Norbert Michel and Jai Kedia Last week at Brookings, Ben Bernanke, former Fed chair, and Olivier Blanchard, former chief economist of the International Monetary Fund, released an empirical study of the inflationary episode that followed the COVID-19 government shutdowns. According to the authors, the supply constraints

Romina Boccia Within mere days of the X‑day deadline for when the federal government would run out of wiggle room to keep borrowing under the statutory debt limit, the President’s and House Speaker McCarthy’s negotiators released the Fiscal Responsibility Act (H.R.3746). Here’s what you need to

Chris Edwards Congress is considering the Biden‐​McCarthy debt‐​reduction deal. The Fiscal Responsibility Act of 2023 would reduce deficits by $1.5 trillion over the coming decade. The reduction would be a start at righting the federal government’s fiscal ship, but just a small start. The $1.5 trillion in savings would take

Marc Joffe In early May, a video showing a physician’s assistant and a group of teenagers arguing over a shared e‑bike in Manhattan went viral. The video gave rise to conflicting narratives about race and gender, but it also has an important transportation policy implication: at least in New York,

David J. Bier Student visas are the primary jumping‐​off point for most high‐​skilled immigration to the United States. Immigrants study at America’s elite universities and then find jobs here when they graduate—largely through the post‐​graduate employment authorization program called Optional Practical Training. Despite the importance of