Key Points The standard widely-used trade model, GTAP, has been wrong in its forecasts of every major U.S. trade agreement. CPA economists have modified the model to allow it to show more realistically the effects of trade policy on employment and the entire economy. Our modified GTAP model, GTAP-FP, finds that import restriction or policies…
Business/Technology Explainer: What is the Cloud? Key Points Big Tech has developed valuable software applications to store and manage data anywhere in the world There is a vigorous national and global debate about protecting consumer data and national security as copies of data can be kept anywhere in the world The four cloud computing companies…
The November Currency Misalignment Monitor found dollar overvaluation rising further, to reach 16.8% against the basket of 33 other currencies included in our model.
Chinese solar manufacturers could take advantage of the Inflation Reduction Act’s tax credits by opening plants in the United States.
What is the difference between an undergraduate international trade economics class and a graduate-level class? The difference is that in an undergraduate economics class they teach you that the ideal level of tariffs for any country is zero. Free trade rules! But in a graduate-level class, they teach you that tariffs can help a nation…
The October Currency Misalignment Monitor shows that dollar overvaluation rose yet again last month, reaching 15.8% against the basket of 33 other currencies included in our model.
Solar module imports so far this year are 179% up on last year.
Tariffs, i.e. import restriction, are a valuable tool for generating growth in the U.S. economy.
The U.S. dollar fell slightly in our currency model, with overvaluation declining six tenths of a percentage point to 14.6% in this month’s CMM.
Recently, we’ve seen a barrage of attacks on the pro-manufacturing policies enacted by Congress in the past two years. According to The Economist magazine, the world is supposedly in the grip of a manufacturing delusion. There is no delusion. On the contrary, it is a delusion to believe that a nation in the 21st century…
