As the pandemic continues, many U.S. households are struggling to pay their bills. No income group has been spared financial difficulties, but the most-vulnerable households have been hit the hardest. There are severe challenges among lower-income workers and among Black and Hispanic households.
If you've ever rented a property, you may have wondered what happens to the sensitive information on your application. Recent concerns over the foreign harvesting of personal information for questionable purposes should worry everyone.
The 2007–08 financial crisis made regulators and lawmakers acutely aware that some financial institutions had become too big to fail. The next big economic crisis may arise outside the financial sector, in highly networked companies that are too interconnected to fail.
Beijing and Tehran are in the process of finalizing an ambitious partnership covering a range of security and economic issues. The United States should not overreact to shifting geopolitical dynamics in the Middle East, and should instead keep an eye out to assess the evolution of the relationship and take stock of what is delivered instead of what is merely promised.
Economic pain in the United States is obvious and palpable everywhere except in the stock market. This spotlights inequality that has been increasing for decades. Undoing disparities will require firm policy commitment over many years.
To help inform public debate and decision making, RAND Europe explored the uses of cryptocurrencies for illicit or criminal purposes, focusing on the Zcash cryptocurrency, in a research project commissioned by the Electric Coin Company.
Housing security is vital to individual and collective well-being. It's also a key component in the nation's economic performance. The looming coronavirus eviction crisis suggests the need to address the systemic problem of housing affordability and security now.
The impulse to do something to help businesses right now is well-intended, but lending to companies that were highly leveraged pre-crisis is a risky bet. Assistance could be best directed toward sound enterprises that are likely to survive and contribute to boosting the economy in the coming years.
After 37 years in power, President Robert Mugabe of Zimbabwe was toppled via a military coup in November 2017. His successor and former vice president, Emmerson Mnangagwa, promised a break from authoritarian rule and economic mismanagement. Has he delivered?
After a decade of focus on financial firms, new analysis using an innovative approach and new dataset shows that firms in a diverse range of sectors, such as technology and telecommunications, pose a systemic risk to the economy at large.
After the 2008 financial crisis, research and policy focused on the risk that heavily interconnected networks could fuel the spread of economic crises—a problem known as systemic risk. A new analysis considers systemic risk in other sectors like technology, telecommunications, and health care.
RAND notes with profound regret the death Paul Volcker, the legendary former chairman of the Federal Reserve who became a strong advocate for public service. Volcker was a generous supporter of RAND and served on RAND's board of trustees.
This article represents the first U.S. study employing exclusively household-level longitudinal data spanning the Great Recession to estimate the response of household spending to negative wealth shocks induced by the sharp declines in house prices.