Taking a break from recession talk, I discuss some aspects of the progress of economic integration highlighted in a paper by Bergin and Glick presented at a SCCIE–JIMF conference on Financial and Commercial Integrations.
Author Archives: Menzie Chinn
Further reflections on productivity and compensation trends
Another way to look at the relationship between productivity and real compensation.
Two Pictures and Prospects for the Dollar
The dollar weakens. Why? For how long? Against Whom?
Current Account Release for 2006q2
According to the BEA current account release (discussed by Bloomberg here) for the second quarter, net asset-based income on a Balance of Payments basis has been negative for the past three quarters.
Productivity and Compensation
A close-up picture
Measuring the U.S.-China trade balance
Some complications
The July 2006 Trade Release
How surprising?
“Job Creation Continues: More than 5.7 Million Jobs Created Since August 2003” — White House
Following up on Floyd Norris’s article on how slow employment growth has been during the current expansion, as well as numerous other comments on the Web, I examine other dimensions of labor market performance.
Ex post versus ex ante benefit-cost analysis: Iraq 2003-
Now that the long-delayed Senate report on pre-Iraq War intelligence has finally put the Republican imprimatur on the well-established fact that the case for Iraqi WMD’s had been hyped (as well as the absence of a Iraq-al Qaeda link), we can return our attention to a rational benefit-cost assessment for the invasion and subsequent occupation, ex ante as well as (quasi) ex post.
Trade Deficit Watch: 2006q2
Stabilization in the non-oil trade balance arrives. What needs to happen for adjustment to continue without a recession?