MacroMania

Everyone knows that deflation is bad. Bad, bad, bad. Why is it bad? Well, we learned it in school. We learned it from the pundits on the ...

Ah, the airport bookstore. As monetary theorist and history buff, I could not resist this tantalizing title:  Debt: The First 5000 Years . ...

=================================================================== Note: The following is an edited version of my original post. Thanks t...

Dave Wheelock , my colleague at the St. Louis Fed, points me to this nice article: Repeat After Me: Banks Cannot and Do Not "Lend Out...

I am always amazed at how well a log-linear trend line seems to fits real GDP (or per capita GDP) in the United States. Through a great dep...

Izabella Kaminska reports here on a Credit Suisse comparison of Japan and the Euro area (h/t Scott Sumner ). Here is an interesting diagra...

This is a follow-up to my earlier post: Employment Along the Canada-U.S. Border . In that post, I reported employment ratios and participat...