Business-Cycle Conditions

Tuesday, November 15th, 2011
I’m trying to wrap my brain around the recent wave of ‘respectable’ economists coming out in favor of higher inflation.
Monday, November 7th, 2011
In a previous post we commented on some aspects that are relevant for business cycles in the context of open economies.
Friday, November 4th, 2011

Business Cycle Conditions

November, 2011
GDP growth is close to the long-term trend. But the driving economic engine created by consumer spending could run out of juice.
by Polina Vlasenko, PhD, Research Fellow

Saturday, October 29th, 2011
It is a common argument that the gold standard was one of the reasons of the Great Depression. The Federal Reserve, it is argued, was unable to follow an optimal monetary policy, with its hands tied with the gold standard regime. However, as Timberlake (2008, p.
Friday, October 21st, 2011
The Financial Crisis of 2008 brought attention, once more, to the problem of business cycles. There are different approaches to study the phenomenon of business cycles. Some of them rest on shocks to the real economy (i.e.
Sunday, October 16th, 2011
Score Update: Government beating economy 21-3 late in 4th quarter…I hate to use sports metaphors when talking about the economy because, while the two realms share some basic themes (like competition), their outcomes are radically different.
Sunday, October 16th, 2011
As the Wall Street Journal reports, 6 Yale economists convened
Wednesday, September 7th, 2011
“Faced with the problem of deciding between this and that, we are not entitled to look to Economics for the ultimate decision.  There is nothing in Economics which relieves us of the obligation to choose.  There is nothing in any kind of science which can decide the ultimate problem of pref
Tuesday, September 6th, 2011

Business Cycle Conditions

September, 2011
Growth may be slow, with taxes offsetting increases in income. But the economy shows surprising structural strength.
by Steven R. Cunningham, PhD, Director of Research and Education

Wednesday, August 10th, 2011
The turmoils affecting the economics and financial markets in the United States and Europe do not seem to go away as fast as anyone would want to. Those who warned that this may be a crisis with a "W" shape may well be right.
Wednesday, August 3rd, 2011
This week was of high political voltage because of the debt ceiling debate. Could the most important economy in the world default its debt? And in such case, what would happen, not only to the United States, but to the worldwide economy, given that we are in the midst of a financial crisis?
Monday, August 1st, 2011

Business Cycle Conditions

August 2011
Weakness is spreading as the jobless rate remains high and several parts of the economy adjust to changing times and struggle to recover from recession.
by Polina Vlasenko, PhD, Research Fellow

Monday, July 25th, 2011
Article and photo originally published at The Weekly StandardAugust 1, 2011
Friday, June 3rd, 2011

Business Cycle Conditions

June, 2011
Excessive debt keeps the private sector from taking off. No government stimulus can fix this.
by Polina Vlasenko, PhD, Research Fellow

Monday, May 30th, 2011
"Federal Reserve Bank of Kansas City President Thomas Hoenig, the central bank’s longest-serving policy maker, said the U.S. needs to raise interest rates to encourage individuals to save and avoid future asset bubbles.
Tuesday, May 24th, 2011
"To begin, the national debt has provoked concern over the stability of US debt. Last month Standard and Poor’s revised its sovereign credit rating of the U.S. in the long-term from stable to negative. Last week the US reached its debt limit, which, justified or not, has perpetuated this anxiety.
Thursday, May 19th, 2011
"The U.S. Consumer Price Index for April provided insight into one reason why the housing market is so quiet. While home prices have been showing steady erosion so far this year, as recorded by the S&P Case-Shiller index, the price level for a basket of consumer goods has been rising.
Thursday, May 19th, 2011
"William Niskanen (2002) estimated a Phillips curve for the United States using annual 1960–2000 data. By adding one-year lagged terms in unemployment and infl ation, he was able to show that this familiar equation is misspecified.
Wednesday, May 18th, 2011
"The federal government recently placed Fannie Mae and Freddie Mac, the government chartered, privately owned mortgage finance companies, in conservatorship.

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