Often after a sharp economic downturn we observe an equally dramatic recovery. But nobody can claim to be seeing that so far in the currently available data.
Author Archives: James_Hamilton
More on bank lending data
Further evidence on the decline in bank lending.
Supply, demand, and the price of oil
Do recently rising oil prices signal a resurgence of economic growth?
Clive W. J. Granger, 1934-2009
It is with great sadness that I report that Sir Clive Granger passed away last night. He had been a wonderful colleague and good friend.
More papers on the credit crunch
Links to some interesting papers that I recently read.
Link to JEC video
The Joint Economic Committee has now posted a video of yesterday’s hearing on oil and the economy. My statement starts at about 11 minutes.
Rising world oil demand and the U.S. economy
This morning, the Joint Economic Committee of the U.S. Congress took up the implications of rising world oil demand for the U.S. economy. I was invited to participate along with Daniel Yergin, Co-Founder and Chairman of Cambridge Energy Research Associates.
I have some more discussion at the Washington Post as well as the following links: