enterprises across 125 firm surveys and 285,000 households across 83 household surveys spanning developing and rich countries to study the relationship between monetary policy rates and borrowing costs faced by SMEs and households. Using within-country variation in policy rates over time,…

President Trump often says we’re the hottest country in the world, seeing trillions in investment. His number keeps rising while the Department of Commerce just restated $19.2 trillion. Most of this is from domestic sources, but the White House tally for foreign investment looks close to $6 trillion, led by the UAE, Qatar, Japan plus others as…

In The New York Times, Senators Bernie Moreno (R-OH) and Elizabeth Warren (D-MA) propose to “save” Social Security by lifting the cap on earnings subject to the payroll taxA payroll tax is a tax paid on the wages and salaries of employees to finance social insurance programs like Social Security, Medicare, and unemployment insurance. Payroll taxes…

“My son was recently diagnosed with lymphoma, which may be related to burn-pit exposure during his military service in Afghanistan.”