NYT - Economy

Bloomberg View

Calculated Risk

  • !Fed's Beige Book: "Modest to moderate"expansion, Labor markets "Tight"
    Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Minneapolis based on information collected on or before October 6, 2017"Reports from all 12 Federal Reserve Districts indicated that economic activity increased in September th…
    - 4 hours ago 18 Oct 17, 6:06pm -
  • !Comments on September Housing Starts
    Earlier: Housing Starts decreased to 1.127 Million Annual Rate in SeptemberThe housing starts report released this morning showed starts were down 0.8% in September compared to August (August was revised up slightly), and starts were up 6.1% year-ove…
    - 6 hours ago 18 Oct 17, 4:15pm -
  • !AIA: Architecture Billings Index "Backslides Slightly" in September
    Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index Backslides SlightlyAfter seven months of steady growth in the  demand for design services, the Architecture…
    - 8 hours ago 18 Oct 17, 2:46pm -
  • !Housing Starts decreased to 1.127 Million Annual Rate in September
    From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,127,000. This is 4.7 percent below the revised August estimate of 1,183,000, but is 6.1…
    - 10 hours ago 18 Oct 17, 12:40pm -
  • !MBA: Mortgage Applications Increase in Latest Weekly Survey
    From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 3.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the…
    - 11 hours ago 18 Oct 17, 11:00am -

The Undercover Economist

  • Echoes of a bygone age show Britain losing its sense of direction
    “It’s that 1970s vibe again,” a senior colleague tells me. This being the Financial Times I presume he is picking up echoes of a bygone economic and political milieu, rather than gleefully anticipating the re-emergence of flares or X-rated movi…
    - 5 days ago 13 Oct 17, 1:02pm -
  • Why Thaler’s Nobel is a well-deserved nudge for behavioural economics
    Richard Thaler has won the Nobel memorial prize in economics, an award that had been anticipated for some time. Mr Thaler is a behavioural economist, one of the group of economists who applies insights from psychology, or perhaps plain common sense,…
    - 7 days ago 11 Oct 17, 1:08pm -
  • Behavioural economics books to enjoy
    Congratulations to Richard Thaler, who has been awarded the Nobel memorial prize in economics “for his contributions to behavioural economics”. Thaler is a worthy winner. In addition to his academic contributions, alongside the likes of Daniel Ka…
    - 9 days ago 9 Oct 17, 1:23pm -
  • True diversity means looking for the knife in a drawer of spoons
    Forget the new year’s resolution: September, not January, is the time for new starts. College freshers are preparing to leave home, graduates are ironing shirts and blouses and dressing up for their first day in the office. Recruiters and admission…
    - 13 days ago 5 Oct 17, 12:47pm -
  • Messy – paperback publication day US

    - 14 days ago 4 Oct 17, 11:59am -

Marginal Revolution

  • !Is Leonardo da Vinci overrated?
    The Mona Lisa is not the best artwork ever, and as a painter I am not sure Leonardo is much better than either Mantegna or Piero della Francesca, neither of whom is much known to the general public, much less Titian.  He has no work as stunning as M…
    - 4 hours ago 18 Oct 17, 5:52pm -
  • !My Conversation with Mary Roach
    Here is the transcript and podcast, here is the summary introduction: She joins Tyler for a conversation covering the full range of her curiosity, including fear, acclimating to grossness, chatting with the dead, freezing one’s head, why bedpans ca…
    - 8 hours ago 18 Oct 17, 2:17pm -
  • !Is Piketty’s Data Reliable?
    When Thomas Piketty’s Capital in the Twenty-First Century first appeared many economists demurred on the theory but heaped praise on the empirical work. “Even if none of Piketty’s theories stands up,” Larry Summers argued, his “deeply g…
    - 11 hours ago 18 Oct 17, 11:25am -
  • !Kim Jong Un is rational in a very long-term game
    That is the thesis of my latest Bloomberg column, note that Kim is only 33 and could be around for another fifty years or so he hopes.  Peaceful exile probably is not an option!  So how does one hold onto power and avoid those anti-aircraft guns? …
    - 18 hours ago 18 Oct 17, 4:46am -
  • Cutting corporate rates vs. boosting the EITC
    If the federal government boosts the Earned Income Tax Credit, or for that matter just lowers tax rates on lower-income workers, firms have an incentive to hire more labor (and also an incentive to expand hours for individual workers).  Those effect…
    - 1 day ago 17 Oct 17, 7:08pm -

