Andrew Berg and Jonathan Ostry from the IMF have found an interesting link between income inequality and sustainable economic growth. The authors found that a…
Economics 398 Winter 2017
In 2009, the last year for which data is available, employers reported wages of 72.8 billion or 7.7 million workers who could not be matched…
In recent economic news, Minneapolis Fed President Narayana Kocherlakota changed his stance regarding our current extremely low interest rates .In his speech, Kocherlakota advocated keeping…
Here is a graph of the full seasonally corrected CPI vs the core CPI (consumer inflation excluding food and energy). In the short run they…
This Macroeconometrics Primer is a guide to the jargon and core techniques used in empirical papers in macroeconomics. It should provide a good foundation for…
…age composition matters… How long recovery takes depends on the rate of job creation relative to the growth of the working age population. It turns…
In Gordon and Krenn’s 2010 NBER working paper “The End of the Great Depression 1931-1941: Policy Contributions and Fiscal Multipliers” the authors measure and compare…
As per class today, that there might be a non-negative (much less > 1.0) multiplier remains contentious. For an example, see the following post by…
In 2000, Milton Friedman gave a keynote address to the Bank of Canada. In it, he shares some of his thoughts about the newly formed…
I’ve been tracking US employment and unemployment for the past couple years. Here’s an updated version of a graph looking at employment to population. One…
Some of you expressed surprise in class about the structure of US government. Please look at an old blog post of mine that sets forth…
…Romney’s plan is “work with Congress”… Obama did not go for the jugular; he’s not a street fighter. He did not try to get Romney…
The handouts we received (and hopefully read) in preparation for Thursday’s class discuss Milton Friedman and his analysis of inflation and unemployment. Accordingly, Friedman’s views…
What are the inflation expectations of people who move serious amounts of money, The Fed today reported the yields of inflation-indexed bonds. The trend in…
On September 13th, the Fed announced that it would start buying $40 billion in mortgage-backed securities for as long as it takes. While I appreciate the fact…
By Joana Traykova & Clara Tran The United States has been facing a significant budget deficit. At the end of fiscal year 2011, the enacted…
The Retirement of Baby Boomers Focusing on the final section, “Ham and Eggs in the Twenty-first Century,” this paper [http://onlinelibrary.wiley.com/doi/10.1111/j.1743-4580.2000.00112.x/pdf] emphasizes the impending question of…
…the fallacy of composition separates micro from macro… As I struggle with teaching senior majors a bit of macroeconomics, I am trying to think of…
Atella and Carbonari ask whether the political economy of older societies appears different. Their answer is yes: older societies spend less per child. Of course…
I have two small projects as a challenge. Both would require merely the ability to download and graph BLS data. That’s below the graphs —…