NYT - Economy

Bloomberg View

Calculated Risk

  • !Friday: GDP
    Friday:• At 8:30 AM ET, Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.9% decrease in durable goods orders.• Also at 8:30 AM ET, Gross Domestic Product, 1st quarter 2017 (Second estimate). The consensus is that r…
    - 3 hours ago 26 May 17, 1:56am -
  • !Philly Fed: State Coincident Indexes increased in 41 states in April
    From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for April 2017. Over the past three months, the indexes increased in 46 states and decreased in four, for a three-month diffusion inde…
    - 12 hours ago 25 May 17, 5:48pm -
  • !Kansas City Fed: Regional Manufacturing Activity "Expanded Modestly" in May
    From the Kansas City Fed: Tenth District Manufacturing Activity Expanded ModestlyThe Federal Reserve Bank of Kansas City released the May Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Ban…
    - 14 hours ago 25 May 17, 3:00pm -
  • !Weekly Initial Unemployment Claims increase to 234,000
    The DOL reported:In the week ending May 20, the advance figure for seasonally adjusted initial claims was 234,000, an increase of 1,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 232,000 to 233,000.…
    - 17 hours ago 25 May 17, 12:34pm -
  • Thursday: Unemployment Claims
    Some interesting analysis from Josh Lehner at the Oregon Office of Economic Analysis: States at Full Employment, A Prime-Age EPOP StoryThe key economic question economists are trying to answer today is whether or not the U.S. economy is at full e…
    - 1 day ago 24 May 17, 11:14pm -

The Undercover Economist

  • Books that will help you give a superb talk
    Nobody ever mastered a skill by reading books – with the possible exception of reading itself. But books can help. Below are a few that I’ve found helpful over the years. But first, a few observations. First, a good speech needs to have a purpose…
    - 4 days ago 22 May 17, 12:52pm -
  • Why prize-winners are heading for a fall
    With hindsight, the timing was awkward. PRWeek had barely engraved Oscar Munoz’s name on the trophy before the chief executive of United Airlines and Communicator of the Year 2017 was engulfed in a spectacular public relations crisis. The airline h…
    - 7 days ago 19 May 17, 12:39pm -
  • Life is getting ever more volatile – or is it?
    We live in an age of unrelenting change. That, at least, is what we are told by a consulting industry that thrives on a gospel of disruption, and journalists who overgeneralise from the earthquake in their own profession. Anecdotal evidence of volati…
    - 14 days ago 12 May 17, 12:43pm -
  • Undercover Monday 2

    - 18 days ago 8 May 17, 2:11pm -
  • Why we should be grateful to immigrants
    In 1929, the great economist Irving Fisher found his fortune and reputation ruined by his utter failure to forecast the great crash. Rival forecaster Roger Babson commented, not without sympathy, that Fisher’s problem was that “he thinks the worl…
    - 21 days ago 5 May 17, 12:43pm -

Marginal Revolution

  • !Paul Romer’s blog post “Romer slaughters kittens”
    It is here, & here is a blog he passes along from his writings inside the Bank.  Here is Romer on his dyslexia.The post Paul Romer’s blog post “Romer slaughters kittens” appeared first on Marginal REVOLUTION.
    - 59 mins ago 26 May 17, 4:22am -
  • !What I’ve been reading
    1. Harold James, The German Slump: Politics and Economics 1924-1936.  Not economic history in the post-cliometrics sense, but a history of economic issues, very high quality, full of good information on just about every page. 2. William Rosen, Mirac…
    - 1 hour ago 26 May 17, 4:10am -
  • !Paul Romer *and* the World Bank
    I have no direct knowledge of the situation, but here is an extensive report from Bloomberg.  The summary headers are: Paul Romer to give up management of research department Researchers chafed against push to communicate more clearly But there is m…
    - 10 hours ago 25 May 17, 7:15pm -
  • !Star Wars markets in everything
    The Millennium Falcon piano: If you can play the “Imperial March” in less than 12 parsecs, you’ll want to check out this highly customized Millennium Falcon piano up for auction on eBay. The piano starred in a popular YouTube video featuring pi…
    - 12 hours ago 25 May 17, 5:49pm -
  • !Thursday assorted links
    1. An Indian village addicted to chess. 2. Follow-up post on overvalued bike lanes. 3. B. McCoy’s review of Washington, D.C. 4. The energy expansions of evolution (interesting, speculative, worth reading). 5. Sorting two tons of Lego bricks by mach…
    - 13 hours ago 25 May 17, 4:04pm -

Beat The Press

Liberty Street Economics


  • Are the Rich Really Less Generous Than the Poor?
    A series of academic studies suggest that the wealthy are, to put it bluntly, selfish jerks. It’s an easy narrative to swallow — but is it true? A trio of economists set out to test the theory. All it took was a Dutch postal worker’s uniform, s…
    - 1 day ago 25 May 17, 3:00am -
  • Earth 2.0: What Would Our Economy Look Like?
    Season 6, Episode 37 This week on Freakonomics Radio: Stephen J. Dubner asks, “If we could reboot the planet and create new systems and institutions from scratch, what would that look like?” This first installment of our Earth 2.0 series is a…
    - 6 days ago 19 May 17, 10:30pm -
  • Hoopers! Hoopers! Hoopers!
    As CEO of Microsoft, Steve Ballmer was famous for over-the-top enthusiasm. Now he’s brought that same passion to the N.B.A. — and to a pet project called USAFacts, which performs a sort of fiscal colonoscopy on the American government.The post H…
    - 8 days ago 18 May 17, 3:00am -
  • The Future (Probably) Isn’t as Scary as You Think
    Season 6, Episode 36 This week on Freakonomics Radio: what is truly inevitable? Stephen J. Dubner speaks with Internet pioneer Kevin Kelly about why we shouldn’t be afraid of the future and the folly of prediction. Plus: why can’t we predict ea…
    - 14 days ago 11 May 17, 8:30pm -
  • How Big is My Penis? (And Other Things We Ask Google)
    On the Internet, people say all kinds of things they’d never say aloud — about sex and race, about their true wants and fears. Seth Stephens-Davidowitz has spent years parsing the data. His conclusion: our online searches are the reflection of ou…
    - 15 days ago 11 May 17, 3:00am -

Conversable Economist

  • The State of Global Financial Integration
    Before the Great Recession, cross-border financial assets were on the rise. Since then, the overall rise in cross-border assets has leveled off and the pattern of cross-border assets has shifted somewhat from international debt  to foreign direct in…
    - 2 days ago 24 May 17, 2:45pm -
  • Meat Substitutes:Soy, Mealworms, and Crickets
    Meat, and especially beef, has a heavy environment footprint by the time you take into account the farm products and land needed to produce it. In particular, if one looks out at the emerging and not-yet-emerging markets across the global economy, an…
    - 3 days ago 23 May 17, 1:00pm -
  • Rising Job Tenure and Its Tradeoffs
    Given the tumultuous changes in the US economy in recent years, I would have guessed that average "job tenure"--that is, the average time that someone with a job has held that job--was declining. My guess would have been wrong. Henry R. Hyatt and Ja…
    - 4 days ago 22 May 17, 1:00pm -
  • Pass-Through Corporations (Which Don't Pay Corporate Income Tax)
    When most people think of corporations and corporate taxes, they think of a company with shareholders, and buying and selling stock. But that's only one form of corporation, called a C-corporation in tax law. There are also corporations that don't is…
    - 7 days ago 19 May 17, 1:19pm -
  • Associational Life in America
    The concept of "social capital" is slippery to measure or analyze, but the OECD, for example, defines it as “networks together with shared norms, values and understandings that facilitate co-operation within or among groups.” The great economist…
    - 8 days ago 18 May 17, 1:00pm -

