Update of The Data Will Set You Free (in preparation for a new semester!)
Inflation: US vs. Euro Area and UK
We hear a lot about how expansionary US policy has led to accelerated inflation. Is that inflation much faster than what occurred in other regions? Consider the US, Euro Area and UK 3 month annualized consumer inflation rates (calculated as log differences).
Wisconsin Employment in December
DWD released December figures today.
EconoFact at Five
Tomorrow, January 20th, EconoFact celebrates its 5 year anniversary, providing non-partisan, incisive analyses on timely and important economic and social policy issues. It does so by bringing to the public debate the expertise of leading economists and social scientists via memos and podcasts.
“Covid Impact and Macroeconomic Policy in Asia”
That’s the title of a presentation at the ASSA meetings (YouTube video of the presentation is here) in the ACAES panel “Covid and Recovery in Asia” (see below). Calla Wiemer presented, and I discussed. [Updated 1/19, links to slides added]
Employer Power in Labor Markets, Measured
In recent exchange [1], some exhibited skepticism that monopsony power exists in labor markets. A recent article documents evidence that manufacturers exhibit such power. From Yeh (2022):
Global Economic Prospects – January 2022
From the World Bank report:
Correlations
Suppose the historical correlations between the 7 day moving average of covid deaths and hospitalizations and ICU beds holds. What does that imply for future trends in covid related deaths?
Taking the Value of a Statistical Life Calculation Seriously
It’s often said that economists know the price of everything and the value of nothing. Well, here goes anyway.
US Exports in the Wake of the Trade War
Compiling graphs for a trade course, and lo what did I see: