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• Select An Expanded and Updated Analysis of the Federal Debt's Effect on Interest Rates.

  1

  An Expanded and Updated Analysis of the Federal Debt's Effect on Interest Rates.

  Authors:John Mantus and Mark J. WarshawskyFrom:AEI Paper & Studies

  20222,312 words Report 1580LThis report expands on a standard empirical estimation of the relationship between federal deficits and debt and long-term interest rates. It follows closely a 2019 long blog post by Ernie Tedeschi, which is itself an...
• Select Federal Deficits, Growing Debt, and the Economy in the Wake of COVID-19.

  2

  Federal Deficits, Growing Debt, and the Economy in the Wake of COVID-19.

  Author:Lida R. WeinstockFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20218,406 words Report 1800LThe Coronavirus Disease 2019 (COVID-19) pandemic caused a swift and deep economic downturn from which the country has yet to fully recover. In response to COVID-19, the federal government enacted expansionary fiscal...
• Select "Automatic Stimulus": HOW IT WOULD HAVE INCREASED THE RECORD UNEMPLOYMENT BENEFITS PAID DURING THE GREAT RECESSION AND PANDEMIC.

  3

  "Automatic Stimulus": HOW IT WOULD HAVE INCREASED THE RECORD UNEMPLOYMENT BENEFITS PAID DURING THE GREAT RECESSION AND PANDEMIC.

  Author:Matt WeidingerFrom:AEI Paper & Studies

  20227,328 words Article 1990LExecutive Summary The COVID-19 pandemic saw unemployment claims reach a high of over 33 million in June 2020--over two and a half times the prior record set during the Great Recession. From March 2020 until temporary...
• Select Introduction to U.S. Economy: Fiscal Policy.

  4

  Introduction to U.S. Economy: Fiscal Policy.

  Author:Lida R. WeinstockFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20221,507 words Article 1490LUpdated December 29, 2022 What Is Fiscal Policy? Fiscal policy is the means by which the government adjusts its budget balance through spending and revenue changes to influence broader economic conditions. According...
• Select Deficits, Debt, and America's Future.

  5

  Deficits, Debt, and America's Future.

  Author:Austin SmytheFrom:AEI Paper & Studies

  20223,529 words Report 1810LThe United States has the largest, strongest, and most dynamic economy in the world. The strength of the US economy has made the dollar the world's reserve currency, and the credit of the federal government is currently...
• Select The 2022 Inflation Reduction Act's Agricultural Provisions: Rent-Seeking at Its Best?

  6

  The 2022 Inflation Reduction Act's Agricultural Provisions: Rent-Seeking at Its Best?

  Authors:Barry K. Goodwin and Vincent H. SmithFrom:AEI Paper & Studies

  20222,522 words Report 1760LThe Inflation Reduction Act (IRA), which would more fittingly be described as an "income redistribution act," has been controversial in many ways, not least because its provisions are unlikely to affect the rate of...
• Select Offshore Oil and Gas: Leasing "Pause," Federal Leasing Review, and Current Issues.

  7

  Offshore Oil and Gas: Leasing "Pause," Federal Leasing Review, and Current Issues.

  Author:Laura B. ComayFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20221,778 words Article 1660LUpdated April 29, 2022 Offshore oil and gas leasing has been affected by executive branch actions pertaining to energy leasing on all federal lands. On January 27, 2021, President Joe Biden issued Executive Order...
• Select COVID-19: Household Debt During the Pandemic.

  8

  COVID-19: Household Debt During the Pandemic.

  Authors:Cheryl R. Cooper, Lida R. Weinstock, and Maura MullinsFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20219,022 words Report 2000LUpdated May 6, 2021 The COVID-19 pandemic has had a large and persistent economic impact across the United States. Fear of infection, social distancing, and stay-at-home orders prompted business closures and a severe...
• Select COVID-19 and the U.S. Economy.

  9

  COVID-19 and the U.S. Economy.

  Author:Lida R. WeinstockFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20218,456 words Report 1850LMay 11, 2021 On June 8, 2020, the National Bureau of Economic Research (NBER) announced that the United States entered into a recession in March 2020, a result of the Coronavirus Disease 2019 (COVID-19) pandemic. To...
• Select Is High Inflation a Risk in 2021?

  10

  Is High Inflation a Risk in 2021?

  Authors:Mark P. Keightley, Marc Labonte, and Lida R. WeinstockFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  2021992 words Article 1420LApril 6, 2021 Assuming public health continues to improve, many economists project rapid economic growth in 2021. The unprecedented fiscal and monetary stimulus in response to the COVID-19 pandemic is also expected to...
• Select Spending Clause Conditions and the Coronavirus State Fiscal Recovery Fund.

