Here are GDP series for Wisconsin, as compared to Minnesota and the Nation, normalized to 2011Q1 when Governor Walker took office. I’ve indicated the implementation of the Manufacturing and Agriculture Credit, and percentages, as well.
Tax Preferences for Manufacturing and Manufacturing Value Added in Wisconsin
State level data for GDP in 2017Q3 were released yesterday. This is an opportunity to evaluate the progress of manufacturing value added (as opposed to employment) in Wisconsin after passage of the Manufacturing and Agriculture Credit (MAC).
California in Recession? (Part II)
The release of labor market indicators suggests not, contra some recent commentary.
Figure 1: California civilian employment over age 16 from household survey (black), nonfarm payroll employment (dark blue), private nonfarm payroll employment (pink) from establishment survey, all in thousands, seasonally adjusted, on log scale. NBER defined recession dates shaded gray. Source: BLS and NBER.
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Guest Contribution: “Three Candidates for Fed Vice-Chair”
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.
World Economic Outlook Update: Upwardly Revised Growth, Rising Risks?
The IMF released an update to WEO today:
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Guest Contribution: “Trump’s Tax Cut Will Worsen the US Current Account Deficit”
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. This is an extended version of a column that appeared at Project Syndicate on January 15th.
Wisconsin Nonfarm Employment Flat
Today, the DWD released statistics for December here. Total nonfarm payroll declined slightly, private increased slightly. The cumulative gap with respect to Minnesota (and the US) widened in both cases.
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Ruminations about What (and How) to Post in the Current Times
Reader rtd admonishes me:
Someone with your smarts & level of education should be able to ignore these types of political rhetoric & certainly not induce you to create a blog post devoted to such atrocious comments & lunacy (particularly considering, as you’ve explicitly noted in the past, that you hold your readers to a relatively high regard as it relates to their intellectual capabilities). Unfortunately your (persistent) biases & subjectivity don’t seem to allow you to take the high road
He’s writing in response to the December 2015 post entitled NYT: “Donald Trump Calls for Barring Muslims From Entering U.S.”. At the time, I re-worded the Chinese Exclusion Act of 1882 to fit then-candidate-Trump’s call.
Now, in the context of the Mr. Trump’s recent discussion of determining immigration and refugee status, rtd says, don’t sink to the level of Mr. Trump’s terminology of “s***hole” countries, as Mr. Trump considers what legislation he is willing to sign.
I will admit in these changed times, it is hard to stomach much of the language being used (it’s not how my parents taught me to speak) — as well as the intent behind this language. The question is, if Mr. Trump is saying he’s going to do X, shouldn’t we consider outcomes if he does X (taking into account that within the first week of his administration, he did try to ban residents from several majority Muslim countries from entering the country — and finally managed to)? In other words, will ignoring coarse language and intent make those things disappear?
My answer is no.
Market Expectation of Shut Down on 1/22 (Monday) Breaks 50-50
according to PredictIt as of 4:35PM Central.
Guest Contribution: “Inequality Falls Globally, Even as it Rises Within-Country”
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..