An overheating economy, high policy uncertainty, and declining consumer confidence pose recession risks of 53 percent as of April 2025. This paper employs a weighted logit model to aid policymakers in early intervention. Key indicators include consumer expenditure, yield curve, disposable income, and economic policy uncertainty, enhancing prediction accuracy in recession modeling. Continue reading
Category Archives: Politics
What will sector-specific tariffs cost?
Executive Summary Introduction Although President Trump has paused his April 2 “Liberation Day” tariffs for 90 days, he continues to threaten immanent sector-specific tariffs. The threatened sectors include pharmaceuticals, copper, lumber, semiconductors, chemicals and minerals, and energy, which combined account for roughly 20-percent of U.S. imports and include most products initially exempted from “Liberation Day” … Continue reading
A Drop in Consumer Sentiment: Economic Consequences and Policy Impacts
Executive Summary Introduction The Council of Economic Advisers (CEA) provides research and analyses to the Executive branch to inform policy directives. CEA Chair Stepehen Miran appeared on CNBC on March 25th amid economic uncertainty, stating he does not believe there is a strong relationship between consumer sentiment and consumer spending. Consumer sentiment is tracked in detail by … Continue reading
Firing The Government: Inside the Largest Federal Workforce Reduction in U.S. History
Executive Summary Introduction Since the beginning of 2025, sweeping layoffs across the federal government have resulted in the dismissal of over 30,000 employees. The primary sector of federal workers facing cuts are those in their probationary period. Civil servants remain on probation for one year after they are hired, promoted, or demoted. While on probation, … Continue reading
Rethinking Occupational Licensing: Breaking Barriers
Executive Summary Introduction Occupational licensing reform has gained traction at both state and federal levels in recent years, geared towards eradicating unnecessary barriers that restrict employment opportunities. Laws regarding licensure cover nearly one-third of the U.S. workforce, creating barriers to entry rather than a safeguard for the public interest. Although licensing raises the wages … Continue reading
Medicare Telehealth Coverage: A Surviving Policy or Permanent Feature?
Executive Summary Introduction On March 15, 2025, President Trump signed a continuing resolution (CR) passed by Congress, which extends Medicare telehealth flexibilities through the end of September. These flexibilities –originally introduced via regulatory modifications and waivers in the wake of the COVID-19 Public Health Emergency (PHE) – allow all Medicare beneficiaries the option to access … Continue reading
Impact of Retail Electricity Deregulation on Consumer Prices: A Difference-in-Difference Approach
Executive Summary Introduction Electricity has become the most fundamental commodity in the United States. Its growing influence underpins nearly every major industry. It powers homes, infrastructure, and manufacturing. Innovation and technological development for the entire economy depends on efficient and reliable energy transmission. Utilities markets in the U.S. have historically been viewed as natural monopolies. … Continue reading
How Biden Helped to Create Trump’s Unilateral Trade Policy Process
Executive Summary Introduction Throughout his time in office, President Biden was a persistent advocate of innovative executive branch tactics to restrict trade volumes and capital flows in and out of the United States. While Biden did not engage in the brinkmanship negotiation strategies President Trump has used over the past month, he did use the … Continue reading
The Social Cost of Carbon: The Politicization of a Metric
Executive Summary Introduction On January 20, 2025, President Donald Trump signed Executive Order (EO) 14154, titled “Unleashing American Energy,” which restored the process of federal land and water leasing for oil and natural gas production. The order promises these changes will encourage energy exploration while further establishing American dominance in the energy production market, decreasing … Continue reading
Hiding Medical Debt Won’t Cure the Problem
EXECUTIVE SUMMARY INTRODUCTION Effective on March 17, 2025, the Consumer Financial Protection Bureau (CFPB) will amend Regulation V, which implements provisions from the Fair Credit Reporting Act (FCRA). This rule will place a “restriction on sharing of medical information,” between patients, health care providers, and credit stakeholders. In essence, this rule will prevent the sharing … Continue reading
You must be logged in to post a comment.