Today, we are fortunate to present a guest contribution written by Ashoka Mody, Charles and Marie Visiting Professor in International Economic Policy, Woodrow Wilson School, Princeton University. Previously, he was Deputy Director in the International Monetary Fund’s Research and European Departments.
December coincident indices from the Philadelphia Fed are out. Time to re-evaluate this assessment from a year ago in Political Calculations that California was in recession.
Going by these [household survey based labor market] measures, it would appear that recession has arrived in California, which is partially borne out by state level GDP data from the U.S. Bureau of Economic Analysis. [text as accessed on 12/27/2017]
The release provides an opportunity to revisit this question (the December employment figures are discussed here). It’s (still) unlikely that a recession occurred in 2017. However, growth has decelerated at the end of 2018.
Continue readingShort term growth prospects are “baked in”, from the Walker/Vos/Fitzgeral regime. Interestingly, we have mixed signals from economic indicators (and no signal from some that are delayed — thanks, Trump!).
Continue readingFrom NYT, “Foxconn Is Reconsidering Plan for Wisconsin Factory“:
Continue readingFoxconn, the giant Taiwan-based company that announced plans for a $10 billion display-making factory in Wisconsin, now says it is rethinking the project’s focus because of “new realities” in the global marketplace.
Today, we are pleased to present a guest post written by Charles Engel, Professor of Economics at the University of Wisconsin, Madison.
Below are the peer-reviewed journal articles authored or co-authored by Stephen Moore, CNN “economic expert”:
This list might be incomplete.
Today we are pleased to present a guest contribution written by Carlos Vegh (Chief Economist), Guillermo Vuletin, Daniel Riera-Crichton (economists), Juan Pablo Medina (consultant), Diego Friedheim, Luis Morano, and Lucila Venturi, in the World Bank’s Latin America and the Caribbean unit. The views expressed herein are those of the author and should not be attributed to the World Bank, its Executive Board, or its management.
I’m talking Stephen Moore. From CNN Business (1/24):
Continue readingToday, 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. A shorter version appeared in Project Syndicate on January 26th.
In the likely event that Mexico does not provide the funds to build “a beautiful big wall” on our southern border, will Mr. Trump declare a national emergency and redirect funds? Mr. Trump has mentioned diverting monies from Puerto Rico recovery.
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