Archive
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What happened in the US repo market?
After US repo rates spiked the week of September 16th, economists are trying to discern the causes.
Consumers’ inflation expectations
New research on how consumers form their beliefs on inflation and how these beliefs affect inflation dynamics.
Revisiting Okun’s Law
Okun’s law suggests that high pressure economies contribute to upward mobility of workers. Is the US a high pressure economy right now?
New and noteworthy books in economics (September)
Four great books by economic heavyweights Branko Milanovic, Otmar Issing, Richard Davies and David Kreps.
Is the dollar still the dominant currency?
Many have highlighted the recent fall in the dollar’s share of global FX reserves as a sign of the dollar’s waning dominance. What does the data really show?
Big data and the macroeconomy
Big data has just begun to permeate economists’ thinking about the aggregate economy.
Evidence of the Neo-Fisher effect
Recent research shows that there is evidence of the Neo-Fisher effect in US data. But in a small European economy “monetary policy works according to textbook”.
Is there an optimal immigration policy?
New research that examines which immigration policy maximizes the welfare of the native population and increase long term growth.
The allocation of talent
How much does an economy gain when talent, across race and gender, is efficiently allocated and how technological innovation in communications has increased the return to skill.
Climate change and economics
Interesting new research which quantifies the effect of climate change on GDP, analyzes the effect of tariffs on CO2 emissions and evaluates the impact of climate policy uncertainty.