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Macroeconomics and Politics

This paper examines and talks about the relationship of political institutions and the macroeconomy. It talks about the effects of electoral competition on macroeconomic policy and on the economic cycle. It also talks about the  role of different degrees of independence of the Central Bank as a determinant of monetary policy. This paper mainly shows the relationship between the government and the macroeconomic part of the economy and how they interact with each other.

 

Macroeconomics and Politics

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Impact of the pandemic on the economy

The COVID-19 pandemic has had a significant impact on the economy, not only in the United States but also worldwide. The stock market fluctuated, leaving shareholders with little to no dividends. The unemployment rate skyrocketed, and in some countries, there was over a 100% increase. In the United States, it went from 3.7% to 8.9%.  "In the United States, the proportion of people out of work hit a yearly total of 8.9%, according to the International Monetary Fund (IMF), signaling an end to a de
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Unemployment

According to the U.S. Bureau of Labor Statistics, when workers are said to be unemployed, their families lose wages, and the nation as a whole loses their contribution to the economy with goods and services that could have been produced. The unemployed workers also lose their purchasing power, which in this case, can lead to unemployment for other workers. This creates an overflow effect that cuts through the economy. Because of this, unemployment still can impact those who are still employed. U

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If anyone knows me, it should be no surprise that I consider myself the preeminent Godzilla fan. Having grown up on the Toho films, the announcement of the 2014 American remake was the excitement of the decade for me. I even placed second on Legendary Picture’s Ultimate Fan Contest (the results of which are still being contested). Yet as I grew up, admittedly I somewhat fell out of the fandom. I still watched every bit of new Godzilla content that came out, such as the Netflix anime trilogy and

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How Covid has Impacted Macroeconomics

After reading the article about how Covid-19 has impacted the world in the macroeconomic world, there are a couple interesting points. The most interesting part about the article is about how most places around the world are expected to experience negative ecomonic performance. This is due to the quarantines, travel restrictions and other factors that have happened due to the virus. According to the article, The European countries and America will experience negative growth. The country that is

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U.S. VS Global Economy

From what I have read it seems that the United States and China are at the forefront of economic recovery. Recent data from the U.S. has shown that employers added 916,000 jobs in March, which is the biggest gain since August. The managing director of the International Monetary Fund has said that while the outcome has improved overall prospects are diverging dangerously not only within nations but also across countries and regions. She believes that because of the vaccinations and stimulus check

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Inflation

With so many stimulus checks being distributed to Americans, and with the economic shutdown that we faced because of COVID-19, there seem to be many people who are concerned about inflation. This informative article explains what inflation, what the different kinds of inflation are, and it questions whether or not it is something that economists should fear. This article also breaks down some economic trends that our country has seen that relate to inflation. For example, the author gives a very

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Federal Guaranteed Jobs

Since Coronavirus has started many people have lost their jobs or have been out of work. As a result, many families and homes have struggled to provide basic living needs. A proposal for this issue was to have the government guarantee employment to those who need and want it. Previously a New Jersey Senator presented two different bills in 2018 and 2019 that would offer these services however both projects were rejected. A research study was given about the question at hand. It found that 93% of

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State Unemployment

As we know we are in a pandemic. And the results of the pandemic have been death, struggle and unemployment. We also know that unemployment is a big part of macroeconomics. In class we’ve discussed the 4 types of unemployment which include structural, frictional, cyclical and seasonal. We’ve seen all four types involved with the unemployment we see today. As I mentioned in my project due to the pandemic unemployment has gone up from nearly 3% to right now being about 6%. And many states are reac

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The US economy has been doing well. Imports from other countries are up, especially from china. Demand for goods and services this year is expected to be well beyond U.S. borders, making the United States the largest single contributor to global growth for the first time since 2005, according to Oxford Economics. This has affected many other countries in a positive way, with them seeing a growth in their economies, and creations of many new jobs. Even with Europe's economic rebound, it as of thi

