Today we are fortunate to have a guest contribution written by Jeffrey Frankel, Harpel Professor of Capital Formation and Growth at Harvard University, and former Member of the Council of Economic Advisers, 1997-99. This post is an extended version of an earlier column at Project Syndicate.
Author Archives: Menzie Chinn
When Will the Governor’s Promise of 250,000 New Private Sector Jobs Be Achieved?
Not within the next couple of years, according the Walker Administration’s Wisconsin Economic Outlook, released today.
April Employment Situation: Revisions, Energy Extraction, Manufacturing
The April Employment release confirmed continued growth in total and private employment. My observations: some modest downward revisions, and some sectoral trends diverge.
Guest Contribution: “Asia Games: Not Zero-Sum”
Today we are fortunate to have a guest contribution written by Jeffrey Frankel, Harpel Professor of Capital Formation and Growth at Harvard University, and former Member of the Council of Economic Advisers, 1997-99. An earlier version of this post appeared at Project Syndicate.
Trade (Head)Winds
Chinn-Ito Financial Openness Index Updated to 2013
The Chinn-Ito index revised and updated to 2013 is now available here.
Kansas Short Term Economic Outlook: Not So Great
Here’s the Philadelphia Fed’s revamped coincident index and the six month forecast for Kansas economic activity.
Newly Revamped Coincident Indices Indicate … Wisconsin Still Lags
and is forecasted to continue to lag.
What Remains of the High Policy Uncertainty-Lagging Investment Thesis?
The abstract from the recent IMF’s World Economic Outlook chapter on investment:
Private fixed investment in advanced economies contracted sharply during the global financial crisis, and there has been little recovery since. … business investment accounts for the bulk of the slump, and the overriding factor holding it back has been the overall weakness of economic activity. In some countries, other contributing factors include financial constraints and policy uncertainty. These findings suggest that addressing the general weakness in economic activity is crucial for restoring growth in private investment.
Foreign Reserve Accumulation Tails Off
And actually decline, in dollar terms.