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U.S. Foreign Aid to the Palestinians

Description: In response to ongoing financial turmoil that began in the subprime mortgage-backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September 19, 2008. These interventions have prompted questions regarding the taxpayer costs and the sources of funding. The federal government may or may not end up seeing a positive fiscal contribution from the recent interventions. The resul… more
Date: October 15, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Partner: UNT Libraries Government Documents Department
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The Cost of Government Financial Interventions, Past and Present

Description: In response to ongoing financial turmoil that began in the subprime mortgage-backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September 19, 2008. These interventions have prompted questions regarding the taxpayer costs and the sources of funding. The federal government may or may not end up seeing a positive fiscal contribution from the recent interventions. The resul… more
Date: September 23, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Partner: UNT Libraries Government Documents Department
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H.R. 6076: Home Retention and Economic Stabilization Act of 2008

Description: The Home Retention and Economic Stabilization Act of 2008 would defer foreclosure for eligible mortgage borrowers for up to 270 days. If passed, the bill would give extra time to some borrowers and lenders to consider alternatives to foreclosure, including traditional loss mitigation and participation in the new Federal Housing Administration (FHA) program for refinancing troubled loans. Some policymakers believe that a moratorium on foreclosures could help stabilize housing markets and allevia… more
Date: August 29, 2008
Creator: Murphy, Edward Vincent
Partner: UNT Libraries Government Documents Department
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China's Economy and the Beijing Olympics

Description: China hosted the 2008 Olympic Summer Games from August 8 to 24, 2008. This report outlines the expected short- and long-term benefits to China's economy, as well as how the Games could possibly enhance China's international image. The report also explores China's current economic conditions and the relative experiences of past host cities.
Date: August 6, 2008
Creator: Martin, Michael F.
Partner: UNT Libraries Government Documents Department
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Inflation: Core vs. Headline

Description: Inflation measures the rate of change in all prices. Maintaining low and stable inflation is one of the primary goals of macroeconomic policy. But how should inflation be measured? Policymakers, particularly at the Federal Reserve, often refer to core inflation in their policy decisions. Core inflation is commonly defined as a measure of inflation that omits changes in food and energy prices. However, several studies have failed to find core inflation to be a good forecaster of future inflatio… more
Date: May 1, 2008
Creator: Labonte, Marc
Partner: UNT Libraries Government Documents Department
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Who Are the "Middle Class"?

Description: There is no consensus definition of "middle class," neither is there an official government definition. What constitutes the middle class is relative, subjective, and not easily defined. The mid-point in the distribution is the median, and in 2007 the median household income was $50,233. How far above and below that amount the middle stretches remains an open question. This report explores the various definitions of the middle class and what salary ranges those definitions encompass, as well as… more
Date: October 22, 2008
Creator: Cashell, Brian W.
Partner: UNT Libraries Government Documents Department
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The Pattern of Interest Rates: Does it Signal an Impending Recession?

Description: The cyclical behavior of the economy is of great interest to Congress, yet the onset of an economic downturn is seldom recognized promptly. Policymakers frequently search for reliable recession predictors. The behavior of interest rates may provide advanced warning of an impending downturn. The easing of monetary policy in evidence since September 2007 is consistent with efforts to forestall or minimize an economic downturn. Economic growth has been low since the last quarter of 2007, and some … more
Date: May 5, 2008
Creator: Labonte, Marc & Makinen, Gail
Partner: UNT Libraries Government Documents Department
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"Price Gouging," the Antitrust Laws, and Vertical Integration in the Petroleum Industry: How They Are Related

Description: This report, which may be updated to further reflect congressional action, attempts to provide the antitrust context for prohibited practices, such as "price gouging"; notes prior congressional action concerning vertical divestiture in the petroleum industry; and provides information on the state "divorcement" statutes.
Date: May 28, 2008
Creator: Rubin, Janice E.
Partner: UNT Libraries Government Documents Department
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Moldova: Background and U.S. Policy

Description: This report provides information and analysis on Moldova, including its political and economic situation, foreign policy, and on U.S. policy toward Moldova.
Date: September 30, 2008
Creator: Woehrel, Steven
Partner: UNT Libraries Government Documents Department
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Outsourcing and Insourcing Jobs in the U.S. Economy: An Overview of Evidence Based on Foreign Investment Data

