The Atlanta Fed's macroblog provides commentary and analysis on economic topics including monetary policy, macroeconomic developments, inflation, labor economics, and financial issues.
- BLS Handbook of Methods
- Bureau of Economic Analysis
- Bureau of Labor Statistics
- Congressional Budget Office
- Economic Data - FRED® II, St. Louis Fed
- Office of Management and Budget
- Statistics: Releases and Historical Data, Board of Governors
- U.S. Census Bureau Economic Programs
- White House Economic Statistics Briefing Room
June 11, 2005
Blogging On Blogging
It's been a busy week for yours truly, so I've fallen quite behind on my favorite-blogs monitoring. (And responding to comments here as well.) Here are some things worth checking out, from the week past.
Andrew Samwick takes note the Council of Economic Advisor's' latest economic forecasts (GDP growth down, slightly, CPI inflation up, not so slightly, interest rates down nonetheless) and the Congressional Budget Office's latest Monthly Budget Review. He takes the narrowing of the deficit (primarily due to higher revenue growth) as "good news," but warns that we are in "the fat part of the business cycle," and there is still nothing that, to him, spells "spending discipline."
Speaking of Andrew, he takes issue with a statement by Gene Sperling (former economic advisor to Bill Clinton) suggesting that social security benefits are riskless. Victor at Dead Parrot Society objects too. In essence, social security formulas are tied to average wage growth, which is not, shall we say, deterministic. (Victor also reminds us of a related argument made awhile back by Alex Tabarrok.) Hurray for Andrew and Victor. This has long been one of my pet peeves, and is perhaps the most misleading argument made by opponents of social security privatization.
Kevin at Truck and Barter links to World Bank research on the relationship between trade and financial-market openness and poverty in developing countries. (It's inverted U-shaped -- at low levels, greater openness is associated with increases in poverty, but poverty falls beyond some threshold.) And Brad Delong takes a well-aimed shot at those who argue we would be better off by shooing away our competitors.
Calculated Risk heralds the arrival of the latest release of the Federal Reserve's Flow of Funds Accounts by bemoaning the fact that debt is at an all-time high. Of course, assets held by households and nonfarm businesses are at an all-time high too, and net worth increased in the household, nonfarm corporate, and nonfarm noncorporate sectors in the first quarter. (I know, I know: Bubble!) In a related post, Stumbling and Mumbling suggests that the Flow of Funds report indicates firms are still sitting on a lot cash:
... companies' net financial investment is still strongly positive - which is unusual by historic standards. That suggests firms (on balance) prefer to put cash in the bank rather than productive assets into shops and factories - which is hardly a vote of confidence in the US economy.
SS weighs in on the "C-word" (as in conundrum) too, linking to posts from Brad DeLong (channeling Plato) and from Barry Ritholz (who I can't seem to link to at the moment), laying the finger on the "carry trade."
The Prudent Investor has an interesting post on the Indian economy.
To be continued.
TrackBack URL for this entry:
Listed below are links to blogs that reference Blogging On Blogging :
- Hitting a Cyclical High: The Wage Growth Premium from Changing Jobs
- Thoughts on a Long-Run Monetary Policy Framework, Part 4: Flexible Price-Level Targeting in the Big Picture
- Thoughts on a Long-Run Monetary Policy Framework, Part 3: An Example of Flexible Price-Level Targeting
- Thoughts on a Long-Run Monetary Policy Framework, Part 2: The Principle of Bounded Nominal Uncertainty
- Thoughts on a Long-Run Monetary Policy Framework: Framing the Question
- What Are Businesses Saying about Tax Reform Now?
- A First Look at Employment
- Weighting the Wage Growth Tracker
- GDPNow's Forecast: Why Did It Spike Recently?
- How Low Is the Unemployment Rate, Really?
- April 2018
- March 2018
- February 2018
- January 2018
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- May 2017
- Business Cycles
- Business Inflation Expectations
- Capital and Investment
- Capital Markets
- Data Releases
- Economic conditions
- Economic Growth and Development
- Exchange Rates and the Dollar
- Fed Funds Futures
- Federal Debt and Deficits
- Federal Reserve and Monetary Policy
- Financial System
- Fiscal Policy
- Health Care
- Inflation Expectations
- Interest Rates
- Labor Markets
- Latin America/South America
- Monetary Policy
- Money Markets
- Real Estate
- Saving, Capital, and Investment
- Small Business
- Social Security
- This, That, and the Other
- Trade Deficit
- Wage Growth