Many countries have worked on de-dollarization on the edges for years because their economies are at risk of America’s economic and fiscal policies, Federal Reserve’s policy on interest rate and America’s repeatedly weaponization of US financial system to sanction and punish other countries at ...
3 Congress uses fiscal policy to cr-eate jobs and provide extended unemployment benefits. The unemployment rate typically falls during the expansion phase of the business cycle. The lowest unemployment rate in modern history was 1.2% in 1944.4 Note It may seem counterintuitive to think ...
New York Governor Won't Remove NYC Mayor, for Now, but Plans to Increase Oversight of City Hall Gov. Kathy Hochul will not immediately remove New York City Mayor Eric Adams from office, but will instead push for increased oversight of City Hall as he faces intense scrutiny over his relation...
According to a 2022 working paper by the IMF, "We find that the impact of an unanticipated increase in public debt on the real GDP level is generally negative and varies depending on other fundamental characteristics." It is most negative for countries that already have high national debt. Tha...
In 2022, spirits gained market share for the 13th straight year in the fiercely competitive U.S. beverage alcohol market, as its supplier sales reached 42.1%, the council said. After years of steady growth, it marked the first time that spirit supplier revenues have surpassed beer — but jus...
Adhering to the “small government principle,” the Tea Party movement called for lower taxes and aimed to control the US national debt and federal budget deficit by reducing government spending, targeting the fiscal policies of the Barack Obama administration. In 2011, left-wing activists, ...
Louis; https://fred.stlouisfed.org/series/WALCL; https://fred.stlouisfed.org/series/FEDFUNDS, December 28, 2022. How fiscal and monetary policy work together Yes, we need both, preferably working in tandem. During the COVID-19 pandemic, the government used fiscal and monetary policy to ...
government spending shocks; fiscal policy multiplier; partisan conflict; panel analysis; vector autoregressions; mixed-frequency JEL Codes: C32; E32; E62; H31. Introduction In response to the Great Recession after the Great Financial Crisis in 2007–2008, and to the global recession caused by the...
Since the Biden administration took office, they have been doing some policy changes, some regulatory changes, and some changes to their internal processes to reduce the overall processing time and backlogs. As part of that, they first announced in March 2022 their plan to increase the automatic...
No one is talking about the US trade deficit in the current fiscal year, but it is likely to be another record, bringing with it new rounds of trade sanctions and protectionism.In this article, I explain why the twin deficit hypothesis will apply, bearin