Open Access. Powered by Scholars. Published by Universities.®

Economic Policy Commons

Open Access. Powered by Scholars. Published by Universities.®

2,702 Full-Text Articles 2,450 Authors 1,117,017 Downloads 175 Institutions

All Articles in Economic Policy

Faceted Search

2,702 full-text articles. Page 1 of 88.

“You Never Know” Work And Precarity In Las Vegas Before And During Covid-19, Richard Reeves, Morgan Welch, Hannah Van Drie 2021 The Brookings Institution

“You Never Know” Work And Precarity In Las Vegas Before And During Covid-19, Richard Reeves, Morgan Welch, Hannah Van Drie

Policy Briefs and Reports

In this brief we examine work and work-based policies in Las Vegas, Nevada – a theme that emerged strongly from focus group data collected in the fall of 2019. The middle-class Americans we talked with were concerned about upward mobility, the changing landscape of work as a result of automation and skills training, scheduling uncertainty, and employee benefits like time off and paid leave. The COVID-19 pandemic highlighted and exacerbated these pre-existing issues for many workers. Much of the policy agenda in the last year has been understandably reactionary, as policymakers addressed immediate issues such as unemployment insurance, keeping workers safe ...


Metro Monitor 2021: Las Vegas And Reno, Eshaan Vakil, Katie M. Gilbertson, Emmanuel A. Berrelleza, Caitlin J. Saladino, William E. Brown Jr. 2021 University of Nevada, Las Vegas

Metro Monitor 2021: Las Vegas And Reno, Eshaan Vakil, Katie M. Gilbertson, Emmanuel A. Berrelleza, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet measures changes in Nevada’s economic growth performance indicators using data provided by the Brookings Institution’s Metro Monitor analysis. Researchers at Brookings’ Metropolitan Policy Program measure various indicators of economic well-being across 192 metropolitan statistical areas (MSAs) for a 10-year period (from 2009-2019) to provide a thorough time series analysis of isolated variables. This fact sheet presents data for the Las Vegas-Henderson-Paradise, NV MSA and the Reno, NV MSA.


Conducting Field Work With Microfinance Programs’ Participants In A Non-Western Setting: A Reflexive Account, Mohammad Shahjahan Chowdhury 2021 Shahjalal University of Science & Technology, Bangladesh

Conducting Field Work With Microfinance Programs’ Participants In A Non-Western Setting: A Reflexive Account, Mohammad Shahjahan Chowdhury

The Qualitative Report

While volumes of procedural guidelines are available on how to conduct fieldwork, in practice a researcher encounters various challenges and dilemmas in the field. This paper presents a holistic view of the puzzles this researcher encountered in gaining access, negotiating positionality, application of the pre-determined methodology, and ensuring ethics during his fieldwork with microfinance program participants in a non-Western setting. This paper contributes to the fieldwork literature by enhancing a researcher’s understanding of the unanticipated challenges.


The Costs And Impacts Of Rising Food Prices Among Low-Income Households, Elaine Waxman 2021 Feeding America, Chicago

The Costs And Impacts Of Rising Food Prices Among Low-Income Households, Elaine Waxman

Journal of Food Law & Policy

The pressure of rising food prices on low-income households is often assumed to be primarily an issue for developing economies, where fluctuations in food staple prices can have dramatic consequences for food security and social and political stability. Observers often note that Americans benefit from relatively low food prices and spend far less to feed their families than their counterparts in many other parts of the world. Indeed, the average American household spent 7.6% of their household expenditures on food purchases at home in 2009, while the comparable percentage exceeded 40% of household expenditures in diverse countries such as ...


2020 Most Dynamic Micropolitans In The Mountain West, Kelliann Beavers, Katie M. Gilbertson, Caitlin J. Saladino, William E. Brown Jr. 2021 University of Nevada, Las Vegas

2020 Most Dynamic Micropolitans In The Mountain West, Kelliann Beavers, Katie M. Gilbertson, Caitlin J. Saladino, William E. Brown Jr.

