Interpreting Deviations from Okun’s Law

April 21, 2014

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 […]

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

April 21, 2014

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 […]

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Report of the President’s Working Group on Financial Markets

April 21, 2014

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 […]

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NOAA releases Arctic Action Plan

April 21, 2014

“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 […]

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

April 21, 2014

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 […]

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Wealth and Inheritance in the Long Run

April 21, 2014

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 […]

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Book Review – The Limits of Social Engineering

April 21, 2014

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 […]

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

April 21, 2014

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, […]

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Guardian – Emails expose BP’s attempts to control research into impact of Gulf oil spill

April 20, 2014

Documents obtained under the Freedom of Information Act show BP officials discussing how to influence the work of scientists: ”BP officials tried to take control of a $500m fund pledged by the oil company for independent research into the consequences of the Gulf of Mexico oil disaster, it has emerged. Documents obtained under the Freedom of Information Act show BP officials openly […]

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Differential Mortality and Retirement Benefits in The Health And Retirement Study

April 20, 2014

Barry P. Bosworth, The Brookings Institution; Kathleen Burke, Consumer Financial Protection Bureau: ”This analysis uses data from the Health and Retirement Study (HRS) to examine the sources of variation in mortality for individuals of varying socio-economic status (SES). The use of the HRS allows a distinction between education and a measure of career earnings as primary determinants of socio-economic […]

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Employment in large metropolitan areas – From February 2013 to February 2014

April 20, 2014

BLS – “Employment in large metropolitan areas – From February 2013 to February 2014, nonfarm employment rose in 33 of the 38 metropolitan areas with annual average employment levels above 750,000 in 2013, decreased in 4 areas, and was unchanged in Kansas City, Missouri-Kansas. CHART IMAGE CHART DATA In February 2014, the largest over-the-year percentage […]

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BLS – High-income household spending and the economic recovery

April 20, 2014

Aaron E. Cobet: “In late 2007, the United States fell into a “Great Recession.” According to the National Bureau of Economic Research the recession officially ended in June 2009, but it took several more years for average household income and expenditures to exceed their 2008 levels in nominal terms. The recession lowered household income and consumer expenditures […]

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