Archive for the ‘Jobs’ Category

Parsing the Fed

July 30th, 2014

Fed porn. That’s what a guy I know who covers the Fed calls minutiae of the type I’m about to share with you. So be forewarned, but tracking the entrails of statements by the central bank is an occupational requirement. It’s also made a whole lot easier by the Wall St. Journal’s Fed tracker, which allows… Read more

The Tradeoff between Inflation and Unemployment: What We Don’t Know Can Hurt Us

July 28th, 2014

To assert that economists are having trouble figuring out the relationship between inflation and unemployment is like saying chefs can’t figure out what to do with salt and pepper.  It’s that fundamental.  Yet, we’re befuddled, and that has powerful policy implications. For example, a prominent macro economist recently suggested to me that we must have… Read more