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AEI's weekly digest of top commentary and scholarship on the issues that matter most

Where Do Parents and Children Stick Together?

The Geography of Traditional Families in America

April 22, 2023

Charles Murray shares the latest data tool in a series he has launched to help researchers and the public tackle the most profound questions facing American society. Compiling years of American Community Survey data, his publication reveals divergences in family structures across the entire United States. “To my knowledge, you won’t find comparable numbers anywhere else,” writes Murray.

 

 

Is massive US aid to Middle Eastern countries necessary in our new era of great-power rivalry? As America’s global challenges change, Danielle Pletka reassesses past positions and questions whether regional powers such as Egypt and Israel still need billions of dollars in American assistance.

 

On April 2, OPEC+ announced a surprise oil production cut to increase prices. Benjamin Zycher argues this decision exposes the fatal flaw in the Biden administration’s “green” energy policy that suppresses domestic oil production while asking foreign producers for lower prices.

 

According to Gary J. Schmitt and Joseph M. Bessette, Congress, not the vice president, has the authority to settle disputes over Electoral College votes. In a new AEI report, Schmitt and Bessette trace the constitutional precedents of this authority back to the founding and affirm its strengthening by the recent Electoral Count Act.

 

In the latest report from AEI’s Conservative Education Reform Network, Robert Manzer identifies university accreditors’ long-standing role in illiberalism’s rise on campuses. He outlines several ways policymakers can challenge accreditors that pressure academic institutions to conform to illiberal agendas.

International Spillovers of Monetary Policy: Conventional Policy vs. Quantitative Easing

In a new article in the International Journal of Central Banking, Steven B. Kamin and his coauthors evaluate the popular economic perspective that quantitative easing has greater consequences for foreign financial conditions than conventional monetary policy, which operates through policy interest rates, such as those set by central banks. Recognizing the challenges of measuring the difference, Kamin and his coauthors use a term structure model to break down longer-term bond yields into expected short-term interest rates and term premia. They find that changes in short-term interest rates, reflecting conventional monetary policy, had more significant spillover effects on foreign interest and exchange rates than changes in term premia on the US dollar, which reflects “balance sheet policies” and quantitative easing. Kamin and his coauthors conclude that their findings contradict the prevailing view of quantitative easing as more internationally disruptive than policy rate changes.

 

 

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