…learned that the site location decision is a great opportunity to extract rents from immobile governments, and invest considerable resources into doing just that. An entire industry has sprung up…

Mark Thoma quotes Forecasting the Great Recession: DSGE vs. Blue Chip, by Marco Del Negro, Daniel Herbst, and Frank Schorfheide, Liberty Street: Coincidentally commenter Luis Enrique asked me what I…

…the arithmetic of phasing in a pay as you go plan. Suppose there is a great nation in which workers have been working and saving for their future retirement by…

…of Employment Interest and Money.” Here I will just note again how incredibly polite New Keynesians tend to be. bold numbers added for future reference This is a great challenge….

…an article published by Academia and the Public Sphere titled New Forms of Communication and the Public Mission of Economics: Overcoming the Great Disconnect: Fortunately, however, the “Great Disconnect”[3] with…

…rich. There has been no recovery after the recent Great Recession, which officially ended 32 months ago. The same CR post cited above also includes this next graph. Graph 2….

…since the great recession. The following table shows that for the last three years the participation rate and the labor force have been falling when long term population growth suggest…

…top .1%. When Occupy Wall Street identifies its opposition as the 1%, it’s not talking about people who live in posh neighborhoods with great schools; it’s talking about people who…

…those experienced as the Great Depression and the Great Recession. They conclude that increases in income inequality –comparing the top 5% of households to the bottom 95%–in the years leading…

…their employees and load them up with debt in order to resell them at great gain for the equity investors and great loss of jobs) or invested in emerging market…