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Publication: Econbrowser

First reported 3 hours ago - Updated 2 hours ago - 1 reports

Are There Reasonable Approaches to Fiscal Consolidation?

According to the CBO, under the President’s budget, the deficit hovers around 2% of GDP, and debt-to-GDP stabilizes through 2023 at levels lower than today’s. Hence, were the President’s budget to be implemented, the budget would be on a path to medium ... [Published Econbrowser - 3 hours ago]

Entities: Taxes, Clinton Administration, War in Iraq

First reported 9 hours ago - Updated 9 hours ago - 1 reports

Koch's Coke

...in Detroit Here is striking photo of a pile of by-product of processing Canadian tar sands oil, from NY Times : Figure 1: Petroleum coke, a waste byproduct of refining oil sands oil, is piling up along the Detroit River. As the article notes: ... [Published Econbrowser - 9 hours ago]

Entities: Oil Sands, By-product, Detroit (Michigan, United States)

First reported May 19 2013 - Updated May 20 2013 - 1 reports

International Monetary Fund

Sovereign debt concerns in 2013

Interest rates on government debt for a number of European countries-- notably Greece, Portugal, Ireland, Italy, and Spain-- shot up considerably during 2010-2012. Those yields have fallen significantly from their peaks, though these five countries ... [Published Econbrowser - May 19 2013]

Entities: Greece, Japan, Recession, International Monetary Fund, United States

First reported May 16 2013 - Updated May 16 2013 - 1 reports

George Akerlof on the Response to the Financial Crisis and Great Recession

In a blogpost taking stock of the IMF conference on lessons from the crisis , the Nobel laureate distills the lessons learned. He makes the following observations: Not only are financial recessions deeper and slower in recovery than in normal recessions. ... [Published Econbrowser - May 16 2013]

Entities: George Akerlof, Financial Crisis, Recession

First reported May 14 2013 - Updated May 14 2013 - 1 reports

Federal Reserve Bank of St Louis

Crowding Out Watch, Heritage Edition

Heritage's Salim Furth writes : If interest rates are responsive to news, most macroeconomic models agree that government “stimulus” spending crowds out private investment. In usual times, with responsive interest rates, New Keynesian models[4] typically ... [Published Econbrowser - May 14 2013]

Entities: Federal Reserve Bank of St Louis, Advisers, Christina Romer, Jared Bernstein, American Recovery & Reinvestment Act

First reported May 12 2013 - Updated May 12 2013 - 1 reports

Fannie Mae

How Fannie Mae made its profit

Mortgage buyer and insurer Fannie Mae was in the news again this week. First, let me review a little of the history of how we got here. Fannie Mae (otherwise known as the Federal National Mortgage Association) was created by an act of the United States ... [Published Econbrowser - May 12 2013]

Entities: Fannie Mae, Freddie Mac, Mortgages, United States Government

First reported May 10 2013 - Updated May 10 2013 - 1 reports

The Multiplier in Action

The impact of contractionary fiscal policies, from NY Times , based on Moody's Analytics estimates. Figure accompanying J. Calmes, J. Weisman, "Economists See Deficit Emphasis as Impeding Recovery ," NY Times May 8, 2013 . For the estimated impact ... [Published Econbrowser - May 10 2013]

Entities: Action, Advisers, Growth Rates, Analytics

First reported May 10 2013 - Updated May 10 2013 - 1 reports

Guest Contribution: "Addressing China’s macroeconomic imbalances through sectorial reforms"

Today we are fortunate to have a guest contribution written Hiro Ito (Portland State U.) and Ulrich Volz (U. London SOAS and DIE). This article is based Ito and Volz ( RIE , 2013). It has been long argued that correcting microeconomic distortions ... [Published Econbrowser - May 10 2013]

Entities: China, Reformism, Current Account Balance, Health Care

First reported May 08 2013 - Updated May 08 2013 - 1 reports

The soaring stock market

Broad market indicators like the S&P500 have been making all-time nominal highs. What's the significance of that for investors and the economy? S&P500. Source: Google Finance . Rather than just look at nominal stock prices, it makes more sense to ... [Published Econbrowser - May 08 2013]

Entities: Robert Shiller, Stock Market, S&P 500, Arithmetic

First reported May 08 2013 - Updated May 08 2013 - 1 reports

Semester’s Coda

Crowding Out Watch, Continued The end of the semester has arrived, and as I prepared my last lecture, I checked to see how the government deficits had impacted yields. Real yields were pretty much as they were when the semester began in January. Figure ... [Published Econbrowser - May 08 2013]

Entities: Yield Curve, yield, Federal Reserve Bank of St Louis

First reported May 06 2013 - Updated May 06 2013 - 1 reports

Heritage Assesses the Ever-Expanding Ever-Centralizing Federal Government Sector

In a graphically interesting discussion of the April employment situation release , James Sherk and Salim Furth write : State and local governments avoided the massive job losses of 2008 and 2009 that affected the private sector—these governments ... [Published Econbrowser - May 06 2013]

Entities: James Sherk, Census, Workers, Postal Worker, Recession

First reported May 04 2013 - Updated May 04 2013 - 1 reports

R&D and benchmark revisions of GDP for Robinson Crusoe

Beginning with the third quarter of this year, the BEA plans to report the U.S. GDP and national income accounts on a new basis . One of the purposes of the change is to better reflect the importance of intellectual capital and technological innovation ... [Published Econbrowser - May 04 2013]

Entities: Research & Development, Commodities, Laborer, Vessel, Enrichment

Quotes

Figure accompanying J Calmes, J Weisman, "Economists See Deficit Emphasis as Impeding Recovery"

The Multiplier in Action [Published Econbrowser - May 10 2013]

Pollin and Ash first produce a graph that supports the statement I made that "At the moment, the interest rate on U S government debt is extremely low, so that despite our high debt load, the government's net interest cost is currently quite reasonable." However, they dismiss the possibility that interest rates may rise from their current low levels as merely the projections of "deficit hawks," stating...

