Questions tagged [usa]

Economic questions related to the United States of America, a large country located in North America.

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Evaluating the impact of US federal grants

There are a number of challenges with evaluating the impact/effectiveness of federal grants in the U.S. In particular, it's easy to obtain a (somewhat comprehensive) record of transactions between ...
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2answers
26 views

How do I calculate the services sector as a percentage of GDP?

Could anyone explain how I should calculate the share of services sector as a percentage of GDP? I get the numbers for US GDP from Table 3: https://www.bea.gov/system/files/2019-10/gdp3q19_adv_0.pdf ...
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1answer
15 views

Implications for currencies pegged to USD of Chinese devaluation? [closed]

I get the general implications that exist for both US-Chinese exports/imports. However, considering that some currencies are pegged to the USD, would there be any effect and if so what? Thanks
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1answer
72 views

Why does the inverted yield curve occur with US Treasury securities?

I have always thought that US securities were considered nearly risk free as the government will almost always pay them back. So why is it the case that investors currently view short term securities ...
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2answers
57 views

Why does a weaker currency make sovereign debt cheaper?

Investopedia tells me that a weaker currency will reduce sovereign debt burdens. It is quoted as saying 'a weaker currency makes [these] payments effectively less expensive over time.' However, I ...
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1answer
70 views

Chinese tarriffs (pre-tradewar)

I am trying to understand to what degree tariffs (or other restrictions like quotas) were the cause of the trade imbalances between the US and China. One might imagine that it was simply a matter of ...
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0answers
14 views

China approval for US company acquisition

Why does China has to give approval to two US companies merging together? There have been quite a few examples in the last time, as UTC & Rockwell Collins as well as Qualcomm acquiring NXP ...
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2answers
42 views

Why is the ten year interest rate lower for Spain/UK bonds than for US?

Take a look at the government bonds interest rates, https://www.marketwatch.com/. For the US is 2.9, and for Spain and UK are 1.5 and 1.1 respectively. Spain is an economy with high unemployment, a ...
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1answer
87 views

World economy and world trade

What is the difference between the world economy and world trade? I have read in one book saying "US share in the world economy is 28% and in the world trade is 15%" (2008 edition though). Please ...
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28 views

Will there be any significant impact if oil was priced/traded in another currency other than USD?

There is an abundance of conspiracy theories online that the USD is propped up in part by the fact that oil is traded in USD, and that countries which think about allowing trades in a different ...
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1answer
119 views

Is it true that the U.S has to run a chronic trade deficit with the rest of the world as a price to pay for being the world's reserve currency?

I have heard of the argument that in order for USD to be reserve currecy, the rest of the world must own enough USD to store it as reserves. In order for the rest of the world to own enough USD, U.S ...
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1answer
90 views

Do Chinese tariffs on American goods make them more expensive to American consumers?

This CNN article seems to imply that Chinese tariffs on American goods will make them more expensive to American consumers. Is this true? I did think that tariffs by your own country on imported ...
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1answer
43 views

Are US-branded products manufactured in China considered Chinese?

Many US-branded products like Apple's are manufactured in China. Are these products considered Chinese when they are imported back to US? And are they thus subject to tariffs?
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1answer
87 views

Choosing Data for CES Production Function

So I am currently trying to write a paper estimating the Constant Elasticity of Substitution Production Function of the USA. I am using the simple version with two inputs capital and labour. Since the ...
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2answers
167 views

Why there are no famous software/IT companies in Europe? (unlike USA)

Both USA and Europe have highly developed economies with famous car, aircraft, food, oil etc. companies. However, when it comes to IT - USA has Google, Facebook, Amazon, Dell, Cisco, Microsoft, Red ...
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1answer
95 views

Why are Canadian provinces' debt-to-GDP so much higher than the US?

By the current account, the highest debt-to-GDP state in the US is NY, which is around 23%, with most states around 18%. By comparison, Canadian provinces tend to have much higher ratio, with Ontario ...
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2answers
956 views

USA seigniorage revenue

I came to know about the term seigniorage meaning the difference between the value of money and the cost to produce it. I also read somewhere that many countries use seigniorage as a means of revenue ...
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2answers
529 views

Are American poverty rates increasing? What about global poverty rates

http://www.npc.umich.edu/poverty/ https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-poverty-people.html I have heard numerous times that the future has gotten better. ...
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0answers
38 views

Is the American economy on the same path when it had a massive crash in 2007? Is there another bubble coming

I guess I should not be asking for technical answers, because I've learned economists are not to predict things like this. Yet from current data, and this article that reviewed said data: http://www....
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1answer
153 views

Effects of ACA individual mandate vs AHCA surcharge

The US Congress is currently considering a new healthcare bill, the AHCA, which would replace the existing healthcare bill, the ACA. One of the major changes is the way each bill encourages people to ...
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2answers
66 views

Recent estimates of CPI bias?

The Dec 1996 Boskin report (May 1997 AER summary) concluded that the change in the Consumer Price Index (CPI) overstates the change in the cost of living by about 1.1 percentage points per year (...
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0answers
56 views

Why is United States Gross Capital Formation per capita so far ahead of the big 3 European economies?

