Robert Waldmann For decades, I have been advising Democrats to focus attention on the progressivity of the tax system. This is an issue where the vast majority of US adults totally disagree with the Republicans and which people care about. My policy proposal and political strategy is to increase progressivity increasing taxes on the rich […]
by Mike Kimel Presimetrics on, er, in Parade (Magazine) Cross-posted at the Presimetrics blog. For a long time, I knew the date that Presimetrics, the book I wrote with Michael Kanell, was going to be released – August 11. The date was recently pushed back later in the month. But, the other day some interesting […]
For those interested in more information on job creation in the Employment Dynamics database these three article provide very good information. Cordelia Okolie, “Why Size Class Methodology Matters in Analyses of Net and Gross Job Flows.” July 2004 Monthly Labor Review Jessica Helfand, Akbar Sadeghi and David Talan, “Employment Dynamics: Small and Large Firms Over […]
Standard analysis is that military spending for WW II provided the significant Keynesian stimulus that ended the depression. I have nothing new to add to that debate, but I recently looked at the data and found it somewhat surprising. The surprise was not in what happened to military spending as the military swung from 0.5 […]
It was their idea, so it’s no surprise they like paying interest on reserves, even excess reserves: For quite a while, the Fed was quite happy to have that money on its books. Indeed, the power to pay interest on reserves was considered a key tool to keep control over all the liquidity the Fed […]
CoRev brought up the claim that small firms account for 70% of job creation in the US economy. Several years ago the Small Business Administration and Census began an annual survey of employment by firm size. You can find the data here: http://www.census.gov/econ/susb/historical_data.html Here is a table of what the joint survey of employment by […]
Dodd-Frank Wall Street Reform and Consumer Protection Act (Enrolled Bill [Final as Passed Both House and Senate] – ENR) Bill Text111th Congress (2009-2010)H.R.4173.ENR Update: The link did work this morning, but was temporary it seems. I will correct the link and update again. Update: Link works to hyome page, then when at Thomas there is […]
Jim Hamilton used the Federal Reserve Flow of Funds data to present a question: who will buy “the additional $8 trillion in net new debt that would be issued over the next decade under the CBO’s alternative fiscal scenario.” I thought that the analysis was curious and too “partial”. If one believes the deleveraging story, […]
The WSJ Economics Blog, discussing June 2010 unemployment rates by state, uses the headline “Most Regions Show Improvement“* I suppose we should be encouraged by the headline and not look at the text: Washington, DC and 16 states recorded jobless rates in excess of 10%. North and South Dakota continued to have the lowest rates […]