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Monthly Archives: October 2013
Flying Blind
The House Republicans’ insistence on keeping the government closed means [0] that it is likely that we will be conducting macroeconomic policymaking with increasingly sparse or mismeasured data. If one doesn’t believe in expertise and information, then this is not a problem. If one believes that knowledge should inform decisionmaking, it is.
On weights and coding errors: odd coincidence or dress rehearsal?
Today Econbrowser is pleased to host this guest contribution from Professor Angus Deaton of Princeton University describing some of his experience with political attacks on academic research.
Yellen it is
I applaud President Obama for choosing the best person to be the next chair of the Federal Reserve. And I thank Governor Yellen for her willingness to serve the country.
Movements in Short Term Treasurys
“Short-term U.S. debt prices tumbled again Tuesday amid rising investor concern about the prospect of a government-debt default, sending the yield on one-month U.S. Treasury bills to its highest level since the financial crisis.”
Measuring the Trilemma: Updated Indices
Jérémie Cohen-Setton has a nice review of the recent blog-literature regarding the trilemma on Bruegel:
Don’t Eat the Shrimp!
(Update 10/8, 9PM)
Or think twice … thanks to the government closure.
From GovExec, “90 Percent of Seafood Imports Go Uninspected Due to Shutdown”:
Making money from the Eagle Ford Shale
Newly exploited tight oil formations account for more than 100% of the increase in U.S. field production of crude oil since 2005. But that doesn’t mean it’s easy to make money getting oil out of the ground this way.
Estimated Macro Impacts of the Shutdown
(Updated 10/6)
Four business days into the shutdown, and we have already exceeded in length 90% of the government-wide shutdowns that have occurred. What is the macro impact? In an accounting sense, by end-of-Monday, the impact should be to shave off 0.2 ppts of 2013Q4 q/q annualized growth.
The September Employment Situation
[This empty webpage brought to you courtesy of the House of Representatives]