I was running out of vocabulary last month to describe just how bad October was for the domestic automakers. But whatever you want to say about October, November was significantly worse.
Author Archives: James_Hamilton
TIPS yields
Greg Mankiw notes some odd behavior this week in the values reported by the U.S. Treasury for the yields on constant-maturity Treasury Inflation Protected Securities.
Podcast on the Federal Reserve
I did a long interview today with Tom Keene of Bloomberg Radio on the current recession and Federal Reserve policy. You can listen to it by clicking here.
It’s official
The Business Cycle Dating Committee of the National Bureau of Economic Research announced today that the eleventh U.S. postwar recession began in December of 2007.
So long, Tanta
Doris Dungey, who had been known to me only as the contributor Tanta to the Calculated Risk blog, has died from cancer at the age of 47.
The more the merrier
How many economic-advice-giving organizations does it take to run a White House?
Obama’s economic plans
President-elect Barack Obama today announced more details of the economic team that will be advising the new president. I find these quite encouraging.
Time for a change at the Fed
Plan A didn’t work. Plan B didn’t work. I suggest the Fed get going on Plan C.
The check is in the mail
Falling gasoline prices will provide some stimulus to the economy. But how much?
The anomalous fed funds market
Some further thoughts on the bizarre behavior of the interest rate that used to be the core instrument of U.S. monetary policy.