By Amanda Mayoral Summary Americans are working harder and waiting longer to buy homes The cost of a home is 6 times median household income today, versus 3.2 times in 1967 The disparity between house prices and median incomes was exacerbated by the COVID pandemic which drove a 37% increase in house prices…
Greater import dependence makes countries more vulnerable to price shocks.
By Jeff Ferry and Amanda Mayoral Broad-based tariffs including tariffs on manufactured imports would boost U.S. economy by 6% and create 7.5 million jobs. Real household incomes rise by 8%. Tariffs reduce imports and stimulate domestic manufacturing output by 18%. Tariffs would generate $556 billion in new revenue, enabling cuts in income tax or…
By Jeff Ferry and Amanda Mayoral Can tariffs can be effective at raising domestic output and income? We introduce real-world factor supply elasticities to the standard Global Trade and Analysis Project (GTAP) and find that real GDP can grow by nearly 6% and domestic manufacturing by 18%. The increase in GDP leads to…
U.S. market share in the solar industry has increased since solar tariffs were enacted.
By Amanda Mayoral The U.S. is lagging behind China and the European Union in production of lithium-ion batteries for electric vehicles. Forecasts show the U.S. will fall further behind China by 2025 and remain dependent on imports for more than half of its EV battery needs. This CPA Policy Paper by CPA Economist Amanda…
CPA’s Job Quality Index reveals that Black Americans and Hispanic Americans suffer from far worse job quality than the total workforce, as measured by the weekly wages of all U.S. production and nonsupervisory employees. These disparities are due to the decline of high quality jobs such as those in the manufacturing sector and the rise…
