Relevant and even prescient commentary on news, politics and the economy.

Global Volatility, Domestic Markets

by Joseph Joyce Global Volatility, Domestic Markets Unlike the global financial crisis of 2008-09, the current disruption in the financial markets of emerging market nations was anticipated. The “taper tantrum” of 2013 revealed the precarious position of many of these nations, particularly those dependent on commodity exports. The combination of a slowdown in Chinese growth, […]

The implications of the child care cost crush for median household income and "shadow unemployment"

by New Deal democrat The implications of the child care cost crush for median household income and “shadow unemployment” The other day I showed that there is compelling evidence that the primary reason for the long term decline in the Labor Force Participation Rate in the 25 – 54 age range is the increasing real […]

Do rising child care costs & stagnant wages explain the decline in the Labor Force Participation Rate ?

by New Deal democrat Do rising child care costs & stagnant wages explain the decline in the Labor Force Participation Rate ? What is driving the long term decline, shown in the graph below, in the labor force participation rate (LFPR) among prime working age adults, ages 25-54? A couple of weeks ago I wrote […]

Greece’s Missing Drivers of Growth

by Joseph Joyce Greece’s Missing Drivers of Growth Analyses and discussions of Greece’s economic situation usually begin—and often end—with its fiscal policy. The policies mandated by the “troika” of the European Commission, the European Central Bank and the International Monetary Fund have undoubtedly resulted in a severe contraction that will continue for at least this […]