The Next Phase of the Labor Market Expansion
As of the first quarter of 2022, we have effectively recovered the jobs and wages lost to the pandemic-induced recession.
Macro and Markets
20 postsImporting Constraints: Durable Goods Inflation In Context
If we are trying to describe the nature of the real constraints that the economy has been facing over the past 6-12 months, we need a richer economic vocabulary than one that reduces every inflationary constraint to a domestic labor constraint.
Beware of Russian Shut-Ins: Why The Trajectory Of Global Oil Supply Remains Fragile
This is meant to be a quick "micropost" and may be light on linking & original charts I was recently quoted saying that oil prices surging past $150...
The Biden Administration Has The Power: Administrative Authority To Address The Crisis in Oil Supply Right Now
Energy security has taken on new importance in wake of Russia’s invasion of Ukraine. We can use existing tools to confront these challenges without sacrificing our climate goals.
