Chuck Lane is on the offensive on Twitter! Incivility rewarded: @johnpodesta picks sneering, rancorous @delong to blog for his new inequality think tank— Charles Lane (@ChuckLane1) December 12, 2013 I reply appropriately over at theShow More Summary
I've got to take some issue with my friend Paul Krugman over his blogpost pronouncing the Trans-Pacific Partnership (TPP) no big deal. As a trade question he is undoubtedly right. The countries in the pact are ones with whom the United States already has extensive trade ties and generally low barriers. Show More Summary
From the Economic Inquiry miscellany section: ATTEMA, A. E., BROUWER, W. B.F. and VAN EXEL, J. (2014), YOUR RIGHT ARM FOR A PUBLICATION IN AER?. Economic Inquiry, 52: 495–502. doi: 10.1111/ecin.12013 The time tradeoff (TTO) method is popular in medical decision making for valuing health states. We use it to...
A year-long Senate investigation found that many government contractors are among the biggest labor law violators
NOT many development institutions celebrate their birthday with a band of African drummers and a loud party, especially when the events take place in the incongruously rigid setting of the campus of the Massachusetts Institute of Technology. Show More Summary
Something to read over the holiday break: Kuminoff, Nicolai V., V. Kerry Smith, and Christopher Timmins. 2013. "The New Economics of Equilibrium Sorting and Policy Evaluation Using Housing Markets." Journal of Economic Literature, 51(4): 1007-62. DOI: 10.1257/jel.51.4.1007 Abstract Households "sort" across neighborhoods according to their wealth and their preferences for...
Although most of the jobs created during the economic recovery have been lower-wage, some sectors pay well and are expected to grow next year
Are investors pushing these stocks too far, too fast?
As Federal Reserve officials approach their pivotal monetary policy meeting next week, markets want to know the answer to one question: Is it time to taper?
The predicament of the banks is rooted in deeper economic weaknesses.
The Commerce Department says retail sales rose 0.7 percent, the biggest gain in five months. Consumers spent more on cars, appliances and furniture and made more purchases online. Alexis Christoforous reports.
EPA: New cars, trucks sold last year got an average of 23.6 MPG; record came mainly through improvements to engines, transmissions
Decline buoys supporters of the program, which is facing massive cuts by lawmakers
Political anxiety is heating up in Spain. In a direct challenge to Spain's central government the Wall Street Journal reports Catalonia Political Parties Agree to Hold Independence Referendum. Political leaders in Spain's wealthy Catalonia region set Nov. Show More Summary
A new Fed study released Thursday comes down squarely against switching from paper notes to coins, concluding that the metal money would end up costing Americans more money.
Paul Krugman argues that the Trans Pacific Partnership is no big deal: I’ve been getting a fair bit of correspondence wondering why I haven’t written about the negotiations for a Trans Pacific Partnership... The answer is that I’ve been having...
Michael Froomkin: Hoovernomics Explains the Economy, by Michael Froomkin: This one chart tells you much of what you need to know about the fiscal side of the US economy: we’re dealing with a recession/depression Herbert Hoover style — by cutting...
A roundup of economic news from around the Web.
Deficit spending and untenable pension obligations frequently go together, and always cause problems when they do.Coupled with a buildup of debt, and a very bloated public sector (which also go hand-in-hand) Puerto Rico is about to fall to junk level. Show More Summary
Brad DeLong:...I would argue that the Hoover Institution has been a powerful and mighty coastal ideological voice arguing--and brainwashing--Americans in a direction that leads not just to a more unequal, but to a less entrepreneurial America (dominance of existing...