From New England Journal of Medicine, results of a study led by researchers at Harvard T.H. Chan School of Public Health and Beth Israel Deaconess Medical Center: Figure 4. Estimates of Excess Deaths and Reported Causes of Death. Panel A shows a comparison of estimates of excess deaths from official reports, press (New York Times)8 […]
Steven Kopits, in response to my caution over using state level household based employment series, writes: If you are telling me you’re smarter than BLS, go ahead. Well, I don’t think I’m smarter than BLS. I just think it’s a good idea to know what kind of imprecision is associated with the series one works […]
Governor Walker blames the workers.
One of the arguments for acting sooner rather than later on monetary policy is that if the slack disappears, inflationary expectations will surge. That’s represented in this quote from reader Peak Trader’s comment. While I don’t rule out this possibility, it seems reasonable to me to empirically assess whether this is true for the United […]
Blue Creek fire, close to Walla Walla, WA. Photo: Greg Lehman, AP. Source: Seattle Post-Intelligencer. Reader CoRev asserts wildfire intensity has not been severe of late. I’ll just graph some data to bring reality to the interested.
Reader Patrick R. Sullivan keeps on talking about the post-World War II boom, and telling people to watch The Best Years of Our Lives (A fine movie, by the way). I think I know why he thinks times were great for all, if your history comes from Hollywood. Rick Stryker chimes in with the statement: […]
Reader Steven Kopits writes “potential GDP model is also a binding constraint model”, so GDP “…is subject to some sort of natural speed limit which cannot be exceeded”. This assertion is so amazingly absolutist in nature, and represents such a misunderstanding of how macroeconomists typically think of potential, that I am moved to observe that […]
How much can an independent Scotland rely upon? updated 9/16
Quick links to a few items I found interesting.
Updated, includes summary of an econometric analysis of impact of austerity in the UK
Prime Minister Osborne has lauded the recent UK growth numbers as validation for the policy of austerity [1] (recently relaxed, although he doesn’t mention that).