Economy
-
How Competitive Is China? | Econbrowser
This probably seems like a silly question, but it’s actually a hard one to answer quantitatively. The standard measure is…
Read More » -
Business Cycle Indicators as of Mid-December
Industrial production -0.9% vs. +0.1% consensus (m/m).Here are some key indicators followed by the NBER’s BCDC, plus monthly GDP. …
Read More » -
If You Thought Construction Costs Were High, Wait for Mass Deportation
Average hourly wages in construction, production and nonsupervisory workers, in 2023$ (CPI deflated): Figure 1: Average hourly earnings in construction,…
Read More » -
If You Thought Grocery Prices Were High, Wait for Mass Deportation
Wages for farm workers and food processing will likely rise, if the past is any guide. Figure 1: Farm worker…
Read More » -
Trump: “Tariffs are going to make our country rich”
From Reuters: In an interview with NBC’s Meet the Press that aired on Sunday, Trump said he did not believe…
Read More » -
Eggs | Econbrowser
Bloomberg points out eggs were big in the PPI, accounting for 80% of the y/y rise (egg prices spiking due…
Read More » -
Guest Contribution: “The Diminishing Impact of Exchange Rates on China’s Exports”
Today, we’re fortunate to have Willem Thorbecke, Senior Fellow at Japan’s Research Institute of Economy, Trade and Industry (RIETI) as a…
Read More » -
US Tariff Pass-Through on Chinese Imports Is High
So be prepared. From Feng, Han, and Li (2023): As noted in the article, machinery, electronics and optical equipment accounted…
Read More » -
Instantaneous Core and Supercore Inflation for November
Including PPI and nowcasted PCE: Figure 1: Instantaneous inflation for core CPI (blue), chained core CPI (tan), supercore CPI (pink), services…
Read More » -
Instantaneous Inflation in November (and October)
Up for CPI and chained CPI. Figure 1: Instantaneous inflation (T=12, a=4) for PCE deflator (black), for PCE deflator market…
Read More »