As central bankers gather for their annual conference in Jackson Hole, Wyoming, a top agenda item is evaluating the current and future amount of slack in the US economy. In this regard, they’d be well advised to check out this new study from the two economists at the Economic Policy Institute which provides an exhaustive… Read more
Over at PostEverything–and if you too dip into this genre, feel free to add your own favs to the list.
Fed vice-chair Stan Fischer gave another interesting (and long!—dude, you don’t have to cover everything in each outing!) speech today wherein he continues to articulate the Fed’s state-of-the-art thinking on all the big issues (here’s an earlier post re Fischer on financial oversight). Just did this CNBC hit on it so let me summarize the point… Read more
A move that invokes many a gnarly issue, both re tax law and politics. Over at PostEverything.
Over at the Upshot. Read the piece, but the general finding has been widely known by those who plumb the data: on average, the economy, as measured by many macro and financial indicators, does better under D presidents. The paper I review in the piece, by Alan Blinder and Mark Watson, goes further than earlier… Read more