The myth of a classless society has been exposed: Among rich countries, America stands out as the place where economic and social status is most likely to be inherited. The social changes taking place in America’s working class result from sharply rising inequality, and are not its cause.
To break the grip Wall Street has over political power would take a broad citizens’ movement, a groundswell of educated opinion focused on breaking that power, but the biggest Wall Street firms are larger and probably now more powerful than they were in the run-up to 2008.
The UN-backed PRI Initiative is a network of international investors working together to incorporate environmental, social and corporate governance (ESG) issues into decision-making and ownership practices to better align their objectives with those of society at large.
The global financial system still teeters on the brink of collapse, and virtually nothing has been done to avert another disaster. With the spectacle of “extend and pretend” unfolding, what needs explaining is why even the well-informed and high-minded remain committed to so unpromising a status quo.
When externalities are present and transaction costs are absent, private parties will strike welfare-enhancing deals regardless of who owns what. In a frictionless world, bargaining leads to efficiency. That is the essence of the Coase Theorem, and it is fiction, according to Steven Medema.
The mission of the International Insurance Relations Committee is to strengthen the international insurance regulatory system and provide a forum for cooperative efforts between the NAIC, international regulators, and multi-national associations of regulators on issues of mutual interest.
The mission of the National Association of Insurance Commissioners (NAIC) Reinsurance (E) Task Force is to monitor and coordinate activities and areas of interest, which overlap to some extent the charges of other working groups, specifically the International Insurance Relations (G) Committee.
The mission of the Property and Casualty Insurance Committee is to monitor and respond to problems associated with the products, delivery and cost in the property/casualty insurance market and the surplus lines market as they operate with respect to individual persons and businesses.
Professor Ed Kane argues that the common definition of systemic risk leaves out a crucial element – the endogenous role that safety net subsidies to serious risk taking play in incentivizing firms to take action politically and economically to attain and strengthen their status as systemically important firms.
Tim Jackson currently serves as the economics commissioner on the UK government’s Sustainable Development Commission and is director of RESOLVE, an inter-disciplinary collaboration aiming to develop an understanding of the links between lifestyle, societal values and the environment.
Banks take on excessive risk since they know, in case of failure, the taxpayer will step in to rescue them. That is a form of free insurance, and Ed Kane wants to end it. To do so, he says, we need to put a number on systemic risk, the amount for which the taxpayer is on the hook.
CBO’s assessment of the cost of the TARP’s transactions is $2 billion lower than its previous estimate. The decrease stems from an increase in the market value of the government’s investments in AIG and General Motors, partially offset by added costs resulting from mortgage programs.
The aging of the US population and increases in health care costs will push up federal spending significantly in coming decades relative to the size of the economy. If revenues remain at their past levels, the rise in spending will lead to rapidly growing budget deficits and mounting federal debt.
Support for the mortgage market has been part of a broader federal policy aimed at encouraging home ownership and at making housing more affordable for families. Fannie Mae, Freddie Mac, and the Federal Housing Administration have been an important aspect of that policy.
The budget deficit for 2011 was $1.3 trillion; at 8.7% of GDP, that deficit was the third-largest shortfall in the past 40 years. Federal spending exceeded 24% of GDP, the third-highest level in the past 40 years, while federal revenues were just over 15% of GDP, the third-lowest level during that period.
Focusing on education, public policy, and corporate responsibility, the Biomimicry Institute promotes the study and imitation of nature’s remarkably efficient designs, bringing together scientists, engineers, architects and innovators who can use those models to create sustainable technologies.
We have a strong reputation in innovative re/insurance and risk management solutions. We provide wholesale re/insurance products, insurance-based capital market instruments, and supplementary risk management services to Property & Casualty and Life & Health clients and brokers around the globe.
The Peterson Institute’s Int’l Trade and Investment research covers: Competition Policy, Corporate Governance, E-Commerce and Technology, Economic Sanctions, Energy, Foreign Direct Investment, Intellectual, Property Rights, Regional Trading Blocs, Tax Policy, and Global Institutions.
The Peterson Institute’s research related to International Finance and Macroeconomics covers: Exchange Rate Regimes/Monetary Policy; Finance, Investment, and Debt; Global Financial Crises; International Monetary Fund; New Economy and Productivity; and World Economy.
