Currency appreciation will be a drag; this implies a policy of slower monetary tightening is in order
Monthly Archives: March 2015
U.S. oil supply update
The EIA released a new drilling productivity report last week, allowing us to update our graph of the drilling rig count in the four major tight oil regions. Active rigs in those areas are now 32% below their peak last October, the lowest level in 3 years.
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2015 Econbrowser NCAA tournament challenge
It’s time to get ready for the world famous eighth annual Econbrowser NCAA tournament challenge, in which readers and friends of our blog are invited to demonstrate their skill (or luck) at predicting the outcome of the U.S. college mens’ basketball tournament. If you want to participate, go to the Econbrowser group at ESPN, do some minor registering to create a free ESPN account if you haven’t used that site before, and fill in your bracket some time between Sunday at 7:00 p.m. EDT and Thursday before noon.
The big question is whether anybody can beat Kentucky?
“For a few dollars more: Reserves and growth in times of crises”
This paper, coauthored with Matthieu Bussière (Banque de France), Gong Cheng (European Stability Mechanism), and Noëmie Lisack (EUI), is now published and online.
Guest Contribution: “Nowcasting Global GDP Growth”
Today, we are fortunate to present a guest contribution written by Laurent Ferrara (Banque de France, Head of the International Macro Division) and Clément Marsilli (Banque de France, Economist at the International Macro Division). The findings, interpretations, and conclusions expressed in this article are entirely those of the authors. They do not necessarily represent the views of the Banque de France.
Wisconsin Employment Surge “Benchmarked” Away
Wisconsin private nonfarm payroll employment only 112.6 thousands (45%) below Governor Walker’s goal of 250,000 net new jobs.
U.S. oil production still surging
The EIA is now reporting that U.S. field production of crude oil averaged almost 8.7 million barrels a day in 2014. That’s up 1.2 mb/d from 2013, and is only 0.9 mb/d below the all-time U.S. peak in 1970.
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Some Empirics Regarding Right to Work Laws
Wages in right to work states are lower than those others. After controlling for various factors, the gap remains.
Is the United States Protected from the European Debt Crisis?
For those of you in San Diego I wanted to call attention to a roundtable discussion this Friday March 6 on some of the ongoing concerns about European sovereign debt. I’ll be appearing along with Jeffrey Frieden from Harvard (who will be quite familiar to regular readers of Econbrowser) and David Leblang of the University of Virginia. Details on how to register for the event can be found here.
Guest Contribution: “Analyzing Recent Trends in the U.S. Wealth Distribution”
Today we are fortunate to present a guest contribution written by Ricardo T. Fernholz, Assistant Professor of Economics at Claremont McKenna College.