How will households react to the real income squeeze?

How will households react to the real income squeeze? Philip Bunn and Jeremy Rowe Bank Underground, 19 July 2017           Rising inflation is eroding the spending power of UK households’ incomes.  How will they react to that?  The answer will make a big difference to the economic outlook.  Will they dip into… Read More The post How will households react to the real income squeeze? appeared first on The Big Picture.

The Economics of Subsidizing Sports Stadiums

The Economics of Subsidizing Sports Stadiums by Scott A. Wolla Federal Reserve Bank of St. Louis, May 2017       “The idea that sports is a catalyst for economic development just doesn’t hold water.” —Robert Baade, sports economist   Professional sports give people pride and a sense of community. But who should pay for… Read More The post The Economics of Subsidizing Sports Stadiums appeared first on The Big Picture.