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The Year in Review, 2025: I wanted lower prices, and all I got is this lousy hole in the ground
Menzie Chinn, Econbrowser.com
Here are some of the most ridiculous (and tragic) events of 2025, in economic or economic policy terms. January: CEA designate Stephen Miran cobbles together a disjointed attempt at international finance, wherein exorbitant privilege is diminished, but US…
Jan 1, 2026, 2:02 AM
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…
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…
Jul 20, 2025, 2:43 PM