In addition to previous open letters, here is one released today, with over 750 signatories:
Nationwide, labor force down 2.7% from February, and down 2.4% from year ago.
The Center for Research on the Wisconsin Economy (CROWE) sponsored a series of talks on the election and economic issues. Yesterday’s talk was by Princeton’s Alan Blinder (former CEA member, former Fed Vice Chair). His talk with Q&A is here (YouTube).
Other visitors included Lee Ohanian, Diane Whitmore Schanzenbach, Casey Mulligan and Brian Riedl (Manhattan Institute).
The most recent “excess fatality” count remains solidly in the positive region, despite the severe under-reporting bias in the most recent observations. To see this, consider the most recent estimates for each of the previous vintages of “excess fatalities” calculated as actual-expected.
Just in time for the module on fiscal policy in my macro policy course, multipliers in a time of Covid-19. From a CBO working paper by Selsiki, Betz, Chen, Demirel, Lee, and Nelson, “Key Methods That CBO Used to Estimate the Effects of Pandemic-Related Legislation on Output”.
Given apparent gridlock in Washington – that is the gap between the administration and Senate Republicans on phase 4 recovery package – Wall Street economists and academics see the recovery somewhat differently. From the Initiative on Global Markets/FiveThirtyEight Covid panel round 10 survey (released October 12).