scholarly journals COVID-19 Economic Policy Effects on Consumer Spending and Foot Traffic in the U.S.

Author(s):  
Zhiqing Yang ◽  
Youngjun Choe ◽  
Matthew Martell
2013 ◽  
pp. 129-143
Author(s):  
V. Klinov

How to provide for full employment and equitable distribution of incomes and wealth are the keenest issues of the U.S. society. The Democratic and the Republican Parties have elaborated opposing views on economic policy, though both parties are certain that the problems may be resolved through the reform of the federal tax and budget systems. Globalization demands to increase incentives for labor and enterprise activity and for savings to secure proper investment rate. Tax rates for labor and enterprise incomes are to be low, but tax rates for consumption, real estate and land should be progressive.


1989 ◽  
Vol 130 ◽  
pp. 3-6

The new Chancellor, John Major, has taken office at a difficult time for the conduct of economic policy. The boom of the late 1980s has spent its force, but as yet there is no sign of the improvement in the balance of payments, or the reduction in inflation one might expect as a consequence.In our main forecasts we show output growth in 1990 of just over 1½ per cent, less than 1 per cent excluding North Sea oil production. Consumer spending, which gave the main impetus to the early stages of the boom, will hardly rise next year and stock building is expected to turn negative. Fixed investment is unlikely to contribute much to the growth of demand year-on-year. The fall in the exchange rate during this year will help to sustain export growth next year, although world markets will not be as buoyant as they have been in 1989.


Author(s):  
Jeffrey Severs

This chapter demonstrates the deep importance of Wallace’s collegiate study of U.S. economic policy, especially in the Great Depression, to his early short stories. What if, I ask, we locate Wallace’s “origins” not in the post-World War II moment or 1960s ironic postmodernism, but instead in the crash of 1929, a less predictable moment of cultural crisis in which he took a quieter but subsuming interest? Key elements that emerge in this chapter are the U.S. Treasury (surreally portrayed as the issuer of a post-gold-standard currency – and post-metaphysical meaning – in the uncollected gem “Crash of 69”) and, in “Westward,” the governmental remedies of social insurance and economic reconstruction in the New Deal. While attending more briefly to other stories in Girl With Curious Hair, this chapter also provides sustained readings of Dust-Bowl metaphysics in “John Billy” and Johnson’s Great Society in “Lyndon.”


2022 ◽  
Vol 15 (1) ◽  
pp. 28
Author(s):  
Thomas Chinan Chiang

This paper examines the impact of changes in economic policy uncertainty (EPU) and COVID-19 shock on stock returns. Tests of 16 global stock market indices, using monthly data from January 1990 to August 2021, suggest a negative relation between the stock return and a country’s EPU. Evidence suggests that a rise in the U.S. EPU causes not only a decline in a country’s stock return, but also a negative spillover effect on the global market; however, we cannot find a comparable negative effect from global EPU to U.S. stocks. Evidence suggests that the COVID-19 pandemic has a negative impact that significantly affects stock return worldwide. This study also finds an indirect COVID-19 impact that runs through a change in domestic EPU and, in turn, affects stock return. Evidence shows significant COVID-19 effects that change relative stock returns between the U.S. and global markets, creating a decoupling phenomenon.


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