We’ve been seeing oil over $100 a barrel and gasoline above $3.40 a gallon for much of the last 3 years. Those prices would have shocked many Americans a few years ago, but have now become the new normal. What has changed and what hasn’t as a result?
2013Q2: Faster GDP Growth
Messages from the external and government sectors
David Brooks on What Works and What Doesn’t
Or, it would be a better world if people who pronounced on policy measures knew something about policy efficacy
Most influential economics blogs
According to Onanalytica Indexes, it looks like you’re reading one of the ten most influential economics blogs.
Two Approaches to Fiscal Policy
Consider the following graph, with both series (coincident series for economic activity) normalized to 2011M01=0.
Dispatches XXVII: An Arrest at the Capitol
The geography of success
Weak U.S. economic growth continues to be discouraging. But it’s worth taking a look at a few places where things going well for America.
What Should Emerging Market Economies Do?
Some thoughts on how choices between monetary autonomy, exchange rate stability and capital account openness — and reserve accumulation/decumulation — relate to macro outcomes.
“A Forensic Analysis of Global Imbalances”
Just published in Oxford Economic Papers, a paper by Chinn, Eichengreen and Ito. From the abstract:
Asymmetries in Aggregate Supply in Two Frameworks
And Implications for Current Macro Policy