Econ Blog

your daily dose of economic commentary

The anti-economists have overreached

1961. The anti-economists have overreached

An argument that critiques the oversimplification of economics by some commentators, emphasizing the importance of understanding economic theories and methods before making broad claims.

Schedule for Week of June 1, 2025

1962. Schedule for Week of June 1, 2025

Bill McBride outlines the key economic reports scheduled for the week of June 1, 2025, including employment and manufacturing data.

Continuous diff in diff

1963. Continuous diff in diff

Scott Cunningham discusses the rapid evolution and citation surge of continuous diff-in-diff methods in economics, highlighting recent developments and personal applications in causal inference.

GDP and “Core GDP” Nowcasts

1964. GDP and “Core GDP” Nowcasts

Menzie Chinn discusses the concept of "core" GDP and its implications for economic momentum and growth forecasts in 2025Q2.

Meta plans to replace humans with AI to assess privacy and societal risks

1965. Meta plans to replace humans with AI to assess privacy and societal risks

Concerns arise over Meta's automation strategy, which may enable AI to make critical decisions regarding privacy and societal risks associated with its applications.

Trump Predicts at Least 3% Growth

1966. Trump Predicts at Least 3% Growth

Menzie Chinn discusses Trump's growth predictions, comparing them to past promises and analyzing GDP data related to those forecasts.

Despite Upward Revisions, Sentiment Still Looks Pretty Poor

1967. Despite Upward Revisions, Sentiment Still Looks Pretty Poor

Menzie Chinn discusses the updated Michigan survey figures, highlighting improvements in economic sentiment despite previously negative expectations.

Who Bears the Burden of Tariffs?

1968. Who Bears the Burden of Tariffs?

An argument that the burden of tariffs primarily falls on consumers or producers depends on the elasticities of demand and supply, not merely on who pays the tariffs.

Business Cycle Indicators as Reported at May’s End

1969. Business Cycle Indicators as Reported at May’s End

Menzie Chinn discusses revisions in consumption and income levels, along with indicators of economic growth through April, based on various data sources.

May 30th COVID Update: Weekly COVID Deaths at New Pandemic Low

1970. May 30th COVID Update: Weekly COVID Deaths at New Pandemic Low

The post discusses the recent decline in weekly COVID deaths, highlighting metrics and goals related to pandemic data reporting and wastewater analysis.

The U.S.-China trade war, according to game theory

1971. The U.S.-China trade war, according to game theory

An argument that the U.S.-China trade war can be analyzed through game theory, exploring strategic decisions and potential outcomes of the involved leaders.

PBS and Minnesota public TV station sue Trump White House

1972. PBS and Minnesota public TV station sue Trump White House

A lawsuit is filed against the Trump administration over an executive order threatening funding for public television networks.

Life is Made of Trade

1973. Life is Made of Trade

Ryan Young discusses the fundamental role of trade in the evolution of life, illustrating how specialization and exchange led to complex organisms.

1974. Will the Courts Save Trump from His Tariffs?

Timothy Taylor discusses the legal challenges to Trump's tariffs, focusing on the authority of the President and the implications for Congress's powers.

Q2 GDP Tracking: Wide Range due to Trade "Distortions"

1975. Q2 GDP Tracking: Wide Range due to Trade "Distortions"

The post discusses GDP tracking estimates influenced by trade deficits, import-export fluctuations, and measurement challenges due to tariff impacts on economic growth.

How America Built the World’s Most Successful Market for Generic Drugs

1976. How America Built the World’s Most Successful Market for Generic Drugs

Alex Tabarrok discusses how U.S. policies, particularly the Hatch-Waxman Act, have created a successful and competitive market for generic drugs, leading to lower prices.

Wrapping up CodeChella second edition

1977. Wrapping up CodeChella second edition

Scott Cunningham reflects on the successful second edition of CodeChella, a workshop in Madrid focused on research methodologies and cultural experiences.

Digital Corruption Takes Over DC

1978. Digital Corruption Takes Over DC

Paul Krugman discusses the influence of cryptocurrency on U.S. policy and its ties to corruption in politics, particularly regarding the proposed GENIUS Act.

PCE Measure of Shelter Decreases to 4.2% YoY in April

1979. PCE Measure of Shelter Decreases to 4.2% YoY in April

Bill McBride discusses the year-over-year changes in shelter costs as measured by CPI and PCE, highlighting trends and implications for future rent increases.

Personal Income increased 0.8% in April; Spending increased 0.2%

1980. Personal Income increased 0.8% in April; Spending increased 0.2%

Personal income and spending data for April 2025 show increases in both metrics, with inflation rates slightly below expectations, indicating economic growth trends.