My former colleague George Borjas has a notion that he might get more traffic for his new blog if he discusses the economics of Paris Hilton.
You think he’s right?
Author Archives: James_Hamilton
Gouge this
Maybe you think you know what I’m going to say about the Federal Price Gouging
Prevention Act. So I’ll surprise you by only saying nice things about the bill.
Not dead yet
We’re still not seeing the deterioration in economic conditions that some had been expecting.
Econbrowser: The Movie
I appeared this week on our local PBS television station to talk about ethanol subsidies (one of my favorite rants). If you’re interested, you can watch a 5-minute broadcast of that interview via KPBS Full Focus.
Who should pay this bill?
I suggested a few weeks ago that rising crude oil prices along with seasonal demand and fuel requirements were the primary cause of this spring’s hike in U.S. gasoline prices. As Menzie noted yesterday, refining margins are clearly also now making an additional contribution. Which reminded me to look into the current status of the now decade-long effort of Arizona Clean Fuels to try to build a new refinery.
Peak oil in America
The following is an article I prepared for the Peak Oil Review, which is produced by the Association for the Study of Peak Oil and Gas.
Bernanke on subprime mortgages
If Bernanke isn’t worried about subprime mortgages, should you be?
New study of the effects of oil price shocks on the economy
University of Michigan Professor Lutz Kilian, whose research we’ve often highlighted here ([1], [2]), and Michigan Ph.D. candidate Paul Edelstein have an interesting new paper on how energy price changes affect the economy.
Northern Ghawar is in decline
If you end up being surprised by the big story of the next decade, you can’t say, “nobody told us.” Instead you’ll have to say, “we didn’t listen.”