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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
Dispatches XXVI: So Much for Shrinking All Government
From Jason Stein and Daniel Bice in the Milwaukee Sentinel Journal:
Gov. Scott Walker’s administration rewarded the new hardline Capitol Police chief and his top deputy with double-digit pay raises earlier this year after moving the pair on paper to phantom jobs for two weeks and then back to their real posts.
California economist says real US debt $70 trillion
Or so claims a recent headline. But that’s not what I actually said, as I try to clarify below.
Some Economic Implications of Global Climate Change
Each time I post something on the environment, a number of readers admonish me to get back to economics. Well, it’s been obvious to many observers that the two are interlinked. Consider one graph from NOAA, and two others from Economic Benefits of Increasing Electric Grid Resilience to Weather Outages, a joint CEA and DOE report, released on Tuesday.