Consumers Continue to Support Healthy GDP Growth

August 30th, 2017
in consumer metrics institute, gdp

by Rick Davis, Consumer Metrics Institute

August 30, 2017 - BEA Revises 2nd Quarter 2017 GDP Growth Upward to 3.04%:

In their second estimate of the US GDP for the second quarter of 2017, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +3.04% annual rate, up +0.48% from their previous estimate and up +1.80% from the prior quarter.

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German Macroeconomics: The Long Shadow of Walter Eucken


-- this post authored by Peter Bofinger

At first sight, it is difficult to explain why the macroeconomic debate and macroeconomic policy in Germany differ considerably from other countries, despite the same academic textbooks and models being used as elsewhere. This column explains how a specific paradigm of macroeconomics, developed by Walter Eucken and diametrically opposed to Keynesian economics, is behind the German formal theoretical apparatus. The success of German macroeconomic policy can be attributed to the openness of the German economy, which allows it to benefit from macroeconomic policies pursued in other major countries.

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A Brief History of the Bank of England’s Endogenous Money Policies: An Ode to Roy Harrod

by Philip Pilkington

Roy Harrod, usually remembered today for his part in the development of the Harrod-Domar growth model was also, so far as I can see, the most sophisticated monetary economist among the early Post-Keynesians. His book Money, designed as a sort of textbook put together over the years using his lecture notes, is a testament to how a course on monetary economics should be taught.

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All Things Bearish

August 23rd, 2017
in macroeconomics

 by John Mauldin, Thoughts from the Frontline

“There is only one side of the market and it is not the bull side or the bear side but the right side.”– Jesse Livermore

“At least us old men remember what a real bear market is like. The young men haven’t got a clue.”– Jeremy Grantham

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Optimizing the Federal Corporate Tax Rate

Written by , Alternativeinsight

The Trump administration and its lower tax advocates have not provided adequate analyses and proofs to validate their opinions. Proponents of lower corporate taxes, who claim it will make corporations more productive and escalate production activity, may find their proposals do not automatically make corporations more competitive and benefit the economy less than equivalent government spending.

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