# Questions tagged [united-states]

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### Does the sudden spike in the US jobless claim pose systemic risk to the US unemployment insurance system?

There has been an unprecedented short-term increase in US unemployment owing to the Covid-19 crisis. Initial jobless claims soared to a seasonally adjusted 3.28 million in the week ended March 21, ...
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### Are there any surveys of economists on the determinants of healthcare price increases in the US, particularly over several decades?

It was asked recently on politics SE what drove healthcare (actually healthcare insurance) prices in the US to rise faster than the CPI. Neither of the top two answers resorted any actual econometric ...
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### What would happen to US economy before US government lose control over its national debt?

From this wiki page we can clearly see that US national debt is growing steadily after 2010 and now it's larger than US GDP already (at the end of 2019). Still it's commonly believed the debt is ...
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### What caused the equity of finance companies to grow so much in 1994

I recently saw this video and noticed something interesting. In a ranking of Top 15 US Companies by Shareholders' Equity in 1993, the only Financials company in the ranking was Berkshire Hathaway in ...
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### Can we know what mainly caused the latest US manufacturing slump?

Reuters says (Oct 1, 2019): U.S. manufacturing activity tumbled to a more than 10-year low in September as lingering trade tensions weighed on exports, further heightening financial market fears of ...
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### Why would QE tapering depreciate a foreign, volatile currency?

I'm busy reading the overview in The Oxford Companion to the Economics of South Africa (written in 2014), and on page 11 it says The rand is expected to remain volatile and face depreciation risk ...
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### How long did it take before the Hawley–Smoot Tariffs reached their peak effect on US growth?

I understand that this may still be a contentious issue, but are there some estimates how long it took before the Hawley–Smoot Tariffs impacted US growth significantly and/or how long it took for them ...
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### Are there import taxes between US states?

In the USA, are there import taxes (or equivalent) between states? Or is it in effect a customs union?
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### In April 2019 our economy created 263000 new jobs, however, total employment went down from March to April by103000 jobs. Why this difference?

https://tradingeconomics.com/united-states/employed-persons This link shows that total employment declined from March to April even though we added 263000 new jobs. Can someone explain why?
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### GDP Growth QoQ vs YoY: Why do the figures not match?

According to statista.com, US Q4 GDP growth rate was 2.6% over the economy in Q3. However, why is the annualized growth rate for the US therefore not be a sum of all 4 quarters if their definition of ...
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### Does the Federal Reserve have bank accounts for banks?

Banks are constantly transferring electronic dollars to each other. There must be an entity that tracks how many digital dollars each bank has. Does the Federal Reserve have "accounts" for banks? In ...
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### Car prices haven't changed in 20 years, no inflation?

I notice that there seems to be little or no change in car prices over the last 20 years and they seem to be unaffected by inflation. For example, a Toyota Camry sold for about \$23,000 +/- \$2,000 (...
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### Why does the retiree to contributor ratio matter when discussing the solvency of Social Security?

Whenever the topic of Social Security solvency comes up, the consensus is that benefits for future generations have to be cut, mainly because of two reasons: People are living longer. There are more ...
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### Is the world economy highly-dependent on the United States of America?

How dependent is the economy of the world on the United States? Can US policies have disastrous impacts on other superpowers in the world such as Germany? For example, take into account countries ...
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### How is currency depreciation related to import tariffs?

In the news today they were talking about how the US is "threatening to increase proposed tariffs on Chinese imports from 10 percent to 25 percent." One of the reasons they gave for this was that ...
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### With whom does the US have the largest deficit using the trade in value-added (TiVA) methodology?

The US has the largest gross trade deficit with China. But some economists have argued that this is misleading, e.g. using the iPhone as an example in which most parts don't orginate in China. There'...
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### What are the advantages and disadvantages to a country's people when the national currency is the world's reserve currency? [duplicate]

Today, the world's reserve currency is USD. At the start of the 20th century, the reserve currency was the British Pound GBP. Using U.S as an example to narrow the scope, what are the advantages and ...
120 views

### What accounts for the high GDP of the United States?

Wikipedia defines GDP as: Measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time. So, I take it that the total value of all goods (and ...
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### Real wage stagnation and union membership

In the United States, wages in real terms have seen very little change over approximately five decades: (source: http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-...
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### Analzying K-12 Education: Cost vs. Expenditure?

