Maxwell School News and Commentary
Filtered by: Economic Policy
McDowell Talks to The Guardian, VOA About China’s Push to Internationalize Its Currency
"Over the last 15 years or so, we've seen some policies aimed at promoting its [renminbi] international use, but we've also seen a lot of policies that make it less attractive," says Daniel McDowell, associate professor of political science.
See related: China, Economic Policy, Government, International Affairs
McDowell Comments on the Use of China’s Renminbi as a Global Currency in The Wire China
“China had economic motives to de-dollarize that predate sanction concerns,” says Daniel McDowell, associate professor of political science. “When the U.S. economy had a financial crisis, China ended up getting hurt. China figured, we should probably promote our own currency now.”
See related: China, Economic Policy, Government, International Affairs
Montez Quoted in Boston Globe Article on Life Expectancy and Where People Live
In one study, University Professor Jennifer Karas Montez and other researchers found that, if every state simply implemented the same policy environment as Connecticut, “The U.S. would increase its life expectancy by roughly two years,” she says. “That is a massive increase.”
See related: Economic Policy, Housing, Income, Longevity, State & Local, U.S. Health Policy, United States
McDowell Weighs in on Brazil-China Relationship in Washington Post Article
“When China and Brazil sign an agreement like this, it’s trying to put into place the infrastructure that would make it possible to use China’s currency, but that doesn’t mean that individual firms are going to choose that,” says Daniel McDowell, associate professor of political science.
See related: China, Economic Policy, International Affairs, Latin America & the Caribbean
McDowell Talks to CSIS and Hidden Forces About His New Book, ‘Bucking the Buck’
Daniel McDowell, associate professor of political science, discussed the implications of sanctions for the dollar's status, the relationship between dollar dominance and U.S. sanction capabilities, and the response of U.S. major rivals to these measures.
See related: Economic Policy, International Affairs, United States
Returns to Scale in Property Assessment: Evidence from NYS’s Small Localities Coordination Program
"Returns to Scale in Property Assessment: Evidence from New York State’s Small Localities Coordination Program," co-authored by Maxwell professors Yilin Hou and John Yinger, was published in the National Tax Journal.
See related: Housing, New York State, Taxation
McDowell Establishes Link Between US Financial Sanctions, Rise of Anti-Dollar Policies in New Book
Daniel McDowell, associate professor and director of undergraduate studies in political science, has written a new book, “Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar” (Oxford University Press, 2023).
See related: Economic Policy, International Affairs, United States
Monarch Quoted in VOA Article on China’s Shift Towards High-End Manufacturing
Ryan Monarch, assistant professor of economics, says it would be more difficult for China's manufacturing industry to transition to the high-end amid deteriorating U.S.-China relations and the decoupling of business between the two countries.
See related: China, Economic Policy
Engelhardt Weighs in on Fixing Social Security in CNN Article
It’s unlikely anything will be done in the near term, in part because of the current lack of bipartisanship in Washington, says Gary Engelhardt, professor of economics.
See related: Economic Policy, Retirement, United States
McDowell Weighs in on Russia’s Increased Use of China’s Yuan in Wall Street Journal Article
While Russia’s use of the yuan doesn’t mean the end of dollar supremacy, it may usher in the beginning of a more fractured system that could ultimately blunt the U.S.’s ability to use financial sanctions as a weapon, says Daniel McDowell, associate professor of political science.
See related: China, Economic Policy, Foreign Policy, Russia