Economix: Keynesians Miss the Point, for Now
Casey B. Mulligan is an economics professor at the University of Chicago. Our labor market has long-term problems that are not addressed by Keynesian economic theory. New Keynesian economics is built...
View ArticleThe Search: Talk About Pay Today, or Suffer Tomorrow
Many job seekers would be thrilled to be offered a job at all. How ungrateful and even risky, they may feel, to haggle over salary when the unemployment rate is so high. And research shows that even...
View ArticleFed Officials Divided on Need for More Monetary Stimulus
“A few members noted that, depending on how economic conditions evolve, the committee might have to consider providing additional monetary stimulus, especially if economic growth remained too slow to...
View ArticleEconomix: The Fed Splits
FLOYD NORRIS Notions on high and low finance. There is more than meets the eye to the split at the Federal Reserve. There must be. The Fed’s statement Tuesday afternoon says that the majority...
View ArticleDealBook: Goldman’s Profit Falls but Tops Estimates
Richard Drew/Associated PressGoldman Sachs was up more than 5 percent on Wednesday at the New York Stock Exchange. Goldman Sachs said on Wednesday that it earned $978 million in the fourth quarter,...
View ArticleFundamentally: The Economy and the Stock Market: A Big Disconnect
With only two weeks remaining in 2012, Congress and the White House have made little headway on a deal to avoid the spending cuts and tax increases that are set to kick in at the end of December — a...
View ArticleYou’re the Boss: How to Run a Small Business
Once again, here at You’re the Boss, we spent the year in the small-business trenches. Unlike some publications, we don’t emphasize the stories of rock star entrepreneurs who never seem to struggle;...
View ArticleGlobal Economy Is Looking Brighter, World Bank Says
WASHINGTON — Some of the darkest clouds threatening the global economy have started to lift, according the World Bank’s periodic update to its economic forecasts. The latest version of the twice-yearly...
View ArticleHome Prices Rise, Producing a Buying Mood
The latest sign emerged Tuesday as the Standard Poor’s Case-Shiller home price index posted the biggest gains in seven years. Housing prices rose in every one of the 20 cities tracked, continuing a...
View ArticleEconomix Blog: Labor Force Participation Is Not Coming Back
Don’t worry about labor force participation. It’s not coming back. That’s the conclusion of a new piece of economic modeling by the respected St. Louis firm Macroeconomic Advisers. And, if true, it has...
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