Are you teaching international economics in the spring? Or just want to learn more about the field? Consider adopting/purchasing this new textbook, by myself and Douglas Irwin (available now in digital format, January 31st in hardcopy from Cambridge University Press).
Heritage Foundation’s EJ Antoni shared this graph of the CPI level:
Headline up, core down.
Heritage Foundation’s EJ Antoni has been describing the gap between the establishment NFP series and the CPS employment series as the basis for evidence of mismeasurement of employment by the CES. Goldman Sachs notes today (Peng, “Revised Immigration Estimates Will Close Much of the Payroll-Household Employment Growth Gap in January”) that new Census estimates of immigration will imply a big revision in population controls used in the CPS employment series.
From Newsweek:
From Rappaport, Swanson, Duehren, in NYT yesterday, an interestingly monochromatic picture of the incoming economics team.
In wondering why the LA wildfires had worse outcomes than say those in Wisconsin, Mr. Bruce Hall makes this assertion.
Since the election:
Mr. Bruce Hall speculates on the causes for the severity of the LA fires:
At 10am ET, 10 year Treasury yields were at 4.8%, up from 4.7% at Friday’s close (delta 8 bps). TIPS 10 year were at 2.35% up from 2.32% (delta 3 bps). Here’re some 5 year inflation expectations data over the last year.