Cities & Metros

This fact sheet draws from the “Most Dynamic Micropolitans 2020” report released by Heartland Forward, “an institute for economic renewal […] with a mission to improve economic performance in the center of the United States.” In this report, Heartland Forward offers the Most Dynamic Micropolitan Index to analyze the economies of smaller communities for a total of 515 micropolitan areas nationally. This fact sheet includes information on job growth, annual pay growth, and personal income growth for micropolitan areas in the Mountain West region.


Lessons Learned: Neel Kashkari, Yasemin Esmen 2021 Yale University

Lessons Learned: Neel Kashkari, Yasemin Esmen

The Journal of Financial Crises

Neel Kashkari was the Interim Assistant Secretary of the Treasury for Financial Stability between October 2008 and May 2009. He oversaw the architecture and administration of the Troubled Asset Relief Program (TARP) during this time. This “Lessons Learned” is based on a phone interview with Mr. Kashkari.


Lessons Learned: Phillip Swagel, Yasemin Esmen 2021 Yale University

Lessons Learned: Phillip Swagel, Yasemin Esmen

The Journal of Financial Crises

Phillip Swagel was Assistant Secretary for Economic Policy at the U.S. Treasury between 2006 and 2009. During this time, he advised Treasury Secretary Hank Paulson as his chief economist, served as a member of the TARP Investment Committee, and played an important part in the conservatorship of Fannie Mae and Freddie Mac. This “Lessons Learned” is based on a phone interview with Mr. Swagel.


Lessons Learned: James Wigand, Sandra Ward 2021 Yale University

Lessons Learned: James Wigand, Sandra Ward

The Journal of Financial Crises

A finance specialist and longtime Federal Deposit Insurance Corporation (FDIC) executive, James Wigand served as Deputy Director, Franchise and Asset Marketing, at the FDIC from 1997 to 2010, a period encompassing the global financial crisis of 2007-09. Wigand oversaw the resolution of all insured-depository institutions during the crisis, arranging acquisitions of troubled banks or liquidating them. He also acted as liaison between the chairman and board of directors of the FDIC. In 2010, in the aftermath of the crisis, Wigand was named director of the newly created Office of Complex Financial Institutions at the FDIC, an office formed under the ...


Lessons Learned: Arthur Murton, Sandra Ward 2021 Yale University

Lessons Learned: Arthur Murton, Sandra Ward

The Journal of Financial Crises

Arthur Murton joined the Federal Deposit Insurance Corp. in 1986 as a financial economist and rose through the ranks to become Director of the Division of Insurance and Research, a post he held from 1995 to 2013 and which he steered through the financial crisis of 2007-09. Murton participated in the important interagency discussions held on Columbus Day weekend in 2008 that led to the establishment of breakthrough programs that proved critical in stabilizing financial markets. This “Lessons Learned” summary is based on an interview with Mr. Murton about his crisis experience.


Lessons Learned: Michael Krimminger, Charles Euchner, Maryann Haggerty 2021 Yale University

Lessons Learned: Michael Krimminger, Charles Euchner, Maryann Haggerty

The Journal of Financial Crises

Michael Krimminger was Special Advisor for Policy and General Counsel at the Federal Deposit Insurance Corporation during the global financial crisis. In that role, he provided legal and policy advice on the writing and implementation of the Dodd-Frank Act, including its systemically important financial institution provisions, living wills, capital markets and capital, and structured finance requirements. He is now a partner at Cleary Gottlieb Steen & Hamilton LLP. This “Lessons Learned” is based on an interview with Mr. Krimminger.


