Q2 GDP will be released tomorrow morning, and Jim will be providing his insights on the numbers. Today, the IMF released its July 2021 World Economic Outlook forecasts, which gives us and opportunity to recap where we stand. [Updated 7/29, 1pm Pacific]
The upward trend in acres burned is shown below.
I was doing a review of measured economic policy uncertainty, and found an interesting divergence between the US and Europe:
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared at Project Syndicate. The underlying econometrics are spelled out in “The Virus, Vaccination, and Voting: An Econometric Analysis.” I am grateful for the excellent research assistance of Randy Kotti.