@jmwooldridge Nope. Say unemployment goes from 4% of workers to 5% of workers. That is a one percentage point change -- from 4 to 5, one point. But, a one point change from 4% is one-quarter of that 4%. It is a 25% change in the unemployment rate. And, thanks for your econometrics text!
Our message to NYU and our communities is clear: we are strong, we are not afraid, we are outraged by supporters of terror and we join with good people everywhere to fight back!
Whether you agree or disagree with him, #RobAtkinsonITIF never #knee-jerks a policy on how the #US can best compete with #China. Listen to him take on "conventional wisdoms" on #ThePoliticalConversation at https://t.co/vVlIiJQ2oZ
America’s power to deter other states and terror organizations from taking steps that destabilize the world is fading. That is why so many crises are erupting in so many places. If Biden doesn’t stop the decline, things could get a lot worse very fast. https://t.co/dTOsrwqnbj
America’s power to deter other states and terror organizations from taking steps that destabilize the world is fading. That is why so many crises are erupting in so many places. If Biden doesn’t stop the decline, things could get a lot worse very fast. https://t.co/dTOsrwqnbj
A great new book on how to fix the role of tech in our economy -- "Power and Progress" by @DAcemogluMIT and @baselinescene of MIT. Check out Daron on how to fix our tax system on @ThePoliticalCo at https://t.co/qFKK7xhyYb.
My book, co-authored with @baselinescene, Power and Progress: Our Thousand-Year Struggle over Technology and Prosperity is out today (https://t.co/tc5Exlun3o).
Here is a thread to explain why we wrote it (and why we are excited to share the ideas that are basis of the book).
Reflections on the Turkish election. (Thread)
It's hard not to be disappointed with the outcome. Erdogan close to a victory, even if there will most likely be a runoff. This is worse than most of us expected.
Okay @Noahpinion , I know who's opinion to pay more attention to -- the weird guy with the hair or the sleek, orderly feline. But thanks for the laugh #econblogger.
Amen Noah. If China confirms the position that former "USSR Republics" are not now independent nations, then Kazakstan, Kyrgistan and Tajikstan, which share a border with China, will wonder what China's ambitions include.
#Goodnews! What happens next? We see if the case stays on appeal before the 5th Circuit Court of Appeals or if there is a petition for a writ of certiorari to bring review directly to the Supreme Court. #Not_over_yet.
We have been teaching first-year Stanford MBAs about interest rate risk for years -- and for the past 5 years with a simple spreadsheet in which we ask students to shock the balance sheet of a sample bank with a 1% and then 2% increase in interest rates. https://t.co/O3Wak7Nwnn
Thanks @Noahpinion, you are sooooooo right! Cities can actually be places to live in instead of spectacles to reduce us to stupefied awe. Check out @citiesforpeople.