Daily Policy Digest

Economic Issues

New Banking Regulations Are Too Complex

Basel III is by far the most complex set of bank regulations that have ever been attempted, and the compliance costs are high for small and large banks alike...

Did India's Child Labor Ban Increase Child Labor?

India's 1986 ban on child labor actually led to increases in child labor while decreasing children's wages...

The Economic Costs of E-Verify

The Congressional Budget Office estimated in 2008 that mandatory nationwide E-Verify would decrease federal tax revenue by $17.8 billion dollars over the course of a decade...

Three Economies + Three Policy Paths = Several Lessons

The report cards are in for the world's biggest developed economies, and their contrasting economic policies offer a few lessons...

Unorthodox Monetary Policies: Watch Out for Unintended Effects

Recent capital flows and currency movements have been particularly disruptive to the emerging-market economies, which have been the main engine of global economic growth...

Gen X and Gen Y Lack Communication Skills Employers Are Looking For

In a survey of 318 employers published earlier this year, 80 percent said colleges should focus more on written and oral communication...

Poor and Middle Class Incomes Have Increased Significantly

Contrary to conventional wisdom, poor and middle class households are at least 30 percent richer today than their counterparts from 35 years ago...

Income: The New Segregation

Neighborhoods marked by a mix of residents in the fat middle of the economic bell curve are growing proportionally smaller, while both high-income and low-income neighborhoods grow proportionally more populous...

Solving the Global Sugar Trade Problem

The solution to the sugar problem is, at its core, the same as the solution to many other agriculture policy problems: a renewed effort through the international trade process to liberalize trade...

Janet Yellen's Greatest Challenge

It sounds simple, but in a full-blown recovery the Fed will have to execute its exit strategy quickly enough to keep the inflation genie in the bottle without driving interest rates up to levels that would derail the recovery, say Thomas Saving, a senior fellow at the National Center for Policy Analysis, and Phil Gramm, a former chairman of the Senate Banking Committee...


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