Description: Foreign direct investment is sparking a national debate. Local communities compete for investment projects, while many of the residents of those communities fear losing their jobs to foreign outsourcing. Some opponents argue that such job losses have disproportionately negative impact on local communities. Economists generally argue that free and unimpeded international capital flows have a positive impact on both domestic and foreign economies. This report provides an overview of CRS Report RL… more
Date: May 13, 2008
Creator: Jackson, James K.
Partner: UNT Libraries Government Documents Department
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Ecuador: Political and Economic Situation and U.S. Relations

Description: Ecuador has experienced ten years of political and economic instability. On January 15, 2007, Rafael Correa, a left-leaning, U.S.-trained economics, was inaugurated to a four-year presidential term, becoming the country's eighth president in ten years. President Correa has fulfilled his campaign pledge to call a constituent assembly to reform the country's constitution. U.S. officials have expressed concerns about President Correa's ties with Hugo Chavez of Venezuela and his stated policies on … more
Date: May 21, 2008
Creator: Seelke, Clare Ribando
Partner: UNT Libraries Government Documents Department
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China's Currency: A Summary of the Economic Issues

Description: Many Members of Congress charge that China's policy of accumulating foreign reserves (especially U.S. dollars) to influence the value of its currency constitutes a form of currency manipulation intended to make its exports cheaper and imports into China more expensive than they would be under free market conditions. Although China made modest reforms to its currency policy in 2005, Members contend the forms have not gone far enough and have warned of potential legislative action. This report su… more
Date: November 20, 2008
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department
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China's Currency: A Summary of the Economic Issues

Description: Many Members of Congress charge that China's policy of accumulating foreign reserves (especially U.S. dollars) to influence the value of its currency constitutes a form of currency manipulation intended to make its exports cheaper and imports into China more expensive than they would be under free market conditions. Although China made modest reforms to its currency policy in 2005, Members contend the forms have not gone far enough and have warned of potential legislative action. This report su… more
Date: May 8, 2008
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department
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Federal Reserve Interest Rate Changes: 2001-2008

Description: The Federal Open Market Committee (FOMC) decided at its scheduled meeting held on October 29 to lower the target rate for federal funds to 1% from 1½% set at its unscheduled meeting of October 8, 2008. In making its decision to reduce the target, the FOMC stressed the following factors: (1) the pace of economic growth appears to have slowed markedly owing importantly to a softening of consumer spending; (2) business equipment spending and industrial production have weakened; (3) economic slowdo… more
Date: October 29, 2008
Creator: Labonte, Marc & Makinen, Gail E.
Partner: UNT Libraries Government Documents Department
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China's Economic Conditions

Description: Since the initiation of economic reforms in 1979, China has become one of the world's fastest-growing economies. Many economists speculate that China could become the world's largest exporter within the next few years and the largest economy within a few decades, provided that the government is able to continue and deepen economic reforms, particularly in regard to its inefficient state-owned enterprises (SOEs), the state banking system, and fixed exchange rate system. China's economy continue… more
Date: July 12, 2006
Creator: Morrison, Wayne M.
Partner: UNT Libraries Government Documents Department
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Long-Term Growth of the U.S. Economy: Significance, Determinants, and Policy

Description: The rate of long-term economic growth is the salient measure of the nation's ability to steady advance its material living standard. The pace of long-term economic growth is likely to be a center of attention in the decades just ahead, as the U.S. economy confronts the need to undertake unprecedentedly large generational transfers of income to pay for the retirement of the huge baby-boom generation as well as large transfers to the rest of the world to meet the debt service costs of the United … more
Date: May 25, 2006
Creator: Elwell, Craig K.
Partner: UNT Libraries Government Documents Department
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Trade, Trade Barriers, and Trade Deficits: Implications for U.S. Economic Welfare

Description: This report provides an overview of the economics of international trade that may be helpful for consideration of many recurring international economic policy issues. It is intended as a general explanation of mainstream economic principles that may be considered in gauging the economic significance of trade issues as well as the trade-offs inherent in many policy choices. This report provides a brief overview of the economic arguments for free trade, common arguments for trade barriers, and th… more
Date: May 22, 2006
Creator: Elwell, Craig K.
Partner: UNT Libraries Government Documents Department
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Panama: Political and Economic Conditions and U.S. Relations

