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Econbrowser

Analysis of current economic conditions and policy

Finding Your (Academic) Roots

There’s a nifty website where you can trace out the intellectual lineage of your favorite academic (or not so favorite, as the case may be). Here’s mine:

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This entry was posted on August 22, 2021 by Menzie Chinn.

GDP at Risk? (update)

An increasing amount of GDP is accounted for by counties with rising fatalities, a slight change from a couple weeks ago.

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This entry was posted on August 21, 2021 by Menzie Chinn.

How Long Can Florida’s Economy Grow with the Governor’s Current Public Health Measures Stance?

Actually, I should write “Anti-Public Health Measures Stance”… The CDC released the ensemble forecasts of 8/16 yesterday.

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This entry was posted on August 19, 2021 by Menzie Chinn.

The Wisconsin Employment Situation in July

Employment numbers for July were released for today.

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This entry was posted on August 19, 2021 by Menzie Chinn.

Forecaster Views on the Overheating Hypothesis

Earlier in the year, one fear was that excessive fiscal stimulus would push up inflation, push up long term yields. Professional forecasters don’t seem to view that outcome as imminent.

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This entry was posted on August 18, 2021 by Menzie Chinn.

X-Files, 2021 Edition

It seems every decade or so, there is a bout of paranoia about government statistics, to wit, a reader asserts the BLS is hiding data on median wages:

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This entry was posted on August 18, 2021 by Menzie Chinn.

The Outlook – The August Survey of Professional Forecasters

Growth prospects decelerate, while the CPI level looks higher, according to the August Survey of Professional Forecasters.

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This entry was posted on August 17, 2021 by Menzie Chinn.

Lumber Prices

Fell 34.3% (not annualized, in log terms) in July.

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This entry was posted on August 16, 2021 by Menzie Chinn.

Yet More Alternative Real Wage Series, through Time

From FRED: Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q), graphed along the familiar average hourly earnings per hour, total private industry, ex-nonproduction and supervisory workers, deflated by CPI:

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This entry was posted on August 16, 2021 by Menzie Chinn.

Average and Median Wages through Time

Reader JohnH criticizes the use of average wages as indicators of the representative compensation, and suggests use of Social Security Administration data. Here are several measures taken from SSA, deflated by the CPI.

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This entry was posted on August 15, 2021 by Menzie Chinn.

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Authors

James D. Hamilton is Professor of Economics at the University of California, San Diego

Menzie Chinn is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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Recent Posts

  • Where’s the Balance of Payments Emergency?
  • GDP continues to grow
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  • Is Housing the Business Cycle (in 2026)?
  • 2025 Trade Deficit at 2024 Levels

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Current Indicators

Econbrowser faces the data: (since  Feb 20, 2026)

Econbrowser recession indicator index: 1.8 (describes  2025:Q3)

The most recent U.S. recession began in 2020:Q1 and ended in 2020:Q2

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