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Pandemics swing elections, but not as much as you think | VOX, CEPR Policy Portal


Massimo Morelli
The COVID-19 pandemic changed almost everything about the 2020 American elections. The Biden campaign made much of the federal failure to combat the disease. President Trump politicised the response, appearing to run against practices like mask-wearing that are designed to slow infections (Milosh et al. 2020). Campaign techniques changed dramatically, particularly on the Democratic side, with door-knocking and in-person rallies falling off and outreach moving to video and virtual realms. 
Polls showed that most Americans disapproved of President Trump’s response to COVID-19 – a 17-point chasm by election day. A cross-country analysis of polling data showed that governments that failed to contain COVID-19 infections suffered falling approval rates (Herrera et al. 2020). ....

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Reclaiming a Federal Lead on Social Cost of Carbon | Holland & Knight LLP


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The social cost of carbon (SCC) has a checkered regulatory history spanning nearly 40 years, but it now has been thrust back onto the federal stage, front and center.
Among President Joe Biden s first acts in office was a directive to publish interim social costs for carbon, nitrous oxide and methane within 30 days of his executive order, Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis. along with the final social costs by January 2022.
The executive order reassembles the Interagency Working Group on the Social Cost of Greenhouse Gases (Working Group) – the regulatory apparatus first established by the Obama Administration in 2009 for the purpose of standardizing a valuation of the monetized damages associated with incremental increases in greenhouse gas emissions. A single methodology for determining the dollar figure for the SCC enables federal agencies to ....

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Modern Monetary Theory Meets Greece and Chicago


During the fall of 2009, George Papandreou headed the ticket of the Panhellenic Socialist Movement, known by its acronym PASOK, against the then‐​governing conservative party, New Democracy, in the Greek national elections. Papandreou ran on a platform that featured highly expansive fiscal spending. During a press conference on September 13, 2009, he was asked where he would find the money to fund his party’s spending proposals. His answer was that given in the above quotation, by which he meant that Greece had abundant fiscal space to increase government spending; he believed that tax revenues could be sharply raised through stricter enforcement of laws against tax evasion. On October 4, PASOK won a landslide electoral victory, garnering 43.9 percent of the popular vote, compared with 33.5 percent for the second‐​place, incumbent New Democracy party, with the result that Papandreou became Greece’s prime minister. In the following months, a sovereign‐​debt cris ....

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