We estimate the macroeconomic impacts of mandatory business closures in the U.S. and many other countries in order to control the spread of the COVID-19. The analysis is based on the application of a modified version of the GTAP computable general equilibrium (CGE) model. We simulate mandatory...

We present a formal analysis of the macroeconomic impacts of the COVID-19 pandemic in the U.S., China and the rest of the world. Given the uncertainty regarding the severity and time-path of the infections and related conditions, we examine three scenarios, ranging from a relatively moderate...

Despite increased domestic production, the U.S. is still importing more than one-third of its crude oil needs, the vast majority via ocean tankers. At the same time, there are increasing concerns about the vulnerability of ports and terminals to man-made and natural disasters. This paper...

We estimate the impact of fiscal stimulus measures enacted in response to COVID-19 on U.S. GDP, investment and exports. We apply a dynamic computable general equilibrium model adept at estimating total direct and indirect effects and their time-path. Initial stimulus bills, including the CARES...

The development of high speed rail infrastructures in the US faces a great challenge given the concern of economic viability and political complexity. However, a deeper investigation reveals that most of these concerns and complexity issues can be explained from a cultural perspective, which...