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Friday, January 20, 2012

Lessons for Europe's Debt Crisis from Early U.S. History

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For much of the last decade, all European governments that borrowed using the euro were viewed as equal credit risks: that is, they paid ess...
Thursday, January 19, 2012

Health Care Costs are Eating Your Pay Raise

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Rand Research Highlights, based on the work of David I. Auerbach and Arthur L. Kellerman, asks: "How Does Growth in Health Care Costs A...
Wednesday, January 18, 2012

The Role of Safe Assets in a Financial System

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Gary Gorton, Stefan Lewellen, and Andrew Metrick presented " The Safe-Asset Share," one of those rare academic papers with a bas...
Tuesday, January 17, 2012

Consumer Price Index vs. Personal Consumption Expenditures Index

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 The Consumer Price Index (CPI) from the Bureau of Labor Statistics is the measure of inflation that gets the most attention, both from the ...

Eliminating the Statistical Abstract?

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I just clicked over to look up some numbers in the U.S. Statistical Abstract, which has been one of my standard starting points for fact-fin...
Monday, January 16, 2012

Certificate Programs for Labor Market Skills

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President Obama and many others have called for a dramatic increase in the number of U.S. students obtaining four-year and community college...
Friday, January 13, 2012

New Fed Nominee Jeremy Stein, Rethinking Monetary Policy

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Jeremy Stein is always worth reading, but when President Obama nominated him in late December for a seat on the Federal Reserve Board of Gov...