US states have implemented lockdown measures to contain the COVID-19 pandemic. We assess the impact of state policy responses on local economic and health conditions, with the goal to shed light on marginal health benefits and economic costs associated with social distancing. We find that...

Many studies have shown that wealth inequality is even greater than income inequality and has increased in recent decades. This issue of Policy in Focus is dedicated to wealth taxes, presenting various perspectives on whether they can be an effective instrument for distributive and fiscal...

This research is the earliest attempt to understand the impact of inflation and the interest rate on output growth in the context of Pakistan using the wavelet transformation approach. For this study, we used monthly data on inflation, the interest rate, and industrial production from January...