There’s a really interesting Econoblog this week featuring Arnold Kling and Brad DeLong. Unlike the slugfest between
Menzie and
Kash, there are actually some profound disagreements between these two.
A Race between Inflows and the Deficit
From today’s Reuters:
How to balance the Federal budget, Bush style
First, assume away expenses…
Manufacturing, Tradables, and Trade Adjustment
In his preview of the 2007 Economic Report of the President, CEA Chair Ed Lazear presented the argument that manufacturing output is still growing.
GM and Ford down, Toyota and Nissan up
Stop me if you think you’ve heard this one before.
Trends in exports and imports
The NIPA release of January 31 contained a couple of surprises, including on the international front. The external accounts did provide a bit of a kick on growth, as shown in Jim Hamilton’s post.
Where did all that GDP growth come from?
The Bureau of Economic Analysis reported today that U.S. real GDP grew at an annual rate of 3.5% in the fourth quarter of 2006, more than most of us had been anticipating, and far better than the 0% growth that Nouriel Roubini had been predicting for 2006:Q4 as recently as November 28.
Cantarell in decline
Production from Mexico’s Cantarell oil field is falling quickly.
Macroeconomic Implications of War with Iran
Or, “Oceania has always been at war with Eastasia”. The speculation regarding imminent military action rises. What are the fiscal implications of a large scale missile campaign? What would be the repercussions of likely Iranian responses (including closing off the Straits of Hormuz)?
The housing market and the Federal Reserve
More evidence that the housing market has stabilized, consistent with the recent policy stance of the Federal Reserve.