CBO released its ten year outlook today (as did the IMF in the WEO January update). Continued but decelerating growth, slightly less optimistic than Administration, noticeably less than the IMF, and FT-Booth survey.
Category Archives: Uncategorized
Administration Forecast vs. FT-Booth, SPF vs. Nowcast
From the Economic Report of the President, 2025, forecast finalized 7 November 2024.
Impending Systemic Financial Crisis in Russia?
From Newsweek:
The President-Elect’s Economic Advisers
From Rappaport, Swanson, Duehren, in NYT yesterday, an interestingly monochromatic picture of the incoming economics team.
Guest Contribution: “Retrospective on the First Year of Trump’s Second Term”
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.
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: