As the U.S. economy returns to healthier growth, many of us expected long-term interest rates to return to more normal historical levels. But the general trend has been down since the end of the Great Recession. The 10-year rate did jump back up in the spring of 2013. But during most of this year it has been falling again.
Quantitative Implications of Wisconsin Quarterly Census of Employment and Wages
No succor from the QCEW series that the Walker Administration previously touted [1]
Wisconsin Forecasted to Lag Further Behind Minnesota
And Kansas travels its own path
“U.K. Wants EU to Block Russia From SWIFT Banking Network”
From Bloomberg::
The U.K. will press European Union leaders to consider blocking Russian access to the SWIFT banking transaction system under an expansion of sanctions over the conflict in Ukraine, a British government official said.
Russian Forces in Ukraine
Edit/update 8/30:
T72BM (only known to be in service in the Russian army) in Ukraine, 8/26. Source: IISS
Guest Contribution: “The Cause of Secular Stagnation? Relative Prices, Trade, and the People’s Republic of China”
Today we are fortunate to have a guest contribution written by Doug Campbell, assistant professor at the New Economic School (Moscow).
I Killed Some Brain Cells Today: Episode 2
“Energy regulation efficiency” and economic growth.
Last time, we turned to the Phoenix Institute for some mind-numbing, soul-killing “research”. Today we look to the Pacific Research Institute for some dumbfounding “analysis”.
What did quantitative easing accomplish?
Roger Farmer has taken a new look at an issue concerning the Federal Reserve’s program of large-scale asset purchases (referred to in the popular press as “quantitative easing”) that I’ve been discussing on Econbrowser and in my research with University of Chicago Professor Cynthia Wu for some time.
New Quarterly Gross State Product Series: Wisconsin and Minnesota
The BEA has released a new quarterly Gross State Product (GSP) series for states — a tremendous innovation for those of us interested in tracking state economies.
Chinn-Ito Financial Openness Index Updated to 2012
The Chinn-Ito index revised and updated to 2012 is now available here.