I have been puzzling over the following remark by Cliven Bundy, who has objected to the granting of government subsidies while arguing for no-cost use of government lands. As quoted in Barro/NYT:
“Taper Tantrum or Tedium”
“How Will the Normalization of U.S. Monetary Policy Affect Latin America and the Caribbean?”
State Employment Trends: Does a Low Tax/Right-to-Work/Low Minimum Wage Regime Correlate to Growth – An Econometric Addendum
The previous post on state employment trends sparked some debate regarding the generality of the negative correlation between the ALEC-Laffer “Economic Outlook” ranking and economic growth, as measured by the Philadelphia Fed’s coincident index. One reader argued four observations were not sufficient to make a conclusion, and I concur. Here, without further ado, is the correlation for all fifty states.
“Financial Adjustment in the Aftermath of the Global Crisis 2008-09: A New Global Order?”
That’s the title of a conference that took place at USC this weekend, co-organized by Joshua Aizenman, Menzie Chinn and Robert Dekle, and cosponsored by the USC Center for International Studies, USC School of International Relations, Journal of International Money and Finance, and the Federal Reserve Bank of San Francisco.
State Employment Trends: Does a Low Tax/Right-to-Work/Low Minimum Wage Regime Correlate to Growth?
It’s interesting how “pro-business” policies do not appear to be conducive to rapid employment growth.
Impressions of Russia
My wife and I spent last week in Russia, giving some lectures at the New Economic School and the International College of Economics and Finance and touring Moscow and Saint Petersburg. Here are some of the things I saw that surprised me.
“The Oxford Handbook of the Economics of the Pacific Rim”
That’s a new volume out from Oxford University Press, co-edited by Inderjit Kaur and Nirvikar Singh.
ACA Insurance Coverage Cost Update from CBO
Estimated insurance coverage costs revised downward.
An Economic Sanctions Menu Targeting Russia
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.