Category
Prices & Inflation
Inflation, deflators, and tracking what's happening to prices.
12 posts
Posts in this category
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Why Fewer People Are Out of the Workforce for Family
As prices rise again, the question is which households suffer.
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Income growth is slowing. For low-paid workers, real wages are falling.
March inflation jumped to 3.3% year over year, up from 2.4% in February. The main driver was gasoline as the Iran war pushed pump prices ...
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China is exporting cheap capital goods to the world
In 1950, the Argentine economist Raul Prebisch published a finding that would shape development economics for decades: the prices of comm...
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What interest rates tell you about the oil shock
Since the Strait of Hormuz closed at the end of February, WTI crude oil has risen from $63 to $105 a barrel. Interest rates across the ec...
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The Wrong Gift
Two Democratic senators recently introduced competing proposals to cut taxes for working Americans. Sen. Van Hollen’s Working Americans’ ...
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Economic Data Review: Q1 2026
The Federal Reserve begins its two-day meeting today and is widely expected to hold the federal funds rate at 3.50-3.75 percent. With abo...
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New Mexico’s Oil Boom Continues
New Mexico made news with the state’s impressive plan to offer universal child care. I wrote about this a couple years ago. At the time, ...
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Real Wage Measures
There’s been renewed discussion about real wages and the associated measurement issues. The main issue concerning these data in 2020 and ...
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New Mexico’s Oil Boom
While the US invests in climate-related initiatives and alternatives to fossil fuels, domestic oil production is also at an all time high...
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Real Wages, Inflation, and Consumer Sentiment
Wages are increasing faster than inflation. Additionally, wage growth rates are strongest for low-wage workers. Despite real wage growth,...
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Do regional inflation differences affect nationwide real wage estimates?
Some basic facts about the US economy point to the possibility that inflation is overstated in measures of real wage growth for workers a...
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Student debt explains why wage growth hasn’t caused inflation
The Fed has been raising interest rates because of concern that rising wages will lead to inflation. The problem with this argument is th...
