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Global Economic Intersection

Inflation And Income Distribution: A Reply To The Vulgar Keynesian Policy Enthusiasts

posted on 21 March 2019 by Philip Pilkington Noah Smith has a recent post on inflation in which he urges economists to learn to love inflation. We live, as everyone knows, in a period of low inflation and high unemployment and I suppose Smith’s point is that we shouldn’t worry much about inflation and instead focus on income growth. Fair enough. But would-be Keynesian policy enthusiasts really should temper their language.Please share this article - Go to very top of page, right hand...

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How Failing Banks Paved Hitler’s Path To Power: Financial Crisis And Right-wing Extremism In Germany, 1931-33

posted on 23 March 2019 from Voxeu.org -- this post authored by Sebastian Doerr, Jose-Luis Peydro, and Hans-Joachim VothPolarised politics in the wake of financial crises echo throughout modern history, but evidence of a causal link between economic downturns and populism is limited. This column shows that financial crisis-induced misery boosted far right-wing voting in interwar Germany.Please share this article - Go to very top of page, right hand side, for social media buttons.In...

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Tending To His Own Garden: Has Krugman Finally Turned On The ISLM?

posted on 14 March 2019 by Philip Pilkington Fixing the Economists Article of the WeekIn a recent post Paul Krugman, as part of an ongoing debate with MMT/MMR advocate Cullen Roche, has said that the ISLM is not a good approach to macroeconomics. Hurrah! Right? Well, maybe not.Please share this article - Go to very top of page, right hand side, for social media buttons.In fact, New Keynesians do not generally use the ISLM in its original form any more. A good example of this is a...

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How Much Slack In The Labor Force?

posted on 13 March 2019 by UPFINA UPFINA Article of the WeekThere has been much discussion about how tight the U.S. labor market has become. Here we will take a close look at just what the facts are.Please share this article - Go to very top of page, right hand side, for social media buttons.The chart below is probably the best depiction of the labor market because it includes hours worked, hourly pay growth, and the number of employed people.Effectively, it is weekly earnings...

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China Syndrome Redux: New Results On Global Labour Reallocation

posted on 13 March 2019 from Voxeu.org -- this post authored by Harald Hau, Difei Ouyang, and Weidi YuanTrade between the US and China is widely thought to have contributed significantly to the decline in US manufacturing employment between 1999 and 2007. Flipping the point of view, this column examines the impact on China of the growth in trade and finds that for every US manufacturing job lost, almost six new Chinese manufacturing jobs were created.Please share this article - Go to...

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Retirement Isn’t Happening

posted on 10 March 2019 by John Mauldin, Thoughts from the Frontline I have long said I don't want to retire. I enjoy my work. It's not too physical, other than the travel (which is finally beginning to wear on me). Also, my savings are not yet sufficient to sustain the retirement lifestyle Shane and I want. I could retire now but would rather wait.Please share this article - Go to very top of page, right hand side, for social media buttons.Fortunately, I have the choice of continuing...

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Can America Hit ‘Full Employment’?

posted on 09 March 2019 by UPFINA Weekend Reading from UPFINA Americans Living Paycheck To Paycheck In theory, if the labor market gets to full employment in the next few quarters and there isn't an immediate recession, the economy will be limited by the working age population growth. Everyone who could come off the sidelines and into the labor market already will have done so. Please share this article - Go to very top of page, right hand side, for social media buttons....

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Mathesis Universalis: Lawson’s Criticisms Fall Short Of Their Real Target

from the Reverse Engineer, Doomstead Diner Discuss this article & videos at the Frostbite Falls Newz Table Inside the DinerDoomstead Diner is moving into Vlogging, continuing their Gonzo tradition visually.DNS no longer just stands for 'Domain Name Server'. lol. It also now is the Acronym for the Diner Newz Service, a new video edition of Collapse Newz Updates we often cover in text format Inside the Diner.Read more ...Today's chart shows U.S. employment by sector between the years of...

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An Empirical Analysis Of Effective Trade Costs And The Current Account

posted on 05 March 2019 from Voxeu.org -- this post authored by Emine Boz, Nan Li, and Hongrui ZhangIt is commonly observed that economies specialising in sectors, such as services, that face relatively high trade costs tend to run current account deficits, while those specialising in more easily tradable sectors tend to run surpluses.Please share this article - Go to very top of page, right hand side, for social media buttons.This column tests the causality of this observation by...

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The Fed Is Playing A Dangerous Game

posted on 03 March 2019 by John Mauldin, Thoughts from the Frontline In an ideal world, we wouldn't have to read the Federal Reserve's rabbit entrails to discern the economy. But Since the Fed exists in the real world, and its decisions matter, we have to pay attention.Please share this article - Go to very top of page, right hand side, for social media buttons.Just so new and perhaps even old readers know my views on the Fed: I believe we need it to handle the practical matters of...

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