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Contemporary Economics and Policy Issues in the U.S

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  • Richard Cebula

Abstract

This paper outlines a variety of contemporary policy issues facing the U.S. economy. These issues include impediments to sustained economic growth and reduced unemployment, such as tax uncertainty and ill-conceived federal income tax policies. In addition, it provides an overview of four studies that deal with such topics as budget deficits and reduced economic freedoms, the implications of raising property taxes as a source of funds for revenue-starved local governments, the regional impacts of the world-wide recession for a specific locality in the U.S., namely, Hampton Roads, Virginia, and the relationship between yield curve inversion and the incidence of recession. Copyright International Atlantic Economic Society 2012

Suggested Citation

  • Richard Cebula, 2012. "Contemporary Economics and Policy Issues in the U.S," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 18(2), pages 131-137, May.
    • Handle: RePEc:kap:iaecre:v:18:y:2012:i:2:p:131-137:10.1007/s11294-012-9347-2
    DOI: 10.1007/s11294-012-9347-2
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    References listed on IDEAS

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    1. John M. Gowdy & Atilla Yesilada, 1988. "Decision Making under Conditions of Turbulence and Uncertainty: The Case of the Kinked Demand Curve," Eastern Economic Journal, Eastern Economic Association, vol. 14(4), pages 399-408, Oct-Dec.
    2. Alaa El-Shazly, 2009. "Investment Under Tax Policy Uncertainty: A Neoclassical Approach," Public Finance Review, , vol. 37(6), pages 732-749, November.
    3. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
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    More about this item

    Keywords

    Tax uncertainty; Unemployment; Public policy; E24; E62; H24;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies

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