Archive for the ‘Economic Growth’ Category

Cyclical vs. Structural: Bivens and Shierholz Turn Over Every Stone to Find Out

August 21st, 2014

As central bankers gather for their annual conference in Jackson Hole, Wyoming, a top agenda item is evaluating the current and future amount of slack in the US economy. In this regard, they’d be well advised to check out this new study from the two economists at the Economic Policy Institute which provides an exhaustive… Read more

Graph of the Day: Just how tight is the relationship between inflation and wage growth? (Answer: not very)

August 19th, 2014

There’s been of late an interesting outpouring of quality research on one of my favorite topics: the relationship between labor market slack and wage growth. I’ve got a longer piece on this coming out later, but the punchline is, as you probably know if you’re drawing a paycheck: considerable slack remains in the job market… Read more

Fed Vice-Chair Stan Fischer on Whether Stronger Actual Growth Can Boost Potential Growth

August 11th, 2014

Fed vice-chair Stan Fischer gave another interesting (and long!—dude, you don’t have to cover everything in each outing!) speech today wherein he continues to articulate the Fed’s state-of-the-art thinking on all the big issues (here’s an earlier post re Fischer on financial oversight). Just did this CNBC hit on it so let me summarize the point… Read more