Joe Biden: A Bearer of Hope

Author:

Ruthardt Fabian1

Affiliation:

1. Ifo Institute, Ifo Center for Public Finance and Political Economy , Poschingerstr. 5, D-81679 Munich , Germany

Abstract

Abstract Expectations on Biden’s Presidency are immense. The international community hopes for a paradigm shift away from US unilateral policies and towards more international cooperation. International economic experts expect positive growth effects far beyond the United States. President Biden’s early actions point towards reversing some of President Trump’s core economic policies. President Biden’s reform proposals include large-scale fiscal expansions, a substantial increase of the corporate income tax rate and increased international cooperation in the upcoming years.

Publisher

Walter de Gruyter GmbH

Subject

General Economics, Econometrics and Finance,General Business, Management and Accounting

Reference25 articles.

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2. Alesina, A. 1987. “Macroeconomic Policy in a Two-Party System as a Repeated Game.” Quarterly Journal of Economics 102 (3): 651–78, https://doi.org/10.2307/1884222.

3. Amiti, M., S. J. Redding, and D. E. Weinstein. 2019. “The Impact of the 2018 Tariffs on Prices and Welfare.” The Journal of Economic Perspectives 33 (4): 187–210, https://doi.org/10.1257/jep.33.4.187.

4. Biden, J. R. 2021. Statement on Acceptance of the Paris Agreement on Climate Change on Behalf of the United States. Santa Barbara: University of California (UCSB). https://www.presidency.ucsb.edu/node/347808 (accessed September 16, 2021).

5. Blinder, A. S., and M. W. Watson. 2016. “Presidents and the US Economy: An Econometric Exploration.” The American Economic Review 106 (4): 1015–45, https://doi.org/10.1257/aer.20140913.

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