Posted 11 hours ago

In testimony today before Congress, Fed Chair Ben Bernanke outlined his reasons why the Federal Reserve is uniquely suited to be the regulatory supervisor for U.S. banks.

Tags: bernanke fed

Posted 2 days ago

Or, counterfactuals, yet again.Or, rejoinder to Casey Mulligan, Joseph Lawler, david, tim kemper and others.From the WSJ March survey survey of forecasters, the results indicate that instead of the 0.

Posted 2 days ago

If you're both a very faithful and a very passive Econbrowser reader, for two years now you've sat on the sidelines while you watched other, equally faithful but less passive readers participate in th

Posted 3 days ago

University of Leeds Professor Joyce Dargay and New York University Professor Dermot Gately have a new research paper suggesting that projections from the DOE, IEA, and OPEC are underestimating the cha

Tags: oil

Posted 5 days ago

And a quantitative comparison to previous reconciliation measures.The CBO and the Congressional Joint Committee on Taxation (JCT) have updated cost estimates for H.R. 3590, the Patient Protection and

Tags: bar chart budget

Posted 6 days ago

From a Dallas Fed Letter by Jian Wang:Durable goods represent a moderate share of the economy in most industrial countries -- in the U.S., for example, they accounted for 23.6 percent of real GDP in 2

Tags: economy fed gdp

Posted 6 days ago

Political pressure seems to be mounting for yuan appreciation. [0] Figure 1 depicts the stability in the USD/CNY nominal exchange rate over the past year.

Tags: exchange rate yuan

Posted 1 week ago

On Friday I joined fellow blogger Mark Thoma (and a good many other economists) at a very interesting conference on financial markets held at the Federal Reserve Bank of San Francisco. Here I share s

Tags: federal reserve

Posted 1 week ago

Russ Roberts writes:Menzie Chinn invokes the CBO estimates to argue against those who say the stimulus didn't work. Did the stimulus help turn the economy around and create jobs? I'm skeptical on l

Tags: economy

Posted 1 week ago

The Financial Report of the United States Government, 2009 was released last week. Perusing the tables, one encounters the gigantic new, unfunded entitlement enacted in 2003, namely Medicare Part D.