Economics Roundtable
The Problem - I
Calculated Risk has the clearest picture of the problem we face.
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The Problem - II
Calculated Risk adds the the clearest picture of the housing tailspin.
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Special Topic 8/4/10
This week, the Roundtable will feature a special listing for reaction to the payroll employment figures from ADP on Wednesday and the BLS on Friday.
ADP: +42,000
BLS: -131,000/+71,000
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Special Topics 6/28/10
This week, the Roundtable will feature special listings for reaction to Wednesday's
CBO budget projections and the
payroll employment figures
from ADP on Wednesday and the BLS on Friday.
ADP: +13,000
BLS: -125,000/+83,000
CBO: Take your pick.
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Current Economic Conditions 6/5/10
James Hamilton summarizes the situation.
EconModel
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Economist’s View (Mark Thoma)
Here's a follow-up to the post on immigration and Social Security:
Illegal immigration: What's the real cost to taxpayers?, by Edward Schumacher-Matos, Commentary, Washington Post: In 1909, at the height of the last great immigration wave, when immigrants reached a peak of almost 15 percent of the U.S. population, ...
Dani Rodrik argues that China's currency policy has hurt other developing countries, but "we should not hold China responsible for taking care of its own economic interests":
Is Chinese Mercantilism Good or Bad for Poor Countries?, by Dani Rodrik, Commentary, Project Syndicate: ...Discussion of China’s currency ... is viewed largely ...
Here's a follow-up to Menzie Cinn's post showing changes in government employment since 2000: Government Employment since 1976, by Calculated Risk
The WSJ asked several people, mostly on the right, about whether the Fed has the power to do more. John Taylor's answer was predictable, the problem is that they aren't following the Taylor rule and the sooner they get back to it, the better, so I'll move on to the ...
Menzi Chinn:
The "Ever-Expanding" Government Sector, Illustrated: Just some numbers to bring reality into the general discussion:
Figure 1: Employment in government (blue), in thousands, seasonally adjusted (blue), and excluding temporary Census workers (red). Source: BLS, August employment situation ...
As many of you know I grew up in a small town, it was just a bit under 4,000 people at that time, the same town that my mom was born in. I recently went back there for a high school class reunion (35th). While I was there, something ...
Minnesota Fed president Narayana Kocherlakota says once again that there's little that monetary policy can do for the unemployment problem because it's largely structural (here's Brad DeLong's reaction). However, researchers at the Cleveland Fed say their estimates tell a different story:
The dramatic jump in the actual unemployment rate we ...
On Boehner's economic "plan," pgl sets the tone:
CNNMoney Fails Introductory Macro. by pgl: OK – I just ripped off the title of Peter Dorman’s ripping of Peter Orszag’s NYTimes oped but how else can you describe the CNN/Money piece entitled Boehner unveils his own plan to aid economy?. Boehner ...
Given all the worries Boehner and others have expressed about the bad incentives that social insurance creates, is this one of the programs that would be on the chopping block in his proposal to roll government spending back to 2008 (pre-ARRA) levels?