Wage inequality has increased sharply in the United States since the mid-1970s. Some have argued that globalization — in particular, increased international trade and immigration — is primarily responsible for changes in the wage distribution. However, Senior Vice President and Director of...

This article discusses the key events of the financial crisis, examines which factors contributed to it, and considers how policymakers might most effectively respond. At the core of their discussion is the role that explicit and implicit government guarantees played in encouraging unwise...