So, I was pondering the weakness of the UK economy (I am British) and its lagging productivity performance. I was thinking that capital deployed per worker would be an explanatory variable. ...
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45 views

Understanding the complex relationship between macro and micro economic factor: Job shift

As the world knows plenty of manufacturing jobs shifted from various countries to China. This macroeconomic trend of consolidating manufacturing jobs in China has been going on for past 30 years. ...
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3answers
127 views

Why can't we forgive USA's debt? [closed]

According to this article USA owns $19 trillion-plus dollars. So it seems USA owns $12 trillion to its own people. Why can't we just forgive it and remove this debt? People will not get this money ...
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2answers
49 views

Recommended reading to understand American economic history

In India Unbound, the author goes over India's economic history, right from independence to present day. I am interested in a similar reading for the United States, specifically conditions in the 20th ...
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1answer
108 views

How will the economic effects of Brexit impact a middle-class American family?

On the news it was stated that the UK leaving the EU has already caused trillions of dollars of loss to the world economy. While the newscaster made it sound very serious, I don't have any ...
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2answers
761 views

Why is LIFO allowed in accounting?

I was reading about inventory valuation and of course there is first-in - first-out, last-in - first-out and weighted average. I realized at some point that LIFO would cause the highest Cost Of Goods ...
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2answers
4k views

Is the Occupy Wall Street famous 1% stable?

Occupy Wall Street has a famous slogan "we are the 99%", refering to the "fact" that 1% of the people in the US take nearly the quarter of the national income. However, this does not seem to consider ...
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1answer
882 views

Does a strong US Dollar hurt American Manufacturing?

I am reading this article about the strengthening of the US Dollar when I came across this paragraph: "But there are reasons to be cautious. A strong dollar will squeeze American manufacturers, ...
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1answer
106 views

Why doesn't the ECB implement the same fiscal and monetary policy that the FED used to save the US economy?

If the Fed managed to save the US economy with their liberal expansionary policy, why doesn't the ECB follow suit if it is much more efficient in reducing unemployment etc? Also, why did ...
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2answers
106 views

What is preventing the United States from printing USD to buy up prized assets from foreign countries given that USD is the world's reserve currency?

USD is accepted all over the world. U.S can easily print USD to buy up the most valuable assets from all over the world. Ethics aside. What is preventing the U.S from doing so? What did I miss out?
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1answer
835 views

Series 2013 US dollar bills [closed]

it's 2015 now but still, I can't find any USD bills of 2013 series. All my bills are 2009 series (not even 2009A series). I'm looking for 100 dollar denomination. what's the latest series for USD ...
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664 views

Why did the Federal Reserve change the data about USA GDP?

This is the data published on 20 March 2013 FOMC meeting: (http://www.federalreserve.gov/monetarypolicy/fomcprojtabl20130320.htm) 20 March 2013, Change in real GDP (actual): ...
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1answer
53 views

Data: Trade imbalance at the County level in the US

I am looking for some source of data on trade imbalance at a county level in the US, preferably for years 1990-2007. Does anyone know if such data can be publicly available? Or any paper that have ...
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1answer
92 views

Why consider non-farm payrolls?

Why does the US consider non-farm payrolls when looking at employment levels? What are the reasons for not including farms? Are the workers too transitive, does it not contribute in a certain way to ...
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1answer
451 views

How much influence does the president really have on US economy?

We hear a lot about how the economy changed under a certain president, but how much does the incumbent actually affect the economy? Are the fluctuations we see in economic growth due to natural market ...
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1answer
484 views

How does US (its economy, banks, industry) profit from dollar being the “standard currency”?

How does US (its economy, banks, industry, "finance industry") profit from dollar being the "standard currency"? I am not seeking "ideological" explanations, but explanations of the mechanisms ...
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1answer
46 views

What is the mix of maturities of outstanding US Treasury bonds called?

What is the technical term for the mix of maturities of outstanding US Treasury bonds? Also, is there an "official" source for this information? I tried searching to find out, but not knowing what ...
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2answers
556 views

Why do wars increase the public debts?

This should be a very simple question for most of you, but I can't seem to get an answer so I decided to ask the question here. So please be as simple as possible and excuse my ignorance. This is a ...
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1answer
75 views

Was factory beef farming (in the USA) the result of government-subsidized corn?

In The Omnivore's Dilemma, Michael Pollan writes that industrial beef farming, in the form of concentrated animal feeding operations (CAFOs), is dependent on low corn prices for its cost-effectiveness....
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1answer
52 views

What's the point of adding security features to new bill designs?

What's the point of creating new bills with more security measures to prevent counterfeiting? (For example in the USA the new $100 bills have more security features). If the old bills are still ...
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1answer
272 views

Usage of natural gas in 1970 (where was the demand elasticity?)

The following historical graph of US Marketable Natural Gas volume has me puzzled: How was the gas used in 1970 (a peak production period), given that we would seem to be using a lot more gas now? ...