The latest U.S. economic indicators have taken a favorable turn.
Author Archives: James_Hamilton
On the burden of government debt
I didn’t have time for a lengthy discussion of this issue, so will have to settle for some quick links of interest.
Getting the U.S. economy growing
We can sit and wring our hands, or we can get to work.
U.S. net exports of petroleum products
One big story of 2011 was the United States switched from being a net importer to a net exporter of petroleum products. Here are the details behind that development.
European financial tensions and the Fed
U.S. monetary policy has gone through three distinct phases since 2008. We may be about to begin the fourth.
Costs and benefits of the Keystone XL pipeline
With new pressure on the Obama Administration to approve the Keystone Gulf Coast Expansion Pipeline, I thought it would be helpful to review some of the debate.
FOMC statement
The Federal Reserve still would like to do more, but not right now.
More on those secret Federal Reserve loans to banks
The claim that the Federal Reserve extended trillions of dollars in secret loans to banks continues to be spread. Here at Econbrowser we will continue to try to correct some of the misunderstanding that is out there.
Advice for the academic job market
For new econ Ph.D.’s about to look for a job, the University of Wisconsin has provided a short video of what you might expect when you give your first talk presenting your research to the faculty.
$7.77 trillion in secret Federal Reserve loans to banks?
I have been looking into the claim recently made by any number of internet sites (for example, here’s one of the many hundreds, if you insist on a link) that the Federal Reserve made $7.77 trillion in secret loans to banks. The claim is outrageously inaccurate, as I explain below.