Today we are fortunate to have a guest contribution by Sam Williamson, Emeritus Professor of Economics at Miami University, and President of Measuring Worth.
In addition to previous open letters, here is one released today, with over 750 signatories:
Nationwide, labor force down 2.7% from February, and down 2.4% from year ago.
The Center for Research on the Wisconsin Economy (CROWE) sponsored a series of talks on the election and economic issues. Yesterday’s talk was by Princeton’s Alan Blinder (former CEA member, former Fed Vice Chair). His talk with Q&A is here (YouTube).
Other visitors included Lee Ohanian, Diane Whitmore Schanzenbach, Casey Mulligan and Brian Riedl (Manhattan Institute).
Two days ago, reader Bruce Hall wrote:
Cases continue to escalate; deaths do not; hospitalizations are basically level. The hyperbole around cases is unfortunate because infections are not categorized for action since asymptomatic to severe are lumped together.
The most recent “excess fatality” count remains solidly in the positive region, despite the severe under-reporting bias in the most recent observations. To see this, consider the most recent estimates for each of the previous vintages of “excess fatalities” calculated as actual-expected.
Today, we are pleased to present a guest contribution written by Joshua Aizenman (University of Southern California) and Hiro Ito (Portland State University) .
Reader Bruce Hall writes yesterday:
Cases continue to escalate; deaths do not; hospitalizations are basically level. The hyperbole around cases is unfortunate because infections are not categorized for action since asymptomatic to severe are lumped together.
Just in time for the module on fiscal policy in my macro policy course, multipliers in a time of Covid-19. From a CBO working paper by Seliski, Betz, Chen, Demirel, Lee, and Nelson, “Key Methods That CBO Used to Estimate the Effects of Pandemic-Related Legislation on Output”.
With the release of industrial production figures today, the deceleration in economic activity continues, according to some key indicators noted by the NBER’s Business Cycle Dating Committee (BCDC).