To build brain resilience and compete effectively, America needs to re-double its efforts to boost its domestic brain capital i.e., social, emotional, and cognitive resources.
Harris A. Eyre, Dan Mannix, Vinod Veedu, Steve Carnevale, Michael D. Matthews, Michael L. PlattDecember 4, 2023
The surge in brain disorders is having a notable effect on the economy. Brain Capital, which takes into account cognitive and non-cognitive brain abilities as well as brain health, is becoming increasingly essential to the world's economies. This is particularly evident in light of the progression of AI technology, which is substituting positions that require minimal skills.
The authors conduct a step-by-step examination of various factors that were blamed for the extended power outage on the ERCOT electricity grid in February 2021. While no single factor fully explains the calamity, the bureaucratic failure in identifying and addressing risks along fuel supply chains was a major failure. Most proposed remedies do not fundamentally address what occurred. The authors make several recommendations, some of which have already been implemented.
Peter R. Hartley, Kenneth B. Medlock III, Shih Yu (Elsie) HungFebruary 2, 2022
Given that policymakers will eventually need to decide how to resolve the social security program’s projected shortfall, this paper presents a simulation-based approach to evaluating the conventional alternatives of adjustments to benefits or taxes.
This working paper is one of a series submitted for the Oct. 1, 2015, Baker Institute event "Currency Policy Then and Now: 30th Anniversary of the Plaza Accord."
As of 2013, Colombia faces various challenges associated with managing an uncertain international economic environment and reversing adverse long-term trends, notably high domestic inequalities and the weakening of its manufacturing and agricultural sectors.
Special drawing rights (SDRs) should become a more relevant instrument of international monetary cooperation. This requires transforming them into a pure reserve asset and the International Monetary Fund into a fully SDR-funded institution.