Prof. Emeritus Olivier Blanchard speaks with Robert Armstrong of the Financial Times about inflation, the rise in long yields and the fiscal endgame in the U.S. Blanchard urges regulators to, “have plans for a steady reduction of primary deficits to close to zero. Slow, steady, convincing, credible.”
Prof. Daron Acemoglu and Prof. Simon Johnson write for Project Syndicate about how to structure U.S. international trade policies so that they benefit American workers and global stability. “Two new principles can form the basis of U.S. policy. First, international trade should be structured in a way to encourage a stable world order,” they write. “Second, appealing to abstract 'gains of trade' is no longer enough. American workers need to see the benefits. Any trade arrangement that significantly undermines the quality and quantity of middle-class American jobs is bad for the country and its people, and will likely incite a political backlash.”
Prof. Sinan Aral speaks with Yahoo! Finance Live host Julie Hyman about President Biden’s executive order on artificial intelligence regulation. “This is big, it's bold, it's broad,” says Aral. “It has a number of provisions. It has provisions for safety, for privacy, for equity, for workers, for competition and innovation, and leadership abroad. And it really targets those foundation models, the big AI companies in terms of their safety and security standards.”
Prof. M. Taylor Fravel speaks with NPR reporter Emily Feng about a new Pentagon report highlighting China’s accelerated efforts to develop a nuclear arsenal. “It’s a complete transformation of China's approach to nuclear weapon,” says Fravel. “[The information found in the report] confirms “the rapid modernization foreshadowed several years ago is on track.”
Prof. Simon Johnson and Prof. Catherine Wolfram write for The Washington Post about how to prevent petrostates from benefitting from war. “We need to break the cycle of petrostates benefitting from fomenting violence,” write Johnson and Wolfram. “And when we punish one petrostate, we need to be careful not to reward another.”
Prof. Emeritus Frank Levy and Louisiana State Prof. Scott Abrahams have published a working paper titled “The Revival of U.S. Populism: How 39 Years of Manufacturing Losses and Educational Gains Reshaped the Electoral Map,” reports Thomas B. Edsall for The New York Times. The paper makes “the case that polarization and institutional gridlock have roots dating back more than four decades,” explains Edsall.
Prof. Charles Stewart III speaks with Matter of Fact host Soledad O’Brien to explain the role and history of the Speaker of the House. “In a nation of people who are naysayers and distrusting of authority, distrusting of institutions and political parties, the American Congress remains the most capable parliamentary institution on this planet,” says Stewart.
In an article for The Hill, Prof. Arnold Barnett and Arnaud Sarfati MBA ‘21 examine whether Americans can trust the polling system in the U.S. “To put it simply, believe the polls, and pay particular attention to the local polls in toss-up states,” they write. “Pollsters that were broadly successful in the last presidential election are unlikely to fail colossally in the next one.”
In an article that appeared in The Washington Post, Prof. Kenda Mutongi explores how “what has emerged on the streets of Nairobi is a kind of civic pragmatism, a host of improvisatory and creative practices that amount to a supplementary accommodation which grants the poor a meager means of survival.” Mutongi adds: “through an inventive kind of civic pragmatism, the citizens of Nairobi find ways of ‘instrumentalizing disorder’ that allow them to survive. Somehow, in a roundabout way, people keep trying to get by.”
Prof. Iván Werning speaks with New York Times reporter Peter Coy about whether transitioning from pesos to the U.S. dollar could help control inflation in Argentina. Coy writes that Werning prefers “more conventional solutions such as bringing government budgets closer into balance.”
Prof. Simon Johnson and Prof. Catherine Wolfram write for The Los Angeles Times about the impact of high oil prices on the Russian invasion of Ukraine. “Russia is earning fistfuls of money from its oil sales, and using the revenues to buy tanks, pay soldiers and keep the war out of the minds of ordinary Russian citizens,” explain Johnson and Wolfram. “High oil prices enable Putin to test Western democracies’ resolve, and the dysfunction on Capitol Hill plays into his hands. That makes maintaining the oil price cap, with added protections, all the more important for reducing Putin’s ability to continue fighting.”
MIT Innovation Fellow Brian Deese speaks with Financial Times reporter Gideon Rachman to explain Bidenomics and how it is impacting the economy. “I think the term [Bidenomics] has taken on a lot of different elements,” says Deese. “To me, it’s a description of what are the three core economic policy priorities of the Biden administration that have played out over the course the last two years.”
A new study by Prof. Jonathan Gruber finds that helping undocumented immigrants in the U.S. connect with primary care doctors could help reduce ER visits, reports Cara Murez for HealthDay. “The data showed a 21% drop in emergency department use, as well as a 42% drop for folks with high-risk medical profiles,” writes Murez.
Boston Globe reporter Macie Parker spotlights the new John A. Volpe National Transportation Systems Center in Kendall Square, the first building to open in MIT’s redevelopment of the 14-acre Volpe site that will ultimately include “research labs, retail, affordable housing, and open space, with the goal of not only encouraging innovation, but also enhancing the surrounding community.” Parker highlights the green technology included in the new Volpe Center: solar panels; triple-paned glass; electric vehicle charging stations; a rainwater reclamation and reuse system; and green and cool roof technology to lower energy use.
Writing for The Washington Post, Brian Deese, an MIT Innovation Fellow, explores the resilience of America’s post pandemic economic recovery and the strength of the labor market. “This economic recovery is defying expectations,” writes Deese. “Enabling more people to work can extend this improbable progress and lay the groundwork for long-term economic growth.”