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Wisconsin Employment Situation in April

posted to Econbrowser on Thu 23rd May 13

Newly released BLS data indicate an absence of strong employment growth.Figure 1: Wisconsin private nonfarm payroll employment, seasonally adjusted (blue), Walkers implied path for private employment (red). NBER defined recession dates shaded gray. Source:
Bernanke says no change for now

posted to Econbrowser on Wed 22nd May 13

In testimony before Congress today, Bernanke explained why the Fed's large-scale asset purchases are continuing.Inflation as measured by the CPI or PCE deflator has been about 1% over the last year, while the most recent report put the unemployment rate at
Are There Reasonable Approaches to Fiscal Consolidation?

posted to Econbrowser on Mon 20th May 13

According to the CBO, under the Presidents budget, the deficit hovers around 2% of GDP, and debt-to-GDP stabilizes through 2023 at levels lower than todays.Hence, were the Presidents budget to be implemented, the budget would be on a path to medium run stabilization.

Consequences of the Oil Shock of 2007-08

posted to Econbrowser on Thu 2nd Apr 09

In a follow-up on my earlier post, I'd now like to discuss the second part of my paper, Causes and Consequences of the Oil Shock of 2007-08, which I presented today at a conference at the Brookings Institution. Here I'll review the role that the oil price shock
The Fed's new balance sheet

posted to Econbrowser on Sun 29th Mar 09

My previous post reviewed the profound changes in the balance sheet of the U.S. Federal Reserve over the last 18 months. Here I comment on some of the concerns that the new Fed balance sheet raises for the conduct of monetary policy.I would suggest first that
Federal Reserve balance sheet

posted to Econbrowser on Sun 21st Dec 08

Here I survey how we got here, where things currently stand, and what it all means.Let me begin by reviewing some first principles of what the Fed is all about. How did the cash currently in your wallet get there? You withdrew it from an ATM, perhaps. But these

Links for 05-22-2013

posted to Economist's View on Wed 22nd May 13

In Europe, a Fed President Urges Quantitative Easing - NYTBoJ holds off on fresh monetary easing - FT.comThe Hidden, Unexpected Public Costs of a Stadium - Sports EconomistLessons at the Zero Bound from Japan and the US - William DudleySNAP Rolls: Theyre Elevated
Links for 05-20-2013

posted to Economist's View on Mon 20th May 13

Department of "WTF?!?!": Education Gap Weblogging - Brad DeLongAmericas future early education system - Consider the EvidenceIs there a stock-market bubble? - James SurowieckiRedeeming Bangladesh - EconomixEuropeans' Biggest Problem - Carola BinderThe
Sunday Night Futures

posted to Calculated Risk on Sun 19th May 13

Monday: At 8:30 AM ET, the Chicago Fed National Activity Index for April will be released. This is a composite index of other data. Weekend:Schedule for Week of May 19th The Asian markets are green tonight with the Nikkei up 1.0%, and Shanghai Composite up