The Federal budget has just had a big hole blown in it, thanks to the Tax Cuts and Jobs Act and the last omnibus spending bill, the both the Fed and foreigners (including central banks) are no longer adding to their holdings of Treasurys.
Continue readingScott Walker Lies (Yet Again)
About taxes and revenues and growth. He just can’t stop lying.
Continue readingRandom Sunday Observation on the Compositional Attributes of the Econoblogosphere
The economics blogosphere, as listed in several lists of “top blogs” is remarkably monochromatic, and male.
Continue readingScott Walker Tweets on Job Creation
From twitter:
Continue readingWhat a Confidence Interval Is Not
Ever since I read the hysterically incorrect interpretation of a confidence interval from a person who purports to be a policy analyst, I’ve been looking for a succint explanation from a statistician, as a handy reference. Here it is (h/t David Giles via Mark Thoma):
“Go back to Puerto Rico”
“Republican Rep. Jason Smith yelled a potentially racially charged remark across the aisle as Democratic Rep. Tony Cárdenas was at the podium.” (Roll Call)
Continue readingThis Is Winning?
The November trade release on US-China trade:
Continue readingGuest Contribution: “Can Specialization Patterns and Trade Costs Account for External Balances?”
Today, we are pleased to present a guest contribution written by Emine Boz (IMF), Nan Li (IMF) and Hongrui Zhang (IDB). The views expressed herein are those of the authors and should not be attributed to the IMF, IDB, their Executive Boards, or the managements of those organizations.
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“International spillovers of monetary policy through global banks”
That’s the title of a special issue of the Journal of International Money and Finance that’s just been published.
Continue readingThe Modified Yield Curve and Growth Prospects through 2019
It’s kind of limiting to look only at recessions as predicted by the yield curve. What about growth?
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