As Brad Setser noted last month, US, Brazilian and Argentine soybean prices have converged, suggesting the end of arbitrage profits.
Glasnost In Wisconsin
After a hiatus of nearly 4 years, the Wisconsin Department of Revenue has resumed publication of the Wisconsin Economic Outlook, as of yesterday.
What Did $1.4 Billion Buy in Manufacturing Employment?
Not much…Wisconsin manufacturing employment up to February; January revised down…
Just So You Know: Watergate and Recession
Figure 1: Nonfarm payroll employment (blue, left log scale), industrial production (red, right log scale). NBER defined recession dates shaded gray. Source: BLS, Fed via FRED, NBER.
Update: Mr. Stephen Moore’s Peer Reviewed Journal Articles
Below are the peer-reviewed journal articles authored or co-authored by Stephen Moore, CNN “economic expert”:
This list might be incomplete.
His non-peer reviewed articles/books include the annually published Rich States, Poor States, and the associated Laffer-Moore-Williams economic outlook ranking. My assessment of the empirical relevance of their index is in this post.
Inversion!
Of the 10yr-3mo spread.
MMT for the ADD
I’ve written up a draft set of notes for my undergraduate macro students. Here is my interpretation of Modern Monetary Theory for them. Comments welcome. [Revised version incorporating comments now available here (3/26).]
NYC Minimum Wage Devastates NYC Employment in Sector X
On vacation!
Menzie might be abut slow on approving comments…and fixing errors and omissions…
Self-Professed Policy Analyst Predicts Minimum-Wage Induced Employment Disaster [CORRECTED]
[Graph corrected 3/18 of 3/15 post– apologies to all for the error of using NY-wide series in the earlier post] New York City. Inveterate commenter Steven Kopits cites an article from some publication called “Liberty Nation”: