After the Tape: Checking the Start-Up Engine
The effect of a lack of business formations, or "births," is particularly acute in January, as the jobs report out Friday showed.
Should Fed Refocus on Money Supply?
In recent years, the Fed has considerably narrowed its study of the money supply. This, it turns out, may have been precisely the wrong thing to do.
What Is NGDP?
Desperate times call for desperate measures. This helps explain why nominal gross domestic product -- that is, total GDP without inflation stripped out -- has wound up at the center of a debate over how, and whether, the Fed can do more to stimulate the U.S. economy and lower the nation’s current 9.1% unemployment rate....
Econ Lit Takes a Turn Towards the Dark Side
Last decade was all about the marvelously illuminating field of economics. This decade, it’s war.
Occupying Cleveland and Rome, but Not ‘Wall Street North’
The North American headquarters of two of the world’s biggest banks are on proud display here. So why isn’t anyone occupying Stamford?
After the Tape: Main Street Volatility
The economy is seeing bouts of recession-like conditions that last only a month or two. That means flash recoveries -- like September -- too.
The Darwin Economy and the Hamlet Problem of Economics
These days, the invisible hand isn’t looking quite so benign. In a new book Robert Frank declares that “economists a hundred years from now will be more likely to name Charles Darwin than Adam Smith as the intellectual founder of their discipline.”
Feldstein: ‘About as Bad an Expansion as I’ve Ever Seen’
Is the U.S. in a depression? In a word, “no,” Harvard University economics professor Martin Feldstein told the Journal’s Kelly Evans in this week’s “Big Interview.” “I’m not quite sure what a depression is,” he said.
After the Tape: The Bigger Impact of Smaller Paychecks
Sluggish U.S. income growth isn't necessarily new. It just stings more these days.
Nobel Winner Diamond: I ‘Really Wanted to Go’ to the Fed; Austerity Measures ‘Perverse’
Peter Diamond sat down for a Big Interview with the WSJ’s Kelly Evans; below are excerpts from his comments.
For Now Jobless Claims Suggest No Double Dip
Double-dip? For now, the message from jobless claims is not so fast.
J.P. Morgan’s Kasman: Dollar Isn’t Weak Enough, Fed on Hold until 2013
In this week’s Big Interview, J.P. Morgan Chief Economist Bruce Kasman told the WSJ's Kelly Evans that the Federal Reserve “is still our friend” and that resistance of other central banks to run tighter monetary policy is interfering with the U.S. dollar’s ability to weaken.
