The latter is stabilizing at extremely low levels.
Author Archives: Menzie Chinn
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).
The Republican Joint Economic Committee Does Public Finance
Or, “Just because you can’t prove that the top marginal tax rate has a large impact on economic growth doesn’t mean that it doesn’t: just have faith!”
Maximizing GDP Growth with Minimal Budgetary Cost in the Face of the Fiscal Slope/Cliff
We can maintain momentum, while moving toward budget sustainability, by allowing the Bush tax rate cuts for incomes above $250,000 to expire
National Research Council: “Climate and Social Stress: Implications for Security Analysis”
”There is compelling reason to presume that specific failures of adaptation [to climate change] will occur with consequences more severe than any yet experienced, severe enough to compel more extensive international engagement than has yet been anticipated or organized.”