Economics Roundtable
The First Global Financial Crisis
of the 21st Century
A VoxEU.org Publication
Edited by Andrew Felton and Carmen Reinhart
Read the announcement
and/or download selected chapters.
Review: the topic itself is important, but this book also marks a new direction for online discussion.
The Phillips Curve
The Econ Review has an updated presentation of the inflation and unemployment data for seven countries. Some countries have had problems staying on a graph bounded by 20% inflation and 10% unemployment and it might take a skilled econometrician to find an actual Phillips Curve in this data, but the historical importance is unmistakable.
Great Articles by Famous Economists
The Library of Economics and Liberty includes The Concise Encyclopeida of Economics. To see how many well-known economists have contributed browse by category .
The Phillips curve, Harvard University, Thomas Sargent, Christina Romer, Greg Mankiw, Paul Samuelson, Robert Solow, Robert Lucas, Ben Bernanke, and others. They all appear in David Warsh's latest account of the battle between the Keynesians and the New Classical Economists.
James Hamilton at EconBrowser
Is this a recession and do we care?
Obamanomics
David Warsh on Goolsbee and Obama.
Recession?
U.S. payroll employment declined by over 3 million jobs between 2001 and 2003.
The current data shows a clear downturn.
The issue now is how far the decline will go.
The blogs discuss payroll employment at Payroll Employment
Are back-to-back quarters of 0.6% GDP growth a recession? Recession?
Will a 2% Fed Funds rate help? Fed Watch
And, the Housing Crash is still with us.
Economic Principals
David Warsh reports the latest on this year's free agent season for academic economists.
EconModel
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Statistics
As of 6/26/08, the Economics Roundtable includes 137 commentators.
Jeff Frankel’s Weblog
"Views on the Economy and the World”
Senator Obama is on a vist to the Middle East and Europe. Senator McCain went to visit Colombia earlier in July. These trips suggest a seriousness ...
Someone asked me this week what I thought of policy-makers who ex ante profess a free-market ideology and acute sensitivity to the dangers of moral hazard from financial bailouts, but who toss that ideology overboard when faced with a financial crisis. The reference was ...
President Bush yesterday removed a long-standing executive moratorium on off-shore oil drilling (NYT, 7/15/2008, p.A13), a move also supported by presidential candidate John McCain.
The possibility that some Gulf states, particularly the United Arab Emirates, might abandon their long-time pegs to the dollar has been getting increasing attention recently (for example, from Feldstein and, especially, Setser). It makes sense. The combination of high oil prices, rapid ...
Menzie Chinn, Prof. of Economics at University of Wisconsin, is guest posting this week:
I want to thank Jeff Frankel for the opportunity to be a guest writer on his blog.
A lot of attention has been devoted to how oil price and food price shocks have affected the ...
Since I started this blog, my comment section has been inundated with spam. I am not talking about bona fide comments, most of which have been intelligent and useful. I’m talking about thinly disguised bids for sales of pornography, mortgage quotes, and other parasitical activities. The spam has reached 35 per night, ...
Over the past month, I and others have said that if one looks at available information on monthly GDP, which is only available from estimates of MacroAdvisers, that output declined within the first quarter of the year, even though as standardly reported GDP was higher in QI overall than it ...
Everyone is looking for someone to blame for high prices of oil and other mineral and agricultural commodities. Speculators (among others) are high on the list, followed by the Federal Reserve. While I don’t think blame is necessarily the right concept here, I have been arguing that low real ...
The Commerce Department this morning revised upward its estimate of first quarter growth in real GDP to 0.9% (precisely in line with the expectations of economic forecasters).
As a member of the NBER’s Business Cycle Dating Committee, I am asked frequently ...
Fed Vice Chairman Donald L. Kohn in a speech yesterday, addressed a theory to which I am partial: the theory that low real interest rates have been a factor behind the continued rise in prices of agricultural and mineral commodities, including oil, over the ...