Prof. Esther Duflo will present her research on poverty reduction and her “proposal for a global minimum tax on billionaires and increased corporate levies to G-20 finance chiefs,” reports Andrew Rosati for Bloomberg. “The plan calls for redistributing the revenues to low- and middle-income nations to compensate for lives lost due to a warming planet,” writes Rosati. “It also adds to growing calls to raise taxes on the world’s wealthiest to help its most needy.”
Prof. Adam Berinsky speaks with Boston Globe reporter Aidan Ryan about misinformation in the age of generative AI. “I don’t think that AI is necessarily going to make misinformation better, in the sense of making it more persuasive,” says Berinsky.“But it’s easier to create misinformation.”
Prof. Charles Stewart III speaks with The Guardian reporter Rachel Leingang and Votebeat reporter Jen Fifield about restoring faith in the U.S. election process. Of hand-counting ballots, Stewart explains: “I don’t see any evidence that something like this [hand-counting votes] would be the silver bullet that would restore confidence among the mass public.”
Writing for The Hill, Sloan Prof. Catherine Wolfram and UCLA Prof. Kimberly Clausing explore why they feel U.S. politicians should embrace carbon pricing. “2025 will be a big year for Congress to tackle longstanding fiscal issues and further climate policy efforts,” they write. “Before this can happen, politicians need to hear timely arguments backed by up-to-date evidence.”
Prof. Jonathan Gruber speaks with Marketplace reporter Matt Levin about the potential impact of raising the retirement age in the United States. Gruber suggests a new system where retirement age would vary by income. “People who are sufficiently high income, should be expected to work longer and get less in the system,” says Gruber. “People with physically demanding jobs and low income should be able to retire earlier.”
MIT’s new Climate Policy Center, directed by Prof. Christopher Knittel, will aim to produce “policy-relevant research on shorter timescales, while also pursuing more typical, long-term peer-reviewed work,” reports Andrew Freeman for Axios.
MIT Innovation Fellow Brian Deese speaks with CNBC about how the new class of weight loss drugs will impact American taxes and the federal deficit. “These drugs could touch tens of millions of Americans, that’s the good news,” says Deese. “They have the potential to reduce obesity, address diabetes and reduce the health care costs associated with that. The problem is that the scale and the cost of these drugs is so large, that it could add enormously to the federal budget.”
Prof. Catherine Wolfram speaks with Heatmap reporter Matthew Zeitlin about her new study examining the effectiveness of climate policies in reducing emissions. Wolfram and her colleague found that instituting a carbon fee and a clean electricity standard would reduce emissions the most. Wolfram added that if the U.S. were to institute a carbon fee, it would be a major step towards a worldwide carbon price. “The more countries that get in this game,” Wolfram said, “the more powerful that policy can be.”
Senior Lecturer Luis Videgaray speaks with Government Technology reporter Nikki Davidson about concerns facing emerging AI programs and initiatives. Videgaray underscores the importance of finding vendors, "who are willing to protect the data in a way that is appropriate and also provides the state or local government agency with the required degree of transparency about the workings of the model, the data that was used for training and how that data will interact with the data supplied by the customer.”
Prof. Jonathan Gruber, MIT Innovation Fellow Brian Deese and Stanford doctoral student Ryan Cummings write for The New York Times about the health benefits of new weight-loss drugs and the risk they pose to American taxpayers. “The magnitude of potential benefit and potential cost — roughly $15,000 per year per person — posed by these drugs suggests that policymakers may have no alternative but to step in and bring their costs in line with their social benefits,” they write. “If policymakers succeed in doing so, we could build a model for drug price negotiation that enables an extraordinary medical breakthrough to improve both our health and our fiscal position.”
Writing for the Financial Times, Prof. Kristin Forbes delves into her new study examining how quantitative tightening (QT) programs impact markets. “QT programs have, so far, been working as central banks intended,” Forbes writes. “At the same time, they have provided a small degree of support for central banks’ efforts to tighten financial conditions, with minimal impact on market functioning and liquidity. QT has worked in the opposite direction to quantitative easing, but the effects are much, much more muted.”
Los Angeles Times reporter Gustavo Arellano spotlights Democratic Senator Alex Padilla ’94 and his political career in California. Padilla “realized the only way to make things better for the Valley’s growing Latino community, in an era of anti-immigrant sentiment across California, was to elect politicians who looked like them,” writes Arellano.
Prof. Jon Gruber speaks with GBH hosts Jim Braude and Margery Eagan about the impact of political corruption on economics worldwide. The United States “has an incredibly dedicated, professionalized civil government,” says Gruber. “People go into government and spend much of their careers serving really the public good.”
Researchers at MIT and elsewhere have provided an analysis of the successes and shortcomings of President Biden’s climate bill, reports Brad Plumer for The New York Times. The report says “the biggest obstacles facing renewable electricity are logistical,” writes Plumer. “Wind and solar are facing lengthy waits to connect the nation’s clogged electric grids, and it can take a decade or more to get permits for new high-voltage transmission lines and build them.”
Axios reporter Courtenay Brown spotlights a new report by researchers from MIT and the Brookings Institute that finds poorer counties in the U.S. with lower employment rates have, “attracted a large share of the hundreds of billions of dollars allocated for clean energy projects, semiconductor mega-factories and more.” Brian Deese, an Innovation Fellow at MIT, explains that: “Distressed communities are attracting new clean energy and semiconductor investment at roughly twice the rate of traditional private investment. If this trend continues, it has the potential to change the economic geography of the country and create economic opportunity in parts of this country that too many people have written off in the past.”