Trimmed Mean PCE: The inflation rate over the 12 months ending in Sept. was 2.3%. According to @BEA_News, the overall PCE inflation rate was 4.4% on a 12-month basis, and the inflation rate for PCE excluding food and energy was 3.6% on a 12-month basis.
https://t.co/fLjFt00Ng1
A little note on what the big gap currently between headline & trimmed mean PCE inflation means for future headline inflation. https://t.co/whGJIhneDh
There's been quite a bit of work done recently quantifying social distancing; here's a contribution from colleagues at the Dallas Fed. https://t.co/I3H1ZcOAah via @DallasFed
I'd like to compliment the staff of the Bureau of Economic Analysis, @BEA_News, for their work on the first quarter quarter GDP estimate. BEA has made tremendous progress since the 2007-09 recession in being able to monitor the economy in nearly real time. https://t.co/E1Z2C65y7D
Are standard epidemiological models useful for decision-making in a real epidemic in real time? We have been pondering this question recently at @LdnMathLab. Here are some (not too technical) thoughts.
Just in time for Valentine's Day! My colleagues describe a new approach to modeling matching with directed search. Draws on a recent paper of theirs in JET.
Is there a disconnect between mainstream economic theory and the practice of matchmaking? With the increasing prevalence of online dating, the question of how people match up has gained importance in economics and society. https://t.co/DMfY6lmARJ
In recent years, some labor economists have argued that a rising concentration of large firms is also contributing to income inequality because these companies have local market power and, thus, an ability to set wages at the expense of local workers. https://t.co/cZglBKgbxT