Contingent Supply: The SPR in The Current Moment
Recent developments in oil markets show how important it is to follow through on the second half of the SPR strategy.
A Vacant Metric: Why Job Openings Are So Unreliable
The Federal Reserve has given job vacancy data center stage in assessing the strength of the labor market. The theoretical and empirical issues with vacancies data show that this is a mistake.
Cars, Reopening, & Housing Drove American Inflation While Natural Gas Heated European Inflation: Disaggregating Differences in US-Europe Inflation
When we disaggregate the aggregate inflation statistics, we find that the sources of high inflation in the US and Europe are different.
Proceed With Caution! Comparing Inflation Across Countries is Complicated
In this first piece of a series, we’re going to walk through an overview of the ways inflation statistics can diverge between countries and demonstrate just how difficult it is to establish apples-to-apples comparisons between aggregate inflation measures in different countries.
The “Break Glass” Moment: Secretary Yellen Should Use the ESF to Insure and Accelerate Commodity Production
The Department of Treasury should be making use of the Exchange Stabilization Fund (ESF) to target accelerated supply-side responses and insure critical producers against downside risks.
