Today we are fortunate to have a guest contribution by Michael Weber, assistant professor at the University of Chicago’s Booth School of Business. This post is based upon a paper, co-authored with Francesco D’Acunto and Daniel Hoang.
Author Archives: Menzie Chinn
Kansas Macro and Fiscal Crash
Economic activity stalls, and the Republicans conclude that higher taxes are necessary for higher tax revenue.
[with update 6/2 on the April forecast]
Wisconsin GOP Targets Faculty Tenure
From Greg Neumann/WKOW:
“JFC” is Joint Finance Committee. The text of the motion is here. Stein and Herzog/Journal Sentinel here. The article notes the following contrast: “Minnesota raised taxes with part of the new revenue set aside for higher education.”
“Crony Capitalism”: Wisconsin Edition
RightWisconsin writes:
…crony capitalism is currently wreaking havoc on the conservative Republican brand of free markets and limited government.
Interest Rate Parity and Exogeneity
One of the enduring puzzles of international finance is the fact that the joint hypothesis of uncovered interest parity and rational expectations is consistently rejected, as evidenced by the coefficient estimates in the Fama regression.
Exchange Rate Regimes and the Global Financial Cycle
Relevant or Irrelevant?
Keine Roten Kartoffeln für Sie!
Auch keine Garnelen, in Wisconsin.* (Seriously! See page 3, line 9, and lines 14-15, in the bill) From the Milwaukee Journal Sentinel:
Under [the] bill, food stamp recipients could not use the program to buy crab, lobster, shrimp or other shellfish. Additionally, they would have to use two-thirds of their benefits on beef, pork, chicken, produce or foods that qualify for the federal Women, Infants and Children nutrition program. The remainder could be used on foods already allowed under the food stamps program, other than shellfish.
A Parsimonious Error Correction Model of Wisconsin Economic Activity
With implications for assessing Wisconsin post-January 2011.
Currency Misalignment: A Reprise
As the Congress debates currency manipulation [1], it occurs to me useful to reprise my earlier primer on currency misalignment (first published in March 2010), where misalignment is one component of some definitions of currency manipulation.
Is Wisconsin Outpacing Other States?
How well has Wisconsin economically performed, as compared to its neighbor Minnesota, and to the US overall: here are six pictures of economic activity, employment, unemployment, real personal income, gross state product, and median household income, with which to make an assessment.