Currency Misalignment Monitor, December 2023
The December Currency Misalignment Monitor found dollar overvaluation edging up once again, to 17.4% against the basket of 33 other currencies included in our model.
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CPA Improves Leading Trade Model to Reflect Real-World Effects of Trade
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…
Job Quality Index Declines in September, Manufacturing Employment Down Temporarily Due to Auto Strikes
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for September declined by 0.66% in September to 84.37. After a strong reading in August, the JQI continued its downward trend in the second half of the year. Interest rate hikes by the Fed appear to be softening…
Big Tech in the Cloud: Legislators in a Fog
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…
CPA Model Shows Manufacturing Tax Credits Boost U.S. Economy by 6.3%, Create 11 Million Jobs
Key Points The CPA Pro-Growth Model provides superior analysis of the impact of changes in trade and industrial policies and their impact on the U.S. economy. Tax credits for all U.S. manufacturing sectors would stimulate the economy, create 11.2 million new jobs, and increase real household income by 9.1%. Real GDP would grow by 6.3%.…
Currency Misalignment Monitor, November 2023
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.
What are the Best Tariffs for the U.S.? Economists Say: From 14% to 60%
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…
Job Quality Index Increases in August, Manufacturing Employment Grows to Highest Level in 15 Years
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for August was 85.09, up 0.09% from July. After a few months of slowing job growth and a slight decrease in the JQI, the most recent month shows strong job growth in the economy and among goods-producing sectors.…
Currency Misalignment Monitor, October 2023
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.
Removing China’s MFN Status Would Create 2 Million Jobs, Grow U.S. Economy by 1.75%
Key Points We find that further decoupling from China would grow the U.S. economy and result in higher incomes and more jobs for Americans and the rebuilding of many critical manufacturing sectors. The removal of MFN (most favored nation) status for China would increase the tariff rate on imports from China from the current Column…