“Energy regulation efficiency” and economic growth.
Roger Farmer has taken a new look at an issue concerning the Federal Reserve’s program of large-scale asset purchases (referred to in the popular press as “quantitative easing”) that I’ve been discussing on Econbrowser and in my research with University of Chicago Professor Cynthia Wu for some time.
The BEA has released a new quarterly Gross State Product (GSP) series for states — a tremendous innovation for those of us interested in tracking state economies.
I saw an interesting statistic in the latest issue of Journal of Economic Perspectives. If you rank North American economics Ph.D. programs in terms of the publishing success of their median student in the first six years after graduating, UCSD comes in second.
Number one? Seems to be Princeton.
Today the Philadelphia Fed released coincident indices (measures of aggregate economic activity) for the states and the US. Wisconsin outperforms Kansas — a very low bar — and yet has lagged all her neighbors.
I’ve read several comments lauding the move toward a structural budget balance in Wisconsin under Governor Walker’s administration. I decided to take a look at what the actual evidence for a surplus is, and what the economic impact has been of policies purported to improve economic performance.
The unfunded liabilities of the San Diego County Employees Retirement Association have increased every year for the last five years, reaching $2.45 billion last year, more than quintuple the level in 2008. The calculation of how big the shortfall is assumes that the fund is going to be able to earn a 7.75% return on its investment after subtracting administrative costs. If it earns less than 7.75%, the shortfall will be even bigger. A 10-year Treasury bond currently pays 2.4%, and a typical stock has a dividend yield under 2%. So what do you do if you’re in charge of the system’s $10 billion in assets?
Continued stagnation in July.