Even if the new Medicare prescription drug plan’s implementation improves, that’s just the beginning of our problems.
Author Archives: Menzie Chinn
Long term prospects for U.S. net exports in perspective
Does the cross-border fragmentation of production mean that measured trade flows are irrelevant?
Trade figures for November
How good is the news, really?
Hazards of partial reading and partial equilibrium analysis
For some people, the answer to every problem is a tax cut
Government interest payments on the rise
Government interest payments are on their way up. Payments to non-residents are going up even faster.
Properties of Some Labor Market Indicators
The information content of the establishment vs. household-based employment series vs. hours worked.
The post-recession employment record
How well are workers doing?
What’s out there?
New IMF quarterly data on central bank reserve holdings
Current Account figures for 2005q3
Reading behind the numbers
October trade balance numbers
At the tail ends of the distribution of expectations