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Daily Archives: April 21, 2014

Returning to Full Employment: What Do the Indicators Tell Us?

CRS – Returning to Full Employment: What Do the Indicators Tell Us? Marc Labonte, Specialist in Macroeconomic Policy. April 15, 2014. “Until recently, the economy and labor market were experiencing an unusually slow recovery from the longest and deepest recession since the Great Depression compared to other expansions since World War II. The rapid decline in the unemployment rate… Continue Reading


“The Gulf Long-term Follow-up Study (GuLF STUDY)  is the largest study ever conducted on the potential health effects associated with an oil spill, with nearly 33,000 participants. The GuLF STUDY is focused on prospectively determining both physical and mental health effects related to the 2010 Deepwater Horizon oil spill and is collecting information that can… Continue Reading

Interpreting Deviations from Okun’s Law

Interpreting Deviations from Okun’s Law. Mary C. Daly, John Fernald, Òscar Jordà, and Fernanda Nechio “Arthur Okun (1962) described the consistent relationship between changes in output and changes in unemployment that has become a standard tool for monetary policymakers and forecasters. The statistical relationship he uncovered has come to be known as Okun’s law. A simple… Continue Reading

An Evaluation of the Inflationary Pressure Associated with Short- and Long-term Unemployment

An Evaluation of the Inflationary Pressure Associated with Short- and Long-term Unemployment. Michael T. Kiley. April 16, 2014. “In the years following 2009, long-term unemployment has been very elevated while inflation has fallen only moderately, raising the question of whether the long-term unemployed exert less downward pressure on prices than the short-term unemployed, perhaps because such potential workers are… Continue Reading

Report of the President’s Working Group on Financial Markets

Report of the President’s Working (PWG) Group On Financial Markets. The Long-Term Availability and Affordability ofInsurance for Terrorism Risk. Completed pursuant to 15 U.S.C. 6701 note § 108(e) April 2014. “Consistent with the 2006 and 2010 PWG reports, this Report draws its data and conclusions from commentssubmitted in response to the PWG Notice, particularly data provided by two… Continue Reading

NOAA releases Arctic Action Plan

“Earlier this year, President Obama released a plan for moving forward on his national strategy to advance U.S. security and stewardship interests in the Arctic. Today, in keeping with the goals and tenets of his strategy, NOAA unveils its Arctic Action Plan—a document that provides NOAA scientists, stakeholders and partners a roadmap to make shared progress in monitoring, understanding, and… Continue Reading

The Flow of Technology Talent into Government and Civil Society – A Report

A Future of Failure? The Flow of Technology Talent into  Government and Civil Society – A Report, Freedman Consulting, LLC.  “Among the key findings of this report: The Current Pipeline Is Insufficient: the vast majority of interviewees indicated  that there is a severe paucity of individuals with technical skills in computer science, data science, and the Internet or… Continue Reading

Wealth and Inheritance in the Long Run

Wealth and Inheritance in the Long Run. Thomas Piketty, Paris School of Economics; Gabriel Zucman, London School of Economics and UC Berkeley. April 6, 2014. “This article o ers an overview of the empirical and theoretical research on the long run evolution of wealth and inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up until World War… Continue Reading

Book Review – The Limits of Social Engineering

Tapping into big data, researchers and planners are building mathematical models of personal and civic behavior. But the models may hide rather than reveal the deepest sources of social ills, by Nicholas Carr on April 16, 2014, MIT Technology Review. “…Even if we assume that the privacy issues can be resolved, the idea of what Pentland  [Alex… Continue Reading

New GAO Reports – HHS and Enroll America, IRS Budget Cuts, Private Pensions

DEPARTMENT OF HEALTH AND HUMAN SERVICES: Solicitations of Support for Enroll America, GAO-14-305R: Published: Mar 21, 2014. Publicly Released: Apr 21, 2014. INTERNAL REVENUE SERVICE: Absorbing Budget Cuts Has Resulted in Significant Staffing Declines and Uneven Performance, GAO-14-534R: Published: Apr 21, 2014. Publicly Released: Apr 21, 2014. PRIVATE PENSIONS: Pension Tax Incentives Update, GAO-14-334R: Published: Mar 20, 2014. Publicly Released: Apr 21,… Continue Reading