Edited by the Director of the Institute for Human Sciences and noted philosopher Krzysztof Michalski, the Project Syndicate Worldly Philosophers series provides papers by thinkers including philosophers, historians, political scientists, and public intellectuals and statesmen.
The Economic Policy Institute’s research focuses on workers and measures how they are impacted by free trade, globalization, and the depression of wages borne from international agreements and policies. Related experts include Robert E. Scott, Director of Trade and Manufacturing Policy Research.
Economic growth and increases in resource consumption and environmental degradation can be de-coupled to a considerable extent. This is realised by changing the nature of goods and services we produce, and how we produce, distribute and use them, through technological change and innovation.
The OECD Committee for Industry, Innovation and Entrepreneurship looks at economic behaviour at firm and sectoral levels to complement macro-level analyses by other OECD bodies. It examines developments in industry, issues of industrial adaptation, and trends in related policies.
The OECD general assessment of the global economic outlook is based on rigorous analysis of recent developments, following a defined process. This provides the basis for a set of internationally consistent, but conditional projections for each OECD country as well as key non-member economies.
OECD’s Perspectives on Global Development examines the impact of the rise of large emerging economies on development, poverty and inequality. The world’s centre of economic gravity has moved east and south, but the opportunities and risks for poor countries are only starting to be understood.
For more than a quarter century, the Institute for Policy Studies has been a leader in strengthening citizen responses to the global economy through research, writing, film, education, and coalition building. The project has produced dozens of books, articles, films, and educational materials.
INET was created to develop solutions for the economic challenges of the 21st century. It is a global community of thousands of new economic thinkers, ranging from Nobel Prize winning economists to teachers and students attracted by the promise of a free and open economic discourse.
The Geneva Association’s programme on insurance and finance comprises academic and professional research in the fields of finance where they are relevant to the insurance and risk management sector, and is dedicated to making an original contribution to the progress of insurance.
The Geneva Association’s programme on risk and insurance economics comprises the theoretical and academic activities of the Association. It is dedicated to making an original contribution to the progress of insurance through studies of the interdependence between economics and insurance.
The Risk Management Programme fosters the use of risk assessment and risk management in new fields of application such as policy making, and identifies new opportunities for insurers in the emerging sustainability concept in order to enlarge the field of insurable and insured risks.
The Peterson Institute’s research related to Globalization is focused in: Politics of Globalization, Globalization and Labor, Globalization and Environment, Migration, and Issues and Impact. Research is available in Policy Briefs, Working Papers, Congressional Testimony, and Books.
The Peter G. Peterson Institute for International Economics is one of the very few economics think tanks widely regarded as “nonpartisan” by the press and “neutral” by the US Congress. Its research staff is cited by the quality media more than that of any other such institution.
The Geneva Association is the leading international think tank of the insurance industry. It detects early ideas and emerging debates; inspires and initiates research; organises debates; disseminates research results and analysis; and pushes underlying ideas among clearly defined target groups.
The United Nations Department of Economic and Social Affairs helps countries around the world to meet their economic, social and environmental challenges. DESA’s mission – to promote development for all – reflects a fundamental concern for equity and equality in all countries.
The Government Accountability Office provides public access to its wide-ranging research related to Financial Markets and Institutions. Covered topics include Securities Regulation, Entrepreneurial Assistance, Mortgage Financing, Dodd Frank, Credit Rating Agencies, and Bank Capital Requirements.
In the aftermath of the 2007-09 financial crisis, CBO quantifies the costs and risks of policy proposals related to federal credit and insurance programs, banking and capital markets, government-sponsored enterprises such as Fannie Mae and Feddie Mac, and other federal financial activities.
The Congressional Budget Office “regularly assesses the state of the economy and the impact on the economy of proposed changes in federal spending and taxes. Analysts prepare economic projections for the federal budget, study major aspects of the economy such as productivity and unemployment.
The nation’s highways, airports, water supply systems, wastewater treatment plants, and other facilities play a vital role in the economy. It supports private commercial activities and the daily lives of individuals. CBO examines proposals for changes in federal policy regarding such infrastructure.
The Congressional Budget Office produces independent, nonpartisan, timely analysis of economic and budgetary issues to support the Congressional budget process. The agency’s nonpartisanship is evident in the reports and cost estimates its economists and policy analysts produce.