Posts Tagged ‘unemployment’

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    Becoming Ben Bernanke

    Aug 8, 10 • 258 Views • No Comments

    This was fun! A 5 minute Federal Reserve simulation lets you target the fed funds rate for 16 hypothetical quarters and then watch the inflation and unemployment impact. It all appears manageable until a surprise news headline appears. The site also links to...  [read more]

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    Social Contagion

    Jun 6, 10 • 266 Views • No Comments

    If unemployment creates unhappiness, then will people be less unhappy if their friends are also unemployed? According to a recent IMF paper, not only are people less unhappy when they and their friends are unemployed, but also, they then tend to be jobless...  [read more]

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    Costly Legislation

    May 28, 10 • 216 Views • No Comments

    Looking at a recent NY Times article, whose title was, “Cost of Jobs Bill Leaves Some Democrats Leery,” I wondered whether the author realized just how many costs his discussion involved. If passed, the bill would extend jobless pay, provide...  [read more]

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    How Are We Doing?

    May 2, 10 • 279 Views • No Comments

    Hearing that U.S. real GDP growth for the first quarter was 3.2%, I wondered how well we were doing. We can look at past recessions to assess 3.2%. Looking back to the early 1980s, some economists say they were hoping for better. Like a “V”, when...  [read more]

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    Icemen and Pinsetters

    Mar 12, 10 • 291 Views • No Comments

    In a wonderful story, NPR looked at “The Jobs of Yesteryear.”  Among those they discussed were pinsetters, elevator operators, icemen, and lamplighters. For each one, while technology made the occupation obsolete, the economy benefited with...  [read more]