Nearly a year ago, Jeffry Frieden and I called for Conditional Inflation Targeting. Today, policy seems to have turned toward that direction. From today’s statement from the FOMC:
Author Archives: Menzie Chinn
The Slow Growth in Investment
One of the puzzles of the post-crisis period is why investment has been so slow. Some would want to resort to stories of uncertainty. Is there something to this idea? Figure 1 depicts the gross investment to net capital stock.
Why Worry about the Fiscal Slope?
Lessons from the American Recovery and Reinvestment Act (ARRA)
Or, cognitive dissonance in the conservative world
Fiscal Slope Negotiations in the Context of Current Expenditures and Current Receipts
The latter is stabilizing at extremely low levels.
What Would Happen
If the Bush tax cuts all lapsed?
Some Speculation Regarding Asian-American Voting Patterns in 2012
Noahpinion asks: “[W]hy did Asian-Americans break so strongly for Obama? I provide my (slightly different) answer.
What’s Up with Wisconsin Employment?
Civilian employment in Wisconsin is less than it was when Governor Walker took office in January 2011. In contrast, US employment is almost 3% higher.
Guest Contribution: “China’s Transition: Three Scenarios”
Today, we are fortunate to have a guest contribution written by Phillip Swagel, Professor in International Economic Policy at University of Maryland’s School of Public Policy, and formerly Assistant Secretary for Economic Policy at the Treasury Department (December 2006 to January 2009).
CBO: “What Accounts for the Slow Growth of the Economy After the Recession?”
“CBO estimates that about two-thirds of the difference between the growth in real GDP in the current recovery and the average for other recoveries can be attributed to sluggish growth in potential GDP.”
Guest Contribution: Gridlock in Europe
The Rise and Fall of the IMF’s Reputation
Today we are fortunate to have as a guest contributor Joseph Joyce, Professor of Economics at Wellesley College, and author of the new book, The IMF and Global Financial Crises: Phoenix Rising? (Cambridge University Press).