Posts Tagged ‘unemployment’

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    More On Unemployment

    Oct 11, 10 • 110 Views • Labor, Macroeconomic MeasurementNo 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...

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    Spend More or Less?

    Aug 29, 10 • 118 Views • Economic Debates, Macroeconomic Measurement, RegulationNo 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,...

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    Becoming Ben Bernanke

    Aug 8, 10 • 115 Views • Economic Thinkers, Money and Monetary PolicyNo 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...

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    Social Contagion

    Jun 6, 10 • 126 Views • Behavioral Economics, Labor, Thinking EconomicallyNo 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...

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    Costly Legislation

    May 28, 10 • 108 Views • Government, Labor, Macroeconomic Measurement, Thinking EconomicallyNo 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...