Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. An earlier version appeared at Project Syndicate.
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Economic Report of the President, 2025
Rhodium Group: Another Estimate of Chinese GDP Growth
From Rhodium Group (h/t Stephen Nagy):
Teaching Macro Policy (Upper Division Undergrad), 2025
Iterating toward new readings for Econ 442 (Macroeconomic Policy). Last year I added to the undergrad course climate change and r*. Thanks for suggestions I asked for in this post. Here’s this year’s additions:
100% Tariffs on Goods from Denmark – Doubling the Price of Ozempic?
Per DJT. That’ll show those elitist diabetes/weight-loss drug consumers! Some back of envelope calculations for Wegovy and Ozempic (both manufactured by Novo Nordisk).
US Economic Policy Uncertainty: Buckle Up!
EPU through yesterday, and VIX as of 2pm today:
Teaching Macro, 2025
I’ve got undergrad upper division and MSc level macro courses (latter w/Charles Engel) to teach this spring (also a stats course, where I use lots of examples from comments as cautionary notes, [1], [2], [3], [4]). Last year I added to the undergrad course climate change and r*. This year, I’m taking suggestions.
“The economists’ word of the year”
From Kristin Schwab and Sofia Terenzio on Marketplace on New Year’s Eve:
Year in Review, 2024: Mendacity and Economic Incompetence, Equal Parts
I thought I was getting a little jaded, but the likes of Heritage Foundation’s EJ Antoni, the WisGOP, and Steve Kopits reaffirmed my faith in how much work remains.
Maheshri and Winston: “The U.S.’s Decades Long 2nd Great Depression”
In RealClearPolitics, a provocative thesis, from Vikram Maheshri (U. Houston) and Cliff Winston* (Brookings):