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Author Archives: James_Hamilton
Implementing monetary policy in 2016
On Wednesday the Federal Reserve announced that it is increasing its target for the fed funds rate to a new range of 25 to 50 basis points (0.25% to 0.5% annual rate). How does the Fed plan to accomplish this, and what does it mean for other interest rates?
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Links for 2015-12-13
Quick links to a few items I found interesting.
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Factors in long-term unemployment
The BLS reported on Friday that the U.S. unemployment rate was down to 5% in October and November, its lowest level since 2008.
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Commodity prices and exchange rates
The dramatic decline in the prices of a number of commodities over the last 16 months must have a common factor. One variable that seems to be quite important is the exchange rate.
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Trends in oil production
World field production of crude oil increased 2.9 million barrels a day in the 12 months ended last July. That compares with a 3.6 mb/d increase over the entire nine years from Jan 2005 to Dec 2013.
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Preparing for lift-off
The strong October employment report makes it look likely that the era of zero interest rates will soon come to an end, at least for the United States.
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U.S. economy keeps growing
The Bureau of Economic Analysis announced yesterday that U.S. real GDP grew at a 1.5% annual rate in the third quarter. Although the headline number sounds disappointing, the underlying fundamentals look solid.
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My experience with Uber
I’ve recently started using Uber for transportation when traveling and wanted to share some of my impressions.
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Links for 2015-10-18
Quick links to a few items I found interesting.
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