Steven Byers – Economic Costs of an Overvalued Dollar
A strong dollar is seen by many as a positive indicator for the U.S. economy. However, an overvalued dollar poses risk for U.S. producers by making American exports more expensive overseas and imports into the U.S. cheaper, potentially widening the trade deficit.
REMI cordially invites you to a webinar presentation on Wednesday, March 6th from 2 to 3 p.m. EST by guest speaker Steven Byers, Senior Economist for the Coalition for a Prosperous America (CPA), a bipartisan organization advocating trade policy reform on behalf of manufacturers, farmers, and labor members.
The CPA simulated a 27 percent devaluation of the dollar on a trade-weighted basis over a six-year period using REMI modeling software. The analysis accounted for the asymmetrical relationship between import and export prices and how they respond to changes in the exchange rate. By modeling the devaluation scenario, the CPA was able to measure the economic costs of the dollar’s value.
For this presentation, Dr. Byers will discuss the implications of an overvalued dollar, share the findings from CPA’s research, and describe the methodology behind the evaluation.
Economic Effects of Criminal Justice Reform
[Slides]Economic Effects of Criminal Justice Reform – Peter Evangelakis, REMI
[Recording]Economic Effects of Criminal Justice Reform – Peter Evangelakis, REMI
Over the course of four decades, the United States prison population surged as elected officials emphasized “tough on crime” policies. In recent years, calls for reforming the criminal justice system have gained traction, as both conservatives and liberals seek to address perceived excesses and injustices.
Lawmakers have pursued, or at least considered, a range of changes on the federal and state levels – from revising sentencing guidelines to legalizing marijuana. Reforms may not only dramatically change individual lives, but also reshape the economy as more people join the workforce and prison spending declines.
Please join REMI Senior Economist Peter Evangelakis, Ph.D. for a special webinar on Wednesday, March 20th from 2 to 3 p.m. EST when he will present “Economic Effects of Criminal Justice Reform,” an exploration of the varying costs and benefits associated with alterations to crime and punishment in this country.
For this presentation, Dr. Evangelakis will provide an overview of criminal justice reform and incarceration trends. He will examine recent changes at the federal and state level, and demonstrate how to simulate reform’s impacts on output, employment, and revenue using dynamic economic modeling.