I have heard constant complaints, particularly from teachers, that (United States) schools are underfunded, and that budget cuts only stand to exacerbate this problem. My own high school couldn't ...
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### How does one asses the impact of a proposed policy?

My State government is considering a new regulatory policy at the moment. We need to put together an assessment of the (likely) economic impacts of the policy. How do we do that? I don't work for ...
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### How does keeping the value of the dollar by foreign US bondholders makes their exports more affordable?

How does this work? In February 2018, China owned \$1.18 trillion of U.S. debt. It's the largest foreign holder of U.S. Treasury securities. The second largest holder is Japan at \$1.06 ...
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### Is there objective evidence that the US economy is “booming”?

I realize that it's the political pundits that are saying it, but they never seem to provide evidence that the economy is "booming". The dictionary definition of "booming" is having a period of ...
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### How did the Joint Committee on Taxation calculate the distribution of individual income tax rate increases for the Tax Cuts and Jobs Act of 2017

According to the Joint Committee on Taxation's JCX-68-17 Distributional Effects Of The Conference Agreement For H.R.1, The "Tax Cuts And Jobs Act", there will be a significant increase in income tax ...
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### Where to find the face value in a US treasury bond announcement

I am learning about the auction and bidding process of US 30 year treasury bonds. I am unable to locate the face (par) value of the bonds in official announcements (PDFs). For reference, here is a ...
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### The Fed pays 1.50% interest on reserves; so why are interest rates so low?

Since 14th Dec 2017, the Federal Reserve Bank has paid 1.50% interest on excess reserves. So why do depositors' interest rates still remain so low? According to BankRate, across the US, the ...
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### U.S. stock market 2/5/18

Why did American share prices fall sharply on February 5, 2018? What are the major contributing factors to this?
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### How many US Dollars are lost or destroyed annually?

Are there any estimates on how many US Dollars are lost or destroyed annually? By "lost or destroyed", I mean permanently removed from circulation because the currency is no longer usable For ...
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### Mathematically optimal age to begin drawing Social Security retirement benefits as a function of expected life span?

So, for most of us Americans, our official retirement age is 66 and we get 100% of our retirement benefits. If we delay retirement, that benefit increases by 8% each year (up to age 70) and if we ...
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### Does Fannie Mae get money from the FED

Does Fannie Mae directly or indirectly get money that is printed from the federal reserve to buy mortgages, or have they ever? If so, when has this happened? How much money? What is the process by ...
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### Effect of today's decision in the US to no longer mandate contraception coverage

Today the Trump administration in the USA announced they are removing the mandate that company provided health insurance include free contraception coverage. My understanding is that providing ...
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### Why are readily available productivity data relative, not absolute?

I've been trying to do some cursory research on labor productivity. In the process, I've noticed that the readily available data in the US, as accessed through either BLS or FRED (yes, I know it's the ...
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### Today's value of the Louisiana Purchase?

A video I watched claimed (at 6:50) that while only \$0.25B had been paid for the Louisiana Purchase, the current value was \$1200B (all in 2017 dollars). I couldn't find any references, but assuming ...
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### Why are Massachusetts electricity costs so high?

Massachusetts has the third highest electricity cost in the US (after Hawaii and Connecticut). Why is this?
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### Why was there a sudden rise in trade-weighted US dollar value in 2014-2015?

I was trawling the web and happened upon this graph: https://fred.stlouisfed.org/series/DTWEXM . The value of the trade-weighted US dollar was going steady until 2014-2015, rose rapidly, then it sort ...
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### Financing U.S. government budget deficits, and their impact on interest rates

I have two questions. The first is about how exactly the U.S. government finances a budget deficit. The second is about the effects of budget deficits on financial markets and interest rates. Q1. We ...
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### In what way is the labor participation rate useful for tracking unemployment?

I'm trying to do some research on unemployment and labor participation rate in the US to figure out what people are talking about. For instance, the Civilian Labor Force Participation Rate for Sept ...
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### The United States' position on the Laffer Curve

According to a 2012 IGM panel (cf. reference below), most experts believe that a federal income tax cut would lead to a higher GDP in five years, ceteris paribus. Is this effect purely Keynesian, and ...
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### U.S. Bureau of Economic Analysis, when was that created?

I thought that GDP in the United States was computed by the Bureau of Labor Statistics, but I find that now it is made by the "U.S. Bureau of Economic Analysis" which I never heard of. For how long ...