Why do we use core inflation

There is a lot of confusion over the Fed's use of core inflation as part of its policy making process. One reason for confusion is that we using a single measure to summarize three different definitions of the term "core inflation" based upon how it is used...more>>

Recession indicators

Many people may not care whether our current situation meets the formal definition of a recession, but as I've explained previously, you should. Here's a summary of how I see the economy at the moment...more>>

The teaching/research trade-off --- never believed it!

Here is a discussion among 4 economists of the teaching/research trade-off....more>>

A Top Economist Writes

It is the nature of journalism, even pieces written by top economists, for the pithy remark to take the place of accuracy or meaning. Here are three examples from an article in The Guardian...more>>