Lessons Learned: Diane Ellis, Sandra Ward 2021 Yale University

Lessons Learned: Diane Ellis, Sandra Ward

The Journal of Financial Crises

Diane Ellis served as Deputy Director, Insurance and Research, at the Federal Deposit Insurance Corp. during the financial crisis of 2007-09. The FDIC played a critical role in stabilizing financial conditions and establishing confidence in the financial markets by guaranteeing newly issued debt on a temporary basis for banks and thrifts as well as financial holding companies and eligible bank affiliates. The agency also fully guaranteed certain non-interest-bearing transaction deposit accounts. Ellis played an important role in implementing the Temporary Liquidity Guarantee Program that proved so critical in stemming the crisis. This “Lessons Learned” is based on a phone interview ...


Comment Letters May Have Helped Shape Federal Reserve’S Municipal Liquidity Facility (Mlf) And Main Street Lending Program (Mslp), Steven Kelly 2021 Yale Program on Financial Stability

Comment Letters May Have Helped Shape Federal Reserve’S Municipal Liquidity Facility (Mlf) And Main Street Lending Program (Mslp), Steven Kelly

The Journal of Financial Crises

YPFS Archive Notes highlight noteworthy content or additions to the YPFS Resource Library.

In support of the YPFS efforts to archive primary and secondary materials that shed light on financial crises, this YPFS Archive Note highlights the addition of public comment letters solicited by the Federal Reserve to evaluate two of its proposed emergency lending facilities, the Municipal Liquidity Facility (MLF) and the Main Street Lending Program (MSLP) designed to help the US economy endure the financial stresses caused by the coronavirus pandemic. The released correspondence reflects a wide array of congressional and stakeholder concerns. Ultimately, the Fed incorporated some ...


Hungary: Magyar Reorganizációs És Követeléskezelő Zrt (Mark Zrt.), Mallory Dreyer 2021 Yale University

Hungary: Magyar Reorganizációs És Követeléskezelő Zrt (Mark Zrt.), Mallory Dreyer

The Journal of Financial Crises

Hungary saw a surge in commercial real estate (CRE) lending prior to the Global Financial Crisis. By 2014, the banking sector was saddled with a high ratio of nonperforming CRE loans and repossessed property, though Hungarian banks remained solvent with high capital adequacy ratios. The central bank of Hungary, the MNB, announced the creation of an asset management company, Magyar Reorganizációs és Követeléskezelő Zrt. (MARK), to purchase nonperforming CRE assets from Hungarian banks on a voluntary basis, to clear their balance sheets and allow for increased lending. MARK was fully-owned by the MNB, which provided MARK’s share capital and ...


Spain: Sociedad De Gestión De Activos Procedentes De La Reestructuración Bancaria (Sareb), David Tam, Sean Fulmer 2021 Yale Program on Financial Stability

Spain: Sociedad De Gestión De Activos Procedentes De La Reestructuración Bancaria (Sareb), David Tam, Sean Fulmer

The Journal of Financial Crises

In the wake of the Global Financial Crisis, the Spanish real estate market struggled to recover, which posed significant issues for savings banks that had an outsized exposure to the real estate sector. The Spanish government created Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria (SAREB) in 2012 to buy impaired real estate assets from troubled banks and sell them over a 15-year period using funds from an up to €100 billion ($123 billion) loan from the European Financial Stability Facility. Its mandate was “to help clean up the Spanish financial sector and, in particular, the banks that ...


Bank Assets Management Company (Bamc), Alexander Nye 2021 Yale University School of Management

Bank Assets Management Company (Bamc), Alexander Nye

The Journal of Financial Crises

Slovenia weathered the initial shock of the Global Financial Crisis (GFC) of 2008 well enough to return to growth in 2010. However, non-performing loans continued mounting, banks experienced significant losses, and credit growth turned negative in a credit crunch. Slovenia entered a recession in 2011, experiencing the second largest GDP decline in the euro area. It was not certain whether Slovenia had the fiscal space to resolve these problems without requesting a Troika bailout from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF). In late 2012 the government tried to prevent such a program by ...


