From the folks who brought you Cash for Clunkers.
Author Archives: James_Hamilton
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?
Will rising oil prices derail the recovery?
Last April I described new research on the role of oil prices in the recent recession. Here’s an update on what’s happened since then.
Consequences of the Lehman failure
William Sterling of Trilogy Global Advisors has an interesting new paper on the abrupt changes in financial markets subsequent to Lehman’s bankruptcy on September 15, 2008.
Current economic conditions
The U.S. recovery is underway. But so far it doesn’t look as strong as we had been hoping.
A welcome GDP report
The Commerce Department reported today that the seasonally adjusted real value of the nation’s production of goods and services grew at a 3.5% annual rate during the third quarter, a little better than the 3.2% average seen since 1947.
Improving financial regulation and supervision
There were some other very interesting presentations at the conference hosted by the Federal Reserve Bank of Boston last week. Fed Chair Ben Bernanke spoke on Financial Regulation and Supervision after the Crisis while Princeton Professor Alan Blinder’s message was It’s Broke, Let’s Fix It: Rethinking Financial Regulation. Here I summarize four key reforms these speakers addressed.