Sorry, OTE’ers. I’ve been remiss. Not only have I failed to post much here of late, but I haven’t been providing links to posts I’ve placed elsewhere. EG, over at PostEverything: From today, a discussion about very recent wage trends. They’ve turned up due both to tighter job markets, a central prediction of so much… Read more
Consider: –The economist Greg Mankiw had an essay in the NYT last week on five theories as to why growth has been so sluggish for so long (Greg’s focus was on the US, but it could have applied to Europe as well). Mankiw, a Harvard professor and writer of widely used textbooks, has long been… Read more
Some attendees asked for my slides so here they are. A few explanations for those who weren’t there. NIWG=non-inflationary wage growth, which I argued equals the the three factors you see there. What I’m calling “Bivens x” is Josh Bivens estimate that at current or even somewhat faster wage growth rates it would take a… Read more
Given the horrific mass-shooting in Orlando over the weekend, it seems irreverent and off-point to scribble about the usual grist for the mill. So a bit of catchup and forward-looking stuff. –I’ll have a great interview in tomorrow’s WaPo with CBPPs Elizabeth McNichol on the need for infrastructure investment, with an emphasis on the state… Read more
There are lots of nuanced dynamics afoot in the political economy right now. I try to understand a few of them in today’s WaPo.