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Economic Challenges of the New U.S. Administration

Dimitri B. Papadimitriou, Nikolaos Rodousakis, Giuliano T. Yajima and Gennaro Zezza

Economics Strategic Analysis Archive from Levy Economics Institute

Abstract: On the eve of the 2024 US presidential election, the authors share their latest macroeconomic projections using the Levy Institute's tailored stock-flow consistent model and evaluate two alternative policy scenarios, depending upon the next occupant of the White House: (1) a significant increase in import tariffs and decrease in the marginal tax rate, and (2) a substantial increase in government expenditure paired with an increase in the marginal tax rate.

Date: 2024-11
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