scholarly journals A Stimulus Package to Address the Pediatric Sleep Debt Crisis in the United States

2020 ◽  
Vol 174 (2) ◽  
pp. 115 ◽  
Author(s):  
Ariel A. Williamson ◽  
Lisa J. Meltzer ◽  
Alexander G. Fiks
Keyword(s):  
United States ◽  
Debt Crisis ◽  
The United States ◽  
Sleep Debt ◽  
Stimulus Package ◽  
Pediatric Sleep

International debt and linkage strategies: some foreign-policy implications for the United States

1985 ◽  
Vol 39 (4) ◽  
pp. 699-727 ◽  
Author(s):  
Benjamin J. Cohen
Keyword(s):  
United States ◽  
Foreign Policy ◽  
Latin American ◽  
Debt Crisis ◽  
Policy Instruments ◽  
The United States ◽  
Policy Implications ◽  
Power Resources ◽  
The Government ◽  
The Imf

The global debt problem influences the foreign-policy capabilities of the United States through its impact on the government's “linkage strategies” in foreign affairs. In some circumstances policy makers are forced to make connections between different policy instruments or issues that might not otherwise have been felt necessary; in others, opportunities for connections are created that might not otherwise have been felt possible. The Polish debt crisis of 1981–82, the Latin American debt crisis of 1982–83, and the IMF quota increase in 1983 are suggestive in this regard. Linkage strategies bred by the debt issue are more apt to be successful when the interest shared by the United States with other countries in avoiding default is reinforced by other shared economic or political interests. They will also be more successful to the extent that the government can supplement its own power resources by relating bank decisions to foreign-policy considerations. Power in such situations, however, is a wasting asset, even when employed indirectly through the intermediation of the IMF.

What Is Stimulus without Debt?

2018 ◽  
Author(s):  
Laurence Seidman
Keyword(s):  
United States ◽  
Central Bank ◽  
Federal Reserve ◽  
Aggregate Demand ◽  
Government Debt ◽  
The United States ◽  
United States Congress ◽  
Fiscal Stimulus ◽  
Goods And Services ◽  
Stimulus Package

Stimulus without debt is a policy that would increase aggregate demand for goods and services in a recession without increasing government debt. Stimulus without debt consists of a transfer (not loan) from the central bank to the national treasury (or to national treasuries in the case of the eurozone) so that the treasury does not have to borrow to finance fiscal stimulus enacted by the legislature. In the United States, Congress would enact a fiscal stimulus package that consists mainly of cash tax rebates to households but also other temporary expenditures and temporary tax cuts; the fiscal stimulus would raise aggregate demand. The Federal Reserve would use new money to give a large transfer (not loan) to the Treasury equal to the fiscal stimulus package so that the Treasury does not have to borrow to pay for the package. Hence, there would be no increase in government debt.

scholarly journals Forty Years of Leverage: What Have We Learned About Sovereign Debt?

2014 ◽  
Vol 104 (5) ◽  
pp. 266-271
Author(s):  
Peter Boone ◽  
Simon Johnson
Keyword(s):  
United States ◽  
Financial Crises ◽  
Sovereign Debt ◽  
Best Practice ◽  
Debt Crisis ◽  
The United States ◽  
Banking Crises ◽  
Sovereign Debt Crisis ◽  
Negative Effects ◽  
Regulatory Constraints

Financial crises frequently increase public sector borrowing and threaten some form of sovereign debt crisis. Until recently, high income countries were thought to have become less vulnerable to severe banking crises that have lasting negative effects on growth. Since 2007, crises and attempted reforms in the United States and Europe indicate that advanced countries remain acutely vulnerable. Best practice from developing country experience suggests that regulatory constraints on the financial sector should be strengthened, but this is hard to do in countries where finance has a great deal of political power and cultural prestige, and where leverage is already high.

scholarly journals Consideration of Trade-offs Regarding COVID-19 Containment Measures in the United States

2021 ◽  
Author(s):  
Mayvis Rebeira ◽  
Eric Nauenberg
Keyword(s):  
United States ◽  
Cost Effectiveness ◽  
Premature Mortality ◽  
The United States ◽  
Value For Money ◽  
Men And Women ◽  
Containment Measures ◽  
Healthcare Interventions ◽  
The Cost ◽  
Stimulus Package

