MétaCan
Menu
Back to cohort
Record W4389626700 · doi:10.52131/joe.2023.0504.0165

The Current State and Future Outlook of the US Economy

2023· article· en· W4389626700 on OpenAlexaff
Anwar Husain, Ian Mark

Bibliographic record

VenueiRASD Journal of Economics · 2023
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicMonetary Policy and Economic Impact
Canadian institutionsQueen's UniversityYork UniversityUniversity of Toronto
Fundersnot available
KeywordsEconomicsRecessionInflation (cosmology)Interest rateMonetary policyDebtFederal budgetReal interest rateMonetary economicsDeficit spendingUnemploymentQuantitative easingMacroeconomicsCentral bankFinance

Abstract

fetched live from OpenAlex

The study examines the current state of the US economy after the interest rate increases implemented by the Federal Reserve from January 2022 to July 2023 to reduce the rise in inflation. Although the Federal Reserve has successfully reduced inflation during this time period, the thesis of this paper is that future interest rate increases would be damaging to the economy and result in a recession. The five key economic indicators reviewed to assess the current state of the economy are (1) national debt, (2) real GDP growth rate, (3) inflation, (4) interest rate yield curve, and (5) unemployment. The conclusion of the paper is that the US Federal Reserve would damage several components of the economy if interest rate increases continue into the future, and it would increase the likelihood of a recession. The benefit of continuing with this monetary policy would be to decrease inflation from 3% to the publicly stated target of 2%. However, costs associated with this would be significantly higher since it would result in an increase in the US national debt and annual budget deficit because the servicing costs of the debt would increase dramatically. This would have a major impact on the US economy and eventually lead to an economic downturn.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.002
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.019
Threshold uncertainty score0.038

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.002
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.002
Science and technology studies0.0010.000
Scholarly communication0.0030.004
Open science0.0000.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0060.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.054
GPT teacher head0.229
Teacher spread0.175 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2023
Admission routes1
Has abstractyes

Explore more

Same venueiRASD Journal of EconomicsSame topicMonetary Policy and Economic ImpactFrench-language works237,207