Blog Profile / Greg Mankiw's Blog

Filed Under:Business & Finance / Economics
Posts on Regator:1020
Posts / Week:2.4
Archived Since:June 7, 2008

Blog Post Archive

Putting Oil Prices in Perspective

Given the huge decline in oil prices over the past year, I thought it might be useful to put the current price in some historical perspective. Below is the price of oil relative to wages. Roughly, the graph shows the number of hours a production worker needs to work to make enough to buy one barrel of crude oil. Show More Summary

What I've Been Reading

The Opposite of Loneliness by Marina Keegan. A collection of wonderfully written short stories and essays by a young and promising writer.The book is uneven and, at times, would be benefited from a bit more editing and revision. Tragically,...Show More Summary

A New Resource

My colleague Ariel Pakes alerts me to a new website that should be of interest to readers of this blog: Microeconomic Insights provides accessible summaries of high quality microeconomic research which informs the public about microeconomic issues that are, or should be, in the public’s eye. Show More Summary

One Cheer for Ted Cruz

Up to now, I have been skeptical about Ted Cruz. Yes, he is smart and articulate, and he is a graduate of my two of my favorite universities. But politics is a team sport, and based on his time as a member of the Senate, Cruz does not seem much like a team player. Show More Summary

New Research on the Minimum Wage

From UCSD economist Jeffrey Clemens: The Minimum Wage and the Great Recession: Evidence from the Current Population Survey I analyze recent federal minimum wage increases using the Current Population Survey. The relevant minimum wage increases were differentially binding across states, generating natural comparison groups. Show More Summary

Humor at the ASSA

I will miss the ASSA meetings this year. But I want to give a shout out to the AEA Humor Session. It will be on Monday January 4, 2016, from 8 to 9:30 pm in room "Imperial A" of the Hilton Union Square in San Francisco. The humor session is one of the only parts of the American Economic Association annual meeting that is free and open to the public!

Pigou Club News

Back in September I wrote a column about the effort in Washington state to enact a carbon tax. Interested readers can learn how things are going there by reading this post by my friend Yoram Bauman.

The High Cost of Higher Ed

Click here to read my column in Sunday's New York Times.

Elmendorf Unleashed

Brookings has released twelve short videos of Doug Elmendorf, former CBO director and incoming Kennedy School dean, answering key questions about economic policy.

Job Losses and the Minimum Wage

David Neumark has a nice piece in the Wall Street Journal about the minimum wage.

"the Saudi Arabia of maple syrup"

A former student send along this amusing story about Quebec's cartelization of the maple syrup market.

Understanding Trump

This passage from Ross Douthat caught my eye: Writing for Slate last week, Jamelle Bouie argued that Trumpism, however ideologically inchoate, manifests at least seven of the hallmarks of fascism identified by the Italian polymath Umberto Eco. Show More Summary

Sad News from Harvard Square

Yenching Shutters Doors After 40 Years.I have been a patron of this restaurant since I arrived in Cambridge as a student in 1980 and, over the years. have taken hundreds of students here for lunch. For me, this is the end of a era.

Grad School Recommendations

Here is a guest post from NYU economist David Backus. I should probably get over this, but I just went through something like the following twenty times: Click on link in email. If you failed to log out the previous time, you need to close your browser and start again. Show More Summary

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