The New York Times has an article in The Upshot today, which shows the yield curve over time in a nifty map. They also show the topography for yields in Germany and Japan.
Author Archives: Menzie Chinn
“Wisconsin job creation rank falls to 38th in U.S.”
That’s the title of an article by John Schmid and Kevin Crowe in the Milwaukee Journal Sentinel today, based upon just-released state level data on the Quarterly Census of Employment and Wages (QCEW):
Wisconsin gained 27,491 private-sector jobs in the 12 months from September 2013 through September 2014, a 1.16% increase that ties Wisconsin with Vermont and Iowa at a rank of 38th among the 50 states in the pace of job creation during that period.
Short Term Implications of the House Budget
The CBO took at face value the revenue and spending levels in the House Budget, FY2016, and assessed the impact on GNP per capita (remember, this is not a score, as there are few details on specific provisions to hit the targets). The impact is shown in Figure 2 from the CBO.
Some Implications of the Dollar’s Rise
Currency appreciation will be a drag; this implies a policy of slower monetary tightening is in order
“For a few dollars more: Reserves and growth in times of crises”
This paper, coauthored with Matthieu Bussière (Banque de France), Gong Cheng (European Stability Mechanism), and Noëmie Lisack (EUI), is now published and online.
Guest Contribution: “Nowcasting Global GDP Growth”
Today, we are fortunate to present a guest contribution written by Laurent Ferrara (Banque de France, Head of the International Macro Division) and Clément Marsilli (Banque de France, Economist at the International Macro Division). The findings, interpretations, and conclusions expressed in this article are entirely those of the authors. They do not necessarily represent the views of the Banque de France.
Wisconsin Employment Surge “Benchmarked” Away
Wisconsin private nonfarm payroll employment only 112.6 thousands (45%) below Governor Walker’s goal of 250,000 net new jobs.
Some Empirics Regarding Right to Work Laws
Wages in right to work states are lower than those others. After controlling for various factors, the gap remains.
Guest Contribution: “Analyzing Recent Trends in the U.S. Wealth Distribution”
Today we are fortunate to present a guest contribution written by Ricardo T. Fernholz, Assistant Professor of Economics at Claremont McKenna College.
Some Government Workers Will Get Pay Raises in Wisconsin
From State troopers who protect Governor given $4 an hour pay raise:
Just after Republican lawmakers announced they were rejecting raises for rank-and-file state troopers, Gov. Scott Walker’s administration granted $4-an-hour raises to the State Patrol officers
responsible for protecting the governor.…