That’s a question recently taken up by
the Wall Street Journal. Here are my thoughts.
Author Archives: James_Hamilton
College football playoffs
Commodity prices and the Fed
I’ve been discussing possible explanations for the recent tendency of the dollar prices of commodities to move together. On Friday we received a very useful data point for distinguishing between the different hypotheses.
Deficit links
Some quick excerpts of what others are saying.
Anemic recovery
Recent indictors continue to support the impression that we’re in the midst of a weak economic recovery.
Cash for appliances
From the folks who brought you Cash for Clunkers.
Yes the future deficits are worrisome
Factors in local house price declines
UCSD Ph.D. candidate Sam Dastrup has completed a very interesting study with his advisor Professor Richard Carson of what accounts for differences across U.S. communities in the magnitude of the decline in real estate prices that we’ve seen over the last several years.
Receiver operating characteristics curve
Travis Berge and Oscar Jorda of the University of California, Davis have an interesting new paper on statistical criteria for distinguishing economic expansions from recessions.
Commodity inflation
Why are the prices of so many commodities rising in an economy that seems to remain quite weak?