dullest tool in the shed

This blog post accompanies the SDPR Morning Macro segment that airs on Monday, March 2. In his presidential address delivered at the 114th annual meeting of the American Economic Association (Washington, DC, January 4, 2003), Nobel Laureate Robert E. Lucas Jr. spoke on Macroeconomic Priorities.  In his address, as published subsequently in the March 2003 edition […]

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 […]

california dreaming

  This blog post accompanies the SDPR Morning Macro segment that airs on Monday, January 13. Earlier this month, the American Economic Association (AEA) held its annual meeting—a three-day conference during which hundreds of speakers present their detailed economic analyses of myriad social science issues.  Each year, the AEA annual meeting is held in conjunction […]

all consuming

  This blog post accompanies the SDPR Morning Macro segment that airs on Monday, December 16. Last Friday, December 13th, the U.S. Census Bureau reported its advanced estimates for retail and food-services sales for November 2019.  The report underwhelmed, signaling lower-than-expected sales during a crucial holiday-shopping month.  According to the Wall Street Journal, “Consumers held […]

gone fishin’

  This blog post accompanies the SDPR Morning Macro segment that airs on Monday, December 2. Interest rates attract enormous attention in the financial press, and no wonder: credit—and, so, the cost of financing credit—supports many of the economic activities in which households, firms, and governments around the world engage.  In this regard, the U.S. […]

growing old(er)

  This blog post accompanies the SDPR Morning Macro segment that airs on Monday, November 18. The U.S. economy has been in the expansion phase of its business cycle since the second quarter of 2009—the end of the Great Recession a decade ago.  An expansion is one of four so-called phases of a business cycle; the other […]