Last week, Ben Bernanke offered a lecture in Stockholm as part of the award ceremony for his recent Nobel Prize. Bernanke summarized the work that led to his award, which examines how stress in credit markets leads to increases in the cost of borrowing and reduces the availability of credit with consequential effects on the macro economy.
National governments of countries that are leading the charge in AI development have taken very different approaches to how these technologies are regulated. The difference in AI governance regimes between China, the U.S., and the EU may lead to a technological decoupling, argues Benjamin Larsen, which could cause diminishing interoperability between technologies, hardware, and software developed in the different regions.
In his State of the Union address, President Biden announced his administration would take steps to address the "national mental health crisis." The U.S. Department of Health and Human Services (HHS) released a new roadmap to better integrate mental health into the overall healthcare system in September as part of that effort. Today, the USC-Brookings Schaeffer Initiative for Health Policy is hosting HHS Secretary Xavier Becerra and numerous experts to discuss the administrations ambitious goals.
The economic benefits of immigration. Immigration boosts economic activity, promotes innovation, and improves the productivity of American workers, but there are many shortcomings to the immigration system. At an event last week, the Hamilton Project hosted Senator Joe Manchin, former Treasury Secretary Robert E. Rubin, and two expert panels to discuss the issues and two new policy proposals. Watch video of the event and read the policy proposals.
Regulating crypto. 2022 was a tumultuous year for cryptocurrency and digital asset markets. To offer guidance on regulation, the Brookings Economic Studies program hosted several events and published research on some of the latest proposals. Explore the events and research.
