Economist
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News
Inside the Rent Inflation Measure That Economics Nerds Love to Hate
There’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter word: “O.E.R.” It stands for owner’s equivalent rent, and it has been used to measure American housing inflation since the 1980s. As its ...
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News
Email ‘Mistake’ on Inflation Data Prompts Questions on What Is Shared
Traders are closely watching once-obscure economic data, prompting more scrutiny of how widely the government distributes the information.
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Newyork
Robert M. Solow, Groundbreaking Economist and Nobelist, Dies at 99
His elegant work established that the main determinant of economic growth was technology, not growing capital and labor.
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Newyork
Behind the Most Famous Men in Economics There Have Always Been Women
When the Nobel Committee awarded its prize in economics on Monday to the Harvard professor Claudia Goldin — the first woman to receive the award solo — it was both a vindication of a storied career and a reminder of how male-dominated economics ...
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Newyork
Giving Workers a Raise Is Not Going to Make Inflation Worse
As the United Auto Workers strike against General Motors, Ford Motor and Stellantis expands and the union continues to hold out for big wage increases, some analysts are worrying that higher pay will be inflationary. The nightmare scenario is that ...
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News
Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling
Pay and benefits increased 1 percent, down from 1.2 percent in the first three months of the year. The cooling will be welcomed by policymakers who have been worried that rapidly rising wages could make it harder to get inflation under control.
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Newyork
This Statistic Could Be Distorting How We Think About Inflation
Preston Mui earned his doctorate in economics from the University of California, Berkeley, just last year, but he’s already making waves. This month he called out some of the biggest names in economics and policymaking in a blog post. Mui wrote that ...
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Newyork
There’s No Real Ceiling for Federal Debt? I’m Not So Sure.
I’ve written and spoken respectfully about believers in modern monetary theory over the years, so some M.M.T.-ers were taken aback when I seemed to dismiss their ideas in my newsletter last week. I wrote, “Unless you subscribe to modern monetary ...