I’ve spent the last week seeing lots of presentations on macro and international finance. Of particular interest are some papers on interest rate parity: Exchange Rate Disconnect and the Trade Balance Pablo Cuba Borda, Federal Reserve BoardMartin Bodenstein, Fedral Reserve BoardNils...
Released today by CEA: Well first a picture depicting plausibility: Onto the conclusion: Strategically targeted tariffs are an important tool to protect economic and international interests of the U.S. However, the potential for a broad tariff to serve as a...
In addition to CPI, we have chained CPI, CPI-wage earners, HICP, a nowcast for PCE, as well as May PCE – market based. The four June price indices are down. Figure 1: CPI all urban (bold black), CPI-wage and clerical...
PPI reads above consensus: Figure 1: Month-on-Month PPI inflation (black), instantaneous PPI (blue), instantaneous core PPI (tan), for T=12, a=4 per Eeckhout (2023). Source: BLS, and author’s calculations. This entry was posted on July 12, 2024 by Menzie Chinn. Source...
By Lambert Strether of Corrente Bird Song of the Day Great Horned Owl, Racine, Wisconsin, United States. “Half way through this recording, I was able to locate the GHOW approximately 20 m away, located ~ 7-9 m up in an...
There is a new and excellent paper by Anna Stansbury and Kyra Rodriguez on this topic: Unlike gender or race, class is rarely a focus of research or DEI efforts in elite US occupations. Should it be? In this paper,...
1. MIE: “Shake Shack’s Crinkle Cut Fries Have Been Reimagined as a Body Pillow That’s Oddly Chic.” 2. Grocery store MIE: bullets in vending machines. 3. There is talk of a possible Three Mile Island restart. 4. New architectural citations....
Yves here. Since this article comes from OilPrice, one can expect them to be electric vehicle nay-sayers. Nevertheless, the tacit assumption among many policy makers is that drivers will choose or can be forced to use only EVs. Yet Toyota,...
The proposal comes just months after the European Parliament and the European Council of Ministers unanimously approved the European Commission’s sweeping digital identity regulation. As readers have presumably guessed, the asterisked word in the title above is not “wink”. In...
The pet I’ll never forget: the fox I invited into my home – but never quite trusted Guardian Cuts Are Back in the Air After Inflation Surprise John Authers, Bloomberg How did the auto dealer outage end? CDK almost certainly...
