Today we are fortunate to have a guest contribution by Sam Williamson, Research Professor at University of Illinois, Chicago, and President of Measuring Worth.
Author Archives: Menzie Chinn
Guest Contribution: “The Myth of ‘Jobless Recoveries'”
(a.k.a. Okun’s Law is Alive and Well)
Today we are fortunate to have a guest contribution written by Laurence Ball (Johns Hopkins University), Daniel Leigh (IMF) and Prakash Loungani (IMF) .
Think Tanks in the Economics Profession (II)
Updating last year’s post, indicators via representation at the (now ongoing) Allied Social Sciences Association meetings.
The Economy’s Trajectory in 2013
The agreement arrived at on New Year’s day implies that output at the end of 2013 will be between 0.6 to 1.0 percentage points higher than it otherwise would be under what was until New Year’s, current law, according to CBO’s preferred multipliers. The uncertainty arises in part from the unresolved nature of the sequester deal.
The Year in Review II: Yet More Fantastical Pseudo Economics
Time to emulate the media’s “year in review” pieces, with my own take on the most outrageous, nonsensical assertions presented in the guise of analysis. Here are my ten most hilariously deluded excursions into the fantasy world from my postings to Econbrowser. The inspirations range from (once again) the Heritage Foundation’s analyses (where have you gone, Bill Beach!) to the ongoing search for hyperinflation/crowding out.
Metrics for the “Ever Expanding Government”
The latest in a series examining persistent macroeconomic myths [1]
Dragged to the Fiscal Slope
Implications of “I am not a member of an organized political party. I am a Republican.” (with apologies to Will Rogers)
Confusion in the Anti-Keynesian Ranks
Some people think that if one takes into account intertemporal dynamics, policy must necessarily be ineffective
Guest Contribution: “An assessment of the US jobless recovery through a non-linear Okun’s law”
Today, we are fortunate to have a guest contribution written by Laurent Ferrara (EconomiX-CNRS, University Paris West) and
and Valérie Mignon (EconomiX-CNRS, University Paris West and CEPII).
Heritage on Gun Control
From their website:
The wake of a violent tragedy is an appropriate time for reflection, investigation, prayer, and the promotion of healing. It is a particularly inappropriate time for political opportunism. …