United Kingdom Asset Resolution Limited (Ukar), Aidan Lawson 2021 Yale University

United Kingdom Asset Resolution Limited (Ukar), Aidan Lawson

The Journal of Financial Crises

As the Global Financial Crisis began to unfold, the United Kingdom (UK) saw two of its largest mortgage lenders in Bradford & Bingley (B&B) and Northern Rock begin to weaken dramatically under the pressure that housing and financial markets were facing. Northern Rock and B&B both faced severe funding problems due to a worsening global credit crunch and both would be nationalized in 2008. Despite this effort, the crisis continued to worsen globally, and the UK government created UK Asset Resolution Limited (UKAR) on October 1, 2010. This organization’s goal was to wind down and maximize the return ...


Asset Management Corporation Of Nigeria (Amcon): Asset Management, Pascal Ungersboeck, Corey N. Runkel 2021 Yale University

Asset Management Corporation Of Nigeria (Amcon): Asset Management, Pascal Ungersboeck, Corey N. Runkel

The Journal of Financial Crises

Nigeria experienced the Global Financial Crisis as a dramatic decline in the price of crude oil and a burst stock market bubble. These losses were compounded by a high level of margin lending, resulting in large numbers of nonperforming loans (NPLs) for Nigerian banks. The government established the Asset Management Corporation of Nigeria (AMCON) in July 2010 to purchase NPLs and inject capital in insolvent banks. In three purchases between December 2010 and December 2011, AMCON acquired loans with face value ₦4.02 trillion ($26.8 billion) for ₦1.76 trillion. As a result, NPLs in Nigerian banks fell from ...


The Thai Asset Management Company (Tamc), Mallory Dreyer 2021 Yale University

The Thai Asset Management Company (Tamc), Mallory Dreyer

The Journal of Financial Crises

The combination of the collapse of a midsize bank due to fraud and the failure to meet projected exports exposed weakness in the Thai economy in 1996. Pressure on the baht grew in 1997, and the Thai government attempted to defend its currency by depleting foreign reserves. Thailand floated the baht in July 1997, which triggered a financial crisis. The government encouraged financial institutions to establish institution-specific asset management companies to address nonperforming loans (NPLs), which peaked in 1999 at 47.7% of total loans. Despite those efforts, NPL levels remained high. In 2001, the government created the Thai Asset ...


Colombia: Central De Inversiones Sa (Cisa), Lily S. Engbith, Manuel Leon Hoyos 2021 Yale University

Colombia: Central De Inversiones Sa (Cisa), Lily S. Engbith, Manuel Leon Hoyos

The Journal of Financial Crises

Colombia began 1999 amidst a deep recession, caused in part by financial and trade sector liberalization and exacerbated by an unexpectedly sudden appreciation of the peso. Nonperforming loans (NPLs) amounted to more than 14% of total loans, up from 8% in 1998. Colombian authorities thus decided to implement a three-year economic recovery program in late 1999. As part of the government’s strategy, banks slated for recapitalization were compelled to transfer or write off their NPL portfolios to Central de Inversiones SA (CISA), a public special purpose vehicle acquired by the deposit guarantee fund Fogafín in September 2000 for the ...


Malaysia: Pengurusan Danaharta Nasional Berhad, Mallory Dreyer 2021 Yale University

Malaysia: Pengurusan Danaharta Nasional Berhad, Mallory Dreyer

The Journal of Financial Crises

After the devaluation of the Thai baht in 1997, the Malaysian economy experienced turmoil and a financial crisis. As part of the government’s response to the financial crisis, it established Danaharta, a national asset management company, alongside a recapitalization agency, Danamodal, and a debt restructuring body, the CDRC, to address instability in the financial system. The government established Danaharta with the purpose of removing nonperforming loans from the financial system and maximizing their recovery. The Danaharta Act granted the agency special legal authority to more efficiently resolve NPLs. Danaharta received funding from the government and issued zero-coupon, government guaranteed ...


Digital Commons powered by bepress