In the wake of the 2016 U.S. presidential election, investors and the electorate alike are seeking clarity on a wide range of macro policy issues that will impact the economy and markets in the years ahead. The primary goal of this book is to provide an objective source for investors to learn...

1. Introduction -- 2. Measuring and accounting for the output of a nation : GDP -- 3. China and the United States and the balance of payments -- 4. Long-run economic growth -- 5. Consumption and savings in China and the United States -- 6. China's path of investment -- 7. Monetary policy and...

This research study examines the mediating role of cash holdings between the economic policy uncertainty (EPU) and corporate leverage relationship. Using stepwise regression analysis and annual firm-level data of 2,534 U.S. firms listed at NYSE over 1995-2018, we provide novel evidence that cash...