The Economist

VOX - CEPR's Policy Portal

  • Welfare: Savings not taxation
    The future of publicly funded welfare states is in doubt as costs trend upward, yet there is little agreement about the shape of the necessary reforms. This column uses the case of New Zealand to show how tax cuts can be designed to establish compuls…
    - 1 day ago 25 May 17, 12:00am -
  • The puzzle of high policy uncertainty and low market volatility
    Since 2000, political uncertainty has had a strong influence on market volatility in the US. Since Donald Trump became president, however, high policy uncertainty has not translated into high market volatility. Building on a theoretical framework lin…
    - 1 day ago 25 May 17, 12:00am -
  • Gauging globalisation
    The economic effects of foreign direct investment are generally expected to be positive for the host economy. However, this is usually conditional on certain thresholds of development being met, for instance in terms of human capital or institutional…
    - 1 day ago 25 May 17, 12:00am -
  • Risk-based capital requirements and corporate lending
    Bank risk-weighted assets differ significantly across banks. Using a unique database covering Europe’s top 50 banking groups, this column argues that national segmentations explain a significant (albeit decreasing) share of this variability. Furthe…
    - 2 days ago 24 May 17, 12:00am -
  • Financial integration in the Eurozone should not be a tough sell
    Much progress has been made in recent years to improve the financial integration of the Eurozone.  This column argues that while banking union promotes stability, markets remain fragmented and consumers aren’t yet fully enjoying the fruits of inte…
    - 2 days ago 24 May 17, 12:00am -


  • !Tabarrok on the Great Depression, by David Henderson
    Alex Tabarrok narrates a very good video on the Great Depression. It's called "Understanding the Great Depression." In it, he applies an aggregate demand/aggregate supply framework and puts most of what happened in that framework. I have two criticis…
    - 5 hours ago 26 May 17, 12:07am -
  • !What if we had a financial crisis without tight money?, by Scott Sumner
    In the comment section of a recent post, Thomas Hutcheson and I discussed what would happen if there were a financial crisis without tight money (defined as sharply falling NGDP growth.) It's not easy to find examples, because financial crises are o…
    - 9 hours ago 25 May 17, 8:28pm -
  • !Nationalism Is Not News, by Bryan Caplan
    In the last two years, there's been an avalanche of news on the "rise of nationalism."  I find this narrative deeply aggravating.  My critics - even a colleague or two - say it's because I'm in denial over the painful facts.  But what really aggra…
    - 10 hours ago 25 May 17, 6:57pm -
  • !Does John Cochrane get Italy wrong?, by Alberto Mingardi
    John Cochrane took part in a debate on Italy and the euro, hosted by Il Sole 24 Ore, Italy's premier financial daily. The debate was promoted by Luigi Zingales. Most of my friends thought it was not a great idea, for it put on par contributions from…
    - 13 hours ago 25 May 17, 4:22pm -
  • Larry Summers Trumps Trump, by David Henderson
    On agriculture, China reiterated a promise that it has broken in the past to let in more beef. Previously, we, as reciprocity, had been withholding publication of a permissive rule on Chinese poultry, but we have now relented. Advantage China.This…
    - 1 day ago 24 May 17, 9:04pm -

Paul Krugman

Economists View

  • !Blinder: Why, After 200 Years, Can’t Economists Sell Free Trade? (Video)

    - 10 hours ago 25 May 17, 7:32pm -
  • !Fed Watch: Fed Not Ready To Change Course
    Tim Duy: Fed Not Ready To Change Course, by Tim Duy: The minutes of the May Federal Reserve meeting reveal central bankers remained poised to raise interest rates again in June: With respect to the economic outlook and its implications...
    - 13 hours ago 25 May 17, 4:22pm -
  • !Links for 05-25-17
    Why Work Requirement Became a Theme of the Trump Budget - NYTimes Equitable Growth in Conversation: Sandra Black - John Schmitt Democracy and the politics of intolerance - Understanding Society A Note on Coursera CEO Rick Levin's Clark Kerr Lecture..…
    - 22 hours ago 25 May 17, 7:06am -
  • Trump’s “China Deal” is Only a Good Deal for China
    Larry Summers: Trump’s “China deal” is only a good deal for China: The events of the last week have crowded out reflection on economic policy. But things have been happening. Commerce Secretary Wilbur Ross described the trade deal reached with.…
    - 2 days ago 24 May 17, 4:09pm -
  • Links for 05-24-17
    Some reflections on Japanese monetary policy - Ben Bernanke Trump Is More Optimistic Than Reagan, and That’s Not Good - WSJ Economists See Little Magic in Tax Cuts to Promote Growth - NYTimes Trump’s Problematic Math - The New York...
    - 2 days ago 24 May 17, 7:06am -

Naked Capitalism