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According to projections made in February of this year by the U.S. Congressional Budget Office, the U.S. economy is expected to return to its original pre-pandemic size around the middle of the year, due to most businesses adapting to the economic downturn quicker than expected. The projection, coming from a non-partisan office that specializes in regular budgeting and expense forecasts, noted the role of the $900 billion economic aid package passed back in December 2020, which provided $600 che

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President Biden has produced a plan called the Build Back Better plan to minimize the $7.5 trillion tax gap by restoring the federal government's infrastructure called the Internal Revenue Service. In efforts to mitigate the tax gap, President Biden plans to aid honest taxpayers by battle tax cheats by restoring the government's infrastructure. The I.R.S has experienced severe budget cuts and is costing taxpayers trillions of dollars. The I.R.S. budget was estimated to be cut by 20 percent. The

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Last week, a cargo ship named the Ever Given, run by a company called Evergreen, was knocked off course by excessive winds and decreased visibility, getting stuck in and blocking both incoming and outgoing traffic in the Suez Canal. The Suez Canal serves as an instrumental waterway connecting Asia and Europe, having extreme importance in the oil trade and online markets. The Ever Given is one of the world's largest container ships, with the capacity for about twenty thousand metal containers. Ne

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It has been announced that President Joe Biden will reveal a $2 trillion proposal Wednesday to build up the United States infrastructure throughout the next eight years. Biden will do this by traveling to Pittsburgh where he will be calling for millions of dollars in order to rebuild bridges, roads, and transits. He will also improve access to clean water and create more access to elder and disability care. In simpler terms, this plan will affect how we move, how we live at home, how we care for

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The global Covid-19 pandemic has lasted for more than one year. Now the most effective way to save the world is the Covid-19 vaccine. Yet, not all countries have the resources, technology, and fund to manufacture the Covid-19 vaccine. They have to trade with each other. There is growing optimism that the United States has now secured sufficient doses to vaccinate every willing American adult by the end of May. However, this optimism must be tempered by the emergence of variants of SARS-CoV-2. Th

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Brexit is hitting British businesses hard

This article covers how Brexit is crushing trade in the UK. exports have collapsed down 40 percent. Even food exports have dropped from 45 million to 7, putting many businesses out. This puts many small businesses out due to the delay in trade and now the new waters of understanding exporting. 

 

 

The UK government promised that Brexit would liberate Britain from European trading regulations and herald a bright new era for Britain on the world stage.

Yet despite spending years campaigning for the U

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On March 23, 2021, the Ever Given, a nearly quarter-mile-long container ship ran aground in the Suez Canal, one of the busiest maritime trade routes in the world. This accident has caused hundreds of commercial ships to bottleneck at each end of the canal and has further disrupted the already struggling supply chains. Companies throughout the world have been struggling to recover from shutdowns caused by the COVID-19 pandemic a year ago. These shutdowns, along with the increased consumer spendin

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Both Facebook and Google are planning on running two subsea cables between the U.S. West Coast to Singapore and Indonesia. They plan on doing this because there is a need to increase data capacity due to the growing number of smartphone users. Doing this will increase internet reliability by 70%. Facebook’s investment manager Nico Roehrich wrote recently in a blog post, “As a part of this effort, we’re proud to announce that we have partnered with leading regional and global partners to build tw

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Waller says Fed isn’t keeping rates low to run up the deficit (cnbc.com) 

Govenor of the federal reserve Christopher Waller had some opinions about the economic situation going on due to COVID-19. His goal was to make sure everyone knew that the fed was indpenendent from congress and any politics going on. The fed has cut short-term borrowing to almsot zero and continues to buy back from the treasury each month. While the fed was doing this the government had grown the debt by 4.5 trillion which

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Suez Canal Blockage

The Suez Canal is a vital trade asset that the world has used for over 50 years. Though there have been a few issues here and there, there has never been as big a snag as there have been the last two weeks. A massive trade ship has become lodged and stuck within the canal, allowing no other ships to pass through. This has caused many ships to take a much longer, more dangerous route around the tip of Africa. As of now, the ship is costing businesses around the world a massive $9.6 billion dollar

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