No catch-up in sight for Wisconsin with Minnesota [1] (or the Nation, for that matter)
Author Archives: Menzie Chinn
IMF World Economic Outlook Released
From the IMF:
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The Unfootnoted Assault on the Minimum Wage Increase – Wisconsin Edition
The Wisconsin Manufacturers and Commerce group has a recent piece, written by Scott Manley (VP), highlighting negative impacts of a minimum wage increase. I have attempted to track down the numbers cited. It has been an illuminating experience.
What Happened When Government Spending Rose … and Fell in WW II?
After government spending fell, industrial production, GDP, and consumption decline, and unemployment rises.
Reader Patrick R. Sullivan tries to argue that the US economy boomed immediately after the reduction in government spending at the end of World War II.
Employment Growth Up
BLS reports nonfarm payroll employment up by 192 thousand, and prior months revised up.
The Ryan Plan: Assume a Can Opener, Yet Again
(The can opener reference can be understood by clicking here)
The budget proposed by Representative Ryan touts the pro-growth impacts of deficit reduction ($5.1 trillion over ten years, according to Table S-2). It is instructive to actually read the documents that Representative Ryan’s budget cites (as it has in the past — read about the Heritage CDA previous assessments [1] [2], as well as Representative Ryan’s previous attempt to use CBO documents to lend a patina of respectability to his projections).
Guest Contribution: “Commodity-Price Comovement and Global Economic Activity”
Today we are fortunate to have a guest contribution by Ron Alquist, Policy Adviser at the Bank of Canada, and Olivier Coibion, Assistant Professor at the University of Texas, Austin. The views expressed here are those of the authors and should not be interpreted as representing the views of the Bank of Canada or any other institution with which the authors are affiliated.
Revised and Updated Data Indicate Minnesota-Wisconsin Economic Activity Gap Increases
Philadelphia Fed revised coincident indices released today show the cumulative Minnesota-Wisconsin gap (since January 2011) has grown to 2.3% (as of February, in log terms).
Data Paranoia Watch: ACA Edition
Senator Barraso (Republican-Wyoming) follows in the fine tradition of Allen West in charging a conspiracy so vast…
Faith and Econometrics: Minimum Wage Edition
Why bother with econometrics when revealed truth will do?