last resort

  This blog post accompanies the final, regularly scheduled spring-2020 SDPR Morning Macro segment, which airs Monday, April 27.  This segment will precede a related noon-hour event, “Money Matters: Macroeconomic Policy in a Pandemic and What It Means for Main Street,” hosted by the Rotary Club of Sioux Falls.  The club’s Treasurer, Jason Herrboldt (Market […]

schooled in zoom space

The final, regularly scheduled spring-2020 Morning Macro segment, “Last Resort,” will air Monday, April 27th on South Dakota Public Radio during In the Moment, shortly after 11 am CST. This segment will lead to a noon-hour event, “Money Matters: Macroeconomic Policy in a Pandemic and What It Means for Main Street,” hosted by the Rotary Club […]

sahm trouble ahead

  This blog post accompanies the SDPR Morning Macro segment that airs Monday, April 13. In recent weeks, macroeconomic sentiments have shifted dramatically: the U.S. economy has likely exited the longest peacetime expansion phase of the business cycle; a macroeconomic recession looms large.  Nevertheless, an impartial, empirical, and persuasive demonstration of this claim of trouble […]

states’ plights

  This blog post accompanies the SDPR Morning Macro segment that airs on Monday, March 30. This post draws on research conducted in the Ness School of Management and Economics by Kailie S. Drescher, a graduate student and Dykhouse Fellow who is writing her master’s thesis on the effects of heterogeneous U.S. state-level economic performance on […]

r-star is born

  This blog post accompanies the SDPR Morning Macro segment that airs on Monday, March 16. On Sunday evening, March 15th, the Federal Open Market Committee (FOMC) of the Federal Reserve System convened an unscheduled meeting—the second in as many weeks—to take drastic action in the federal funds market: amid myriad uncertainties surrounding the novel coronavirus, […]

dullest tool in the shed

  This blog post accompanies the SDPR Morning Macro segment that airs on Monday, March 2. Although no one knows how the novel coronavirus will affect the global and U.S. economies, everyone agrees the outcome will be inferior to what would have occurred had the virus not struck.  Putting aside for now the (significant) public-health consequences, […]

das kapital

 This blog post accompanies the SDPR Morning Macro segment that airs on Monday, January 27. In the last episode of Morning Macro (“California Dreaming“), I alluded to the presidential address that Alvin Hansen delivered at the 51st annual meeting of the American Economic Association (Detroit, Michigan, December 28, 1938), where Hansen spoke on “secular stagnation—sick […]