Abstract Background: The economic stimulus package in the United States, which totalled $2.48 trillion, was designed to soften the economic impact of sweeping containment measures including shelter-in-place orders that were put in place to control the COVID-19 pandemic.Methods: In healthcare, interventions are rarely justified simply in terms of the number of lives saved but also in terms of a myriad of other trade-off factors including value-for-money or cost-effectiveness. Cost-effectiveness analysis was therefore conducted as the cost per life-year gained (Cost/LYG) from the containment measures adopted based on several different projections of the baseline number of deaths in the absence of any containment measures. Reductions in premature mortality due to the shutdown (i.e. the difference between years of life lost relative to life expectancy under the shutdown and no shutdown scenarios) were used to calculate changes in health status. Given that men and women have different life expectancies, the analysis calculates premature mortality for men and women by age bracket. Results: The results showed seven different scenarios that reflect different death projections. It showed that as the projected number of deaths increases, the cost-effectiveness of the containment measures becomes more favourable i.e. providing better value-for money for US taxpayers. Cost-effectiveness ranged from $180,874 per life-year-gained for the high-end projection to $4,258,780 per life-year gained for the low-end death projection estimate.Conclusion: Incremental costs per life-year gained related to the economic shutdown can span a wide range depending on the baseline number of deaths in the absence of any containment measures. The results show that in the US, under no scenario for life-years gained does the stimulus package compare favourably to other healthcare interventions that have had favourable cost-effectiveness profiles. However, when comparing value-of-statistical-life-year (VSLY) threshold measures used in other sectors, it is plausible that the U.S. stimulus package could be viewed more favourably from a cost-effectiveness perspective. Given the wide-ranging impacts that COVID-19 has had on American life, it would seem that the comparison should be made to experiences in multiple sectors and on this basis, it appears that the shutdown is likely to represent good value-for-money.

scholarly journals Student Debt in the United States: Rhetoric vs Reality

2018 ◽  
pp. 16-18
Author(s):  
Sandy Baum
Keyword(s):  
United States ◽  
Older Adults ◽  
College Graduates ◽  
Debt Crisis ◽  
The United States ◽  
General Notion ◽  
Student Debt ◽  
For Profit ◽  
Returning To School

The general notion of a student debt “crisis” in the United States is rooted in misperceptions. The problems lie largely with students who leave school without a credential, with those who attend for-profit institutions, and with older adults returning to school—not with young, four-year college graduates.

American Politics and its Debt Issue

2014 ◽  
Vol 2 (1) ◽  
pp. 107
Author(s):  
Balasundram Maniam
Keyword(s):  
United States ◽  
American Politics ◽  
Political System ◽  
Debt Crisis ◽  
The United States ◽  
Debt Level ◽  
Working Together ◽  
The Government ◽  
The U.S ◽  
The Way

The purpose of this paper is to shed some light on the on-going debate about the United States’ debt level and how U.S. lawmakers are attempting to resolve it. On the surface, it seems like they are not working together to resolve the issue, but further complicating it with various tactics, such as the government shutdown. That raises the question, “why is this the case?” to which the answer can be found through the understanding of the American political system and the way it was founded. It should be noted that many leading economists have questioned the very idea as to why we are making a big deal about the U.S. debt issue and assert that the U.S. does not have a debt crisis to begin with, and the issue is simply made up for political reasons. Many leading economists have a position on this argument and they strongly believe that their position is the correct one. The objective of this paper is to highlight those views as well as share its own view on the important topic while keeping an eye on why the U.S. political system functions the way it does.

The Reluctant Giant: Japan and the Latin American Debt Crisis

1990 ◽  
Vol 22 (1-2) ◽  
pp. 1-30 ◽  
Author(s):  
Barbara Stallings
Keyword(s):  
United States ◽  
Latin America ◽  
Latin American ◽  
Reagan Administration ◽  
Debt Crisis ◽  
The United States ◽  
Political Life ◽  
Dominant Feature ◽  
Close Relationship ◽  
Us Hegemony

The debt crisis has been the dominant feature of Latin American economic and political life since 1982. While the Reagan Administration gave greater priority to Central America, it nevertheless managed the international response to the debt crisis. US management initially seemed logical for several reasons: US hegemony worldwide, the traditionally close relationship between the United States and Latin America, and the leading exposure of US banks in Latin American debt. During the period since 1982, however, two of these three elements have changed. Japan has challenged US hegemony, although it certainly has not displaced the United States, and Japanese banks have caught up with their US counterparts as holders of Latin American debt.2 Despite their lack of traditional relations with Latin America, then, the Japanese are becoming increasingly – although perhaps reluctantly – involved in the region.

scholarly journals Testing the white noise hypothesis in high-frequency housing returns of the United States

2020 ◽  
Vol 9 (3) ◽  
pp. 178-188
Author(s):  
Aviral Kumar Tiwari ◽  
Rangan Gupta ◽  
Juncal Cunado ◽  
Xin Sheng
Keyword(s):  
United States ◽  
White Noise ◽  
Housing Market ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
The United States ◽  
Market Returns ◽  
Subprime Mortgage ◽  
Economic Agents ◽  
Rolling Window

Utilizing a daily dataset of aggregate housing market returns of the United States, we test whether housing market returns are white noise using the blockwise wild bootstrap in a rolling-window framework. We investigate the dynamic evolution of housing market efficiency and find that the white noise hypothesis is accepted in most windows associated with non-crisis periods. However, for some periods before the burst of the housing market bubbles, and during the subprime mortgage crisis, European sovereign debt crisis and the Brexit, the white noise hypothesis is rejected, indicating that the housing market is inefficient in periods of turbulence.  Our results have important implications for economic agents.

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