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.

  • People walk around an almost empty Grand Central Terminal as the coronavirus disease (COVID-19) outbreak continues in New York City, U.S., March 29, 2020, photo by Eduardo Munoz/Reuters

    Commentary

    On the Horns of the COVID-19 Dilemma

    COVID-19 poses two dire threats to the United States: the potential deaths of many thousands of Americans, and the devastation of the $22 trillion annual economy. Protecting the health of as many people as possible by shutting down ordinary life seems completely justifiable, but that necessarily inflicts damage to the economy. This is truly a dilemma.

    Mar 30, 2020

  • U.S. Senate Majority Leader Mitch McConnell and U.S. Senate Minority Leader Chuck Schumer meet with Treasury Secretary Steve Mnuchin to wrap up work on coronavirus economic aid legislation, Washington, D.C., March 20, 2020, photo by Mary F. Calvert/Reuters

    Q&A

    The Economic Wallop of COVID-19: Q&A with RAND Experts

    As Washington continues to weigh economic responses to the COVID-19 pandemic, here are insights from RAND experts on how aid money might be best allocated, how this crisis compares to the 2008 recession, what business communities can do right now, and more.

    Mar 26, 2020

  • NYSE Closes Trading Floor, Moves To Fully Electronic Trading Amid Coronavirus Pandemic

    Multimedia

    The Economic Impacts of COVID-19

    In this Call with the Experts podcast, RAND researchers discuss the impacts the COVID-19 outbreak might have on the global economy and consider policy actions that could be taken to help facilitate rapid economic recovery.

    Mar 23, 2020

  • A man wears a mask while walking past the New York Stock Exchange in New York City, March 17, 2020, photo by Lucas Jackson/Reuters

    Q&A

    The Social Distancing Economy: Q&A with RAND Experts

    Congress and the White House are weighing economic policies to help people acutely affected by the coronavirus pandemic. Here are insights from RAND experts on what might be effective in terms of fiscal policy, stimulus spending, and emergency relief to affected workers.

    Mar 18, 2020

  • A woman holding a baby looks out of a window from a shanty in Dharavi, Mumbai, India, October 15, 2009, photo by Arko Datta/Reuters

    Commentary

    Economic Development: A Recipe for Social Cohesion in India

    Given the staggering economic challenges that need attention, how might India refocus its attention away from sectarian divides to economic development? While there is no easy answer, focusing on inclusive growth and development might offer one potential route.

    Mar 16, 2020

  • Infographic

    Estimating the Economic Benefits of Levant Integration: A Look at the Numbers

    This infographic helps users assess values of economic integration in the Levant in a variety of ways.

    Feb 24, 2020

  • Report

    Relationships between the economy and national security: Analysis and considerations for economic security policy in the Netherlands

    This study examines the relationship between the economy and national security in the Netherlands, with a focus on the characteristics and performance of the Dutch economy and the consequences of this for its national security.

    Jan 14, 2020

  • Blog

    E-Cigarettes, 'Stand Your Ground,' Cyber Coercion: RAND Weekly Recap

    This weekly recap focuses on the planned federal ban on flavored e-cigarettes, “stand your ground” laws, understanding cyber coercion, and more.

    Sep 20, 2019

  • Loading cargo onto a container ship in Istanbul, Turkey, photo by Czgur/Getty Images

    Report

    Potential Benefits of Economic Integration in the Levant

    A comprehensive free trade agreement among six of the core Levant nations—Egypt, Iraq, Jordan, Lebanon, Syria, and Turkey—could increase their average gross domestic product by 3 to 7 percent. It could also reduce regional unemployment rates by 8 to 18 percent.

    Sep 16, 2019

  • Tool

    The Levant Economic Integration Calculator

    This online tool allows policymakers and the public to examine how a comprehensive free trade agreement among the countries of the Levant could create significant new economic opportunities, substantially reducing regional unemployment.

