Welfare Effects News Today

How is sectoral employment shifts helping to reduce poverty in Tanzania? A research from the World Bank responds to this question by analyzing data from the National Panel Survey (NPS), a household survey conducted in 2014-15 and 2020-21 by the National Bureau of Statistics.

The Welfare Effects of Encouraging Rural-Urban Migration  EGC Research Summary, March 2023 Understanding the obstacles to growth and productivity in low- and middle-income countries is essential to creating policy solutions that can lift people out of poverty. One common explanation for gaps in growth rates between countries is that lower-income countries do a poor job of matching workers to the jobs in which they would be the most productive.

January 18, 2023- The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an order that identifies the virtual currency exchange Bitzlato...

<p><span>In my first speech as Vice Chair for Supervision in September, I said that the Federal Reserve Board would soon engage in a holistic review of capital standards. My argument, then and now, is that our review of regulatory policy must be a periodic feature of bank oversight. Banking and the financial system continuously evolve, and regulation must adapt to address emerging risks. Bank capital is strong, but in doing our review, we should and are being humble about our ability...

Research by Cornell and the U.S. Department of Agriculture offers the first estimates of food pantries' economic value to families, highlighting their important role in addressing food insecurity.

Targeted News Service provides Washington Bureau coverage, federal contract and contracting information for awards and for subcontracting opportunities, a congressional vote chart, federal and congressional press releases.

November 4, 2022- U.S. Deputy Secretary of the Treasury Wally Adeyemo chaired a meeting with members of the Financial and Banking Information Infrastructure Committee to discuss...

With EU–India clinching a post-Brexit trade negotiation, the present paper proposes to examine whether the free trade agreement between the two regions would increase production efficiency and thereby social welfare. Using the partial equilibrium model, the study reveals that the EU–India FTA yields less positive trade and welfare gains in India after Brexit specifically, for

Concerns about international trade have grown, as recent studies document a negative effect of Chinese import competition on US labour markets. This column provides a new framework to explain this observation, which relies on the presence of downward nominal wage rigidity in US labour markets. The increased competition from China improves US terms of trade, but nominal wage

This document provides an update on the use of job retention (JR) schemes during the COVID-19 crisis until the end of 2021 and takes stock of the different strategies employed by OECD governments to adjust them as the crisis evolved. It provides three key insights. First, since reaching a peak of 20% of employment in April/May 2020 on average across OECD countries, the use of JR support has declined to 1.3% in November/December 2021. Second, countries have used different approaches to adjust tem...