scholarly journals Impact of COVID-19 on the United States Economy and the Policy Response

2020 ◽  
Author(s):  
Keyword(s):  
United States ◽  
The United States ◽  
Policy Response ◽  
United States Economy

A Paradigm of ‘Crisis’ Decision Making: The Case of Synfuels Policy

1987 ◽  
Vol 17 (1) ◽  
pp. 71-91 ◽  
Author(s):  
Mohammed E. Ahrari
Keyword(s):  
United States ◽  
Decision Making ◽  
Policy Decision ◽  
The United States ◽  
Crisis Response ◽  
Policy Option ◽  
The Self ◽  
Policy Response ◽  
New Approach ◽  
Crisis Conditions

In explaining the making and unravelling of the synfuels policy in the United States, a new approach—the ambivalent-majoritarian paradigm—is presented in this article. This paradigm fills a significant conceptual gap for the study of domestic policy formulated under crisis conditions.It is argued that the self-imposed necessity to respond to a crisis condition involving a policy decision is likely to force legislators to adopt a policy option that they would not adopt under normal conditions. The crisis response is likely to be passed by a ‘majoritarian’ crisis coalition which would also include a significant number of ‘ambivalents’, i.e., those legislators who have serious misgivings about the correctness or feasibility of the policy. In order for such a policy response to survive, it must withstand the scrutiny of ‘normal’ conditions involving that policy.

Chapter III. The World Overseas

1963 ◽  
Vol 23 ◽  
pp. 33-42
Keyword(s):  
United States ◽  
Industrial Production ◽  
World Trade ◽  
The United States ◽  
Fourth Quarter ◽  
Long Run ◽  
United States Economy ◽  
The World ◽  
Second Year

The outlook for world industrial production—and consequently in the long run for world trade-is, if anything, a little more cheerful than it was in November. The prospect is still that the rise in both will be slower than in recent years; but the risk that there might be no rise at all is much smaller than it was. First, the fears of any appreciable dip in the United States economy this year have largely evaporated. Then, for the second year running, industrial production in EEC countries, after apparently flattening off in the middle of the year, rose in the fourth quarter; this adds some confirmation to the forecast of a reasonable rise in EEC output next year.

Organization for European Economic Cooperation

1950 ◽  
Vol 4 (2) ◽  
pp. 342-346
Keyword(s):  
United States ◽  
Western Europe ◽  
The United States ◽  
Economic Cooperation ◽  
Marshall Plan ◽  
Total Production ◽  
International Investments ◽  
European Economic ◽  
Inflationary Pressure ◽  
United States Economy

In February 1950 the annual report of the Organization for European Economic Cooperation was presented to the United States Economic Cooperation Administration. The report stated that future progress of European recovery would depend to a large extent upon the level of economic activity in the United States, upon United States tariff policy; and upon international investments made by the United States. The forecasts of European trade were based on the assumption that United States business activity would remain at least as high as in the second and third quarter of 1949; it was pointed out that even small setbacks in the United States economy would have disproportionately large consequences for western Europe whose reserves were not great enough to stand much strain. The report insisted that what remained to be done to solve the dollar problem was not a task for Europe alone but was rather a “joint problem.” Western Europe's dollar deficit could not be eliminated unless its exports to the United States amounted to 75 percent of its imports in value. It was necessary that the emphasis shift from the expansion of total production to the development of dollar earning and dollar saving types of production, as well as a reduction in costs. Inflationary pressure had been greatly relieved but nearly all the Marshall Plan countries were still suffering from some inflationary pressure which tended to reduce their exports and increase their imports. This pressure was likely to continue unless a world depression developed.

The Global Recession of 2007–2009: The Moral Factor and Jewish Law

2010 ◽  
pp. 403-428
Author(s):  
Aaron Levine
Keyword(s):  
United States ◽  
The United States ◽  
Mortgage Market ◽  
Jewish Law ◽  
Subprime Mortgage ◽  
The Great Depression ◽  
Global Recession ◽  
United States Economy ◽  
Moral Factor ◽  
Home Mortgage

This article focuses on the recent global recession that raged the world and in particular the United States with special reference to Jewish law. In December 2007, the United States economy plunged into the longest and deepest downturn since the Great Depression. The driving force behind the recession was the widespread failure of the subprime mortgage market, the segment of the home mortgage market extending loans to households with impaired credit histories and with little or no documentation of income. The collapse of that sector occurred in a rapid succession of events beginning with the fall of Countrywide Financial in January 2008. This article further moves to explain the moral factor pervading the recession and analyses the situation as per Jewish law. The central relevant moral dictum of Jewish law is the Imitatio Dei principle, which says that, in our interpersonal conduct, we should emulate the various attributes of mercy.

On Characterizing Shocks to the United States Economy

1991 ◽  
Vol 24 (3) ◽  
pp. 1013-1018
Author(s):  
L.W. Taylor ◽  
R. Smith-Taylor
Keyword(s):  
United States ◽  
The United States ◽  
United States Economy

O'Connor's Sectoral Model of the United States Economy: Examining Some Political Consequences

1982 ◽  
Vol 12 (2) ◽  
pp. 227-239 ◽  
Author(s):  
Carol Nackenoff
Keyword(s):  
United States ◽  
Labour Market ◽  
Work Experience ◽  
Large Scale ◽  
The United States ◽  
Small Scale ◽  
Late Nineteenth Century ◽  
Political Consequences ◽  
United States Economy ◽  
Growth And Change

During the past fifteen years, several economists, historians and sociologists have propounded a sectoral model of economic growth and change in the United States. According to this analysis, as large-scale, monopolistic enterprises began to emerge in the late nineteenth century, different investment considerations and labour market requirements were also evolving. A dual economy was beginning to be formed. The large-scale capital sector, and the small-scale capital sector each had its own economic environment of conduct. Each sector tended, too, to develop its own corresponding labour market, with monopoly sector or ‘core’ firms holding out certain economic advantages for employees: money, job security, benefits, and opportunities for advancement within the firm. Thus, the work experience in these two sectors increasingly diverged. Even if the large-scale capital sector did offer economic advantages, growth tended to be capital-intensive, and the growth of employment in this sector slowed down, and then stopped by the end of the Second World War. Employment shifted to trades and services, with lower wage rates, and, of course, to the public sector, which currently employs nearly a third of the American workforce.

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