Archive for the ‘Economic Growth’ Category

2014q4 GDP: On trend if you measure it “right” with no inflationary pressures in sight.

January 30th, 2015

Real GDP grew 2.6% in Q4 last year, slightly below expectations for 3% and slower than the past two quarters which averaged 4.8%. But while that slower pace–at least in today’s advanced report; we’ll see two updates based on more complete data in coming weeks–may cause some angst to some, OTEers know better. The annualized… Read more

Fed in an interesting zone: strong growth, weak inflation

January 28th, 2015

You’re hanging out at a party with your spouse. He’s a charming guy, life of the party, but he’s been known to get embarrassingly drunk and start breaking things. You watch him closely, observing that he’s drinking heavily as usual and you’re getting ready to shove in the car before things get ugly. But weirdly, they don’t…. Read more

The White House announces a renewed push for balancing work and family (a PGEP!)

January 15th, 2015

Well, this is turning out to be a pretty impressive week for the introduction of progressive ideas in high places. And while it’s easy to dismissively say, “um…they’re not going anywhere in this Congress,” I’d argue that reaction is too short-sighted. Before we get to the latest salvo, let me set the stage with something… Read more

Josh Bivens for the Win: The Fed Interest Rate Liftoff is the New Deficit Reduction

January 14th, 2015

Orange may be the new black, but in my world raising the federal funds rate is the new deficit reduction. Let me explain. I keep bumping into arguments about why, despite pressures from wages or prices, either in real life or in expectations, the Fed should pre-emptively raise the interest rate it controls in order… Read more