Economy, business, innovation

USA

Research-based perspectives on the connection between economic policy and rising support for authoritarian populism

Key Takeaways Factors including declining job quality, immigration, and financialization of the economy have had an impact on people’s support for populist political candidates.Potential remedies include labor and tenant organizing, place-based investments, and learning from previous efforts to support displaced workers.To strengthen support for democracy and ensure a dynamic economy in which workers and families […]

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The unintended macroeconomic effects of U.S. climate policy uncertainty

Key takeaways Climate policy uncertainty is stagflationary, behaving like a supply shock. When climate policy uncertainty rises, output, investment, and employment fall, and prices rise.Climate policy uncertainty also shapes firm-level behavior, with firms postponing investment, scaling back production plans, and reducing R&D expenditures in times of greater uncertainty, suggesting firms view climate policy uncertainty as

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The Macroeconomic Effects of Climate Policy Uncertainty

Authors:Konstantinos Gavriilidis, University of StirlingDiego R. Känzig, Northwestern UniversityRamya Raghavan, Northwestern UniversityJames H. Stock, Harvard University Abstract: We develop a novel measure of climate policy uncertainty based on newspaper coverage. Our index spikes during key U.S. climate policy events—including presidential announcements on international agreements, congressional debates, and regulatory disputes—and shows a recent upward trend. Using

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How union contracts are protecting U.S. workers from automated management and surveillance in the workplace

Evidence from a new national survey and implications for policymakers and union leaders Key takeaways A new survey of unionized U.S. workers surfaces important findings about union members’ experiences with provisions related to automated management and surveillance tools in their collective bargaining agreements.About 38 percent of union members reported that their union’s contract included at

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Lessons from past trade adjustment policies to support displaced workers in the era of artificial intelligence

Key takeaways Anticipating that trade and globalization could displace workers, lawmakers and experts established Trade Adjustment Assistance more than 60 years ago in an effort to address that potential harm. Yet the program did not live up to its intentions, failing to reach many of the workers it was designed to assist—with significant economic and

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Factsheet: Using asset limits in public benefit programs

Key Takeaways: Millions of U.S. families must comply with asset limits set at the state and federal level to participate in essential public benefit programs, from health care to nutrition assistance, in times of need.Research suggests that asset limits can discourage households from accumulating sufficient emergency savings, resulting in increased economic instability and higher demand

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New research examines the historical macroeconomic effects of tariffs and sheds light on current U.S. trade policies

Key takeaways Over the course of U.S. history, policymakers have imposed tariffs on imported goods numerous times. A new study examines how these trade policy choices have impacted the U.S. economy, finding that tariffs tend to shrink the economy, depress manufacturing activity and wages, increase prices, and suppress exports.Monetary policies have played a key role

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The Macroeconomic Effects of Tariffs: Evidence From U.S. Historical Data

Authors: Tamar den Besten, Northwestern UniversityDiego Känzig, Northwestern University Abstract: We study the macroeconomic effects of tariff policy using U.S. historical data from 1840–2024. We construct a narrative series of plausibly exogenous tariff changes–based on major legislative actions, multilateral negotiations, and temporary surcharges–and use it as an instrument to identify a structural tariff shock. Tariff

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An Evening of Honors in Toledo for Consul Allegra Baistrocchi: From the Keys to the City to a Letter from the Governor of Ohio

An intimate but meaningful dinner in Toledo celebrated the work carried out over the past years by Italy’s Consul in Detroit, Allegra Baistrocchi, who is nearing the end of her mandate. The event was organized as a tribute by the partners with whom the Consulate has built projects, institutional relations, and economic initiatives that have

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