/ TAG Curated

The new Senate-approved $2 trillion relief package has raised hopes, but a burst of money creation will not stop the COVID-19 crisis or save our economies.

Governments increasingly recognize that economies can reach their full potential only with the full participation of both women and men. To help countries achieve this goal, the World Bank Group is focusing on four key areas in particular.

The Conference Board recently began measuring the impact of innovation. Here are some takeaways. 

In contrast to recessions driven mainly by a demand shortfall, the challenge posed by a supply-side-driven downturn is that it can result in sharp drops in production, generalized shortages and rapidly rising prices.

In the fight against the COVID-19 pandemic, economists, economic policymakers and bodies like the G7 should humbly acknowledge that “all appropriate tools” imply, above all, those wielded by medical practitioners and epidemiologists.

There is no doubt that China will win the battle against the coronavirus. In the meantime, however, policymakers must take steps to ensure that the economy functions as normally as possible—without compromising efforts to contain the outbreak—and can bounce back quickly once the crisis is over.

The original purpose of limited-liability protection was to encourage investment in—and risk-taking by—corporations, whose resulting innovations would benefit society. Yet by allowing shareholders to profit from the harms caused by corporations, limited liability has evolved into a source of systemic market failure.

Many leading central bankers now argue that, instead of just playing its traditional role of deciding the allocation of government spending, investment, taxes, and transfers, fiscal policy must substitute for monetary policy in economic fine-tuning and fighting recession. That would be a big mistake.

It seems no traditional finance company is safe from the marauding tech giants.

The World Economic Forum’s annual meeting in Davos put environmental risks at the top of its agenda, while the world’s CEOs see overregulation as their biggest threat.

Investment advisors who passed a licensing exam with more ethics questions were one-fourth less likely to engage in misconduct than those with less ethics training, according to a new study.

The dean of the only school of philanthropy sees some good in the attention charity-related scandals are generating.

The United States’ federal budget deficit is currently projected to explode, increasing the federal debt to unprecedentedly high levels. A very gradual fiscal consolidation, with federal spending as a share of GDP declining slightly each year, would both raise economic growth and create a more resilient economy.

Major investors profess support for efforts against climate change but have very little to show for their promises.

Markets have concluded that the latest threat to the global economy has been removed. But just because Iran and the United States have so far avoided a full-scale war does not mean that markets are out of the woods.

Men who work in female-dominated fields tend to get more prestige and higher wages.