Lessons from Fighting 100 Inflations Since the 1970s

Inflation rates have come down since their peak in mid-2022. Does the Federal Reserve need to continue its inflation-fighting ways, keeping interest rates high? Anil Ari, Carlos Mulas-Granados, Victor Mylonas, Lev Ratnovski, and WeiZhao of the IMF look to historical and international experience in “One Hundred Inflation Shocks: Seven Stylized Facts” (September 2023, WP/23/190). As…

Lessons from Fighting 100 Inflations Since the 1970s

California dreaming no more

https://www.facebook.com/share/2EciTSSVUqxCnNUw/?mibextid=RXn8sy

2023 prize lecture in economic sciences | Claudia Goldin

LINDSAY MITCHELL: Oh, the irony

Appointed by new Labour PM Jacinda Ardern in 2018, Cindy Kiro headed the Welfare Expert Advisory Group (WEAG) tasked with reviewing and recommending reforms to the welfare system. Kiro had been Children’s Commissioner during Helen Clark’s Labour government but returned to academia subsequently. In 2019 the WEAG reported back with 42 recommendations including:Recommendation 11: Remove…

LINDSAY MITCHELL: Oh, the irony

Really?

It doesn’t seem to have been the best week for the Reserve Bank since the release of the latest Monetary Policy Statement last Wednesday. Of course, one could make a pretty compelling case that in the Orr years few weeks have been, and especially not any weeks when Bank figures actually say or do anything. […]

Really?

MICHAEL BASSETT: MODERN MAORI MYTHS

Many of the comments about the Coalition’s determination to wind back the dramatic Maorification of New Zealand of the last three years would have you believe the new government is engaged in a full-scale attack on Maori. In reality, all that is really happening is that ministers are stopping the crusade waged by the Ardern/Hipkins…

MICHAEL BASSETT: MODERN MAORI MYTHS

How to Kill a Country

Much of Seoul is a sea of high-rises. And not just Seoul: Busan and other cities in South Korea have lots of high rises. More than half of all South Korean households live in high rises, and well over 60 percent live in some kind of multifamily housing. Seoul: High … Continue reading →

How to Kill a Country

Chuck Schumer delivers Senate speech on antisemitism

You can read Chuck Schumer’s recent op-ed in the NYT, “What American Jews fear most,“, or you can watch his 40-minute speech on the topic given in the Senate (video below). I recommend listening to the speech, of which the op-ed is a short distillation. Alternatively, read the transcript, which you can find here. Schumer […]

Chuck Schumer delivers Senate speech on antisemitism

Lord Hannan, Daniel speaks about equality, the Treaty and the Taxpayers’…

Comparing EU-to-US Output Per Hour

The per capita GDP for the combined 27 countries of the European Union (EU-27) is about 72% of the US level. On the other side, the average worker in EU countries puts in far fewer hours on the job than do American workers. For example, OECD data says that the average US worker put in…

Comparing EU-to-US Output Per Hour

Prize lecture: David Card, Sveriges Riksbank Prize in Economic Sciences …

Unscheduled Battery Blowups Turning Electric Vehicles Into Mobile Time Bombs

The transition to electric vehicles is hardly going to plan: sales have collapsed in the US, EV manufacturers are bleeding cash and insurers are cranking up premiums to account for an uptick in the number of unscheduled battery blowups – aka ‘thermal runaways’. The vehicle doesn’t go anywhere, it simply self-immolates in a plume of […]

Unscheduled Battery Blowups Turning Electric Vehicles Into Mobile Time Bombs

Effective marginal tax rates, and work incentives for older people

Tax rates matter for work incentives. When tax rates are high, there is less incentive for people to work. They may pass up additional work and choose leisure time instead. However, it isn’t just taxes that matter. It is the loss of other entitlements as well. All of these are bound up in what is…

Effective marginal tax rates, and work incentives for older people

AASLE 2021 Bob Gregory Lecture – Claudia Goldin

My Chris Williamson Interview

Several good friends warned me not to publish Don’t Be a Feminist. I appreciate their concern, but I’m glad I kept my own counsel. Here’s my interview with Chris Williamson on the book and beyond. Apparently he’s kind of a big deal…

My Chris Williamson Interview

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