A macro-economic analysis of the effect of offshoring and rehiring on the US economy

2009 ◽  
Vol 33 (1) ◽  
pp. 94-111 ◽  
Author(s):  
Janos Gertler
Keyword(s):  
Economic Analysis ◽  
Us Economy ◽  
The Us

Dovish Fed tests dollar bulls

2015 ◽  
Keyword(s):  
Economic Analysis ◽  
Euro Area ◽  
Export Growth ◽  
Fourth Quarter ◽  
Policy Statement ◽  
Data Dependency ◽  
Content Type ◽  
Us Economy ◽  
The Us ◽  
Growth Prospects

Significance However, the rally in the US currency was reversed by Federal Reserve's dovish policy statement on March 18. It sputtered further with the Bureau of Economic Analysis (BEA)'s March 27 confirmation that the US economy slowed in the fourth quarter of 2014, raising questions of whether the dollar rally has stalled. Impacts The Fed's shift to data dependency has caused the dollar to weaken 2.3% against the euro since mid-March. The dollar's strength is weighing on US export growth prospects, while markets are turning bullish on the euro-area. The long-dollar trade is becoming overcrowded and the dollar could be overvalued. Recent sterling depreciation is due to a more dovish BOE and the uncertainty related to the upcoming election.

Military Subsidization of Human Capital and Gender Stratification in the US Economy

2021 ◽  
pp. 048661342098262
Author(s):  
Tyler Saxon
Keyword(s):  
Human Capital ◽  
The United States ◽  
Jel Classification ◽  
Access To Higher Education ◽  
Gender Stratification ◽  
Us Economy ◽  
The Us ◽  
And Gender ◽  
Capital Development ◽  
The Military

In the United States, the military is the primary channel through which many are able to obtain supports traditionally provided by the welfare state, such as access to higher education, job training, employment, health care, and so on. However, due to the nature of the military as a highly gendered institution, these social welfare functions are not as accessible for women as they are for men. This amounts to a highly gender-biased state spending pattern that subsidizes substantially more human capital development for men than for women, effectively reinforcing women’s subordinate status in the US economy. JEL classification: B54, B52, Z13

Optimal Taxation of Families: Mirrlees meets Becker*

2021 ◽  
Author(s):  
Musab Kurnaz
Keyword(s):  
Quantitative Analysis ◽  
Income Distribution ◽  
Income Tax ◽  
Optimal Taxation ◽  
Tax Credits ◽  
Child Rearing ◽  
Welfare Gains ◽  
Us Economy ◽  
Parental Time ◽  
The Us

Abstract This paper studies optimal taxation of families—a combination of an income tax schedule and child tax credits. Child-rearing requires both goods and parental time, which distinctly impact the design of optimal child tax credits. In the quantitative analysis, I calibrate my model to the US economy and show that the optimal child tax credits are U-shaped in income and are decreasing in family size. In particular, the optimal credits decrease in the first nine deciles of the income distribution and then increase thereafter. Implementing the optimum yields large welfare gains.

Rethinking U.S. National Security after Covid19

2020 ◽  
Vol 26 (3) ◽  
Author(s):  
Linda J. Bilmes
Keyword(s):  
Climate Change ◽  
United States ◽  
National Security ◽  
The United States ◽  
Emerging Diseases ◽  
Defense Spending ◽  
Federal Spending ◽  
Us Economy ◽  
The Us ◽  
The Military

AbstractThe United States has traditionally defined national security in the context of military threats and addressed them through military spending. This article considers whether the United States will rethink this mindset following the disruption of the Covid19 pandemic, during which a non-military actor has inflicted widespread harm. The author argues that the US will not redefine national security explicitly due to the importance of the military in the US economy and the bipartisan trend toward growing the military budget since 2001. However, the pandemic has opened the floodgates with respect to federal spending. This shift will enable the next administration to allocate greater resources to non-military threats such as climate change and emerging diseases, even as it continues to increase defense spending to address traditionally defined military threats such as hypersonics and cyberterrorism.

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