Archive for the ‘New Posts’ Category

Maybe QE Was Helping A Little More than You Thought

April 24th, 2014

It’s hard to find anyone outside the Fed to say something positive about the impact of their quantitative easing, or “large-scale asset purchase” program.  And while there’s certainly some concrete evidence that it had its intended direct impact of lowering longer-term interest rates, there’s less evidence that it hit its broader, indirect target of investment,… Read more

The Upshot Is…

April 22nd, 2014

…a new feature over at the NYT—the brainchild of long-time economics writer David Leonhardt—covering all kinds of interesting stuff in the intersection of econ, politics, and life.  I’ll be writing for it, as it absorbs the Economix blog. In the first issue (not the right word in digital world, I guess), Leonhardt and Kevin Quealy… Read more

Wage Theft Must Not Be Ignored

April 22nd, 2014

Here’s an important editorial on something I haven’t written enough about: wage theft, i.e., situations wherein “employees are forced to work off the clock, paid subminimum wages, cheated out of overtime pay or denied their tips.”  Sometimes this meshes with misclassification, another violation of labor law, wherein regular employers are classified as self-employed.  According to… Read more

Slack is Whack

April 21st, 2014

Just how much slack remains in the labor market? It’s a key question for the Fed, of course, which is explicitly gauging many indicators—not just unemployment—for signs of inflationary pressures.  Thus far, such pressures have been noticeably absent from their favored measure: the core PCE, which if anything, has decelerated of late.  Chair Janet Yellen… Read more