Rising Predictive Power?
Author Archives: Menzie Chinn
Slow and Steady Employment Growth Continues
Plausible and Implausible Explanations for the lagging pace of growth
From Wisconsin Idea to Wisconsin …Something
Some implications of current legislative actions for the conduct of University of Wisconsin system research
From The Isthmus today:
The two-sentence amendment to the budget was part of an omnibus motion that was introduced by the Republican co-chairs of the state Legislature’s Joint Finance Committee and passed just before 6 a.m. It reads:
“Prohibit the Board of Regents from permitting the Center for Investigative Journalism to occupy any facilities owned or leased by the Board of Regents. In addition, prohibit UW employees from doing any work related to the Center for Investigative Journalism as part of their duties as a UW employee.”
“Global Spillovers and Economic Cycles”
That was the title of an illuminating EABCN/CEPR/Banque de France/European University Institute conference I attended last week (organized by Philippe Bacchetta, Laurent Ferrara, Jean Imbs, and Massimiliano Marcellino). The program is here, and papers here.
Wisconsin Economic Activity: April 2013
The Philadelphia Fed’s coincident indices for April are out (h/t Mike Ivey). Wisconsin economic activity as measured by this index continues to surprise, but not in a good way.
Spurring growth in an era of constraints
From 30 ‘Memos to the Left’ entitled ‘Progressive Governance: The Politics of Growth, Stability and Reform’.
For over four years, the economies of the Euro zone, the UK, US and Japan have been mired in a slow and hesitating recovery from the deepest recession since the Great Depression. In the beginning, policymakers responded aggressively to both the illiquidity and insolvency problems in the financial systems, and the collapse in aggregate demand. …
“Can Japan Export Its Way to Recovery?”
From an article with Isao Kamata, in the Spring 2013 La Follette Policy Review:
Wisconsin Employment Situation in April
Newly released BLS data indicate an absence of strong employment growth.
Are There Reasonable Approaches to Fiscal Consolidation?
According to the CBO, under the President’s budget, the deficit hovers around 2% of GDP, and debt-to-GDP stabilizes through 2023 at levels lower than today’s.
Koch’s Coke
…in Detroit
Here is striking photo of a pile of by-product of processing Canadian tar sands oil, from NY Times: