Patrick Power
Economics PhD @ Boston University
Diagrams
The Economics of Presidential policies
Meningitis
Pnemoinia
Hib
Hib CV
- Bacterial Pathogen
- Introduced with antigens
- Spinal Taps
A
B
More Italians (Restricted)
More Germans (Less Restricted)
A
B
1924
State Economic Areas
1900
D_i = \sum _c \frac{\text{FB}_{cj1900}}{\text{Pop}_{j1900}} \times 1\{ \text{Quota Intensity}_c\}
Number of Residents in SEA
From a specific Country
Number of Residents in SEA
Measure of the Immigrant restrictions in that Country
[5, 7, 2]
Canada
Mexico
Türkiye
Steele Exports
EPOP_{rt} - EPOP_{r,2018m1} = \delta_t + \beta_{1t} \, IMP_{r}^{Dec19} + \beta_{2t} \, RET_{r}^{Dec19} + \varepsilon_{rt}.
Change in Employment
Unit of Observation: Commuting Zone
Import Tariff Exposure Levels
Retaliatory Tariff Exposure Level
\begin{align*}EPOP_{rt} - EPOP_{r,2018m1}
&= \beta_1 IMP_{rt} + \beta_2 RET_{rt} + \beta_3 SUB_{rt} \\
&+ \gamma_t + \delta_{d(r),t} + \bar{\lambda} S_{r,t} \\
&+ \phi \left( \Delta EPOP_{r,2017} \times t \right) \\
&+ \varepsilon_{rt}.
\end{align*}
Change in Employment
Import Tariff Exposure Levels
Retaliatory Tariff Exposure Level
Agricultural Subsidies
Month by Year Fixed Effects
Year Fixed Effects by Census Dummies
Employment Share by Time Fixed Effects
\Delta \mathbb{E}[\text{Emp}_t \vert t, \text{Imp}_t]
Unit of Observation: Commuting Zone
[-48.7, -42.1, 34.0, 51.1]
Merchandise Exports
Shipping Earnings
Imports for Consumption (ad valorem duties)
Imports for Consumption (consumption specific duties)
[0.73, 0.73, 1.33, 1.33]
Price on Merchandise Exports
Price on Shipping
Price on Imports for Consumption (ad valorem duties)
Price on Imports for Consumption (consumption specific duties)
Federal Deficit
Real Interest Rates
Trade Deficit
Private Investment
Federal Debt
Currency
Trade
Federal Debt
Currency
Assets
Liabilities
State Bonds
Government Bonds
Banksnotes
Stable Coin
Treasury Bills
Bank Reserves
Commercial Paper
Backing
Real Cash Balances
Cost of Holding Money
Demand
C_b
C_a
Transfer from note holders to bankers
M_b
M_a
Assets
Liabilities
\$50K \text{of Specie}
\$50K \text{of Gov Bonds}
From Investors
\$50K \text{of Specie}
Assets
Liabilities
\$50K \text{of Specie}
\$50K \text{of Gov Bonds}
From Investors
\$50K \text{of Specie}
Assets
Liabilities
\$50K \text{of Specie}
\$30K \text{of Gov Bonds}
From Investors
\$20K \text{of Specie}
Assets
Liabilities
\$50K \text{of Specie}
\$30K \text{of Gov Bonds}
From Investors
\$20K \text{of Specie}
\$25K \ \text{Mortgage}
\$25K \ \text{Banknotes}
Bank Issued
Assets
Liabilities
\$90 \ \text{of Specie}
\$100 \ \text{Assets}
From Investors
\$90 \ \text{Bonds}
\$100 \ \text{Banknotes}
Bank Issued
Assets
Liabilities
From
Subprime Auto Loans
Warehouse Loans
JPMorgan
Fifth Third
Barclays
Auto Loans
Household #1
Auto Loans
Household #2
Auto Loans
Household #3
Asset Backed Security
Investors
Quantity of Loans
Interest Rate
Demand
Supply
Quantity of Labor
Wages
Demand
Supply
Supply'
Money
Interest Rate
Supply'
Demand
Supply
Changes to Money Supply
Current
Future
Government Expenditure
Tax Revenue
President
Impose Tariffs
?
President
Impose Tariffs
?
Regulate Imports
President
Impose Tariffs
?
Regulate Imports
An Unusual & Extraordinary Threat to the U.S.
Treated
Control
\tilde{Y}_i(1)
\tilde{Y}_i(0)
Filled in Subsets Denote "Attrition"
Tom Thibodeau Fired
2025
Team Not Ready
Poor Strategy
Unpopular
Rick Carlisle
Fired
2003
Team Not Ready
Poor Strategy
Unpopular
Copy of Copy of The Economics of Housing and Homelessness: The Current Administration
By Patrick Power
