Clarifying the Debate about Deflation Concerns

by Mickey Levy, Voxeu.org A popular view among economic commentators is that rich countries face a serious risk of deflation, and should adopt aggressive macroeconomic stimulus policies to ward it off. This column argues that despite similar headline inflation rates, the US, Europe, and Japan in fact face very different macroeconomic conditions. In the US, …

U.S. Economy Gaining Momentum

by James D. Hamilton, Econbrowser.com Appeared originally at Econbrowser 30 January 2014 Caption illustration added by Econintersect. The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 3.2% annual rate in the fourh quarter. That’s two quarters in a row now of above average growth. Given recent experience, that sounds pretty …

Strong GDP Numbers Not Reaching Main Street

BEA Estimates 4th Quarter 2013 GDP Growth at 3.22% Annual Rate, Down Modestly from 3rd Quarter by Rick Davis, Consumer Metrics Institute In their first estimate of the US GDP for the fourth quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 3.22% annualized rate, down .9% …

Advance Estimate 4Q2013 GDP Is at Expectations

Written by Doug Short and Steven Hansen The advance estimate of fourth quarter 2013 Real Gross Domestic Product (GDP) grew a positive 3.2%. The market expected the advance estimate 4Q2013 GDP at 3.0% to 3.6%. GDP growth in 3Q2013 was 4.1%