RightWisconsin writes:
…crony capitalism is currently wreaking havoc on the conservative Republican brand of free markets and limited government.
Gasoline prices and consumer sentiment
U.S. retail gasoline prices last week averaged over $2.80 a gallon, thirty cents higher than a month ago. The preliminary University of Michigan index of consumer sentiment for May was 88.6, down 7 points from the month before. Are these two developments related?
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Interest Rate Parity and Exogeneity
One of the enduring puzzles of international finance is the fact that the joint hypothesis of uncovered interest parity and rational expectations is consistently rejected, as evidenced by the coefficient estimates in the Fama regression.
Exchange Rate Regimes and the Global Financial Cycle
Relevant or Irrelevant?
UCSD Chancellor’s Associates Award
I was recently honored to receive the UCSD Chancellor’s Associates Award for Excellence in Research and Social Sciences. Here’s a video they made for the event.
Keine Roten Kartoffeln für Sie!
Auch keine Garnelen, in Wisconsin.* (Seriously! See page 3, line 9, and lines 14-15, in the bill) From the Milwaukee Journal Sentinel:
Under [the] bill, food stamp recipients could not use the program to buy crab, lobster, shrimp or other shellfish. Additionally, they would have to use two-thirds of their benefits on beef, pork, chicken, produce or foods that qualify for the federal Women, Infants and Children nutrition program. The remainder could be used on foods already allowed under the food stamps program, other than shellfish.
A Parsimonious Error Correction Model of Wisconsin Economic Activity
With implications for assessing Wisconsin post-January 2011.
Currency Misalignment: A Reprise
As the Congress debates currency manipulation [1], it occurs to me useful to reprise my earlier primer on currency misalignment (first published in March 2010), where misalignment is one component of some definitions of currency manipulation.
Is Wisconsin Outpacing Other States?
How well has Wisconsin economically performed, as compared to its neighbor Minnesota, and to the US overall: here are six pictures of economic activity, employment, unemployment, real personal income, gross state product, and median household income, with which to make an assessment.
Guest Contribution: “New Improved Trade Agreements”
Today we are fortunate to have 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 post is an extended version of an earlier column at Project Syndicate.