학술저널
What to Expect in the Wake of the 2020 U.S. Elections
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 34 No.1
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2021.0217 - 25 (9 pages)
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DOI : 10.22904/sje.2021.34.1.002
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The 2020 U.S. elections produced a close, but clear, victory for Democratic nominee Joe Biden in the presidential contest, a surprisingly slim majority for the Democratic party in the House of Representatives, and an even 50-50 split between Republicans and Democrats in the Senate.1 Newly elected Democratic Vice President Kamala Harris holds the deciding vote for party control in the Senate. Thus, the Democratic party now controls the executive branch of the federal government and both Houses of Congress – a huge shift in the balance of political power.
I. What It Means for U.S. Economic Policy and Policy Making
II. The Outlook for Fed Monetary Policy
III. Structural Shifts in the U.S. Economy
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