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.
Marginal Revolution
"Small steps toward a much better world”
Here is the link, hat tip goes to Matt Yglesias on Twitter.
It's not a good sign when the government has to intervene to prevent a run on a bank that is already owned by the government...
Bryan writes:
The other day, Tyler Cowen challenged me to name any country that I consider under-educated. None came to mind. While there may be a country on earth where government doesn't on net subsidize education, I don't know of any.
...This analysis holds in the Third World as well ...
The subtitle is How the Economy Works in the Real World and the author is Greg Ip, one of the best and most renowned economics journalists. This is a very good book for someone who wants to start reading The Economist, or other forms of economics news, but doesn't have ...
That is the new book by Nicholas Phillipson from Yale University Press. I urge all fans of Adam Smith to read this book. It covers Smith's life and times more than his texts per se. It is especially strong on Smith and Hume, Smith's work as a customs inspector, ...
Here is one analysis:
Companies combining deductions proposed by Obama for equipment with deductions for borrowing costs would get benefits -- including refunds or credits against future taxes - - that exceed the additional income they get from new capital spending, according to a
Many smart people say we should. It seems increasingly clear that we must. For how long can the government prop them up? Are we never to have a private market in mortgages again?
Yet what happens if we let them fall? Arguably many banks would once again be "under water." Enthusiasm for ...
Is that the stakes weren't high enough, or is the whole idea flawed?:
If obese individuals have time-inconsistent preferences then commitment mechanisms, such as personal gambles, should help them restrain their short-term impulses and lose weight. Correspondence with the bettors confirms that this is their primary motivation. However, it appears that the ...
In markets, speculators, unable to bet on a yuan pegged to the U.S. dollar, use the currencies of China's main trading partners instead. That has helped make the Australian dollar the fifth-most-traded currency in the world -- after the U.S. dollar, the yen, the pound, and the euro -- ...
“I’m all for reducing the number of public-sector employees,” an I.M.F. investigator had said to me. “But how do you do that if you don’t know how many there are to start with?”
That is from the new Michael Lewis article on Greece, entertaining throughout.