Ashok Rao has a post highlighting JOLTS data that shows that despite a steady rise in job openings since 2009, hiring has pretty much been flat. In particular, this graph (blue is openings, red is hiring):
What we see is a “V-type” recession for openings. That is, [...]
The future of Fannie Mae and Freddie Mac is in the news with a speech by the President last week outlining his proposed reforms for the pair of housing finance giants.
What role should the government play in the housing market in the aftermath of the second collapse of the American housing finance sector in [...]
One of the most important ideas to emerge from market monetarist writing in the blogosphere, in my opinion, is the “Sumner critique.” This critique named after Scott Sumner has been worded many different ways, but I would state it like this:
If the Fed is successfully stabilizing a nominal anchor – e.g. [...]