I normally leave it to folks like Dean Baker to beat up on the press. But I can’t resist shining a bright light on today’s story about oil speculators in the Washington Post, which has also been discussed by Mark Thoma and Tyler Cowen.
Consumer Inflation: What Do Alternate Measures Say, and Why
What to make of the different measures of inflation being faced by consumers?
Economic consequences of falling oil prices
I’ve maintained that rising oil prices put a significant burden on the U.S. economy in recent months. How much will falling oil prices help to alleviate those concerns?
Drilling Offshore to Affect World Oil Prices… and Other Tales from the Iraq-Pakistan Border [0]
Various individuals have argued for drilling in the Outer Continental Shelf (OCS) as a means to affect the price of oil. This is true despite this recent assessment by the Department of Energy’s Energy Information Administration, the Federal Government’s nonpartisan analytical group on energy issues. From Annual Energy Outlook related analyses (June 2007):
Core inflation
The Bureau of Labor Statistics reported yesterday that its primary consumer price index CPI-U rose 5.6% over the last year. That’s the highest inflation rate in 17 years, the newspapers all call to our attention. Just how concerned should we be about these numbers?
The International Outlook: The View from Dallas
Enrique Martinez-Garcia and Janet Koech at the Dallas Fed present their perspective on the international macro outlook. The first is particularly interesting to me.
Americans making changes
American energy consumption is dropping. But will falling gasoline prices reverse that trend?
Macroblog returns
It’s back!
Current Account Adjustment Redux? What’s Different this Time Around
Oil and the dollar
Although movements in the value of the dollar are one factor contributing to recent changes in the dollar price of oil, I do not believe they are the most important factor. Here I review some of the evidence that persuades me of this.