Economy
"Reading the Bump in Inventories"
David Altig says he isn't too worried about inventory accumulation in the fourth quarter of last year translating into slower growth in the first part of this year (I added some general comments on the recovery at the end): Reading the bump in inventories, by David Altig: Yesterday's wholesale trade report, with its positive surprise [...]
Continue reading...Links for 2012-02-12
12 February 2012 – 12:23 am PST
Making Shareholders Liable for Big Banks – Tyler Cowen Bubbles and Economic Potential – Paul Krugman Asset Prices and Potential Output – Brad DeLong How the Stimulus Fell Short – NYTimes.com Employment Graphs – The Denouement What to Say – Modeled Behavior Severely X – Language Log Reading Fallows's "Obama, Explained" – Brad DeLong The [...]
Continue reading..."Romney’s Severely Conservative Budget Promises"
11 February 2012 – 12:24 am PST
Ezra Klein digs into Romney's budget proposal: Romney’s severely conservative budget promises, by Ezra Klein: In his speech to CPAC, Mitt Romney repeated a promise that he’s delivered repeatedly on the campaign trail. “Without raising taxes or sacrificing America’s critical defense superiority, I will finally balance the budget.” That sounds pretty good. It sounds really [...]
Continue reading...Links for 2012-02-11
11 February 2012 – 12:24 am PST
Bloomberg's hape-of-Earth-Differ Journamalism – Brad DeLong Reading the bump in inventories – macroblog Two Minutes Hate – Paul Krugman Wikipedia, Mitt, Barack, and a Hand Over the Heart – Shane Greenstein Jim Bullard chucks the Solow growth model! – Noahpinion Immigrants face challenges in finding jobs – Miles Corak Housing Markets in Transition – Ben [...]
Continue reading...Paul Krugman: Money and Morals
11 February 2012 – 12:24 am PST
The claim from conservatives that collapsing middle class family values is responsible for rising inequality diverts attention from the true cause of stagnating middle class incomes: Money and Morals, by Paul Krugman, Commentary, NY Times: Lately inequality has re-entered the national conversation. Occupy Wall Street gave the issue visibility, while the Congressional Budget Office supplied [...]
Continue reading...Links for 2012-02-10
10 February 2012 – 12:26 am PST
The overvalued Euro – Antonio Fatas The White Underclass – Nicholas Kristof Definitions in social theory – Dan Little Jonathan Chait Is Mean – Paul Krugman Obama Advisers Raise Job Creation Forecast – NYTimes.com People Are Not Leaving the Labor Force – NYTimes.com The Infamous Example of Rent Control – EconoSpeak Unemployment Claims decline to [...]
Continue reading...Old versus New Keynesian Models Revisited
10 February 2012 – 12:25 am PST
In light of comments such as this from Robet Waldmann (who doesn't get shrill with just anyone, so I'm honored to make his list), I think I should elaborate a bit more on my view of Old versus New Keynesian models: Mark Thoma explains the very basics of New Keynesian economics and I am very [...]
Continue reading..."Bretton Woods: Not the Gold Standard"
10 February 2012 – 12:25 am PST
Eric Rauchway tries to clear up some misconceptions about the gold standard: Bretton Woods: not the gold standard, by Eric Rauchway, Edge of the American West: In a WSJ op-ed called “Forty Years of Paper Money,” Detlev Schlichter, a supporter of the gold standard, begins thus: Forty years ago today, U.S. President Richard Nixon closed the [...]
Continue reading..."Mean-Spirited, Bad Economics"
10 February 2012 – 12:25 am PST
Simon Johnson wonders why we are so stingy when people are having trouble through no fault of their own: Mean-Spirited, Bad Economics, by Simon Johnson, The Baseline Scenario: The principle behind unemployment insurance is simple. Since the 1930s, employers … have paid insurance premiums … to the government. If people are laid off through no fault [...]
Continue reading...Eichengreen: Europe’s Tobin Tax Distraction
10 February 2012 – 12:25 am PST
Barry Eichengreen is not a big fan of the Tobin tax, at least not for the purposes leaders in Europe have given when arguing for the policy: Europe’s Tobin Tax Distraction, by Barry Eichengreen, Commentary, Project Syndicate: At last, European leaders have revealed their top-secret plan for solving the euro’s crisis. And it is – [...]
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12 February 2012 – 12:23 am PST
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