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Contributions of SIEPR scholars in the Economic Report of the President

The 2025 report tapped the work of our scholars in its assessment of pressing economic policy issues ranging from global financial markets to remote work.
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The annual release of the Economic Report of the President presents an overview of pressing economic policy issues facing the nation. This year, the 2025 report focused on domestic and global policy areas including taxes, financial markets and monetary policy, health insurance, housing, and education.  And notably, in the chapter on remote work, the contributions of SIEPR senior fellows Nicholas Bloom and Steven Davis played a significant informative role.

Multiple studies of our affiliated scholars at the Stanford Institute for Economic Policy Research (SIEPR) are cited in the report, demonstrating how policy-relevant research informs government discussions and decisions.

The 467-page report, prepared by the Council of Economic Advisers and released in January, also assesses the economic progress made during the Biden-Harris administration, and gives an economic outlook.

SIEPR scholars whose work was cited included:

Lukas Althoff on the geography of remote work.

Susan Athey on the effects of Medicaid coverage on cardiovascular risk factors.

Nicholas Bloom on one of the earliest studies on remote work and on the effects of work from home on disability employment and on retention and performance.

Bloom, together with Steven Davis, on a global analysis of working from home; the trends of working from home in the U.S.; a look at the varied adoption of remote work policies across jobs and firms; why working from home will stick; how universal internet access will increase productivity and economic resilience; and how remote work eases wage-growth pressures and saves millions of commuting hours.

Michael Boskin on consequences of large deficits and debt.

Erik Brynjolfsson on one of the first studies showing the productivity impact of using generative AI at work.

Ryan Cummings on alleviating supply constraints in the housing market.

Steven Davis, in addition to his joint work with Bloom noted above, on some of the unusual aspects of the big shift to working from home.

Thomas Dee on the impact of No Child Left Behind on student achievement.

Liran Einav on the large risk of losing health insurance in the U.S. and the impact of increased access to telemedicine.

Caroline Hoxby on the push-and-pull factors behind teacher aptitude and the causal impact of education on economic growth.

Charles Jones on the broad effects of R&D due to the connection between growth and ideas.

Arvind Krishnamurthy on the effects of quantitative easing on interest rates and on what's behind the demand for U.S Treasury bonds, whether they are still a safe haven, and what makes them safe assets.

Susanna Loeb on the potential of using large language models to improve tutoring in math and the promising results of a real-world adaptation of a human-AI tutoring system, and on the sway of salary policies on teacher recruitment and retention.

Hanno Lustig on a historical analysis of the fiscal capacity of the U.S. and the U.K.

Matteo Maggiori on the dynamics behind reserve currencies and risk sharing between countries, and the rise of the dollar and fall of the euro.

Paul Milgrom on the complex components of job design, such as in the realm of teaching.

Sean Reardon on an analysis of learning losses from the pandemic and the effectiveness of federal pandemic relief funds on academic recovery.

Maya Rossin-Slater on increased antidepressant use and lingering educational and economic impacts from school shootings.

A speech at SIEPR on the impact of geopolitics, delivered by Gita Gopinath of the International Monetary Fund, was also cited.

 

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