Ed Hanson argues that 2013 Gross State Product (GSP) data for 2013 will show a Wisconsin renaissance:
Author Archives: Menzie Chinn
Elevating the Minimum Wage, in Wisconsin and the Nation
With update links to CBO and the CEA comment on the minimum wage.
Despite the likely benefits, policymakers in Wisconsin make statements such as the following (from Fox6Now):
“I’m not a big supporter of artificially increasing the minimum wage. I think the marketplace is a much better way to go,” [Wisconsin Assembly Speaker Robin] Vos said.
Guest Contribution: “Unemployment and Unnecessary U-turns in Forward Guidance”
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.
Assessing the Widening Wisconsin-US Gap
The cumulative growth gap since January 2011 between the US and Wisconsin coincident indices was 2.2% in December. The forecast indicates a continued widening to 2.8% in six months time.
Observations on the GDP Release and the CBO Outlook
The output gap remains large, even as the external sector supports growth; this outcome is partly due to excessively rapid fiscal consolidation
Eswar Prasad on the “The Dollar Trap”
“[I]n the aftermath of the financial crisis, U.S. policies and a dysfunctional international monetary system have paradoxically strengthened the dollar’s importance.”
The Reliability of Chinese GDP, Again
Is growth really collapsing?
Interpreting Recent Emerging Market Currency Movements
Expectations of central bank policies are only part of the story
Wisconsin’s State of the State
Governor Walker delivered his State of the State address tonight (video here). From the press release:
“Tonight, we are laying out a plan to move Wisconsin further down the road to prosperity,” Governor Walker said. “Our friends and neighbors are going back to work and job creators are expanding their businesses. Thanks to sound fiscal management, I am proud to announce further tax relief for Wisconsinites and additional funding for worker training. We will continue to work diligently until everyone who wants a job can find a job.”
Guest Contribution: “The Impact of Exchange Rate Movements on Exports”
An Analysis of Indian Non-Financial Sector Firms
Today we are fortunate to have a guest contribution by Yin-Wong Cheung (HK City University) and Rajeswari Sengupta (Indira Gandhi Institute of Development Research). This post is based on their paper.