Economic Report
President Biden has presented his American Jobs Plan, which amounts to about $2 trillion in spending on infrastructure and care. This should be financed by raising the corporate tax rate to 28% from 21% and by other tax measures aimed at corporations.
Special
President Biden has delivered a large covid relief package within the first 100 days of his administration that will support Americans at least through early September. By not fully exploring the bipartisan route, Biden has limited the type of policies that he can get through Congress going forward.
Economic Report
The relationship between the EU and the US appears to be improving under the Biden administration, but several potential conflicts remain, such as the taxation of big tech and fossil energy, and tariffs on steel and aluminum.
Special
While we expect Biden’s policies to boost economic growth, we do not expect them to end the vicious cycle of polarization and social unrest that is undermining the country. In foreign and trade policy, Biden is likely to return to a multilateral approach.
Column
Op korte termijn wil Biden een flink steunpakket om de gevolgen van Covid-19 te verzachten. Daarna wil hij een ruimer begrotingsbeleid gericht op het stimuleren van de economische groei. Hij wil meer investeren in onderwijs, onderzoek & ontwikkeling en infrastructuur.
Economic Report
On January 6, Trump supporters stormed Congress. The ever increasing polarization of US politics and society has reached a level that poses a serious threat to the stability of the country. If the US does not find an off-ramp from this route, we are only going to see a further escalation of civil unrest.
Economic Report
If the Democrats win both run-off elections in Georgia this would open the door to a large fiscal stimulus package and more expansive fiscal policy in the coming years. This would reduce the pressure on the Fed to provide more monetary stimulus through asset purchases.
Special
Democrats and Republicans have finally passed a bill on a new Covid-19 relief package which was signed into law by President Trump on Sunday. The size of the fiscal package is estimated at almost $900 billion, although about half of that is money recycled from the CARES Act.
Economic Report
Under a Biden administration foreign and trade policy will remain focused on meeting the challenge of China as the main rival of the US. However, the fiscal policy plans of the Democrats are likely to be stopped by the Republicans in the Senate.
Economic Report
The US election results are coming in slowly and are likely to be contested. This will reduce the legitimacy of the president that will be sworn in in January and further fuel the social unrest.
Economic Report
Wat is de economische impact van de beleidsagenda’s van de Amerikaanse presidentskandidaten Trump en Biden? We rekenden het uit.
Special
Under a Biden presidency cooperation between the EU and US on a broad range of topics would improve and the risk of new tariff hikes fall. Yet, certain tensions would remain difficult to overcome and a significant fall in trade barriers unlikely.
Column
Economen denken vaak dat Trump in 2016 de verkiezingen won vanwege economische ongelijkheid, het verlies van banen in de industrie en stagnerende inkomens. Maar dat is niet zo: identiteit speelde een veel grotere rol. En dat gaat niet zomaar weg als Trump verliest.
Special
While both Trump and Biden want to boost economic growth and reduce unemployment, their approaches are radically different. In this report, we try to assess the impact of their policy plans on a range of macroeconomic variables, such as GDP, real income, public debt and trade.
Special
While economists have framed the outcome of the 2016 US presidential election in terms of economic inequality, the loss of manufacturing jobs, and stagnating income, the empirical evidence rejects these claims and suggests that identity played a more important role than the economy.
