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Econbrowser

Analysis of current economic conditions and policy

CBO on Economic Costs of a Shutdown

Letter released today:

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This entry was posted on September 30, 2025 by Menzie Chinn.

Conference Board: “A sharp deterioration in consumers’ views of the current economic situation weighed on confidence”

Per release today. In standardized terms, U.Michigan Sentiment and Conference Board Confidence are at the same level in September.

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This entry was posted on September 30, 2025 by Menzie Chinn.

Douglas Holtz-Eakin on Trade and the Future of the Global Economy [updated]

In a discussion with myself and Aaron Zitzelsberger (WEDC), at UW Madison, Thursday 2 October 2025, sponsored by the Alexander Hamilton Society at UW Madison .

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This entry was posted on September 30, 2025 by Menzie Chinn.

Confirmed: Uncertainty about Trade Policy Rises

From Baker, Bloom and Davis, as well as Caldara et al., in the wake of Section 232 (“National Security”) tariffs on bathroom vanities, upholstered furniture, and some pharmaceuticals.

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This entry was posted on September 29, 2025 by Menzie Chinn.

Trump Shock on GDP vs. “Core GDP” Trajectories

Relying on GDP might provide a misleading impression of regained momentum.

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This entry was posted on September 29, 2025 by Menzie Chinn.

Guest Contribution: “Do Voters Pursue Their Economic Self-Interest?”

Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version was published by Project Syndicate.

 


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This entry was posted on September 29, 2025 by Menzie Chinn.

In Search of the Section 232 (National Security) Report on Bathroom Vanities

This is what I found on the Bureau of Industrial Security/Dept of Commerce website:

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This entry was posted on September 28, 2025 by Menzie Chinn.

Guest Contribution: “Does the Zillow rent measure help predict CPI rent inflation?”

Today we are fortunate to present a guest post written by N. Kundan Kishor (University of Wisconsin-Milwaukee). 


 

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This entry was posted on September 28, 2025 by Menzie Chinn.

EPU Spikes: Government Shutdowns vs. 9/11, Lehman, “Bleach”, “Liberation Day”

I was wondering what happens to measured economic policy uncertainty during government shutdowns. In point of fact, EPU (as measured by the Baker, Bloom and Davis index) rises, but the increase is on average dwarfed by events like Covid-19/”Bleach” advice, and “Liberation Day”.

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This entry was posted on September 28, 2025 by Menzie Chinn.

“What to know about Trump’s new pharmaceutical tariff plan”: That We Don’t Know Anything

Really, you read “The Hill” article, you literally don’t know anything.

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This entry was posted on September 28, 2025 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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Econbrowser faces the data: (since Apr 30,2025)

Econbrowser recession indicator index: 11.7 (describes  2025:Q1)

The most recent U.S. recession began in 2020:Q1 and ended in 2020:Q2

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