Archive for the ‘New Posts’ Category

Hey, What’d I Miss? OTE 11/12 — 11/24

November 24th, 2014

Looking at the economics of falling oil prices and the Keystone XL pipeline. Explaining the bubble, bust, repeat cycle and its relationship our high levels of inequality. Questioning our ability to accurately assess the natural rate of employment. Debunking a common mistake — overestimating the contribution of immigration to the increase in poverty. Describing why… Read more

Higher inequality any way you cut it: a review of CBOs updated comprehensive income series.

November 24th, 2014

My CBPP colleague Ben Spielberg and I poured through the update of the CBO’s invaluable comprehensive income series. Here’s are the key findings but please be sure to see our full report here. The Congressional Budget Office (CBO) recently updated their series on the distribution of household income and federal taxes, providing important new information… Read more

When Minsky raises an eyebrow, I pay attention. So should you.

November 19th, 2014

The work of the late economist Hyman Minsky has become increasingly relevant in recent years, as his understanding of the fragility of financial markets and their role in bubbles and busts was both deep and prescient. Other economists generally viewed financial markets as playing not much more than an intermediary function, passively allocating excess savings… Read more