Infrastructure Spending Can Boost Econ., Climate

Physical infrastructure underlies all economic activity, allowing consumers, workers, and firms to coordinate to mutual advantage. Getting infrastructure decisions right is a core part of economic policy, and infrastructure has been a constant topic of conversation in Washington, DC for years. As policymakers consider new directions for infrastructure policy, they should have in mind the following questions: when infrastructure should be built, what type of infrastructure is needed, and how to choose and fund infrastructure projects.