Posts Tagged ‘business cycle’

  • bottles of milk doorstep

    Where Have All the Milkmen Gone?

    Sep 16, 14 • 261 Views • 2 Comments

    Structural change in the economy involves new technology replacing old and eliminating jobs like milkmen, icemen, gas lamplighters and typists....  [read more]

  • CEPR not sure if recession phase of business cycle has ended in euro area

    The Reason That Recession Dates Matter

    Jun 20, 14 • 669 Views • No Comments

    Asked to define a recession, you can give the mechanical answer. It is 2 or more adjacent quarters of a real GDP decline. So, if Q1 GDP grows by 3%, Q2 by 2% and then Q3 by 1%, is that a recession? (I always use that as a tricky quiz question.) No, it is not...  [read more]

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    More On Unemployment

    Oct 11, 10 • 253 Views • No Comments

    These are great graphs! In just a minute or 2, through a series from The Washington Post, you can understand our employment problems. Our starting point is potential output during the past decade. We see how much we could have produced if our land, labor, and...  [read more]

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    It’s Official

    Sep 21, 10 • 285 Views • No Comments

    We now know when the recession officially ended. But I still wonder whether we are moving along a “V”, a “U”, a “W” or an “L”. According to the National Bureau of Economic Research (NBER), the recession began...  [read more]

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    Big and Little Worries

    Feb 27, 10 • 285 Views • No Comments

    1.  Sovereign debt: Contemplating big worries, I could place sovereign debt at the top of the the list. Should we currently be concerned about Greece, Spain and other EU nations with excessive obligations?  Beyond, should we be focusing on the U.K....  [read more]