Description: The Central American nation of Panama has made notable political and economic progress since the 1989 U.S. military intervention that ousted General Manuel Noriega from power. Under the current administration of President Martin Torrijos, the most significant challenges have included dealing with the funding deficits of the country's social security fund; developing plans for the expansion of the Panama Canal; and combating unemployment and poverty. The United States has close relations with Pa… more
Date: September 22, 2006
Creator: Sullivan, Mark P.
Partner: UNT Libraries Government Documents Department
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Panama: Political and Economic Conditions and U.S. Relations

Description: The country of Panama has made significant political and economic progress since the 1989 U.S. military intervention that ousted the regime of General Manuel Noriega from power. The current President, Martin Torrijos, has faced significant challenges, including dealing with the funding deficits of the country's social security fund; developing plans for the expansion of the Panama Canal; and combating unemployment and poverty. The U.S. has close relations with Panama, and both countries current… more
Date: May 24, 2006
Creator: Sullivan, Mark P.
Partner: UNT Libraries Government Documents Department
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Monetary Policy: Current Policy and Conditions

Description: Monetary policy can be defined broadly as any policy relating to the supply of money. Monetary policy can have important effects on aggregate demand and through it on real Gross Domestic Product (GDP), unemployment, real foreign exchange rates, real interest rates, the composition of output, etc., all of which are short-term effects. Over the longer run, the major effect of monetary policy is on the rate of inflation. A growing money supply is important for the subsequent growth in money spendi… more
Date: July 28, 2006
Creator: Labonte, Marc & Makinen, Gail E.
Partner: UNT Libraries Government Documents Department
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Monetary Policy: Current Policy and Conditions

Description: Monetary policy can be defined broadly as any policy relating to the supply of money. Monetary policy can have important effects on aggregate demand and through it on real Gross Domestic Product (GDP), unemployment, real foreign exchange rates, real interest rates, the composition of output, etc., all of which are short-term effects. Over the longer run, the major effect of monetary policy is on the rate of inflation. A growing money supply is important for the subsequent growth in money spendi… more
Date: August 21, 2006
Creator: Labonte, Marc & Makinen, Gail E.
Partner: UNT Libraries Government Documents Department
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Current Economic Conditions and Selected Forecasts

Description: U.S. real GDP growth has been positive for 18 consecutive quarters, and the economy is considered to be in an "expansion" phase. The rebound in payroll employment has been modest compared with past expansions. Other elements in the economic picture are promising: 1) A pick-up in output at the same time as employment is growing slowly means that productivity (or output per worker) is increasing; and 2) The inflation rate, measured by the CPI, rose 3.4% during 2005. The consensus among economists… more
Date: July 28, 2006
Creator: Makinen, Gail E.
Partner: UNT Libraries Government Documents Department
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Current Economic Conditions and Selected Forecasts

Description: U.S. real GDP growth has been positive for 18 consecutive quarters, and the economy is considered to be in an "expansion" phase. Other elements in the economic picture are promising: 1) a pick-up in output at the same time as employment is growing slowly means that productivity (or output per worker) is increasing; and 2) the inflation rate, measured by the CPI, rose 3.4$ during 2005, driven largely by rising energy prices. The consensus among economists is that GDP will grow between 3.3% and 3… more
Date: August 21, 2006
Creator: Makinen, Gail E.
Partner: UNT Libraries Government Documents Department
open access

Trade, Trade Barriers, and Trade Deficits: Implications for U.S. Economic Welfare

Description: This report provides an overview of the economics of international trade that may be helpful for consideration of many recurring international economic policy issues. It is intended as a general explanation of mainstream economic principles that may be considered in gauging the economic significance of trade issues as well as the trade-offs inherent in many policy choices. This report provides a brief interview of the economic arguments for free trade, common arguments for trade barriers, and t… more
Date: June 8, 2005
Creator: Elwell, Craig K.
Partner: UNT Libraries Government Documents Department
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