How the US-China Trade War Affected the Rest of the World
WEBU pendin g a decades-long effort to reduce global trade barriers, China and the United States began mutually escalating tariffs on $450 billion in trade flows in 2018 and 2019. These tariff increases reduced trade between the US and China, but little is known about how trade was affected in the rest of the world. In The US-China Trade War and Global …
US Business Cycle Expansions and Contractions | NBER
WEBMar 14, 2023 · Contractions (recessions) start at the peak of a business cycle and end at the trough. Source NBER. Downloadable Excel File of Business Cycle Expansions and Contractions and .PDF version. JSON file format. FAQs and additional information on how the NBER's Business Cycle Dating Committee identifies turning points.
Unpacking the Causes of Pandemic-Era Inflation in the US
WEBThe annual inflation rate, as measured by the Consumer Price Index, was 1.7 percent in February 2021 but rose to more than 5 percent in June 2021. It continued rising for another year, peaking at about 9 percent in June 2022. The rise in the inflation rate has been attributed to many factors. The US response to the COVID-19 pandemic included a ...
National Bureau of Economic Research | NBER
WEBMore than 2,700 researchers, hailing from 40 countries, traveled to Cambridge for the 47th annual NBER Summer Institute, which was held over the three week period July 8–26. Nearly 490 additional researchers registered to participate virtually. The Summer Institute consisted of 49 distinct meetings and workshops arranged by 143 organizers.
Impacts of Right-to-Work Laws on Unionization and Wages
WEBAug 1, 2022 · The impact of right-to-work laws on wages and unionization rates is also larger for women and public-sector workers, two groups that are overrepresented in highly unionized industries. The researchers complement these results with a second approach based on the differential effects of right-to-work laws on the highly unionized industries.
WEBexperienced an average decrease of 11.5 hours of work per week and a 21% decrease in weekly earnings, arnings for 52% of the sample, which again re ects s. variation in the e ects of COVID-19 across students. In terms of labor market expectations, on average, students foresee a 13 percentage points decrease in.
The Benefits of Rehabilitative Incarceration | NBER
WEBApr 6, 2020 · Figure 2. In Norway, the average time spent in prison is a little over six months, which is similar to most other Western European countries. This contrasts with average US prison time of almost three years, which is in large part the reason the United States is an outlier in its incarceration rate compared with the rest of the world [Figure 1].
Business Cycle Dating Procedure: Frequently Asked Questions
WEBAug 15, 2022 · A: The NBER’s Business Cycle Dating Committee maintains a chronology of US business cycles. The chronology identifies the dates of peak and trough months in economic activity. The peak is the month in which a variety of economic indicators reach their highest level, followed by a significant decline in economic activity.
The Economic Impact of Climate Change over Time and Space
WEBJan 5, 2022 · By Klaus Desmet and Esteban Rossi-Hansberg. Climate change is an unintended consequence of the industrialization of the world economy. The evidence that human activity has released large amounts of CO2 into the atmosphere, leading to rising global temperatures, is by now uncontroversial. However, so far, the scientific and …
Long-Run Trends and the Natural Rate of Unemployment
WEBJun 30, 2021 · In the aftermath of the Great Recession, the natural rate of unemployment gradually declines roughly in line with its secular trend. The natural rate toward the end of 2018 was 3.8 percent, with a confidence interval between 3.4 and 4.5 percent, consistent with the unemployment gap being around zero before the pandemic.