EconoFact

The U.S. economy has tended to grow faster than military spending, so defense spending as a share of GDP has been decreasing. https://lnkd.in/ekdtvizu

The uninsured rate has been remarkably stable since 2016 despite marked changes in policy and wide availability of heavily subsidized coverage. https://lnkd.in/dmQyGNvF

Research shows that commonly held views of supply chain integration in automobile production among the United States, Canada and Mexico understate the true depth of these linkages by a substantial extent. https://lnkd.in/de4Kw8DG

EconoFact Chats welcomes Luigi Zingales (The University of Chicago Booth School of Business) to discuss the deep economic problems that arise when people are rewarded for who they know, rather than what they know or their ability to produce and sell better goods and services. https://lnkd.in/dUWBugxn

Historically, the track record of industrial policies (targeted government interventions that aim at steering the structural transformation of the domestic economy) is mixed. https://lnkd.in/ebee5PuE

From 2000 to 2023, the US-born working-age population has shown a dramatic slowdown in growth, and eventually a decline. https://lnkd.in/gbJ8EXbN?

Economic sanctions are becoming increasingly used in foreign policy. About one third of sanctions imposed over past decades can be labelled as effective. https://lnkd.in/eTzxFWbY

Spending on programs that serve low-income families with children such as SNAP makes up a relatively small share of federal outlays and has high social returns. https://lnkd.in/e7abU-uT?

In the latest episode of EFChats, Mark Shepard (Harvard) discusses the state of health insurance in America, including how America’s healthcare system differs from other developed countries’ and the impact of the Affordable Care Act. ?https://lnkd.in/esNKgqZ5

Central banks that are insulated from political pressure make tough decisions about fighting inflation. Empirical analyses have found that countries with more independent central banks tend to have lower inflation. https://lnkd.in/eeMNPhJb?