Posts Tagged ‘misery index’

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    Animal Spirits and Gas Prices

    May 24, 11 • 202 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic Thinkers, Government, Households, Labor, Macroeconomic MeasurementNo Comments

    Is a 9-cent drop enough to ignite our “animal spirits?” The 9-cent decrease refers to the average national price of a gallon of regular gasoline. And “animal spirits” is the optimism that leads to more buying and investing. During the

  • A New Kind of Misery Index?

    Dec 20, 09 • 194 Views • Thinking EconomicallyNo Comments

    11.84 is the current level of our “misery index” if we use what Arthur Okun (economic advisor to Lyndon Johnson) created. November unemployment + inflation rates = 11.84. However, according to Floyd Norris, a new index might be more appropriate.