From BEA:
Category Archives: Uncategorized
An Event Study: News and Trump Media and Technology Group, 4/1/2024
The efficient markets hypothesis indicates that new information should induce a revision to the present discounted value of future dividends, and hence a change in the market value. Apparently news came today.
The Arrogance of Ignorance
Reader JohnH berates mainstream economists for ignoring the distribution of income while focusing on the average, despite multiple attempts to point out that I’ve talked about median incomes and wages a lot. To wit:
Guest Contribution: “The Historical Puzzle of US Economic Performance under Democrats vs. Republicans”
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared at Project Syndicate. I thank Sohaib Nasim for research assistance and Emil Kaneti for catching a mistake in an earlier draft.
Why Is Wisconsin Construction Booming?
Residential or nonresidential?
Economic Report of the President, 2024
Released today, full text available here.
Republican Study Group Proposals
Text here.
FOMC March SEP on GDP
2024 q4/q4 growth at 2.1% matches FT-IGM survey discussed in previous post.
Things that Are Unseen
In economics. Reader JohnH disparages attempts to measure r* (and r* plus expected inflation):
Question is, would anyone recognize the neutral rate if it stared them right in the face? And if it could be identified, would it be wearing its real face, a nominal one, or a “natural” one?
X-Files, 2024 Edition
On mainstream economists hiding information regarding the BEA’s development of distributional national accounts, reader John Hofer wrote in January of 2024: