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Economy

April 29, 2016

Obama's Economic Disappointment - Narayana Kocherlakota, Bloomberg

President Barack Obama thinks Americans don’t properly appreciate the benefits of his economic policies -- a view he most recently expressed in an interview with th...

April 28, 2016

The Economics of the Gender Wage Gap - Kate Bahn, CAP

One of the most infuriating retorts in discussions of the gender wage gap is that the disparity in earnings between women and men simply doesn’t exist. People too often misin...

April 26, 2016

Economic Perspectives on Incarceration - Council of Economic Advisers

Calls for criminal justice reform have been mounting in recent years, in large part due to the extraordinarily high levels of incarceration in the United States. Today, the incarce...

April 23, 2016

A Non-Truth About Trade - Jared Bernstein, On the Economy

I’ve long been a fan of the economist Alan Blinder, he of the hard head, soft heart (a great book, absolutely crying for an update, Alan!). In fact, Alan co-au...

April 22, 2016

Why the Unemployment Rate Feels Like a Lie - Sarah Kendzior, Quartz

On Apr. 14, Bloomberg News announced that jobless claims in the US have reached their lowest level since 1973. “All other labor market data are telling us that the ...

April 18, 2016

The Tradeoffs of Trade - Irwin M. Stelzer, The Weekly Standard

Donald Trump, Ted Cruz, Bernie Sanders, and Hillary Clinton have all come to the same conclusion: no more nice guy when it comes to trade. Voters are convinced free trade is inimic...

Most Recent Articles

April 18, 2016

U.S. Economy Is Twice as Green as in 1970 - Mark J. Perry, AEI

Earth Day 2016 is coming up next Friday (April 22), and this is the first in a series of upcoming posts over the next week to help recognize and celebrate this year’s “Green H...

April 16, 2016

Automation Already Destroyed Most of the Jobs - Timothy B. Lee, Vox

A lot of people worry that robots — or more generally, software and automation — will take everyone's job. One study found that almost half of US jobs are cap...

April 15, 2016

This Country Has Good Blue Collar Jobs - Newman & Winston, NYT

CANDIDATES from both parties have been talking a lot about the loss of American jobs, declining wages and the skyrocketing cost of college....

April 14, 2016

A Progressive Logic of Trade - Dani Rodrik, Project Syndicate

The global trade regime has never been very popular in the United States. Neither the World Trade Organization nor the multitudes of regional trade deals such as the North American...

April 13, 2016

U.S. Economy in a Snapshot - New York Fed

Real consumer spending rose moderately in February, following a sharp downward revision to growth in January. While growth in consumer expenditures has been soft so far this year, ...

April 9, 2016

5 Ways to Destroy the U.S. Economy - Hubbard & Kane, Weekly Standard

Is a slow-growth future inevitable for America? More than ever, that’s the conclusion of economists, and it's a recurring theme of some presidential candidates. The irony is ...

April 9, 2016

Keep Trolls Out of Trade - Elliot Harmon, Electronic Frontier Foundation

Patent trolls don’t just demand money from innovators; they can actually interfere with international trade and block imports from entering the country. There’s a new b...

April 8, 2016

Trump's Tariffs and the Economy - J.W. Mason, Roosevelt Institute

Last week, the Washington Post ran an article by Jim Tankersley on what would happen if Trump got his way and the US imposed steep tariffs on goods from Mexico ...

April 8, 2016

Consistent Positions on Minimum Wage and Trade - Peter Coy, Bloomberg

This is a story about ethics and economics, winners and losers, and the philosophical muddle on both ends of the political spectrum, as told through two of the hot-button issu...

April 6, 2016

A Policy Response to the Anger Over Trade - Ed Dolan, Economonitor

The two most watched candidates of this presidential election season, Donald Trump and Bernie Sanders, have put anger over the effects of free trade at the center of their campaign...

April 5, 2016

The Truth About Trade - Scott Lincicome, National Review

It is virtually impossible to tune in to political TV or radio without hearing presidential hopeful Donald Trump promise to restore American manufacturing glory by imposing punitiv...

April 4, 2016

What Trump, Sanders Get Wrong on Trade - Steve Chapman, Chi Tribune

Donald Trump says the problem in the United States is that "we don't win anymore." Trade is his favorite example, based on our longstanding trade deficit. But in one big area, Amer...

April 1, 2016

The Worst Pro-Free Trade Argument - David Glasner, Uneasy Money

To think that an increased chance of losing one’s job in exchange for a slight gain in purchasing power owing to the availability of low-cost imports is an acceptable trade-off f...

March 31, 2016

The Trump Policy Plank That Could Work - Bryce Covert, ThinkProgress

Republican presidential candidate Donald Trump offers a lot of policy ideas that progressive economists hate. He wants to close up the country’s borders and crack down on imm...

March 30, 2016

Case for Free Trade Is as Strong as Ever - Editorial Board, Bloomberg View

It wasn't so long ago that America's commitment to free trade could be taken for granted. Now it's in doubt -- even though support for open markets remains vital for the nation's f...

March 30, 2016

Measuring Openness to Trade - Waugh & Ravikumar, St. Louis Fed

In this paper we derive a new measure of openness—the trade potential index—that quantifies the potential gains from trade as a simple function of data. Using a standar...

March 29, 2016

We're Not a Poor Country - Robert Samuelson, Washington Post

We are a very wealthy society, and we shouldn't forget it. Donald Trump apparently has -- along with many other people. Visiting recently with The Washington Post editorial board, ...

March 29, 2016

Trade Deficits Aren't Always Benign - Jared Bernstein, Huffington Post

Neil Irwin over at the NYT has apparently drawn the unenviable job of explaining what’s wrong with Trumponomics. Hislatest entry, on trade deficits, is framed around an impor...

March 28, 2016

The Trade Deficit Isn't a Scorecard - Neil Irwin, New York Times

Donald Trump believes that a half-trillion-dollar trade deficit with the rest of the world makes the United States a loser and countries with trade surpluses like China, Japan...

March 23, 2016

What Do Millennial Workers Want? A Raise. - Brendan V. Duke, RCPolicy

The business press is full of articles telling companies "what Millennials want" and "how to manage Millennials." Here's a simple hint: We want a raise....

March 15, 2016

Welcome to the Post-Work Economy - Ben Schiller, Fast Company

If the goal of the economy is to provide decent-paying work for everyone, that economy clearly isn't doing a good job at the moment. Real wages for most Americans haven't incr...

March 15, 2016

Economic Crisis: Blame the Fed - David Beckworth, Politico

In the past six months, the U.S. economy has displayed signs of weakness that have worried many economists. In the last quarter of 2015, GDP growth was just 1 percent. Other indica...

March 15, 2016

Free Trade Needn't Devastate Workers - Justin Fox, Bloomberg View

The past decade and a half have been tough for a lot of American workers. Real median household income in 2014 was more than $4,000 below the 2000 level. T...

March 14, 2016

Employment, Not Wage Growth, Is the Problem - Robert Cherry, RCPolicy

It is a widely accepted fact that wages have stagnated. Since 2010, average wages have increased at an annual rate of about 2 percent, barely keeping pace with inflation. This stag...

March 14, 2016

Trade and Tribulation - Paul Krugman, New York Times

Why did Bernie Sanders win a narrow victory in Michigan, when polls showed Hillary Clinton with a huge lead? Nobody really knows, but there’s a lot of speculation that Mr. Sa...

March 12, 2016

Worry About Robots, Not China - James Pethokoukis, The Week

But here's the thing: Trump has a point. An important new study at least partially supports his claim that America's trading relationship with China in the 2000s has been a "bad de...

March 11, 2016

We Could Use a New Economic Strategy - Justin Fox, Bloomberg View

In his four-plus years as the country's first treasury secretary, Alexander Hamilton crafted an economic strategy that helped the U.S. rise from agrarian former colony to glob...

March 11, 2016

Is Trade Really Killing Middle Class Jobs? - Tami Luhby, CNN Money

And Washington is to blame. Both candidates strongly denounce the nation's trade policy, saying it's shrinking the middle class and costing Americans jobs. Voters seem to agree, ha...

March 10, 2016

Bernienomics: Models and Politics - Gerald Friedman, Naked Capitalism

Differences between my evaluation of the impact of the Sanders economic program from that of the Romersreflect different views of the economy, the difference between a static ...

March 9, 2016

The Generational Wage Gap - Brendan Duke, CAP

By all rights, Millennials—people born between 1981 and 1997—should be the highest-paid generation in American history. They are, after all, the most likely to hold a c...

March 7, 2016

Productivity Slowdown or Measurement Problem? - David M. Byrne, Fed

After 2004, measured growth in labor productivity and total-factor productivity (TFP) slowed. We find little evidence that the slowdown arises from growing mismeasurement of the ga...

March 5, 2016

The Good Economy - Bo Cutter et al., RealClearMarkets

Presidential candidates aren't the only ones talking of the economic apocalypse, unless they are elected. Lost in the coarseness and anger of the primaries thus far is that a leadi...

March 4, 2016

Why the Critics of Bernienomics Are Wrong - Robert Reich, Huff Post

Not a day goes by, it seems, without the mainstream media bashing Bernie Sanders's economic plan -- quoting certain economists as saying his numbers don't add up. (The New York Tim...

March 3, 2016

Commonsense Ideas for Economic Growth - Larry Summers, Capital Ideas

 Let me begin with two facts that I think should be cause for concern. First, since the summer of 2009, the US economy has grown at about 2 percent. Two percent isn't a very g...

March 3, 2016

America Can't Be Great Again - Michael Lind, Politico

The most outrageous candidate on the stump in 2016 is not, if you can believe it, Donald Trump. It is someone who calls himself Vermin Supreme, the satirical presidential hopeful k...

March 1, 2016

Trade Deficits Can Be a Good Sign - Vance Ginn & Kiara Pillay, RCPolicy

The Census Bureau recently reported international trade data for 2015 that show imports exceeded exports by $532 billion, which is up 4.6 percent from 2014. Texas alone, ...

February 29, 2016

Stuff Keeps Getting Cheaper - Justin Fox, Bloomberg View

Since 1995, durable goods (cars, televisions, computers and the like) have been getting cheaper in the U.S. That's even as the prices of services and nondurables have mostly k...

February 27, 2016

What Is The Real Unemployment Rate? - Ben Casselman, FiveThirtyEight

A couple of weeks back, I had a bit of fun with Donald Trump’s claim that the “real” unemployment rate is as high as 42 percent. That number is absurd &...

February 23, 2016

2016 Economic Report of the President - Jason Furman et al., White House

The Council of Economic Advisers released the 70th annual Economic Report of the President this morning, reviewing the U.S. economy’s substantial progress in recent...

February 23, 2016

Why Sanders' Growth Plan Isn't Crazy - Mark Thoma, Fiscal Times

Controversy erupted last week when University of Massachusetts Professor Gerald Friedman produced estimates showing that under the Sander’s economic plan, “Th...

February 22, 2016

Clinton vs. Sanders Hits the Wonkosphere - Danny Vinik, Politico

This week, the vitriol between Hillary Clinton and Bernie Sanders supporters spilled over from the campaign trail to somewhere new: the economics wonkosphere....

February 20, 2016

Trump Is Right on Trade - Patrick Buchanan, Creators

Republican hawks are aflutter today over China's installation of anti-aircraft missiles on Woody Island in the South China Sea....

February 9, 2016

Will the Economic Recovery Die of Old Age? - Glenn D. Rudebusch, FRBSF

Is the current recovery more likely to end because it’s lasted so long? Have various imbalances and rigidities accumulated to make the economy frailer and more susceptible to...