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Econbrowser

Analysis of current economic conditions and policy

ACA Insurance Coverage Cost Update from CBO

Estimated insurance coverage costs revised downward.

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This entry was posted on April 15, 2014 by Menzie Chinn.

An Economic Sanctions Menu Targeting Russia

As Russia fosters heightened instability in the eastern portions of Ukraine [0], we should be considering what methods will impose maximum pain on Russian policymakers. Already, the Russian economy has taken a hit, even while in an already fragile state.[1] [2]

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This entry was posted on April 13, 2014 by Menzie Chinn.

Global Supply Chains and Macroeconomic Relationships in Asia

The increase in vertical specialization in Asia has implications for the strength of linkages between the region’s economies, and the tendency to manage intra-regional exchange rates.

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This entry was posted on April 13, 2014 by Menzie Chinn.

Dispersion in Price Trends in the Euro Area

Recent indications are that, in the face of declining inflation, ECB President Draghi is considering embarking upon quantitative easing. Despite the technical difficulties accompanying such a measure [0] [1] I believe additional stimulative measures are nonetheless called for.

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This entry was posted on April 10, 2014 by Menzie Chinn.

Wisconsin Economic Activity Forecasted to Lag

No catch-up in sight for Wisconsin with Minnesota [1] (or the Nation, for that matter)

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This entry was posted on April 9, 2014 by Menzie Chinn.

IMF World Economic Outlook Released

From the IMF:
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This entry was posted on April 8, 2014 by Menzie Chinn.

The Unfootnoted Assault on the Minimum Wage Increase – Wisconsin Edition

The Wisconsin Manufacturers and Commerce group has a recent piece, written by Scott Manley (VP), highlighting negative impacts of a minimum wage increase. I have attempted to track down the numbers cited. It has been an illuminating experience.

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This entry was posted on April 7, 2014 by Menzie Chinn.

2014 Econbrowser NCAA tournament challenge winner

Congratulations to James Gualtieri, winner of the world famous Econbrowser NCAA tournament challenge.

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This entry was posted on April 7, 2014 by James_Hamilton.

The effectiveness of unconventional monetary policy

Last week ECB President Mario Draghi revealed that the European Central Bank has been considering large-scale asset purchases as a tool to prevent European inflation from falling too far below the ECB’s target rate of 2%. What is the evidence for the effectiveness of these policies, and are there any risks?

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This entry was posted on April 6, 2014 by James_Hamilton.

What Happened When Government Spending Rose … and Fell in WW II?

After government spending fell, industrial production, GDP, and consumption decline, and unemployment rises.

Reader Patrick R. Sullivan tries to argue that the US economy boomed immediately after the reduction in government spending at the end of World War II.

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This entry was posted on April 4, 2014 by Menzie Chinn.

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Authors

James D. Hamilton is Professor of Economics at the University of California, San Diego

Menzie Chinn is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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