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Consumers Vote on Economic Prospects
Menzie Chinn, Econbrowser.com
Durables consumption has experienced extreme volatility over the last 9 months (since the election). However, services and nondurables should follow the permanent income hypothesis — at least halfway (DSGE’s usually incorporate about 50% hand-to-mouth consume…
Economy & FinanceTaxes
Aug 3, 2025, 1:27 AM
CEA: “Imported Goods Have Been Getting Cheaper Relative to Domestically Produced Goods”
Menzie Chinn, Econbrowser.com
That’s the title of a report by the Trump administration CEA earlier this month. It’s an interesting question whether this is the relevant question or not. What the CEA analysis does is to use the 2017 Input-Output tables to determine what the final goods pri…
Economy & FinanceTrade
Jul 20, 2025, 2:43 PM