A Fed’s-Eye View of Labor Markets
Twice each year, the Federal Reserve is required to report to Congress, a process which involves both testimony from Fed Chair Jerome Powell...
Final Sales to Private Domestic Purchasers Nowcasts Decelerate
Atlanta Fed downgrades Q2 (GS ups from 0):
Figure 1: Final sales to private domestic purchasers (bold black), GDPNow of 6/27 (light blue square),...
The US Trade Balance With the EU: The Role of US Multinationals
Consider this international trade conundrum: Say that a US-based multinational provides technology and managerial know-how to a firm in Europe. The firm uses...
Interview with Austan Goolsbee: Being at the Fed, House Prices, AI, and More
Tyler Cowen serves as interlocutor in “Austan Goolsbee on Central Banking as a Data Dog: The data-driven Fed President on why human judgment...
A Case for Reading Dead Economists
Is it professionally worthwhile–not just as a form of light intellectual entertainment–for a modern economist to read articles and books written long ago?...
US Health Care Expenditures: An Ominous Trend Returns?
In the 2010s, it appeared that US health care expenditures as a share of GDP had peaked. But there group at the Centers...
The Weird and Lovely Surge of US Productivity Growth
In the long run, a rising standard of living is always and everywhere based on productivity growth. Thus, Austan Goolsbee notedin a keynote...
E.B. White on the Meaning of Democracy
I was recently reminded of the brief 201-word essay by E.B. White (1899-1985) on the meaning of democracy (which, I note, is subtly...
V.S. Naipaul on the Pursuit of Happiness
The US Declaration of Independence famously states: “We hold these truths to be self-evident, that all men are created equal, that they are...
