Journal Article
Understanding the Trade Imbalance and Employment Decline in U.S. Manufacturing
Wen, Yi; Reinbold, Brian (2018)
Economic analysis suggests that a trade war with China can neither stop the decline in American manufacturing employment nor eliminate the U.S. trade deficit, but it could significantly reduce the welfare of American consumers by making U.S. imports of Chinese goods more expensive. Moreover, it could cause the United States to lose its global leadership in free trade and globalization and facilitate China's rise as a world leader in trade and commerce. A better approach may be for policymakers to design policies that can ensure fair redistribution of the gains from free trade among American ...
Economic Synopses , Issue 15 , Pages 1-3

Journal Article
Geographic Disparity in U.S. Output
Reinbold, Brian; Ravikumar, B. (2020-03-06)
A mere 81 of more than 3,000 counties produced half of total U.S. GDP in 2018.
Economic Synopses , Issue 5

Journal Article
Anecdotal Evidence Suggests State Capacity Unrelated to COVID-19 Spread
Wen, Yi; Arbogast, Iris; Reinbold, Brian (2020-11-23)
The COVID-19 pandemic has underscored many societal issues, including the capacity of different world governments to contain the virus’ spread.
The Regional Economist , Volume 28 , Issue 4

Journal Article
Income and Living Standards within the Eighth District
Wen, Yi; Reinbold, Brian (2018)
In this article, we have look at the distribution of living standards in terms of the purchasing power of real per capita personal income by county using RPPs. Adjusting income for cost of living allows us to evaluate inequality in income?s local purchasing power instead of income per se. We see that overall inequality is not so severe in the District once adjusted for the cost of living, both across counties and in comparison to the nation. We also see that living standards tend to be higher within MSAs than outside them. In general, inequality is less severe when measured by living ...
The Regional Economist , Volume 26 , Issue 1

Journal Article
Housing Costs and Regional Income Inequality in China and the U.S.
Wen, Yi; Reinbold, Brian (2018)
In this article, we look at regional per capita disposable income data for China, a developing nation, and the U.S., an advanced economy, to see how income inequality compares between two large countries with a substantial income gap.
The Regional Economist , Volume 26 , Issue 2

Journal Article
Changing Trade Relations May Affect U.S. Auto Exports in Long Run
Wen, Yi; Reinbold, Brian (2019)
The proposed trade agreement USMCA and trade disputes with China may have an impact on the U.S. auto sector.
The Regional Economist , Volume 27 , Issue 1

Early U.S. Trade Deficits and Industrialization
Wen, Yi; Reinbold, Brian (2020-07-20)
Trade deficits during the country’s first phase of industrialization did not inhibit U.S. development and may have facilitated industrialization.
On the Economy

Trade and Gold Reserves after the Demise of the Classical Gold Standard
Wen, Yi; Reinbold, Brian (2020-09-01)
After the early 1920s, the relationship between gold reserves and trade flows was tenuous at best as the international payments system experienced heightened uncertainty and significant change.
On the Economy

Journal Article
Is the Phillips Curve Still Alive?
Wen, Yi; Reinbold, Brian (2020-05)
A.W. Phillips's discovery that inflation is negatively correlated with unemployment served as a heuristic model for conducting monetary policy; but the flattening of the Phillips curve post-1970 has divided debate on this empirical relation into two camps: "The Phillips curve is alive and well," and "The Phillips curve is dead." However, this dichotomy oversimplifies the issue.
Review , Volume 102 , Issue 2 , Pages 121-144

Journal Article
Historical U.S. Trade Deficits
Wen, Yi; Reinbold, Brian (2019-05-17)
U.S. trade deficits appear to follow phases of industrialization.
Economic Synopses , Issue 13