How much of the US employment shortfall is due to trend factors?
Author Archives: Menzie Chinn
Unconventional Monetary Policy Effects on the Exchange Rate at the ZLB
The descent of interest rates to near zero in the advanced economies has prompted something of a rethink of how monetary policy can affect exchange rates.
A Message from the 2013Q1 Advance Release
Wisconsin: Economic Development
Measuring Financial Openness
Chinn-Ito Index Updated to 2011
Guest Contribution: “Fairness and Sustainability for Cyprus”
Today, we have a guest contribution from Marios Zachariadis, Associate Professor of Economics at University of Cyprus.
Wisconsin in March: Nonfarm payroll employment declines
Private nonfarm payroll employment growth near zero, and the level is about 70 thousand below the path implied by Governor Walker’s commitment to increase private sector employment by 250 thousand by 2015M01.
No Time for Austerity: US Edition
With unemployment at 7.6% and an output gap of around 6%, it’s (still) not the time to embark on front-loaded spending cuts in the United States.
“The Great Divergence of Policies”
From Box 1.1 (by M. Ayhan Kose, Prakash Loungani,
and Marco E. Terrones) in the newly released World Economic Outlook:
Gold Prices Falling
Was their rise caused by “bad policies”? And why are they falling now?