Reader Bruce Hall brings our attention to the performance of Swedish GDP, given the pandemic response they have adopted – comparing against UK, Germany, France and UK. My guess is that he wanted to show the tradeoff between lives lost and growth. Personally, I think the Sweden vs. next-door-neighbor Norway comparison is at least as interesting.
CDC Covid-19 Fatality Count and Excess Deaths
CDC has released data through 15 August as of today.
Twenty Years of GDP, and Other Random Graphs
As I was prepping slides for my macro policy course, I generated this graph:
Recovery Forecasts and Nowcasts
Guest Contribution: “The Significance of Gold’s Record $2,000 Price”
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. A shorter version appeared in Project Syndicate.
Guest Contribution: “The Fiscal Effects of the Covid-19 Pandemic on Cities: An Initial Assessment”
Today we are fortunate to present a contribution written by Andrew Reschovsky, Professor Emeritus of Public Affairs and Applied Economics at the University of Wisconsin-Madison.
No V for Thee (i.e., we’re not going to get 49% SAAR)
From Reuters:
“I think the economy is on a self-sustaining recovery and it’s a V-shaped recovery.”
Contemplating the (No Deal) Cliff
The recovery package cliff, that is. DeutscheBank research outlines what they think is likely (baseline) and what a no-deal means for disposable personal income.
Howlers
Some people say the craziest things:
July Wisconsin Employment Report Released
Figure 1: Nonfarm payroll employment in Wisconsin, June release (brown), July release (pink), Economic Outlook forecast of June (teal), author’s forecast based on national employment (brown box), in 000’s, s.a. Source: BLS, DWD, Wisconsin Economic Outlook (June 2020), and author’s calculations.