Economic Policy

Economic policies are the end results of economic planning: the decisions governments make to influence the production, consumption, and sharing of wealth. RAND research has explored economic policies from the local to the international level, including their effects on international trade and foreign relations, their relation to policies focusing on public health and the environment, and their impact on economic growth and recessions.

  • Traders work on the floor of the New York Stock Exchange after an announcement by the Federal Reserve, October 28, 2015


    Zero Interest, Greater Inequality?

    Low interest rates mandated by the Federal Reserve may have had and possibly continue to have adverse effects on income inequality. Those who argue for continuing near-zero short-term interest rate policy should be cognizant of this.

    Nov 2, 2015

  • Colleagues discussing ideas


    Do Young 'Elites' Favor Income Redistribution?

    Young “elites” — employed Americans who are 40 or younger, with high household incomes and graduate degrees — and especially Democratic elites have a strong preference for income redistribution.

    Oct 8, 2015

  • Greek Prime Minister Alexis Tsipras (C) at the first meeting of the new cabinet in the parliament building in Athens, Greece September 25, 2015


    The Greek Tragedy's Next Act Unfolds

    On regaining the mantle of prime minister, Tsipras should expect little, if any, honeymoon from the Greek electorate, as he faces not just the implementation of austerity measures demanded by the International Monetary Fund and the EU: He must also cope with Greece's part of a European migration crisis of historic proportions.

    Sep 27, 2015

  • A market in Indonesia


    Reforming Policies for SMEs in Indonesia

    Small and medium-sized enterprises are critical for emerging economies like Indonesia but simultaneously challenging for policymakers looking to support their growth. Interviews with 192 firms in Indonesia investigate the constraints they face and how existing programs do — or do not — help.

    Jul 20, 2015

  • Pro-Euro protestors hold Greek national flags during a rally in front of the parliament building, in Athens, Greece, June 30, 2015


    The Political Solution to the Greek Financial Crisis

    The outcome of Greece's financial crisis will have broad consequences for its already-devastated economy and, to a considerable extent, for the rest of Europe. The core problem is less about economics than about politics.

    Jun 30, 2015

  • Greek Prime Minister Alexis Tsipras at the St. Petersburg International Economic Forum, June 19, 2015


    Greek Financial Crisis: All You Need to Know

    Europeans should not rush to eject the Greeks from either the euro or the E.U. They should have the patience to let Greek politics run its course.

    Jun 21, 2015

  • Glass globe on graph of world economies and currency


    Puzzles, Paradoxes, Controversies, and the Global Economy

    In a wide-ranging collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world's economies, including those of China, the United States, Japan, Korea, India, and others.

    Jun 1, 2015

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    Puzzles, Paradoxes, Controversies, and the Global Economy

    In this wide-ranging collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world's economies, including those of China, the United States, Japan, Korea, India, and others.

    Jun 1, 2015

  • Iraqi security forces during a patrol, looking for Islamic State militants on the outskirts of Ramadi, April 9, 2015


    Iraq Is Bankrolling ISIL

    Iraq continues to fund ISIL by continuing salaries to the many Iraqi government employees who live in ISIL-controlled territory. That fact is a reminder of how poorly the country has been governed.

    May 26, 2015

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    RAND's Impact in the Middle East

    Provides an overview of RAND's impact in the Middle East in the areas of supporting youth, health and health care, education, energy and environment, labor market reform and private-sector development, capacity-building, and planning for the future.

    Apr 29, 2015

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    Potential Economic Effects on Individual Retirement Account Markets and Investors of DOL's Proposed Rule Concerning the Definition of a 'Fiduciary'

    This paper examines the potential effects of the U.S. Department of Labor, Employee Benefits Security Administration's proposed rule 29 CFR Part 2510, Definition of the Term "Fiduciary" on people with Individual Retirement Accounts.

    Apr 28, 2015

  • A man at an Occupy Wall Street protest in New York City, October 2011


    Growth Versus Equality: Striking the Right Balance

    There's a difficult trade-off between income equality and the growth that comes from successful innovation. But one doesn't have to overwhelm the other.

    Jan 30, 2015

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    China's Great Leap Outward: Hard and Soft Dimensions of a Rising Power

    This book brings together essays with material that explores China's economic and military expansion in the Asia-Pacific region, as well as the core principles and motivations that guide China's growing influence in Latin America and Africa.

    Jan 29, 2015

  • A board displays currency exchange rates on a Moscow street, December 29, 2014


    Rapprochement with Russia?

    The ruble's fragility presents an opportunity for American and European diplomats to offer Putin a deal that de-escalates the war in Ukraine, provides Russia sanctions relief, and revitalizes Moscow's economic ties with the West.

    Dec 30, 2014

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    The Economic Cost of Social Security Fraud and Error

    RAND Europe examined the evidence on fraud and error in social security systems in several countries, crafted a definition of fraud as distinct from error and corruption, and looked at the wider costs to society and the drivers of fraud and error.

    Dec 29, 2014

  • Don and Susan Rice at RAND's Politics Aside 2014


    Donald B. and Susan F. Rice Support Pardee RAND's 'Be the Answer' Campaign with $1 Million Gift

    Longtime RAND supporters Donald B. and Susan F. Rice, for the third time, have established an endowed scholarship at the Pardee RAND Graduate School. Their most recent gift of $1 million was generously donated as part of Pardee RAND's Be the Answer campaign, which Don Rice chairs and which has thus far raised in excess of $19 million.

    Dec 19, 2014

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    Looking Backward and Forward: Policy Issues in the Twenty-first Century

    This collection features twenty-five essays written between 2002 and 2007, covering a wide range of worldwide economic, political, security, and diplomatic issues.

    Nov 20, 2014

  • A scholar with a book and glasses


    James Dobbins and Katherine Kahn Receive Distinguished Chairs

    RAND Distinguished Chairs are researchers recognized for distinction in their field and for groundbreaking efforts to solve some of the world's most challenging problems. Michael Rich, RAND's president and CEO, has just appointed two new distinguished chairs: James Dobbins as Distinguished Chair in Diplomacy and Security and Katherine Kahn as Distinguished Chair in Health Care Delivery Measurement and Evaluation.

    Oct 20, 2014

  • A justice scale with more money on one side than the other


    Survey Asks Democrats, Republicans, Should the Government Reduce Income Inequality?

    Today, Democrats are more than six times likelier than Republicans to believe the U.S. government should play a role in reducing income inequality. This is not due to differences in age, gender, education, or income distributions among the two parties.

    Oct 9, 2014

  • People walking near the Red Square and St. Basil's Cathedral in Moscow, Russia


    One Day in the Life of Russia

    Russia faces major challenges, some self-inflicted. Freedoms vital to the creation of a modern civil society are declining. Dominant, state-controlled energy and aerospace companies are losing ground, weakening a strained economy.

    Sep 23, 2014