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The US growth in 2015

The Boom Forecasted by Menzie Chinn
Wed, 2015-01-07 23:50

The US growth rate has picked up substantially but the CBO estimated output gap remains large.

Don’t Believe What You Hear About the US Economy by Dean Baker
Wed, 2015-01-07 23:55

The trade data for the fourth quarter thus far indicate that the deficit will almost certainly widen, thereby subtracting from growth. In short, anyone who expects that we will see more quarters with 5.0 percent growth is not paying attention to the data.

Why Is Wage Growth So Slow? by Mary C. Daly and Bart Hobijn
Thu, 2015-01-08 00:01

Despite considerable improvement in the labor market, growth in wages continues to be disappointing. One reason is that many firms were unable to reduce wages during the recession, and they must now work off a stockpile of pent-up wage cuts. This pattern is evident nationwide and explains the variation in wage growth across industries. Industries that were least able to cut wages during the downturn and therefore accrued the most pent-up cuts have experienced relatively slower wage growth during the recovery.

Data Insight: Which Growth Rate? It’s a Weighty Subject by Richard Crump, Stefano Eusepi, David Lucca, and Emanuel Moench
Thu, 2015-01-08 00:08

Measuring GDP growth on a year over year basis versus Q4 over Q4 basis.

Strange Bedfellows by John Cochrane
Thu, 2015-01-08 00:19

John Cochrane on Jeff Sach's article on Paul Krugman!

Farewell Secular Stagnation by David Beckworth
Thu, 2015-01-08 00:27

Technology will be the talk of the town for 2015!

Secular stagnation: a neo-paleo-Keynesian perspective by Roger Farmer
Thu, 2015-01-08 00:52

Sachs and the age of diminished expectations by Simon Wren-Lewis
Thu, 2015-01-08 00:59

Why austerity was not good at the ZLB.

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