I’ve written up a draft set of notes for my undergraduate macro students. Here is my interpretation of Modern Monetary Theory for them. Comments welcome. Continue reading
MMT for the ADD
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NYC Minimum Wage Devastates NYC Employment in Sector X
On vacation!
Menzie might be abut slow on approving comments…and fixing errors and omissions…
Self-Professed Policy Analyst Predicts Minimum-Wage Induced Employment Disaster [CORRECTED]
[Graph corrected 3/18 of 3/15 post– apologies to all for the error of using NY-wide series in the earlier post] New York City. Inveterate commenter Steven Kopits cites an article from some publication called “Liberty Nation”:
Self-Professed Policy Analyst Predicts Minimum-Wage Induced Employment Disaster
In New York City. Inveterate commenter Steven Kopits cites an article from some publication called “Liberty Nation”:
“Integration or Disintegration? The Future of Global Governance and the Global Economy”
That’s the title of this year’s Robert M. La Follette School of Public Affairs Spring Symposium, on April 3 (organized by Mark Copelovitch and myself):
More information and registration here.
Our spring symposium two years ago focused on Europe in Crisis, bringing in Gillian Tett (FT), and Peter Hall (Harvard) as keynote speakers.
Guest Contribution: “The ECB has reached the end of its rope, leaving the eurozone with few options”
Today, we are fortunate to present a guest contribution written by Ashoka Mody, Charles and Marie Visiting Professor in International Economic Policy, Woodrow Wilson School, Princeton University. Previously, he was Deputy Director in the International Monetary Fund’s Research and European Departments.
The Administration’s GDP Forecast, Compared
The President’s budget document included a table (S-9) including GDP forecasts (q4/q4). How much of an outlier are these forecasts? I let readers decide.
Open for Business Wisconsin Compared against Multiethnic Socialist Heckhole California
California GDP has grown a cumulative 13 percentage points more than Wisconsin over the Brown and Walker years. Employment, 10 percentage points…
Employment Growth in the Last Year of Walker’s Wisconsin
The benchmark revisions halved the 2018 growth rate from 1.64% to 0.82%.
Figure 1: Wisconsin nonfarm payroll employment from December 2018 release (red), from January 2019 release (blue), in 000’s, s.a. Light green shading denotes benchmarked data. Source: BLS.