G and GDP during the current recovery
…the multiplier” (I have read only the title not the post). Since I regressed rates of growth on rates of growth, my coefficient of grGDP on grG = 0.339 is…
…the multiplier” (I have read only the title not the post). Since I regressed rates of growth on rates of growth, my coefficient of grGDP on grG = 0.339 is…
…the huge scheduled cliff. GDP Growth did not slow in 2013. This absense of evidence corresponds to Ricardian equivalence and new as opposed to old Keynesian models. The figure shows…
…Reserve entitled “Faster GDP Growth during Recoveries Tends To Be Associated with Growth of Jobs in ‘Low-Paying’ Industries” (pdf), which was subsequently picked up by Prof. Mark Thomas at Economist’s…
…is mismeasured productivity growth – so if you think the people who say, you know, there is a line of thought that likes to say: “Well, GDP growth’s been slow…
…also that high growth of consumption is followed by high growth of investment. Using only post 1990 out of sample data, the forecasts are significantly correlated with actual changes in…
…growth. Greenspan’s explanation is novel and bound to be controversial. To preview: He blames the welfare state and overall uncertainty for the slowdown. … By scouring economic statistics, Greenspan thinks…
…and drawing idled workers back to the labor force.” Trump asserts faster growth to be the result of regulatory rollback and tax reform and will result in economic growth soaring…
…of productivity growth and is a major factor behind the stagnation in US economic growth. I’ve taken his analysis one more step to show the relation between productivity growth and…
…of doom need not point to better growth outcomes. It could well be — in fact, I think it is — that these measures have little to do with growth…
…been the primary reason for the declining share of manufacturing employment in the United States and other industrial economies, and second that recent productivity growth in manufacturing has actually been…