Publications

Publications

Invest in Metro Recovery and Resilience

A resilient city is defined by “the policy-induced ability of an (urban) economy to withstand or recover from the effects of shocks.” It took many U.S. cities years to recover from the 2008 Great Recession and Wall Street meltdown. Today, the coronavirus pandemic and recession pose an even more severe test of the resilience of…

Fix Higher Ed’s Broken Model

The Covid-19 pandemic and recession will leave lasting marks on many major U.S. institutions, and higher education is no exception. Last spring, as most of the economy shut down, America’s colleges and universities also closed their campuses and shifted to online, video-teaching, or some combination of the two. The experience likely will trigger a searching…

Make Electoral Democracy More Resilient

The COVID-19 pandemic has laid bare the fragility of the United States electoral voting system. Polling places, which are often densely packed indoor spaces, represent an acute public health danger. Yet, many states do not have the infrastructure in place to adapt to this situation, and it has thrown the health of Americans and our…

Building American Resilience: A Roadmap for Recovery After COVID-19

For Americans and much of the world, 2020 has been an annus horribilis. Following its outbreak in China late last year, the coronavirus has spread quickly across the main international travel and trade routes. To contain the pandemic, nations have been forced to order mass quarantines, freezing economic activity and social life. It likely will…

Regulatory Improvement for Independent Workers: A New Vision

One of the biggest productivity advances in recent years has been the use of platforms to connect buyers and sellers at lower cost. Platforms offer less rigid contractual arrangements, expanded earnings opportunities for workers and access to essential goods and services for underserved communities. Overall, platforms generate win-win economic activity which benefits everyone.  The flexibility…

A Transatlantic Digital Trade Agenda for the Next Administration

CAN A NEW DEMOCRATIC ADMINISTRATION RECONSTRUCT DIGITAL TRADE POLICY WITH EUROPE FROM THE ASHES OF TTIP? As the global leader in digital trade, the United States has a big stake in ensuring that international rules facilitating its continued expansion are put in place. The Obama Administration’s bold agenda to establish these rules across Europe and…

America’s COVID-19 Debacle: A Chronology

Originally published June 15, 2020, and most recently updated July 9, 2020. As the coronavirus pandemic continues to spread across the globe, no country has been hit harder than the United States. America leads the world in Covid-19 deaths and confirmed cases. Unemployment has reached levels not seen since the Great Depression, and national output…

Low-Income Borrowers and the Auto Loan Market

Executive Summary Some are concerned that subprime auto loans – which offer higher interest loans to riskier borrowers – pose a threat to the stability of the global economy in much the same way that the subprime mortgage market contributed to the Great Recession. Democratic presidential candidate Elizabeth Warren, in particular, has raised the warning…

Repairing Credit: The Right Way to Fix a Broken System

If you think your credit report is accurate, there is a good chance you are wrong. According to the Federal Trade Commission (FTC), one in five Americans has a potentially material error in their credit file, and one of the biggest contributors is medical bills—with half of all medical bills containing an error. In fact,…

Do-Something Congress No. 9: Reserve corporate tax cuts for the companies that deserve it

Americans are fed up seeing corporate profits soaring even as their paychecks inch upward by comparison. Companies need stronger incentives to share their prosperity with workers – something the 2017 GOP tax package should have included. Though President Donald Trump promised higher wages as one result of his corporate tax cuts, the biggest winners were…