On March 31, David Altig discussed this paper by Stephanie Aaronson, Bruce Fallick, Andrew Figura, Jonathan Pingle and William Wascher: On balance, the results suggest that most of the decline…

David Altig says yes. He also reviews a recent paper by Stephanie Aaronson, Bruce Fallick, Andrew Figura, Jonathan Pingle and William Wascher entitled The Recent Decline in Labor Force Participation…

…account for these “other” valuation changes, identifies them as “statistical ‘manna from heaven.’” That would be William R. Cline’s The United States as a Debtor Nation (Institute for International Economics,…

…dangerous source of misunderstanding and misinformation (as the gold bugs’ recent fascination with it attests). As a side note, William Polley reminds us that this decision has substantial precedent; the…

…with this garbage. Update: Mark Thoma had celebrated the birthdate of Rev. King with a very thoughtful post on the same topic. Also check out the discussion from William Polley….

…Bureau. As the chart above shows, former Fed chairs Arthur Burns and G. William Miller both tried (and failed) to fight the pervasive inflation of the 1970s. Paul Volcker, who…

…labor force participation rate and I see that William Polley has already weighed in. The point starts with the identity that the unemployment rate is simply one minus (the employment-population…

…of the impact on expected returns versus risk. Let’s note a couple of papers that discuss the risk increasing aspects of a reduction in the capital gains tax rate. William…

…Stephen Moore should read William Poole’s “Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model” (Quarterly Journal of Economics, 1970). In the standard Keynesian model, lower tax…

Kevin Drum reports on the willingness of Justices Roberts, Scalia, and Thomas to overturn a state law in deference to something the Bush Administration wanted to do. William Branigin reports:…