Beat The Press

Liberty Street Economics

  • !What Explains Shareholder Payouts by Large Banks?
    On June 28, the Federal Reserve released the latest results of the Comprehensive Capital Analysis and Review (CCAR), the supervisory program that assesses the capital adequacy and capital planning processes of large, complex banking companies.
    - 11 hours ago 18 Oct 17, 11:00am -
  • Discretionary Services Spending Has Finally Made It Back (to 2007)
    The current economic expansion is now the third-longest expansion in U.S. history (based on National Bureau of Economic Research [NBER] dating of U.S. business cycles). Even so, average growth in this expansion—a 2.1 percent annual rate—has been…
    - 2 days ago 16 Oct 17, 11:00am -
  • Upstate New York’s Expansion Is Losing Steam
    All in all, the upstate New York economy fared pretty well during the last business cycle.
    - 5 days ago 13 Oct 17, 11:00am -
  • Just Released: New York Fed Markets Data Dashboard
    The Federal Reserve Bank of New York releases data on a number of market operations, reference rates, monetary policy expectations, and Federal Reserve securities portfolio holdings. These data are released at different times, for different types of…
    - 6 days ago 12 Oct 17, 2:00pm -
  • U.S. Monetary Policy as a Changing Driver of Global Liquidity
    International capital flows channel large volumes of funds across borders to both public and private sector borrowers. As they are critically important for economic growth and financial stability, understanding their main drivers is crucial for both…
    - 7 days ago 11 Oct 17, 11:00am -


  • School Start Times, Brand Names, and Too Much Ground Beef: TMSIDK Episode 31
    We filled this episode with insights about the true value of ground beef, sleeping in, company names, and more. Alex Wagner (CBS This Morning Saturday, The Atlantic) is our special guest co-host, with AJ Jacobs (author of It's All Relative) as real-t…
    - 3 days ago 16 Oct 17, 12:00am -
  • When the White House Got Into the Nudge Business
    Season 7, Episode 6 This week on Freakonomics Radio: a tiny behavioral-sciences startup in the Obama White House tried to improve the way federal agencies did their work. Considering the size (and habits) of most federal agencies, it wasn’t so simp…
    - 6 days ago 12 Oct 17, 10:00pm -
  • What Are the Secrets of the German Economy — and Should We Steal Them?
    Smart government policies, good industrial relations, and high-end products have helped German manufacturing beat back the threats of globalization.The post What Are the Secrets of the German Economy — and Should We Steal Them? appeared first on F…
    - 7 days ago 12 Oct 17, 3:00am -
  • Congratulations to Nobel Laureate Richard Thaler!
    It should surprise no one, and delight everyone, that Richard Thaler has won this year’s Nobel in economics. Congratulations! Thaler is a big reason I personally got interested in economics. (I’ve known him quite a bit longer than I’ve known St…
    - 9 days ago 9 Oct 17, 12:14pm -
  • How to Count to Infinity: TMSIDK Episode 30
    Mary Roach (author of Stiff, Spook, Bonk, Gulp, and Grunt) is our special guest co-host, with AJ Jacobs (author of It's All Relative) as real-time fact-checker. If the promise of tractor beams doesn't pull you in, our guests also explore rob…
    - 10 days ago 9 Oct 17, 12:00am -

