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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
The Interconnection Of The Great Recession, Income Disparity, Segregated Metropolitan Districts, And Their Significance To All In The U.S., Marcellus Demer
The Interconnection Of The Great Recession, Income Disparity, Segregated Metropolitan Districts, And Their Significance To All In The U.S., Marcellus Demer
CMC Senior Theses
In the United States, nobody can survive without depending on the income of oneself or of those that support them. Thus, economic opportunity and its skewed availability is pertinent to everyone. With income inequality in the United States measured in the early 2010s reaching some of the highest estimates among nations around the globe, people seek to investigate the forces behind this phenomenon and reverse it. This paper focuses on some of the many cycles and structures that exist to reinforce the challenges of achieving economic equality. Specifically, I extrapolate data to measure the correlations between the Great Recession and …
The Impact Of Oil Prices On The U.S. Economy, Jacob H. Bauch
The Impact Of Oil Prices On The U.S. Economy, Jacob H. Bauch
CMC Senior Theses
Nine of the ten recessions since WWII have been preceded by relatively large and sudden increases in the price of oil. In this paper, I use time series analysis to forecast GDP growth using oil prices. I use the methodology from Hamilton (2009), and extend the dataset through 2010. Impulse response functions are used to analyze the historical performance of the model’s one-year-ahead forecasts. In April, 2011, the International Monetary Fund changed its forecast of 2011 GDP growth in the U.S. from 3.0% to 2.8% largely due to persistently high oil prices. My model suggests that the price increase in …