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Econbrowser

Analysis of current economic conditions and policy

“Non-Essential Business Cycles” and Implications for the Imminent Recession Call

From a paper by Michele Andreolli, Natalie S. Rickard, and Paolo Surico (presented at NBER Summer Institute Monetary Economics sessions):

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This entry was posted on August 17, 2024 by Menzie Chinn.

Hovde on Impending Mass Layoffs, Disinflation vs. Deflation, and “Illegals” (His Word, Not Mine)

See on WisconsinEye.

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This entry was posted on August 16, 2024 by Menzie Chinn.

Food at Home CPI Component: Unchanged Relative to January 2024

Prices are up relative to January 2021, but not relative to January 2024:

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This entry was posted on August 16, 2024 by Menzie Chinn.

Wisconsin Employment in July: Cooling

Preliminary NFP count is down 6.5K (on 3 million), unemployment rate up 0.1 ppts.

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This entry was posted on August 16, 2024 by Menzie Chinn.

The Partisan Split in August Sentiment

Michigan 67.8 vs 66.7. Big jump in expectations 72.1 vs. 68.5 (as opposed to current situation).

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This entry was posted on August 16, 2024 by Menzie Chinn.

Scariest Paragraph for Applied Econometricians in Project 2025

From Mandate for Leadership, aka Project 2025, page 664:

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This entry was posted on August 16, 2024 by Menzie Chinn.

At It Again: “Donald Trump promises an ‘economic boom’ if he wins US election”

That’s a title from FT. Remember when Trump promised 4% growth (in May 2017)? How did that turn out?

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This entry was posted on August 15, 2024 by Menzie Chinn.

Russia GDP Slowdown in Q2: 4% y/y Growth

From BOFIT today (as translated by Google):

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This entry was posted on August 15, 2024 by Menzie Chinn.

Naval Deployments as of 8/12/2024

From the US Naval Institute:

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This entry was posted on August 15, 2024 by Menzie Chinn.

Kursk 2024 – Update 8/15/2024

From MilitaryLand.

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This entry was posted on August 15, 2024 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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Recent Posts

  • Tariffs in the Data
  • Business Cycle Indicators – Industrial, Manufacturing Production, Retail Sales
  • WSJ July Survey: 2025 q4/q4 Growth at 1%
  • Dispersion in GDP Nowcasts
  • Policy Uncertainty *before* 30% Tariffs on EU, Mexico … and Rosie O’Donnell

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Current Indicators

Econbrowser faces the data: (since Apr 30,2025)

Econbrowser recession indicator index: 6.8 (describes  2024:Q4)

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

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