2022 was "supposed to be the year that we returned to normal."
Has inequality become less of a problem?
When institutions "try to preserve the problem to which they are the solution."
Wars have often gone hand in hand with high inflation.
Why is employment being viewed as a lagging indicator when it comes to recession?
Chatbots are already good at answering common medical questions.
Countries have started paying residents to move to lower population density regions.
Real wages can fall when capital becomes the constraint on supply. Still, some of the inflation run up was perceived as fiscal necessity.
Might pigeons be able to properly discern medical images?
Employment growth rates and NGDP are highly correlated in the short run.
Noah Smith highlights some recent economics news.
Highlighting those who no longer work as many hours as before.
Some new insights on Roman concrete. Still, there are good reasons for today's concrete to be built via reinforcement.
"A new model for mobile home buyouts."
Ideally, the Fed could achieve its macroeconomic objectives with a much smaller balance sheet. Meanwhile as Scott Sumner noted, QE seems to be the lesser of evils.
On the importance of central bank independence.
"Biggest sources of electricity by state and province."
Robert Hetzel's proposal for a soft landing.
Happiness is turning out to be rather subjective for precise economic measurements. I'm still convinced that the optimal economic indicator, calculates how our economic time contributes to general welfare.
Core CPI remains higher than expected. The price of services continues to rise.
There's no macroeconomic models which actually predict recessions.
The Eurozone continues to face more supply side constraints than the U.S.
The decades-long decline in construction sector productivity.
Has macro lost some of its relevance in economics education?
Technological innovations can take longer when higher levels of human capital are involved.
Victoria Guida discusses financial regulation and other Federal Reserve developments.
If the U.S. political system continues to malfunction, (think debt default), the dollar becomes more risky to hold around the world. Which would in turn greatly impact our way of life. This argument is just part of what is an important Macro Musings conversation.
The Fed is also paying close attention to core services other than housing.
Arthur Burns is not a good candidate for a revisionist explanation re 1966-1981 inflation.
Noah Smith reviews three recent technology books.
Global auto production still struggles with supply side issues.
Doubts regarding U.S. healthcare existed well before the pandemic.
"rent dispersion has increased far less than price dispersion"
"3.5% today is not the same thing as 3.5% unemployment in early 2020."
Despite other issues, Japan's housing policies have encouraged overall economic growth.
Can we build the institutions that would be necessary for a more inclusive capitalism?
"Why the goods trade ratio declined"
Lael Brainard explains that the Fed needs to stay the course on inflation.
How will the ECB deal with inflation in 2023?
Inflation in the U.S. should continue its decline in the months ahead.
There's been plenty of inflation which wasn't even associated with supply side shocks.
This highlighted climate change statistic made me smile.
Are we still faced with secular stagnation?
The conditions that suggest a "soft landing" are possible in housing markets.
No comments:
Post a Comment