Economic Policy Commons^™

A Just Reimagining Of The Loss & Damage Fund, Sarah Cheung

Master in Public Policy Theses

The Fund for Responding to Loss and Damage (FRLD), established at COP28 in 2023, represents a historic diplomatic breakthrough in multilateral climate finance, yet its design reflects the compromises necessary to secure political agreement rather than a just institutional architecture. This thesis evaluates the FRLD and two prominent reform proposals—the Bridgetown Initiative 3.0 and Esther Duflo's Grand Bargain—against a novel framework that provides a more precise way to evaluate the “justness” of different arrangements. This framework encompasses three dimensions: compensatory, distributive, and procedural justice. [JS1] A dimension of justice is achieved in a two-fold manner; first, through rhetorical commitments in …

Global Health Financing Of Diagonal Interventions: Building Resilient And Sustainable Health Systems In Sub-Saharan Africa, Lucy Kim

Master in Public Policy Theses

Background: Global health financing has historically prioritized disease-specific “vertical” programs over broader “horizontal” strengthening of general health systems. Vertical programs in HIV have led to unprecedented reductions in mortality worldwide, but HIV remains a significant public health threat in sub-Saharan Africa, where vertical strategies have long been criticized for creating fragmented health systems. In response, global health strategies have shifted towards combining vertical investments with broader horizontal activities, commonly referred to as “diagonal” programming. While evidence suggests that diagonal programming has the potential to create more resilient and sustainable health systems, evaluating its value for money is challenging due to …

Boundaries Of Inequality: The Political Economy Of Redlining And Modern Mortgage Credit, Kyle Guo

Harvey M. Applebaum ’59 Award

This paper investigates the legacy of historical redlining on contemporary access to mortgage credit across three distinct urban policy environments: Baltimore, Philadelphia, and Manhattan. I find that while historical redlining is associated with a statistically significant negative effect on mortgage approval rates, the magnitude of this direct effect is relatively small. In comparison, applicant race, particularly for Black applicants, is a stronger predictor of mortgage approval rates across cities and models. This study utilizes 1930s Home Owners’ Loan Corporation (HOLC) residential security maps and Home Mortgage Disclosure Act (HMDA) data from 2007 to 2017, and uses ordinary least squares (OLS) …

Upjohn Regional Economic Outlook, Iryna V. Lendel, Chloe Wieber, Sevrin Williams, Gerrit Anderson, Lee Adams, Emily Petz

Reports

No abstract provided.

Solving Affordability Challenges In Education, Housing And Childcare, Brad J. Hershbein, Michelle Miller-Adams, Brian J. Asquith, Chloe R. Gibbs

Presentations

These three presentations emphasize that affordability challenges across education, housing, and childcare stem from structural market and policy frictions, and that effective solutions require coordinated public investment, simplified systems, and attention to both supply and demand. The first presentation argues that while college tuition growth has slowed and aid has increased, affordability challenges persist due to complexity, misperceptions, and uneven costs, and it advocates for simple tuition-free programs combined with investments in advising, streamlined pathways, and stronger school-to-work connections. The second presentation highlights a growing housing affordability crisis in the Rust Belt driven by aging housing stock and limited supply, …

How Changes In Mexican Immigration To The United States Affect Mexican Labor Markets, Gonzalo Ares De Parga-Regalado, Marta Prato

Employment Research Newsletter

No abstract provided.

Empirical Results From The Eliminations Of Municipal Minimum Parking Requirements, David A. Griffith

Honors Theses

Minimum Parking Requirements (MPR) are municipal zoning ordinances mandating a set number of off-street parking spaces for new developments. Since the 1950s, MPR has been the near-universal way American municipalities supply parking, though growing criticisms since the late 1990s have targeted the policy for distorting development patterns, imposing high costs, and subsidizing personal vehicle use. Beginning in the early 2010s and increasingly in the early 2020s, cities and counties across the United States have moved to reform or eliminate MPR. This paper is the first empirical study of the economic effects of these removals. Using a two-way fixed-effects difference-in-differences OLS …

How Do Minimum Wages Affect Workplace Injuries?, Michael Davies, R. Jisung Park, Anna Stansbury

Employment Research Newsletter

No abstract provided.

Ai Is Taking Over!: A New Generation Of Unemployment Fears, Amaya V. Hepburn

Student Scholar Symposium Abstracts and Posters

The growing panic surrounding AI taking over the workforce is strong in a distinct group of demographics, in contrast to the fear of computers taking over the workforce that was seen in previous generations. This suggests that AI developments have sparked a wave of fear that is unlike the fear of tech developments in the past. I have discovered that this fear is prevalent across several demographics: age, employment, and income. By cross-analyzing through the 2017 and 2025 fear surveys, I discovered that fear of AI is more prevalent in younger generations and is more threatening to students entering the …

Money And Power: How Big Money Shapes Democracy In The United States, Paige Long

Thinking Matters Symposium

This project explores the question: what could and should be done to strengthen democracy in the United States? More specifically, it examines the role that large amounts of money in politics play in shaping political power and representation. The central argument of this project is that reducing the influence of big money in political campaigns and policymaking is necessary for creating a more fair and representative democratic system. When wealthy donors, corporations, and special interest groups are able to spend large amounts of money to influence elections and policy decisions, it can limit the political voice of ordinary citizens.

This …

The Coast Guard’S Budget & Its Impact On Operational Efficiency, Jory R. Cardoza

Honors Projects

The United States Coast Guard is constitutionally charged to carry out eleven core missions. This project examines the impact that the Coast Guard’s budget has on its ability to perform those different missions. This is done by using the statistical software program SPSS to analyze the statistical significance of budget related independent variables on multiple mission performance related dependent variables. Mission performance is based on the metrics that the Coast Guard uses to measure each of their missions. These metrics, along with the budgetary variables are published annually in documents such as Posture Statements, Performance Reports, and Budgetary Requests by …

Bipoc Stem Scholarship And Mentorship Initiative: A Community Based Approach To Expanding Access And Equity In Stem Education, Raymond Davis Jr.

