Wednesday, 4 December 2013

The price is not right: charting home prices across the globe – News and views for Wednesday 4 December

News and views noted along the way.
  • Presidents and the Economy: A Forensic Investigation -”Democrats would no doubt like to attribute the large D-R growth gap to better macroeconomic policies, but the data do not support such a claim. Fiscal policy reactions seem close to ‘even’ across the two parties, and monetary policy is, if anything, more pro-growth when a Republican is president—even though Federal Reserve chairmen appointed by Democrats outperform Federal Reserve chairmen appointed by Republicans. It seems we must look instead to several variables that are mostly ‘good luck’.”
  • Chimps Are People, Too? Lawsuit Will Test That Question
  • Feeding the Bubble: Is the Next Crash Brewing? – “Central banks around the world are pumping trillions into the economy. The goal is to stimulate growth, but their actions are also driving up prices in the real estate and equities markets. The question is no longer whether there will be a crash, but when.”
  • Slashing Fossil Fuel Consumption Comes With A Price
  • A penny spent is a penny earned (by someone else): Measuring GDP – “GDP can be estimated by measuring either expenditure or income. Since a penny spent is a penny earned, both methods should give the same answer, but there is substantial measurement error in both estimates. This column presents a new method of measuring US GDP that blends these two estimates. According to the new measure, GDP growth is about twice as persistent as the current headline measure implies. The new measure also makes the current recovery look stronger, especially in 2013.”
  • Why do academics blog? It’s not for public outreach, research shows – “Blogging is touted as bridge between academia and the world but study finds it functions more like global common room.”
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