Supply and Demand (in that order)
Friday, May 29, 2009
Flashback: BEA will Revise Up
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In April, I said that real GDP fell 1.0 - 1.5 percent 2008 Q4 - 2009 Q1. The -1.0 was based on an analysis of spending; the -1.5 on an anal...
Wednesday, May 27, 2009
The Anatomy of a Housing Recovery
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We receive monthly housing data from a variety of sources, and some of the reports seem to conflict with others, so an understanding of the ...
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How Much Will ‘Cap and Trade’ Cost?
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Copyright, The New York Times Company As part of a public strategy to offset global warming, the president and Congress are considering poss...
1 comment:
Tuesday, May 26, 2009
March and April Housing Activity
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The Case-Shiller house price index released today shows that housing prices fell 2 percent March - April 2009 (significantly more than const...
Sunday, May 24, 2009
More Labor Supply, or Less?
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We expect people to retire later as a result of the stock and housing market crashes. This article explains how survey evidence indicates ...
Wednesday, May 20, 2009
The Incidence of Women's Progress -- Technical Version
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In the New York Times Economix blog today, I discussed recent empirical findings that women have lost in relative happiness even while their...
Who Benefits From Women’s Progress?
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Copyright, The New York Times Company Over the last couple of decades, professional achievements and pay have grown substantially for women ...
Tuesday, May 19, 2009
No Housing Recovery in April
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The Commerce Department reported this morning that housing starts were low in April. I also noticed last week that the BLS reported that ho...
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Government Actually Can Shrink?!
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The idea of smaller government is usually just textbook material. But Canada has actually done it -- look at the chart below from Cato (I fi...
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Sunday, May 17, 2009
Update of a Bad Picture
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The 1930s were different from today in many ways. But its hard to see those differences in this chart of monthly industrial production. In t...
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