Main Street Views

Implementation Delays in Pension Retrenchment Reforms

Topics: International | Macroeconomics

Implementation Delays in Pension Retrenchment Reforms

Huixin Bi, Kevin Hunt, and Susan Zubairy

July 02, 2019 | On average, pension retrenchment reforms are phased in over a decade, but age-related forms can take much longer to implement. | READ MORE

July 02, 2019

Measuring Exports by When the Lights Go On

Topics: Indicators and Data | International | Macroeconomics

Forecasting Current-Quarter U.S. Exports Using Satellite Data

Jun Nie and Amy Oksol

April 17, 2018 | Incorporating nighttime lights data from satellites improves forecasts of U.S. exports. | READ MORE

April 17, 2018

Energy export boom may be a boom to trade deficit

Topics: Energy | International | Macroeconomics

What Could Resurging U.S. Energy Production Mean for the U.S. Trade Deficit?

Nida Cakir Melek and Jun Nie

March 07, 2018 | Resurging energy production and booming energy exports could help reduce the U.S. trade deficit by 5 percent by the end of 2018. | READ MORE

March 07, 2018

The Labor Market Effects of Offshoring by U.S. Multinational Firms: Evidence from Changes in Global Tax Policies

Topics: International | Labor Market

The Labor Market Effects of Offshoring by U.S. Multinational Firms: Evidence from Changes in Global Tax Policies

Nicholas Sly, Brian K. Kovak, and Lindsay Oldenski

November 03, 2017 | Changes in global tax policy that lower the effective tax rate on foreign income raise employment at U.S. multinational firms. | READ MORE

November 03, 2017

A new framework for fiscal sustainability

Topics: International | Macroeconomics

Fiscal Sustainability: A Cross-Country Analysis

Huixin Bi

October 12, 2017 | A new country-specific framework quantifies the maximum level of debt a government can sustain given its economic and policy environment. | READ MORE

October 12, 2017

Resource Booms and the Macroeconomy: The Case of U.S. Shale Oil

Topics: Energy | International | Macroeconomics

Resource Booms and the Macroeconomy: The Case of U.S. Shale Oil

Nida Cakir Melek, Michael Plante, and Mine K. Yucel

September 22, 2017 | The U.S. shale oil boom had sizable effects not only on upstream and downstream energy sectors but also on GDP and trade flows. However, the crude oil export ban created large distortions in the energy sector. | READ MORE

September 22, 2017

A fork in the road for Chinese growth

Topics: International | Indicators and Data

Has China’s Growth Reached a Turning Point?

Jun Nie and Yandong Jia

August 30, 2017 | A new measure of Chinese economic activity shows its momentum increased in the first half of the year; however, this momentum may not be sustainable. | READ MORE

August 30, 2017

Dollar’s Headwinds to Inflation Subsiding

Topics: Inflation | International

Subsiding Headwinds from the Strong Dollar: Evidence from Producer Prices along the Supply Chain

George A. Kahn and Nicholas Sly

July 13, 2017 | The foreign exchange value of the U.S. dollar has stabilized, and producer prices are rising, especially at early stages of the supply chain. | READ MORE

July 13, 2017

Oil Exports in the Shifting Energy Landscape

Topics: Energy | International

Lifting the U.S. Crude Oil Export Ban: Prospects for Increasing Oil Market Efficiency

Nida Cakir Melek and Elena Ojeda

June 28, 2017 | Repealing the U.S. ban on crude oil exports led to increased trade and efficiency in the oil market. | READ MORE

June 28, 2017

Rising Tide

Topics: Inflation | International

How Does a Rise in International Shipping Costs Affect U.S. Inflation?

Nicholas Sly, A. Lee Smith, Elizabeth Johnson, and Trenton Herriford

December 01, 2016 | Increased costs for ocean shipping have led to a modest boost in core inflation after one year. | READ MORE

December 01, 2016