The ECB would rather get its way by influencing expectations through threats than through action.
Tim Duy: Ahead of the Employment Report, by Tim Duy: Another first Friday, another employment report. Although the general expectation is that the Fed holds its currently policy in place, there is speculation that the monetary policymakers could pull the...
Upward revision in GDP renews investor fears that Fed will soon reduce stimulus, plus more MoneyWatch headlines
A Gallup survey shows rising European joblessness is accompanied by falling living standards as Nearly Half of Younger Southern Europeans UnderemployedIn 2013, nearly half of 15- to 29-year-olds in six southern European countries are...Show More Summary
What did we expect from European Central Bank President Mario Draghi Thursday? Well not fireworks. Following last month’s surprise cut in the main refinancing rate, there were no expectations of further change in rates, but markets are always grateful for an extra mile of forward guidance. The Governing Council certainly seems to have decided it [...]
It may sound a bit dark, but it’s now possible to transform the ashes of the cremated deceased into a diamond–a jewel truly to remember. Using Russian technology, Algordanza Memorial Diamonds are created in a similar fashion to the way natural diamonds are formed. Here’s...
(December 5, 2013 01:59 PM, by David Henderson) My friend Ross Levatter, whose article I lauded in my previous post, often makes fun of me for being so optimistic. By the way, as I told him recently, the best argument I've ever seen against my optimism was this... (0 COMMENTS)
(December 5, 2013 12:36 PM, by Bryan Caplan) Increases in the minimum wage are usually "phased-in." Instead of raising the minimum wage overnight, the law usually specifies a series of steps. The Fair Minimum Wage Act of 2007 increased the prior $5.15 minimum wage in three steps:...to... (0 COMMENTS)
Taxpayers shell out $899 million annually to subsidize tellers, while bank CEO pay surged 20% in 2011.
Gloomy European Economist is, well, gloomy: What is Wrong with the EU?: Eurostat just released the 2012 figures for poverty and social exclusion in the EU. The numbers are terrifying. Let me quote the press release: “In 2012, 124.5 million...
A new paper from researchers at the Federal Reserve Bank of Cleveland could assuage the concerns of some market participants who still doubt the Fed’s commitment to keep rates low even after the recovery picks up steam.
The 50th anniversary version comes with a new design and three engine choices
This proposal is pretty close to what I’ve previously advocated: WASHINGTON — Here’s some holiday cheer: 120 million American families no longer have to file income tax returns; the top individual rate is lowered 20 percent; the top corporate rate is cut by more than half; the government gets the same amount of revenue; and [...]
How the government measures income inequality.
The U.S. economy is growing at a steady pace and the job market is firming up. But that's not how it feels in two cities in the southwest.
Research shows where to put the blame when investment returns heads south: your broker
In October I was looking for an Upside Payroll Surprise. For November, my guess is closer to the consensus forecast of 180,000 payroll jobs added. The consensus is for the unemployment rate to decrease to 7.2% in November from 7.3% in...Show More Summary
A roundup of economic news from around the Web.
It's Europe’s final monetary policy decision day for 2013. Both the Bank of England and the European Central Bank have kept rates on hold.
I thought Noah Smith's post on why we should teach intro micro before intro macro was very good. I agree with Noah: even though macro is much more glamorous, micro is just as useful and important, and we are more...