…those instances have led to shorter, slower expansions, which can be summarized in this graph: Figure 1 Notice that when it comes to overall growth during an economic expansion (i.e.,…
…rate of money supply growth (M2) and nominal GDP growth (P*Y). The chart is a reproduction of that in the BCA paper, but with a sample back to 1959 (they…
…pro-growth tax policy for economic growth”: 1) The paper starts with an argument against stimulus and in favor of “pro-growth policies”. This is particularly unconvincing. It talks about the need…
…sizable growth in labor productivity. The article focuses on the contribution of productivity gains to GDP growth during a recession and the early stages of the recovery. The authors do…
…internal deflation mechanism to spur export growth, only the “zone” as a whole really benefits, not any one country. WIHTOUT a massive surge in export-driven GDP growth no “zone” country…
…the era of low productivity growth, 1974 to 1995 a percentage point growth in real GDP generated almost a 0.5 percentage growth in employment. But since productivity growth rebounded in…
by cactus Comparing Presidents: Real GDP per capita Growth Rates and Changes in the Tax Burden In last week’s exciting episode I posted this graph: A few quick comments… this…
…improved quickly while spending growth was sluggish to rise, spending growth jumped from essentially 0% annual growth to almost 3.6% in just four months – after the surge in expectations…
Economy in state outpaces US growth Adds 4,600 jobs through March The Massachusetts economy expanded at a healthy clip in the first three months of the year despite a national…
When discussing real income growth one of the points often made by conservatives and libertarians is that the average data on real income is irrelevantly because it does not measure…