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Saturday May 17, 2008

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SPOTLIGHT: Financial Services


Reuters/Rebecca Cook - An auction lawn sign points to a foreclosed property to be auctioned off in Detroit

Save to My Portfolio Credit Crisis: Recovery Options

Martin Neil Baily, Douglas W. Elmendorf and Robert E. Litan, May 16, 2008

With the U.S. financial system still in a perilous state, Martin Baily, Doug Elmendorf and Bob Litan diagnose what caused the crisis and offer prescriptions for policy change. The authors of this new Brookings paper address two challenges: to resolve the immediate problems and to reduce the likelihood that these problems recur. Read More

Financial Services, Fiscal Policy, Mortgage Market, Housing, Regulation

SPOTLIGHT: Macroeconomics


REUTERS/Hector Mata - Demonstrators hold signs in front of the Federal Reserve Bank in Los Angeles

Save to My Portfolio Reducing the Likelihood of Financial Crisis

Douglas W. Elmendorf, May 14, 2008

Even though billions of dollars of mortgage-related loses have yet to be declared, Doug Elemendorf offered Joint Economic Committee members four principles to guide reform of the troubled financial system. His diagnosis and prescriptions are based on a new Brookings report to be released Friday. Read More

Macroeconomics, Financial Services, Mortgage Market, Federal Reserve, Financial Institutions

SPOTLIGHT: Welfare


Reuters/Carlos Barria - A mother and her son travel on a bus in Montgomery, Alabama

Save to My Portfolio Helping Disconnected Single Mothers

Rebecca M. Blank and Brian Kovak, May 2008

There are a growing number of low-income single mothers who are long-term welfare recipients or are without steady employment. They tend to face more barriers to stable employment, with less education, younger children, higher rates of mental and physical health problems and substance abuse, and a history of domestic violence. This brief proposes a new program to link these mothers to medical and economic supports and give them greater assistance in securing employment. Read More

Welfare, U.S. Poverty, Unemployment, Children & Families, Working Poor

Research and Commentary

Save to My Portfolio Don’t Blame the War for the Economy

Martin Neil Baily, April 20, 2008

Martin Baily says that while many voters view the war in Iraq and the poor state of the economy as a cause and effect relationship, they are, in fact, two very different messes. Read More

Research and Commentary

Save to My Portfolio The Concept of Neutrality in Tax Policy

Jason Furman, April 15, 2008

Testifying before the Senate Finance Committee on Tax Day—April 15, Jason Furman described how policy-makers can make the tax code more efficient by following principles of "tax neutrality" so that individuals' decisions are made on economic merits and not for tax reasons. Read More

Research and Commentary

Save to My Portfolio The Impact of the Mortgage Crisis on Children and Their Education

Julia B. Isaacs, Phillip Lovell, April 2008

New research from Brookings and First Focus shows that nearly two million children will be directly impacted by the mortgage crisis. When forced from their homes, children’s education is disrupted, their peer relationships crumble, and the social networks that support them are fractured. Read More

Research and Commentary

Save to My Portfolio Beyond the Stimulus Package

Isabel V. Sawhill, February 05, 2008

A stimulus package may ward off a short-term recession, but Isabel Sawhill argues that the package should be temporary and not add to the national debt. Sawhill suggests that Congress should not lose sight of how the economy got to where it is and what is needed to prevent economic vulnerabilities in the future. Read More

About Us

Economic Studies monitors the global economy and seeks answers to economic policy issues in the United States and worldwide. Our research aims to increase the public's understanding of how the economy works and how to make programs and policies better.

Recent Research and Commentary

Macroeconomics Brookings Papers on Economic Activity: Spring 2008

Financial Services The Great Credit Squeeze: How It Happened, How to Prevent Another

Martin Neil Baily, Douglas W. Elmendorf, Robert E. Litan, May 16, 2008

Health Care Health Reform Through Tax Reform: A Primer

Jason Furman, May/June 2008

Taxes The Tax System: Too Complex, Unfair and Outdated

William G. Gale, May 15, 2008

More Recent Research and Commentary »

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Spotlight

ExpertLael Brainard

Lael Brainard is vice president and director of Global Economy and Development. She focuses on competitiveness, trade, international economics, U.S. foreign assistance and global poverty.

ExpertMartin S. Indyk

Ambassador to Israel and assistant secretary of state for near east affairs during the Clinton Administration, Martin Indyk directs the Saban Center for Middle East Policy. He currently focuses on the Clinton administration’s diplomacy and the Arab-Israeli conflict.

ExpertAlice M. Rivlin

Alice Rivlin, the first director of the Congressional Budget Office, is an expert on urban issues as well as fiscal, monetary and social policy. She directs the Greater Washington Research project. 

Research ProjectLatin America Initiative

The Latin America Initiative provides high-quality, in-depth, and independent research across a range of economic and political issues, and offers policy recommendations aimed at U.S. and Latin American policymakers. Read More

ExpertSuzanne Maloney

Suzanne Maloney studies Iran, the political economy of the Persian Gulf and Middle East energy policy. A former U.S. State Department policy advisor, she has also counseled private companies on Middle East issues.

Policy CenterSaban Center for Middle East Policy

The Saban Center conducts original research and develops innovative programs to promote a better understanding of the policy choices facing American decisionmakers in the Middle East.

Policy CenterJohn L. Thornton China Center

The John L. Thornton China Center develops analysis and policy recommendations to help address key long-term challenges, both in terms of U.S.-China relations and China's internal development.

ExpertRon Haskins

A former White House and congressional advisor on welfare issues, Ron Haskins co-directs the Brookings Center on Children and Families. He is an expert on preschool, foster care and poverty.

ProgramGlobal Economy and Development

Global Economy and Development advances research, dialogue, and innovative solutions to address the forces of globalization and the challenges of global poverty.

ExpertThomas Mann

A noted congressional scholar, Tom Mann writes and speaks widely on issues related to campaigns, elections and the effectiveness of Congress.

ProgramGovernance Studies

Governance Studies explores political institutions of the United States and other democracies to assess how they govern, how their practices compare, and how citizens and public servants can advance sound governance.

ExpertIsabel V. Sawhill

A nationally known budget expert, Isabel Sawhill focuses on domestic poverty and federal fiscal policy. She is also co-director of the Center on Children and Families at Brookings.

ProgramMetropolitan Policy Program

Redefining the challenges facing metropolitan America and promoting innovative solutions to help communities grow in more inclusive, competitive and sustainable ways.

Policy CenterEngelberg Center for Health Care Reform

The Engelberg Center for Health Care Reform provides practical solutions to achieve high-quality, innovative, affordable health care with particular emphasis on identifying opportunities on the national, state and local levels.