Economics Roundtable
The Problem - II
Calculated Risk adds the the clearest picture of the housing tailspin.
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The Problem - I
Calculated Risk has the clearest picture of the problem we face.
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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.
Click on the chart for a larger version.
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.
Dani Rodrik’s weblog
"Unconventional thoughts on economic development and globalization”
Gideon Rachman of the FT wants to dethrone economists. I am all for it, but what grates in his article is the view that economics as a science is defined by its ability to forecast the future. No, it is not, and whoever said that is ...
On a recent Saturday morning, several hundred pro-democracy activists congregated in a Moscow square to protest government restrictions on freedom of assembly. They held up signs reading “31,” in reference to Article 31 of the Russian constitution, which guarantees freedom of assembly. They were promptly surrounded by policemen, who ...
A specter is haunting Europe – the spectre of “market confidence.”
It may have been fear of communism that agitated governments when Karl Marx penned the opening line of his famous manifesto in 1848, but today it is the dread that market sentiment will turn ...
In which Josh Lerner and I pretend to disagree.
The opponents of industrial policy are joined by an unexpected ally!
Now that we know the shape that regulatory reform is likely to take on both sides of the Atlantic, it is time to focus on the next big question: how do we deal with the differences in the European versus U.S. approaches to reform?
You ...
My latest on Turkey's ugly turn is here. The title is over-the-top, but it was the WSJ editorialists' choice, not mine.
(And they got the caption underneath the picture on the online version badly wrong, as of this writing.)
My previous post on the comparative merits of import substitution (ISI) and the Washington Consensus (WC) has resuscitated some counter-arguments that I thought had long been laid to rest. Three in particular:
1. “ISI was responsible for the debt crisis of the 1980s.” This confuses ...
The Inter-American Development Bank’s new study, The Age of Productivity is a trove of neat information on productivity performance in Latin America. My favorite nugget is this one:
Germany.
Financial meltdown has been averted in Europe – for now. But the future of the European Union and the fate of the eurozone still hang in the balance. If Europe doesn’t find a way to reactivate the continent’s economy soon, it will be doomed to ...