  11

  Spending Clause Conditions and the Coronavirus State Fiscal Recovery Fund.

  Author:Sean M. StiffFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20212,591 words Article 1460LApril 2, 2021 The American Rescue Plan Act of 2021 (ARPA) tasks the Department of the Treasury (Treasury) with disbursing to states more than $190 billion appropriated for the Coronavirus State Fiscal Recovery Fund...
• Select Fiscal Policy and Recovery from the COVID-19 Recession.

  12

  Fiscal Policy and Recovery from the COVID-19 Recession.

  Authors:Jane G. Gravelle and Donald J. MarplesFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  202112,448 words Report 1830LThe economic contraction that began in February 2020 differs from previous contractions, including the Great Depression of the 1930s and the Great Recession of 2007- 2009. It was caused in large part by concerns about...
• Select Restoring the Power of the Purse: EARMARKS AND RE-EMPOWERING LEGISLATORS TO DELIVER LOCAL BENEFITS.

  13

  Restoring the Power of the Purse: EARMARKS AND RE-EMPOWERING LEGISLATORS TO DELIVER LOCAL BENEFITS.

  Authors:Zachary Courser and Kevin R. KosarFrom:AEI Paper & Studies

  20217,001 words Article 1610LIn recent years, various senators and representatives have discussed lifting Congress' earmark moratorium. The practice of earmarking--or allowing legislators to direct federal benefits in the forms of spending, tax, or...
• Select Introduction to U.S. Economy: The Business Cycle and Growth.

  14

  Introduction to U.S. Economy: The Business Cycle and Growth.

  Author:Lida R. WeinstockFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20211,533 words Article 1420LUpdated January 4, 2021 On June 8, 2020, the National Bureau of Economic Research (NBER), an independent, nonprofit, research group, determined that economic activity in the U.S. peaked in February 2020 and that the...
• Select Introduction to U.S. Economy: Fiscal Policy.

  15

  Introduction to U.S. Economy: Fiscal Policy.

  Author:Lida R. WeinstockFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20201,531 words Article 1490LWhat Is Fiscal Policy? Fiscal policy is the means by which the government adjusts its budget balance through spending and revenue changes to influence broader economic conditions. According to mainstream economics, the...
• Select Statistical Challenges of Stress Test Financial Stability Assessments.

  16

  Statistical Challenges of Stress Test Financial Stability Assessments.

  Author:Paul H. KupiecFrom:AEI Paper & Studies

  20209,953 words Article 1690LBanking system stress tests are a key component of IMF/World Bank financial stability assessments. The focus on stress tests is predicated on prior belief that there is a strong contemporaneous correlation between bank...
• Select COVID-19 and the U.S. Economy.

  17

  COVID-19 and the U.S. Economy.

  Author:Lida R. WeinstockFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20208,318 words Report 1800LNovember 16, 2020 On June 8, 2020, the National Bureau of Economic Research (NBER) announced that the United States entered into a recession in March 2020, a result of the Coronavirus Disease 2019 (COVID19) pandemic....
• Select Lebanon's Economic Crisis.

  18

  Lebanon's Economic Crisis.

  Authors:Carla E. Humud and Rebecca M. NelsonFrom:Congressional Research Service (CRS) Reports and Issue Briefs

  20201,546 words Article 1360LOctober 6, 2020 Lebanon faces a serious economic crisis. The government defaulted on its debt in March 2020, its currency has lost 80% of its value since 2019, consumers and businesses are grappling with...
• Select Has the Paycheck Protection Program Succeeded?

  19

  Has the Paycheck Protection Program Succeeded?

  Authors:R. Glenn Hubbard and Michael R. StrainFrom:AEI Paper & Studies

  202013,935 words Article 1430LEnacted March 27, 2020, the Paycheck Protection Program (PPP) was the most ambitious and creative fiscal policy response to the Pandemic Recession in the United States. PPP offers forgivable loans--essentially grants--to...
• Select A Pandemic Grant Package for the World's Poorest Economies: Not as Costly as You Might Think, But Too Costly to Happen Anytime Soon.

  20

  A Pandemic Grant Package for the World's Poorest Economies: Not as Costly as You Might Think, But Too Costly to Happen Anytime Soon.

  Authors:Steve Kamin and Ben ClementsFrom:AEI Paper & Studies

  20203,124 words Article 1660LThe emerging-market and developing economies face a multitude of grave challenges as they confront the COVID-19 pandemic, including a critical lack of budgetary space. Observers have highlighted the need to bolster the...