In a 2022 blog post, Sahm wrote that the idea was to create a policy tool that would help the government determine when to send out stimulus checks, but she noted wryly that the rule took on a life of its own, drawing attention from noted economists like Larry Summers and the media. ...
The nation's policymakers set the policy agenda for the world's second-largest economy at the annual Central Economic Work Conference in Beijing on Wednesday and Thursday.The meeting also signaled a rare increase in its deficit-to-GDP ratios, through fiscal expenditures and issuance of ultra-long...
Others believe the Depression was triggered by insufficient consumer demand, which governments tried to address during the 1930s with deficit spending. A final group thinks the market crashed because of a surplus of credit, such as the margin loans that investors used to speculate on stocks....
In 2020, the U.S. current account deficit was $180 billion, the largest in the world. The U.S. borrows to finance its trade deficit.
the Red Bull was clearly the fastest in race trim. Looking at the long runs on Friday, they're expected to be the benchmark tomorrow, so we need to have a clever race, manage it from the front, knowing the quickest car on track will likely be behind us with Verstappen...
From the 1970s oil embargoes to the COVID-19 lockdowns, each economic downturn (gray shaded area) was accompanied by a sharp rise in the unemployment rate (blue line). Source: U.S. Bureau of Labor Statistics, Unemployment Rate [UNRATE], retrieved from FRED, Federal Reserve Bank of St....
This research provides a fact base to document the racial gaps that exist in the US economy today and offer a vision of what could be gained if they were closed. We adopt the lens of the economic roles individuals play as workers, business owners, savers/investors,...
For many years in the U.S., raising the debt limit was not an issue. The Republican Party has since only supported increase while it has controlled the White House. It has argued against raising the limit under Democratic administrations. 多年来,在美国,提高债务限额不是问题。此后,共和党只在...
The government deficit in 2016 was approximately $587 billion. The aggregate national debt is roughly $22 trillion. Even when the debt is this...Become a member and unlock all Study Answers Start today. Try it now Cre...
I reconsider the role of asset-prices and current account deficits as leading indicators of financial crises. Run-ups in equity and house prices and a widening of the current account deficit have substantially larger (and more statistically-significant) effects than debt growth on the probability ...