    Sep 16, 2019

  • White House senior adviser Jared Kushner arrives for the U.S.-hosted “Peace to Prosperity” conference, in Manama, Bahrain, June 25, 2019, photo by Matt Spetalnick/Reuters

    Commentary

    Development with No Political Framework Is a Car Without an Engine

    Pushing an economic development plan for the Middle East without addressing the political issues specific to the Israeli-Palestinian conflict is like trying to sell a car without an engine. Why? Because an economic strategy that doesn't address core political issues would have no governing entity to put it into effect.

    Jul 9, 2019

  • Tim Wolf talks about his father at a memorial at RAND's headquarters in Santa Monica, Calif., January 26, 2017, photo by Diane Baldwin/RAND Corporation

    Content

    Tim Wolf: Carrying on His Family's Commitment to RAND

    Charles Wolf, Jr. was an economist who spent more than 60 years at RAND and was the founding dean of what is now the Pardee RAND Graduate School. He and his wife, Theresa, included a $1 million bequest in their estate plans to support the school and its students. It's a commitment his son Tim plans to carry forward.

    Jul 9, 2019

  • Pardee RAND students shared their Tech Lab Pilot projects during a 2017 open house

    Essay

    Pardee RAND Reimagines the Future of Public Policy Problem Solving

    The Pardee RAND Graduate School is taking a new approach to public policy education. Three new streams of study and action will better align with today's policy needs. Faculty and students will shift the focus from coming up with solutions to actually implementing them.

    Jan 7, 2019

  • Customer service reps in call center

    Journal Article

    The Services Sector in India

    Article shows that India's services sector has remained low value-added for years. It recommends that value-added services be linked to the manufacturing sector through public policy to enhance the contribution of services to economic growth.

    Oct 26, 2018

  • Dissertation

    Harmonizing Discretionary Policy Choice with Fiscal Rule Making: Mexico after Fiscal and Energy Sector Reforms

    Studies the long-term effectiveness and vulnerability of a diverse set of fiscal policies, which propose lump-sum transfers and different consumption tax exemptions.

    Sep 14, 2018

  • RAND researcher Anna Elizabeth 'Nancy' Nimitz, September 1, 1958

    Content

    A Brief History of RAND

    RAND was incorporated as a nonprofit corporation in 1948. From its early years to the present, RAND research is characterized by its objectivity and nonpartisanship, its quality and scientific rigor, and its dedication to improving policymaking on the most pressing issues of the day.

    Aug 3, 2018

  • A woman looks at ribbons bearing messages wishing for the unification of two Koreas that decorate a barbed-wire fence near the demilitarized zone separating the two Koreas in Paju, South Korea, May 24, 2018

    Commentary

    Difficulties Integrating North Korean Defectors Suggest Challenges in Reunifying Korea

    Despite expansive government aid, North Korean defectors in South Korea remain a nation within a nation, co-existent yet separate. If South Korea cannot fully adopt and assimilate 30,805 North Korea defectors, how will South Korea ever embrace roughly 25 million North Koreans in the event of reunification?

    Jun 11, 2018

  • Collage of public policy subject matter

    Brochure

    RAND's Most Influential Research from 70 Years Working in the Public Interest

    Over its 70-year history, RAND has continuously demonstrated that rigorous research and analysis can help address some of the world's most challenging problems.

    May 14, 2018

  • Honour guards at the Great Hall of the People in Beijing, China, July 4, 2016

    Commentary

    To Protect Interests Abroad, China Will Feature a Diverse Array of Military, Non-Military Forces

    As Beijing grapples with the realities of an economy increasingly susceptible to disruption from distant influences, experts debate how the Chinese military might protect overseas interests. Some have speculated that China may seek a military like that of the United States. Others have dismissed such a possibility.

    Apr 9, 2018

  • News Release

    To Protect Overseas Interests, China Likely to Rely More on Contractors and Host Nation Forces Than Its Own Military

    China is far less likely to involve its military in security activities abroad than has been the case for the United States or for imperial powers of previous centuries. To bolster security for the Belt and Road Initiative and other economic activities abroad, China will instead rely heavily on civilian contractors and host nation-provided forces, with Chinese military and paramilitary forces playing an important but limited role.

    Mar 27, 2018