Environmental Economics
The cromulent economics blog
recent posts
Category: Macroeconomics
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Krugman (Working From Home and Realizing What Matters): First things first: The reduction in commuting time is a seriously big deal. Before the pandemic, the average American adult spent about 0.28 hours per day, or more than 100 hours a year, on work-related travel. (Since not all adults are employed, the number for workers was…
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David Leonhardt reviews the successes (low unemployment) and failures (inflation) of President Biden's economic team as it transitions in the NYT's what I think used to be called the the Morning Brief but now it is The Morning. After mentioning infrastructure investment we get this: Close readers may have noticed that the above list of…
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From Reuters* (Biden to name Fed's Lael Brainard as top economic adviser): U.S. President Joe Biden is expected to name Federal Reserve Vice Chair Lael Brainard to the White House's top economic policy position as early as Tuesday, a source familiar with the matter said on Monday. … Markets' response was muted in Asia hours,…
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Retraction Watch: Influential paper linking recessions and left-wing voting patterns retracted) A highly cited economics paper that suggested people raised during recessions were more likely to vote for left-leaning political parties has been retracted, apparently due to a coding error that rendered the results invalid. The retraction marks a rarity among economics papers, which research…
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Here are the summary quotes: “NABE Outlook panelists continue to view the economy as having solid momentum entering 2019, but they foresee GDP growth cooling from 2.9% this year to 2.7% in 2019,” said NABE President Kevin Swift, CBE, chief economist, American Chemistry Council. “The panel expects the Federal Reserve to continue gradually tightening monetary…
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Since most of the major news outlets (CNN, MSNBC, FOX, Drudge (?),…) spend all of their time having partisan shouting matches, I thought I would update everyone on some ongoing economic and environmental trends, without mentioning or crediting or discrediting the contribution to those trends by any particular President past or present. I will leave…
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The WaPo: President Trump's top economist blasted the Congressional Budget Office on Tuesday, dismissing the scorekeeper's recent projections that the Republican tax law would push the nation's annual deficit over $1 trillion. “Never believe the CBO. Very important: Never believe them,” Larry Kudlow, director of Trump's National Economic Council, said during an interview on “Fox…
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We're working on PhD recruitment this week (if you applied to OSU AEDE and were accepted, join us, we're FUN!). I put together a Google map with our PhD placements since 2007. A bit scary that I might be influencing thinking for this many people and this wide an area.
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FiveThirtyEight's assessment of President Trump's first year: The upshot? Few dramatic changes in either direction. Jobs in the manufacturing and coal mining industries ticked up, the trade deficit shrank a bit, and the number of murders in some big cities decreased. The uninsurance rate got worse — the only change in the opposite direction of…
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If you haven't heard, the U.S. Congress is likely to pass a new income tax bill this week. CNN.com has a graphic with the existing and new income brackets and associated tax rates. This seems like a good time to talk a little about the difference between the marginal tax rates, total tax bills, and…
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