Youth unemployment in America by sex and education
21 May 2015 Leave a comment
in economics of education, human capital, labour economics, labour supply, unemployment Tags: great recession, labour demographics
The role of new taxes in the Great Recession
24 Apr 2015 Leave a comment
in economic growth, fiscal policy, great recession, labour economics, labour supply, macroeconomics, politics - USA Tags: great recession, obama, Obamacare, taxation and entrepreneurship, taxation and investment, taxation and labour supply
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Real GDP per Japanese and American aged 15-64, 2013 price level, updated 2005 EKS PPP, detrended, 1970-2013
13 Apr 2015 Leave a comment
in development economics, economic growth, global financial crisis (GFC), great recession, growth miracles, macroeconomics Tags: GFC, great recession, Japan, Lost Decade
Source: Computed from OECD StatExtract and The Conference Board, Total Database, January 2014, http://www.conference-board.org/economics.
Note: When the line is flat, the economy is growing at its trend growth rate. A falling line means below trend growth; a rising line means of above trend growth. Detrended with values used by Edward Prescott.
The Japanese decline after 1992 are the Lost Decades. Japan recently returned to its 3.2% trend growth rate of the 1970s and 1980s for working age Japanese.
It could be argued that Japan is now on a permanently lower growth rate that implies no further catch up with the USA.
Employment losses after recent financial crises
09 Apr 2015 Leave a comment
in business cycles, economic history, Euro crisis, global financial crisis (GFC), great depression, great recession, job search and matching, macroeconomics Tags: financial crises, global financial crisis, great recession, recessions and recoveries
@TimDuy @profsufi Compared to other financial crisis, this recovery is OK. http://t.co/eGU5lOxKnu—
Bill McBride (@calculatedrisk) December 24, 2014
Recent New Zealand economic growth
06 Apr 2015 Leave a comment
in business cycles, economic growth, fiscal policy, global financial crisis (GFC), macroeconomics, politics - USA Tags: GFC, great recession, recessions and recoveries
Has the USA moved to lower trend GDP growth path?
26 Jan 2015 Leave a comment
in business cycles, economic growth, great recession, macroeconomics, politics - USA Tags: great recession, Jagadeesh Gokhale, prosperity and depression
Interview with Robert Lucas on the global financial crisis and the great recession
17 Dec 2014 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetarism, monetary economics Tags: bank runs, GFC, great depression, great recession, Robert E. Lucas
Robert Lucas on Depression era policies and current financial crisis
14 Dec 2014 Leave a comment
in global financial crisis (GFC), great depression, great recession, macroeconomics, Robert E. Lucas Tags: great depression, great recession, Robert Lucas
Explicit and implicit marginal tax rate increases in the past seventy years in the USA
03 Dec 2014 Leave a comment
in business cycles, great recession, job search and matching, labour supply, macroeconomics Tags: Casey Mulligan, great recession, taxation and the labour supply
Economic policy uncertainty in the USA
01 Dec 2014 Leave a comment
in business cycles, global financial crisis (GFC), great recession, macroeconomics, politics - USA Tags: great recession, Nicholas Bloom, regime uncertainty
Source: Nicholas Bloom (2014) – all data at www.policyuncertainty.com. Data normalized to 100 prior to 2010.
US corporate earnings vs. European corporate earnings
19 Nov 2014 Leave a comment
in Euro crisis, great recession, macroeconomics, politics - USA Tags: Euroland, GFC, great recession
Euroland and Japan compared since 2008
16 Nov 2014 Leave a comment
in budget deficits, business cycles, economic growth, global financial crisis (GFC), great recession Tags: Euroland, great recession, Japan, lost decades
Some graphs on the great deviation on both sides of the Atlantic
31 Oct 2014 Leave a comment
in economic growth, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, macroeconomics Tags: Eurosclerosis, GFC, Great Geviation, great recession
Figure 1: Actual and potential GDP in the US
Sources: Congressional Budget Office, Bureau of Economic Analysis
Figure 2: Actual and potential GDP in the Eurozone
Sources: IMF World Economic Outlook Databases, Bloomberg
HT: Larry Summers
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