Archive for the ‘Financial Markets’ Category

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

Financial Market Oversight, Economic Recoveries, and Full Employment: Some Crucial Linkages

July 29th, 2014

“The way to make a train go fast is to keep it from going slow.” That bit of Zen was told to me by one of the nation’s foremost rail experts back when I worked on that issue.  He was explaining that part of developing a high-speed rail system entails straightening out existing curves in… Read more