Blogs about Economics

Manufacturing jobs have a talismanic force in the politics of the US and many other high-income countries. The underlying belief often seems to be that governments of other countries have enacted policies that allowed them …

In my last post, I debunked the myth of the "reserve pool" of British workers. In this post, I discuss three more labour force myths that refuse to die: the myth of the "tide of …

As of today: For comparison, here is the y/y (official) inflation rate (through June). With the policy rate at 18%, and y/y inflation at 8.6% (through June), we have in essence a contractionary monetary policy. …

Part 3: Declining Inequality This is part three of three-part series. In part one of this series, I discussed different kinds of inequality and which ones we should be concerned about. In part two of …

I’ve been dipping into the proofs of a substantial book, Industrial Policy for the United States by Marc Fasteau and Ian Fletcher, due out in September. It will prove a significant resource for anybody interested …

The 37th Annual Irish Economic Association Conference will take place at the Galway Bay Hotel, Salthill, Galway from Wednesday 8th to Friday 10th May 2024. The keynote speakers are Prof. Costas Meghir, Douglas A. Warner …

The new bill to ensure that a UK government obtains the OBR’s analysis for any fiscal event is largely symbolic, because the reaction to the Truss fiscal event will be enough to ensure that happens …

A further bump in real wages of up to 3.5 per cent is expected this year, alongside an expected 3 per cent jump in real disposable income, according to Russia’s Center for Macroeconomic Analysis and …

A while back, Dietrich Vollrath wrote a famous post called "You can't reform your way to rapid growth." We should add to this: you can't invest your way to rapid growth either. The government's "number …

We’ve been investigating a Belize company called GCWealth. It says its offshore trusts can eliminate tax on your assets, and prevent your spouse or creditors ever accessing the assets. And GCWealth claims that billions of …

Here’s the bad news: it is going to take more than a change of government to cure what ails Britain. The symptoms are wearyingly familiar, but worth summarising. Waiting lists for NHS treatment have soared …

The Fiscal Theory of the Price Level has been percolating among monetary theorists for over three decades: Eric Leeper being the first to offer a formalization of the idea, with Chris Sims and Michael Woodford …