Chinn and Irwin: “International Economics” (Cambridge Univ Press), Available Now
[ad_1] Are you teaching international economics in the spring? Or just want to learn more about the field? Consider adopting/purchasing this new textbook, by myself
The CPI Rose…as Did Wages (mid-2022 to 2024)
[ad_1] Heritage Foundation’s EJ Antoni shared this graph of the CPI level: Aside from including the pandemic era price level, I thought about what happened
Instantaneous Inflation | Econbrowser
[ad_1] Headline up, core down. Figure 1: Instantaneous inflation per Eeckhout (2023) for CPI (blue) chained CPI (lilac), PCE deflator (green), PCE deflator market
Reconciling the CES NFP with CPS Employment Adjusted to NFP Concept
[ad_1] Heritage Foundation’s EJ Antoni has been describing the gap between the establishment NFP series and the CPS employment series as the basis for evidence
The President-Elect’s Economic Advisers | Econbrowser
[ad_1] From Rappaport, Swanson, Duehren, in NYT yesterday, an interestingly monochromatic picture of the incoming economics team. Notes: Clockwise from top left: Bessent (to Treasury;
“southern Caifornia [sic] is about as dry as Wisconsin and Michigan”
[ad_1] In wondering why the LA wildfires had worse outcomes than say those in Wisconsin, Mr. Bruce Hall makes this assertion. This might be true
Policy Uncertainty, VIX, 5 Year Breakevens, Dollar Up
[ad_1] Since the election: Figure 1: EPU (blue, left scale), 7 day centered moving average (bold red, left scale), VIX (green, right scale). Source: policyuncertainty.com,
Hazards of Reasoning by Anecdotes: LA Fires Version
[ad_1] Mr. Bruce Hall speculates on the causes for the severity of the LA fires: I remember being in Lompoc, CA in 1968 for a
Inflation Expectations since the Election: Up
[ad_1] At 10am ET, 10 year Treasury yields were at 4.8%, up from 4.7% at Friday’s close (delta 8 bps). TIPS 10 year were at
Jeffrey Tucker in the Steps of Shadowstats
[ad_1] Remember Shadowstats? Well, there’s always a John Williams. Here’s Tucker in EpochTimes (reprinted in ZeroHedge): …U.S. inflation has been accelerating since September 2021. It