Ride-sharing services like Uber and Lyft are using a vastly more efficient technology for matching people who want a ride with people who want to drive them than was available when the taxi radio dispatch systems were set up in the 1940s.
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Wisconsin Employment Still Lags (Quelle Surprise!)
BLS just released state level data. Wisconsin employment nonfarm payroll employment is up, but remains below what is expected given the historical relationship between US and Wisconsin employment — by 63.2 thousand…
Guest Contribution: “Inequality: Diagnoses and Prescriptions”
Today we are pleased to present a guest contribution written by Jeffrey Frankel, Harpel Professor of Capital Formation and Growth at Harvard University, and former Member of the Council of Economic Advisers, 1997-99. This is an extended version of one published in Project Syndicate.
Text of Executive Order 9066
From The Hill:
Republican presidential front-runner Donald Trump echoed rival Ted Cruz on Tuesday in calling for patrols of Muslim neighborhoods in the U.S., and said the country must begin torturing terror suspects to get information out of them.
“The End of Research in Wisconsin”
That’s the title of a Slate article documenting the implications of recent policy actions implemented in the state of Wisconsin.
Recent moves in oil prices
Today I discuss the factors that brought oil prices so far down and more recently back up.
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Guest Contribution: “Did the Markets Overlook Fed Bullishness in the March 16 FOMC Statement? “
Today we are pleased to present a guest contribution written by Jeffrey Frankel, Harpel Professor of Capital Formation and Growth at Harvard University, and former Member of the Council of Economic Advisers, 1997-99.
Not Quite: “…Wisconsin has left its former Democratic party-controlled (Midwest) peers behind”
One conservative meme is that Wisconsin’s apparently poor economic performance relative to other Midwest states is due to an inappropriate choice of reference dates; for instance, a year ago, Political Calculations made the assertion in the title, based on a July 2013 reference date. The logic?
Guest Contribution: “Liquidity Trap and Excessive Leverage: How Excessive Debt Hurts the Economy and Why to Curb It”
Today we are pleased to present a guest contribution written by Anton Korinek (Johns Hopkins Univ.) and Alp Simsek (MIT).
Far Left-Far Right Protectionist Dreams
As noted in this post, both Senator Sanders and Mr. Trump share a belief that China should be declared a currency manipulator, so that heavy tariffs can be imposed (Secretary Clinton’s position here). Not that it matters to either individuals’ beliefs, but — based on ongoing research I am conducting with Yin-Wong Cheung (CUHK) and Xin Nong (UW) — the evidence that China is currently manipulating its currency to keep it undervalued is not particularly persuasive.