Economic Policy

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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.

  • Commentary

    Will States Take the Wrong Lesson About Unemployment Insurance's Failings?

    By shoring up all state-run Unemployment Insurance programs equally, Congress set a precedent that it will intervene to raise benefits at no cost to state trust funds. From the states' perspective, why hike taxes on businesses to maintain robust unemployment benefits if Congress will step in when the economy goes south?

    Mar 18, 2021

  • Commentary

    Shared Prosperity: The Crying Need for Inclusive Globalization

    The disaffection of a wide swath of the American population has been linked to the political polarization of the country, as well as its divisive tendencies. While globalization is not the only reason for this disaffection, it is an apt lens through which to view the revolt against elitism, expertise, and changing demographics.

    Feb 23, 2021

Explore Economic Policy

  • Empty courtroom with scales of justice

    Commentary

    Discount Justice: Fiscal Austerity and State Courts

    Budget cuts at the state court level can mean courthouse closures, hiring freezes and layoffs, leading to longer wait times for the public. Educating the public about the role and importance of the state courts is key to preventing more budget cuts in the future.

    Apr 18, 2017

  • Dissertation

    Dissertation

    Let There Be Light: Green Industrial Policy and Energy Access in India

    Explores the competitiveness of India's domestic manufacturing across the supply chain; barriers and enablers to developing a domestic industry; and the cost of industrial policy support.

    Feb 27, 2017

  • New shoe and old shoe side by side.

    Commentary

    Trends in Inequality and the World's Eight Richest Men

    While Oxfam reports have done a good job of bringing attention to the problem of inequality, they may give the false impression that global inequality has been rising instead of falling. Global inequality has actually been on the decline while inequality within the developed world is increasing.

    Feb 10, 2017

  • Multimedia

    Harvard's Martin Feldstein on

    On January 30, 2017, Pardee RAND welcomed Martin Feldstein, the George F. Baker Professor of Economics at Harvard University, as part of the Charles Wolf, Jr., Endowed Lecture Series.

    Jan 30, 2017

  • Report

    Report

    Calculating the Gross Regional Product of the Kurdistan Region — Iraq: Arabic translation

    Estimates the gross regional product (GRP) of the Kurdistan Region -- Iraq in 2012 (excluding natural resources) and describes efforts to set up a system for data collection and analysis to support future annual GRP calculation.

    Dec 21, 2016

  • News Release

    News Release

    China Invests Warily in Middle East

    China endeavors to protect its expanding interests in the Middle East by not taking sides in conflicts and controversies. The United States should encourage China to become more involved in efforts to improve regional stability while reassuring partners of its own commitment to the region.

    Dec 5, 2016

  • Sheikh Mohammed bin Zayed al-Nahyan, Crown Prince of Abu Dhabi and UAE's deputy commander-in-chief of the armed forces, meets Chinese President Xi Jinping in Beijing, December 14, 2015

    Report

    China Invests Warily in the Middle East

    China endeavors to protect its expanding interests in the Middle East by not taking sides in conflicts and controversies. The United States should encourage China to get more involved in efforts to improve regional stability while reassuring partners of its own commitment to the region.

    Dec 5, 2016

  • Journal Article

    Journal Article

    Using the Pareto Distribution to Improve Estimates of Topcoded Earnings

    Using Pareto estimation methods with less-censored internal data, we create an enhanced cell-mean series to capture top earnings in the public-use data.

    Nov 4, 2016

  • Report

    Report

    Calculating the Gross Regional Product of the Kurdistan Region — Iraq: Kurdish translation

    Estimates the gross regional product (GRP) of the Kurdistan Region -- Iraq in 2012 (excluding natural resources) and describes efforts to set up a system for data collection and analysis to support future annual GRP calculation.

    Oct 21, 2016

  • Events @ RAND Audio Podcast

    Multimedia

    Conversation at RAND: U.S. International Economic Strategy

    In this Events @ RAND podcast, RAND President and CEO Michael Rich and Howard Shatz, RAND senior economist, discuss the economic policy choices facing the next administration.

    Sep 27, 2016

  • Journal Article

    Journal Article

    Brexit: What Have We Learned So Far?

    On 23 June 2016, the British electorate defied the expectations of political leaders, financial markets and foreign allies by voting to withdraw from the European Union.

    Sep 26, 2016

  • Stethoscope on an American flag

    Q&A

    Estimating the Impacts of the Trump and Clinton Health Plans

    Donald Trump wants to repeal and replace the Affordable Care Act. Hillary Clinton wants to maintain and modify it. How could each proposal impact coverage, out-of-pocket costs, and the deficit?

    Sep 23, 2016

  • News Release

    News Release

    Cutting U.S. Overseas Security Commitments Could Cost U.S. World Trade Billions

    Reducing U.S. overseas security commitments, including troops and security treaties, could lead to greatly reduced trade, with the economic costs estimated to be more than triple any associated savings in U.S. defense spending.

    Sep 22, 2016

  • Research Brief

    Research Brief

    Economic Benefits of U.S. Overseas Security Commitments Could Far Outweigh Costs

    Amid intensifying debate over U.S. funding and resources, RAND researchers find that the economic benefits of U.S. overseas security commitments could far exceed the costs.

    Sep 22, 2016

  • A formation of C-130 Hercules cargo aircraft fly in formation as they return from the Samurai Surge training mission near Mount Fuji, Japan, June 5, 2012

    Report

    The Value of Overseas Security Commitments

    U.S. overseas security commitments have positive and significant effects on both U.S. bilateral trade and non-U.S. global bilateral trade. If commitments were reduced, the economic costs from lost trade would be more than triple any associated savings in defense spending.

    Sep 22, 2016

  • Tool

    Tool

    Estimating the Value of Overseas Security Commitments: An Interactive Visualization

    Researchers estimated that U.S. economic losses from major retrenchments of overseas security commitments would be more than triple any gains. This visualization compares different estimated gains and losses from selected retrenchment levels and selected tax, spending, and trade multipliers.

    Sep 22, 2016

  • Federal Reserve Building in Washington, D.C.

    Commentary

    Central Bank Perversity: The Downside to Aggressive Monetary Policy

    Aggressive monetary policy has negative effects on retirees, on income inequality, and on market stability—both domestically and globally.

    Sep 13, 2016

  • A dishwasher working in a restaurant kitchen

    Commentary

    College Education No Panacea for Worker Inequality Woes

    The earnings gap between high school and college graduates has grown with each generation, but even a college degree does not ensure a good income. Just as the nature of jobs for high school graduates has been changing due to consolidation, trade, and technology, the quality of employment for college graduates is beginning to shift.

    Aug 31, 2016

  • A ship is unloaded using Super Post Panamax cranes in Miami, Florida, May 19, 2016

    Commentary

    Eliminating Jobs or Strengthening the Economy? The Impact of Trade Policies on the American Worker

    The enormous benefits of trade include economic growth, more variety for industry and consumers, and lower prices. But trade can displace some American workers. Training programs, relocation assistance, and wage insurance can help.

    Aug 30, 2016

  • Demonstrators march in the Occupy LA protest through downtown Los Angeles to City Hall on October 15, 2011

    Commentary

    Fixing Inequality of Opportunity

    Research has fueled concerns about how income inequality drives inequality of opportunity. Commonsense approaches such as improvements in education and access to quality health care have been shown to provide young people with better opportunities.

    Jul 6, 2016