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That’s the title of a presentation at the ASSA meetings (YouTube video of the presentation is here) in the ACAES panel “Covid and Recovery in Asia” (see below). Calla Wiemer presented, and I discussed. [Updated 1/19, links to slides added]
In recent exchange [1], some exhibited skepticism that monopsony power exists in labor markets. A recent article documents evidence that manufacturers exhibit such power. From Yeh (2022):
From the World Bank report:
Suppose the historical correlations between the 7 day moving average of covid deaths and hospitalizations and ICU beds holds. What does that imply for future trends in covid related deaths?
It’s often said that economists know the price of everything and the value of nothing. Well, here goes anyway.
Compiling graphs for a trade course, and lo what did I see:
Following up on “omicron is a dud” – From CDC, forecasted deaths of 10 January 2022:
That’s one assessment of the impact on markets. Certainly in terms of public health impacts, that’s not true.
One reason why inflation exceeded my estimates from earlier this year is the price of imports. Since 2020M02, goods import prices from China have risen 5.3%, after declining 5.8% over the preceding six years. The dollar depreciated by 9.4% over the same period, implying a exchange rate pass-through coefficient of 0.56.