Reinhart-Rogoff and Herndon-Ash-Pollin: a few further comments [Published Econbrowser - Apr 24 2013]

"World Bank staff calculations, from Reinhart-Rogoff data fragment . Note: Means for each bin are simple averages of all by-country observations within each respective bin, weighted equally by country. Observations for the >90% bin include updated data for New Zealand for all years, averaging 2.58%. 95 percent confidence intervals computed from standard errors for available observations within each mean."

No Time for Austerity: US Edition [Published Econbrowser - Apr 18 2013]

...This sum is reported in Table FD-7 of the Treasury Bulletin as "Treasury holdings of securities issued by government corporations and other agencies." This balance grew from $104 B in 2007 to $714 B in 2012. This number is included in the $11...

Growing student debt [Published Econbrowser - Apr 14 2013]

More Content

sort by: Date \| Relevance
Are There Reasonable Approaches to Fiscal Conso... [Published Econbrowser - 3 hours ago]
Koch's Coke [Published Econbrowser - 9 hours ago]
Sovereign debt concerns in 2013 [Published Econbrowser - May 19 2013]
George Akerlof on the Response to the Financial... [Published Econbrowser - May 16 2013]
Crowding Out Watch, Heritage Edition [Published Econbrowser - May 14 2013]
How Fannie Mae made its profit [Published Econbrowser - May 12 2013]
The Multiplier in Action [Published Econbrowser - May 10 2013]
Guest Contribution: "Addressing China’s macroec... [Published Econbrowser - May 10 2013]
The soaring stock market [Published Econbrowser - May 08 2013]
Semester’s Coda [Published Econbrowser - May 08 2013]
Heritage Assesses the Ever-Expanding Ever-Centr... [Published Econbrowser - May 06 2013]
R&D and benchmark revisions of GDP for Robinson... [Published Econbrowser - May 04 2013]
Trend and Nonlinear Cyclical Employment Dynamics [Published Econbrowser - May 02 2013]
Links for 2013-05-01 [Published Econbrowser - May 01 2013]
Unconventional Monetary Policy Effects on the E... [Published Econbrowser - Apr 30 2013]
A Message from the 2013Q1 Advance Release [Published Econbrowser - Apr 30 2013]
The contributions of Reinhart and Rogoff [Published Econbrowser - Apr 28 2013]
Another mediocre GDP report: is this the new no... [Published Econbrowser - Apr 26 2013]
Wisconsin: Economic Development [Published Econbrowser - Apr 26 2013]
Measuring Financial Openness [Published Econbrowser - Apr 26 2013]
Reinhart-Rogoff and Herndon-Ash-Pollin: a few f... [Published Econbrowser - Apr 24 2013]
Reply to Prof. Hamilton regarding "Reinhart-Rog... [Published Econbrowser - Apr 24 2013]
Guest Contribution: "Fairness and Sustainabilit... [Published Econbrowser - Apr 23 2013]
Reinhart-Rogoff data problems [Published Econbrowser - Apr 21 2013]
Wisconsin in March: Nonfarm payroll employment ... [Published Econbrowser - Apr 20 2013]
No Time for Austerity: US Edition [Published Econbrowser - Apr 18 2013]
"The Great Divergence of Policies" [Published Econbrowser - Apr 18 2013]
Gold Prices Falling [Published Econbrowser - Apr 16 2013]
"Rethinking Macro Policy II: First Steps and Ea... [Published Econbrowser - Apr 16 2013]
Growing student debt [Published Econbrowser - Apr 14 2013]

Blogs

sort by: Date \| Relevance
Are There Reasonable Approaches to Fiscal Conso... [Published Econbrowser - 3 hours ago] According to the CBO, under the President’s budget, the deficit hovers around 2% of GDP, and debt-to-GDP stabilizes through 2023 at levels lower than today’s. Hence, were the President’s budget to be implemented, the budget would be on a path to medium ...
Koch's Coke [Published Econbrowser - 9 hours ago] ...in Detroit Here is striking photo of a pile of by-product of processing Canadian tar sands oil, from NY Times : Figure 1: Petroleum coke, a waste byproduct of refining oil sands oil, is piling up along the Detroit River. As the article notes: ...
Sovereign debt concerns in 2013 [Published Econbrowser - May 19 2013] Interest rates on government debt for a number of European countries-- notably Greece, Portugal, Ireland, Italy, and Spain-- shot up considerably during 2010-2012. Those yields have fallen significantly from their peaks, though these five countries ...
George Akerlof on the Response to the Financial... [Published Econbrowser - May 16 2013] In a blogpost taking stock of the IMF conference on lessons from the crisis , the Nobel laureate distills the lessons learned. He makes the following observations: Not only are financial recessions deeper and slower in recovery than in normal recessions. ...
Crowding Out Watch, Heritage Edition [Published Econbrowser - May 14 2013] Heritage's Salim Furth writes : If interest rates are responsive to news, most macroeconomic models agree that government “stimulus” spending crowds out private investment. In usual times, with responsive interest rates, New Keynesian models[4] typically ...