I’m just back from Japan, where disappointing GDP statistics have reinforced the fact that the economy is still far from full recovery.
Author Archives: Menzie Chinn
Counterproductive Tendencies in Wisconsin Policy Debates
Reader John (sometimes Jack), who disapproves of my posts on Wisconsin, politely asks:
Dr Chinn,
Would you be willing to flesh out your background so as to better understand your positions in your research and blog postings?
Where were you born?
Where were your parents born?
Do your parents espouse your same political leanings?
Do you intend to remain in Wisconsin after you retire?
If not, where do you intend to move to?
Guest Contribution: “(Taylor) Rules versus Discretion”
Today, we’re fortunate to have Alex Nikolsko-Rzhevskyy, Assistant Professor of Economics at Lehigh University, David Papell and Ruxandra Prodan, Professor and Clinical Assistant Professor of Economics at the University of Houston, as Guest Contributors.
Ever Expanding Government Employment
…in the minds of the too-busy-to-consult-data, but have time to comment on blogs
Why Is Inflation So Low?
For some people this is a tough question; that’s because they’re using the wrong framework
Exchange Rates: What Exactly Are Those “Factors”?
One of the things that mystifies me is a branch of the asset pricing literature which models exchange rates as a function of a “factor” or “factors”. It’s not that I don’t think they make sense, statistically; it’s that my mind wants to know what those “factors” are.
Prescience, 2007 edition
Having coauthored an entire book on the financial crisis of 2008 (Lost Decades, with Jeffry Frieden) I think that one of the most important qualities for a policymaker is the ability to look forward, and assess potential dangers and understand why those dangers arise. Looking back to 2007, it’s of interest to see who foresaw the impact of adverse feedback loops in the financial system as risk was repriced.
Some Thoughts on Recent Chinese GDP Growth
It’s an understatement to say there has been a lot of dismay at the drop in Chinese year-on-year GDP growth, from 7.7% to 7.5%. Figure 1 below, from the IMF’s Article IV report released on July 17, shows data only through 2013Q1, although the forecast for 2013Q2 looks about right to me.
The Wisconsin Economic Outlook: July 2013
Key numbers: 79 thousands and 81 thousands
It’s Been a Hot July
As noted by NBC News, but it’s absolutely, positively, definitely got nothing to do with global climate change (!!!).