Archive for the ‘New Posts’ Category

Clarifying my take on dueling trade models

February 2nd, 2016

[See “update” at end of post–JB] The NYT reported on this presentation yesterday at which I spoke on the results from a new trade model, by economists from Tufts University, of long-run growth outcomes from the TPP. The Times piece characterized me as there to “support the authors.” That’s correct. But I want to be very clear… Read more

Inflationary wage growth? Not even close…

January 29th, 2016

The table below is from today’s release of the Employment Cost Index, a metric of compensation growth–not just wages, but benefits too–that the Fed cares about. The ECI “measures the change in the cost of labor, free from the influence of employment shifts among occupations and industries.” IE, in order to get a purer take on… Read more