Master of Public Administration for Senior Leadership

Across the United States, persistent inequities continue to limit access to Science,  Technology, Engineering, and Mathematics (STEM) education for Black, Indigenous, and  People of Color (BIPOC) students. Despite increased national attention toward diversity,  equity, and inclusion over the past decade, measurable improvements in participation,  retention, and degree completion in STEM fields have not kept pace. These disparities  remain deeply rooted in structural inequalities that influence educational access, resource  distribution, and long-term career opportunities.

The issue is frequently described as a“pipeline problem,”suggesting that students enter  STEM pathways but fail to persist through to completion. While this metaphor is useful, it  oversimplifies …

Hidden Barriers: Enforcement Asymmetry And The Political Economy Of U.S.–Mexico Food Trade And The Cattle Industry, Sabina Prieto, Chris Jackson

Honors Thesis

This project examines how enforcement irregularities in Mexican food safety regulation affect small exporters’ ability to access U.S. markets. On paper, agricultural trade is regulated by laws on food quality, certification, and logistics. In practice, it is how those rules are enforced. In Mexico, big firms and producer associations tend to gain steady support and easier certification, while smaller producers face delays, rejections, or inconsistent oversight that make it much harder to compete. This study uses a comparative case study approach to analyze how similar industries produce different outcomes in market access. By tracing key events such as disease outbreaks, …

Credential Shortages In Higher Education Programs In Mountain West Metro Areas, 2024, Isabelle G. Graham, Kristian Thymianos, Olivia K. Cheche, William E. Brown Jr.

Economic Development & Workforce

This fact sheet reports data on workforce demand for middle-skills jobs across five high-paying occupational categories: healthcare, management, blue-collar, protective services, and STEM. The Georgetown University Center on Education and the Workforce report, “Missed Opportunities: Credential Shortages in Programs Aligned with High-Paying Middle-Skills Jobs in 55 US Metro Areas,” includes metro-level data on 55 metro areas in the United States in 2024.2 This fact sheet focuses on data for five Mountain West metro areas, including Denver-Aurora-Lakewood, CO; Las-Vegas-Henderson-Paradise, NV; Phoenix-Mesa-Chandler, AZ; Salt Lake City, UT; and Tucson, AZ.

China-Canada Resource Diplomacy: New Era Of Land Grabbing, Valdrin Dragusha

Bridges: An Undergraduate Journal of Contemporary Connections

This paper examines the evolving economic relationship between China and Canada, particularly in the context of China's transition from a strictly social economy to an authoritarian socialist market economy. It highlights the implications of China's Going Out Policy initiated in 2000, aimed at securing vital natural resources amidst growing domestic demands driven by rapid economic expansion. The paper analyzes China's significant demand for resources, its sustainable development policies, and the changing dynamics of land acquisitions, particularly in relation to Canada, which is perceived as a strategic investment destination due to its abundant natural resources and technological advancements in clean energy. …

Economic Security And Strategic Rivalry: Industrial Policy And The U.S.–China Security Dilemma, Nurielle Rahav

Bates College Journal of Political Studies

In an era of geopolitical competition and technological dominance, industrial policy has reemerged as a crucial tool of economic strategy in both the United States and China. Industrial policies, particularly in the advanced manufacturing sector, were formerly understood as tools for strengthening the domestic economy. However, against the backdrop of the U.S.–China trade war, new industrial policies carry significant geopolitical implications. This paper argues that industrial policy intensifies the U.S.–China security dilemma, as both governments increasingly interpret economic self-sufficiency in advanced manufacturing as a matter of national security. Through an analysis of two cases, the U.S. CHIPS and Science Act …

Complex Systems Mapping Of Fiscal Growth Dynamics At Strategic Maritime Chokepoints Using Time-Series Slopes, Rahul Balamurugan, Preethi Nanjundan, Avichal Sharma

Northeast Journal of Complex Systems (NEJCS)

This study examines how maritime and trading states allocate public resources between defence, health, and economic growth around three strategic chokepoints the Strait of Malacca, the Strait of Hormuz, and the Suez Canal. The analysis extends the classic “guns versus butter” framing by treating defence and health spending as co-evolving components of an interconnected fiscal-growth system. Using World Development Indicators data (1999-2024), trend slopes are estimated for military spending (% of GDP), healthcare spending (% of GDP), and GDP growth (annual %). Two derived indicators are computed, a defence-to-health slope ratio (military slope/health slope) and a fiscal-balance proxy (health slope …

Ai Exposure And The Future Of Work: Tasks, Skill Demand, And Education, Erik Vasilauskas, Michael Horrigan

External Papers and Reports

No abstract provided.

Why Capitalism Needs Democracy And Democracy Needs Capitalism, Luigi Zingales

Fordham Law Review

No abstract provided.

Examining The Role Of The Cbn's Agent Banking Policy In Its Financial Inclusion Drive From A Mechanism Design Theory Perspective, Umar Yakub Yakub Mr

Bullion

This paper analyses CBN’s Agent Banking policy and its role in promoting financial inclusion through the lens of mechanism design theory. It sought to evaluate how effective the policy has been in bringing together the incentives of key stakeholders—customers, agents, and banks—with the ultimate goals of the Bank’s financial inclusion policy. The scope covers the design and evolution of the policy, the incentives of the different stakeholders, and finding potential information asymmetries, moral hazard, and adverse selection issues. It assesses the impact of the policy based on available evidence and concludes with mechanism design-informed recommendations for improving the policy’s effectiveness …