Posts Tagged ‘unemployment’

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    Spend More or Less?

    Aug 29, 10 • 287 Views • No Comments

    It was perfect. On the left side of the NY Times Op-Ed page, David Brooks defended the austerity approach. On the right was Paul Krugman saying spend more. Those are the alternatives. Maybe now it will be easier to choose one? Using Germany as his model,...  [read more]

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    Becoming Ben Bernanke

    Aug 8, 10 • 302 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 • 303 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 • 253 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 • 327 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]