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Inclusive Growth

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Global Housing Watch

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Forecasting Follies

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Energy & Commodities

Global House Prices: falling, recovering, or bubbling?

My colleague Hites Ahir, who has worked with me over the years on housing issues, is making this presentation at UDC today. What’s the answer to the question posed in this title? See his presentation below to find out.

My colleague Hites Ahir, who has worked with me over the years on housing issues, is making this presentation at UDC today. What’s the answer to the question posed in this title? See his presentation below to find out.

Read the full article…

Posted by at 1:56 PM

Labels: Housing

Judging Jeff Sachs

I wrote a profile of economist Jeff Sachs that paints a positive picture of his achievements, particularly of his early work in Poland. A new book seems to be much more critical of Sachs, particularly of his recent work in Africa, according to this book review.

I wrote a profile of economist Jeff Sachs that paints a positive picture of his achievements, particularly of his early work in Poland. A new book seems to be much more critical of Sachs, particularly of his recent work in Africa, according to this book review.

Read the full article…

Posted by at 10:03 AM

Labels: Profiles of Economists

Distributional Consequences of Fiscal Consolidation

The IMF released a second working paper on the distributional impacts of fiscal consolidation. Like the previous work, this one concludes that “fiscal consolidations are likely to raise inequality through various channels including their effects on unemployment. Spending-based consolidations tend to worsen inequality more significantly, relative to tax-based consolidations.” For more on the IMF’s recent work on fiscal policy, see this presentation at UNICEF.

The IMF released a second working paper on the distributional impacts of fiscal consolidation. Like the previous work, this one concludes that “fiscal consolidations are likely to raise inequality through various channels including their effects on unemployment. Spending-based consolidations tend to worsen inequality more significantly, relative to tax-based consolidations.” For more on the IMF’s recent work on fiscal policy, see this presentation at UNICEF.

Read the full article…

Posted by at 1:30 PM

Labels: Unemployment

Global House Price Watch

1. Index of global house prices keeps inching up …

2. … with house prices rising in 30 countries out of 51 included in the index

3. Among OECD countries, increases and declines are more evenly balanced

4. In most OECD countries house price-to-rent ratios remain above their historical averages …

5. … as do house price-to-income ratios

Here’s the full report

Full report

1. Index of global house prices keeps inching up …

2. … with house prices rising in 30 countries out of 51 included in the index

3. Among OECD countries, increases and declines are more evenly balanced

4. In most OECD countries house price-to-rent ratios remain above their historical averages …

5.

Read the full article…

Posted by at 10:23 PM

Labels: Housing

Okun’s Not Broken: Jobs and Growth are Still Linked


I sound like a broken record (young people will not know how a broken record sounds, let alone what a ‘record’ is) but I gave a talk at the New School for Social Research today on how jobs and growth are linked in many countries across the globe. On a personal note: It was difficult not to ‘feel verklempt’ giving a talk at New School–Robert’s Heilbroner’s “The Wordly’s Philosophers” is probably why I became an economist.

I sound like a broken record (young people will not know how a broken record sounds, let alone what a ‘record’ is) but I gave a talk at the New School for Social Research today on how jobs and growth are linked in many countries across the globe. On a personal note: It was difficult not to ‘feel verklempt’ giving a talk at New School–Robert’s Heilbroner’s “The Wordly’s Philosophers” is probably why I became an economist. Read the full article…

Posted by at 8:00 PM

Labels: Unemployment

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