Archive for the ‘Econbrowser’ Category:

Bank supervision and the Federal Reserve

{ Posted on Mar 17 2010 by James Hamilton }
In testimony today before Congress, Fed Chair Ben Bernanke outlined his reasons why the Federal Reserve is uniquely suited to be the regulatory supervisor for U.S. banks. Read More »

What Do Business Economists Think the ARRA Accomplished?

{ Posted on Mar 16 2010 by Menzie Chinn }
Or, counterfactuals, yet again. Or, rejoinder to Casey Mulligan, Joseph Lawler, david, tim kemper and others. From the WSJ March survey survey of forecasters, the results indicate that instead of the 0.15% growth rate recorded in 09Q4 y/y growth, the growth rate ...Read More »

2010 Econbrowser NCAA tournament challenge

{ Posted on Mar 15 2010 by James Hamilton }
If you're both a very faithful and a very passive Econbrowser reader, for two years now you've sat on the sidelines while you watched other, equally faithful but less passive readers participate in the world-famous Econbrowser NCAA Tournament Challenge, in ...Read More »

The challenges ahead for world oil

{ Posted on Mar 14 2010 by James Hamilton }
University of Leeds Professor Joyce Dargay and New York University Professor Dermot Gately have a new research paper suggesting that projections from the DOE, IEA, and OPEC are underestimating the challenges ahead for meeting world oil demand. Read More »

Update: the 2010-19 Impact of PPACA on Budget Balance

{ Posted on Mar 12 2010 by Menzie Chinn }
And a quantitative comparison to previous reconciliation measures. The CBO and the Congressional Joint Committee on Taxation (JCT) have updated cost estimates for H.R. 3590, the Patient Protection and Affordable Care Act (PPACA), as it was passed by the Senate on ...Read More »

Durable Goods and the Collapse of Global Trade

{ Posted on Mar 11 2010 by Menzie Chinn }
From a Dallas Fed Letter by Jian Wang: Durable goods represent a moderate share of the economy in most industrial countries -- in the U.S., for example, they accounted for 23.6 percent of real GDP in 2008. However, durable goods make ...Read More »

Whither the Yuan?

{ Posted on Mar 11 2010 by Menzie Chinn }
Political pressure seems to be mounting for yuan appreciation. [0] Figure 1 depicts the stability in the USD/CNY nominal exchange rate over the past year. Read More »

Modeling problems in credit markets

{ Posted on Mar 10 2010 by James Hamilton }
On Friday I joined fellow blogger Mark Thoma (and a good many other economists) at a very interesting conference on financial markets held at the Federal Reserve Bank of San Francisco. Here I share some ideas I expressed at ...Read More »

Aspirin

{ Posted on Mar 09 2010 by Menzie Chinn }
Russ Roberts writes: Menzie Chinn invokes the CBO "estimates" to argue against those who say the stimulus didn't work. Did the stimulus help turn the economy around and create jobs? I'm skeptical on logical grounds but I confess that I ...Read More »

Speaking of Unfunded Liabilities: Medicare Part D

{ Posted on Mar 09 2010 by Menzie Chinn }
The Financial Report of the United States Government, 2009 was released last week. Perusing the tables, one encounters the gigantic new, unfunded entitlement enacted in 2003, namely Medicare Part D. Read More »