This blog post accompanies the SDPB Monday Macro segment that airs on Tuesday, January 3, 2023. Click here to listen to the segment, which appears under the heading, “Modeling with the stars.” Macroeconomists study the economy as a whole. As such, we are most interested in the general features of the economy—those measures of aggregate quantities and […]

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, December 5, 2022. Click here to listen to the segment. On Friday, the U.S. Bureau of Labor Statistics (BLS) reported employers added 263,000 jobs in November, while the unemployment rate remained at a very-low 3.7 percent and average hourly earnings grew strongly at 5.1 […]

This blog post accompanies the SDPB Monday Macro segment that airs on Tuesday, November 8, 2022. Click here to listen to the segment, which begins at minute 19:00. On Wednesday, November 9, at 7 pm in the SDSU Oscar Larson Performing Arts Center, Minneapolis Federal Reserve Bank President Neel Kashkari will sit down with me to discuss […]

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, October 3, 2022. Click here to listen to the segment. On Tuesday, October 4, 2022, during the Economic Outlook Seminar hosted by the South Dakota Chamber of Commerce and Industry in Sioux Falls, I will present an analysis of the current U.S. macroeconomy. On […]

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, September 19, 2022. Click here to listen to the segment, which begins at minute 23:45. Yesterday, in an extended exposé, the Wall Street Journal reported the “Dollar’s Rise Spells Trouble for Global Economies.” In the article, the authors describe the current strength […]

This blog post accompanies the SDPB Monday Macro segment that airs on Thursday, August 11, 2022. Click here to listen to the segment, which begins at minute 22:30. On August 7th, the U.S. Senate passed the Inflation Reduction Act of 2022, a 755-page bill that awaits anticipated passage in the U.S. House of Representatives and […]

This blog post accompanies the SDPB Monday Macro segment that airs on Tuesday, July 5, 2022. Click here to listen to the segment. What Mark Sandman of the band Morphine was thinking when he wrote Cure for Pain remains the subject of much debate among the band’s enthusiasts, me included. Though chances are good he […]

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, June 6, 2022. Click here to listen to the segment. On July 12, 1987, the New York Times Book Review published a piece by Nobel Laureate, Robert Solow, who reviewed, Manufacturing Matters: The Myth of the Post-Industrial Economy, by Stephen S. Cohen […]

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, May 2, 2022.  Click here to listen to the segment. Comparing the current U.S. economy, with its high and seemingly persistent inflation, with the U.S. economy of the 1970s, the decade of the so-called Great Inflation, is now common practice. Fixating on the comparison […]

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, April 4, 2022. Click here to listen to and watch the segment. On April 4th, the Ness School of Management and Economics (NSME)—home of Monday Macro on the campus of South Dakota State University—will host Known Unknowns, an afternoon of public lectures, […]