Immigration has little effect on the wages or employment levels of native-born Americans over the long haul and is a net benefit for long-term economic growth, according to one of the most comprehensive studies on the flow of workers into the U.S.
Americans reduced home buying for the second straight month in August, suggesting the housing market might be stumbling due to a run-up in prices, an inventory shortage and persistent doubts about the economy’s strength.
The World Bank has begun a game-changing overhaul of its development financing for the poorest countries by leveraging the private sector. As a first step, its financing arm Thursday secured a triple-A rating.
Central banks have shown the will to hit their growth and inflation targets. But do they have the way? That question is more pointed after the Bank of Japan on Wednesday announced two new central-bank firsts, Greg Ip writes.