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 on March 21st.
Why Haven’t Soybean Futures Recovered?
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…