This blog post accompanies the SDPB Monday Macro segment that airs Monday, May 17. Click here to listen to the segment, which begins at minute 23:30 into the broadcast.) On May 12th, the nonpartisan United States Bureau of Labor Statistics (BLS) released its measure of the consumer price index (CPI) for April 2021. According to […]

This blog post accompanies the SDPB Monday Macro segment that aired Monday, April 12. Click here to listen to the segment, which begins at minute 24:50 into the broadcast.) On March 4th, the nonpartisan United States Congressional Budget Office—what economists affectionately refer to as the CBO—released its March 2021 long-term budget outlook for the federal […]

Morning Macro returns as Monday Macro on Monday, April 12, 2021, during the noon hour (CST). In past seasons, Morning Macro aired on select Monday mornings during the first hour of South Dakota Public Broadcasting’s In the Moment with Lori Walsh. As of March 29, In the Moment airs weekdays from noon to 1 pm […]

  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 […]

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 […]

  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 […]

  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 […]

  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, […]

  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, […]

 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 […]