Conversable Economist

  • !Housing Markets: A European Perspective
    Americans are all-too-familiar with issues in the US housing market: fluctuations in housing prices, along with problems of affordability and even homelessness. I'm not sure whether it is consoling or confounding to observe that similar problems exis…
    - 8 hours ago 18 Oct 17, 2:00pm -
  • Online Dating and Interracial Marriage
    Online dating has already altered romance, and it may be on its way to altering society more broadly by changing the way that people from different groups make connections.  Josué Ortega and Philipp Hergovich provide some evidence and analysis in…
    - 1 day ago 17 Oct 17, 2:00pm -
  • Learning, Not Just Schooling: World Development Report 2018
    The World Development Report 2018, one of the flagship reports of the World Bank, focuses on the theme "LEARNING To Realize Education's Promise." The thrust of the report is that school enrollments are up dramatically in developing countries across t…
    - 2 days ago 16 Oct 17, 2:29pm -
  • Independent Workers and Policy: Krueger's Moynihan Lecture
    Alan B. Krueger delivered the annual Daniel Patrick Moynihan Lecture on Social Science and Public Policy, on the topic of "Independent Workers: What Role for Public Policy," for the American Academy of Political and Social Science on May 18, 2017. V…
    - 5 days ago 13 Oct 17, 3:58pm -
  • The Lost US Lead in Education
    In the middle of the 20th century, the US economy had the enormous advantage that its workforce was by far the most skilled in the world. That advantage has largely dissipated. Alexander Monge-Naranjo of the St. Louis Fed provides some basic facts in…
    - 6 days ago 12 Oct 17, 3:26pm -

The Economist

VOX - CEPR's Policy Portal

  • !Bail-ins and bailouts: Incentives, connectivity, and systemic stability
    Worried about the cost of public bailouts, governments have proposed bail-ins whereby banks contribute to rescuing their debtors. This column analyses the conditions under which bail-in strategies can be credibly implemented, showing that this heavil…
    - 22 hours ago 18 Oct 17, 12:00am -
  • !Central bank evolution and innovation
    The role of central banks in monetary policy and financial stability has changed radically over time. This examines the similarities and idiosyncrasies of ten central banks, and also considers how inflation might have looked had the central banks be…
    - 22 hours ago 18 Oct 17, 12:00am -
  • Labour market-based knowledge spillovers
    The productivity benefits of similar firms locating near one another are well accepted, but there is little agreement on how knowledge spillovers have local effects. This column presents evidence from Italy of how firm-to-firm labour mobility enhance…
    - 2 days ago 17 Oct 17, 12:00am -
  • Making globalisation more inclusive
    Globalisation and technological change present policymakers with tremendous challenges in sustaining benefits while containing the dislocations and polarisation that are plaguing many countries. This column argues that the answer is not to roll back…
    - 2 days ago 17 Oct 17, 12:00am -
  • Brexit – a cry of financial pain, not the influence of the old
    There has been much debate on the determinants of the vote for Brexit. This column uses newly released data from the Understanding Society study to examine the characteristics of individuals who were for and against Brexit. Unhappiness contributed to…
    - 2 days ago 17 Oct 17, 12:00am -


  • Thoughts on the UMich Immigration Debate, by Bryan Caplan
    Thoughts on my latest debate:1. Hans von Spakovsky was the most lawyerly opponent I've ever debated.  His first (and second) approach to almost any issue was simply to describe the law.  In most cases, he didn't even defend its wisdom or justice. …
    - 1 day ago 17 Oct 17, 8:13pm -
  • Again on the Catalonian secession and the EU, by Alberto Mingardi
    Many people have pointed out that the Catalonian secession can trigger an economic shock. The Catalonians say they want to stay in the European Union and keep the euro, but they can't do so. If they secede, they'll need to enter again the EU (and the…
    - 1 day ago 17 Oct 17, 2:02pm -
  • Two Texas Talks, by David Henderson
    I'll be giving in two talks in Texas this week.Southern Methodist University, DallasSponsor: O'Neil Center for Global Markets & FreedomTopic: How Economists Helped End the DraftTime: Wednesday, 6:00 to 7:00 p.m. (Reception to follow)Place: Ernst…
    - 2 days ago 17 Oct 17, 1:59am -
  • Rethinking Macroeconomics, by Scott Sumner
    I recently attended a conference at the Peterson Institute on "Rethinking Macroeconomics", which mostly meant returning macro to its Keynesian roots. Readers may know that I have a contrarian take on the crisis---I believe it occurred because macroe…
    - 2 days ago 16 Oct 17, 8:54pm -
  • Does Trump's Immigration Agenda Harm Democracy? My Opening Statement, by Bryan Caplan
    Last Friday, I debated Heritage's Hans von Spakovsky on "Does Trump's Immigration Agenda Harm Democracy?"  The resolution was unusual for me in three ways:1. I usually try to stick to timeless issues.  For this debate, I had to discuss and analyze…
    - 2 days ago 16 Oct 17, 8:08pm -

Paul Krugman

Economists View

Naked Capitalism