The BEA just released its first revision to its estimate of GDP growth in the April-June period of 2004. The estimate of GDP growth has been revised down to 2.8%…

…of warm bodies (labor) is one of the determinants of potential output growth – the others are the supply of capital and technological innovation (i.e. the growth of productivity). A…

…is happening with wages, BLS stats, etc. It is worth the read. Some Charts: High versus Low Wage Jobs: Wage Growth and Lack Thereof: Where is the Job Growth Happening?…

…the center falls, real GDP oscillates at a lower level of output. Before the 1980’s, when real GDP growth (blue line) slowed down below 1% growth during a contraction, the…

…rules of the game. Labor power is the strongest determinant of growth in prosperous, advanced countries. More labor power, faster growth. I’d love to see equally well-executed statistical work analyzing…

…and that makes for a lot of pointless math. The bottom line, such as it is, is that all sorts of things can happen in a very standard neoclassical growth…

…Clinton administration official Alan Blinder and co-author Mark Watson [look] at the well-established fact that GDP growth under Democratic Party presidents is more rapid than under GOP Presidents, and concludes…

…Because the Chinese financial system is so severely repressed, money growth in China cannot be compared to money growth in a market-based financial system. Monetary growth is effectively bifurcated and…

…output growth, averaged over 6 quarters. The Fisher Effect equation for Japan is… Core CPI inflation = Call rate – real output growth In zone #1, the call rate had…

…and that the redistribution of income would lower economic growth. … But as the recent paper “Redistribution, Inequality, and Growth” by Jonathan D. Ostry, Andrew Berg, and Charalambos G. Tsangarides…