$20 bn Credit Line to Argentina?
Why? Is Argentina central to US national security or economic interests? This Bloomberg article doesn’t explain the economic reasoning. And unless there’s
Miran on r* | Econbrowser
Yesterday, in a speech before the Economic Club of New York, Fed Governor Stephen Miran, on leave from the White House CEA, spoke on “Nonmonetary
Guest Contribution: “FAIT, Shortfalls, and the Federal Reserve’s Strategy Review”
Today, we present a guest post written by David Papell and Ruxandra Prodan-Boul, Professor of Economics at the University of Houston and Economics Lecturer at
The Availability of Quarterly GDP Data for the US: Memo to EJ Antoni
Referring to Dr. Antoni’s definition of recessions using quarterly data, here are the GDP data series for the US I am aware
Why Friends Don’t Let Friends Define Recessions as Two Consecutive Quarters of Negative GDP Growth
That’s exactly what EJ Antoni did in “Biden’s Recession” (August 1, 2022): In terms of how we define it or what marks a recession, the
EJ Antoni: “factor in the millions of people missing from the labor market (don’t have jobs but are excluded from official unemployment calculation)”
That’s a plea from an X post a year ago. He presented various calculations (which are hard to replicate, because he does funny things like
Six Measures of Nonfarm Payroll Employment
Including Philadelphia Fed early benchmark, released today. Several series are below recent peaks, including the early benchmark. Figure 1: CES Nonfarm payroll
Miran: “I don’t see any material inflation from tariffs…”
From CNN. OK. From the Pricing Lab: Source link
Everyday Prices (Still) Going Up – and Big Mac for Me, but not for Thee
From the American Institute for Economic Research, compared to CPI, and CPI for fast food… Figure 1: CPI all urban (blue), Everyday
Wisconsin Manufacturing Employment Declines in August
From DWD release today: Figure 1: Wisconsin manufacturing employment, 000’s, s.a. (blue). Source: BLS, DWD. Manufacturing employment in Wisconsin is now below