Unit IV. Review
Inflation caused by Demand Pull or
C. Misery Index and Long-Term Secular Trends
The Misery Index is the sum of the unemployment the inflation rates.
It is a low 8.1% by historical standards with an average of 9.5% since 1948.
IV. History 8 videos
CPI results in lower
wage growth than PCE
to get elected, get funding for research...
50 years ago i learn the CPI was used
This paper by
Bruce Sacerdote is worth noting:
Editor's Note: This paper by Bruce Sacerdote is worth noting:
Income inequality in the United States:
it’s flatter than you may realize (Phillip W. Magness)
Worker Compensation has Increased Even More
Editor's Note: About 20 years ago I read where people concerned over the budget wanted to tie government salaries and SS to a more realistic measure of inflation and I was not surprised when government employees making the decision took about ten years to make the change.
SS still uses a CPI Index to adjust benefits which gives recipients a bonus. "...many economists, ...conclude that the CPI overstates inflation." "... only some of the upward bias in the CPI have been eliminated."
The Chained C-CPI-U is another step toward eliminating the substitution bias remaining in the CPI-U and CPI-W. Source As of 2005 the BLS reports "The C-CPI-U to our knowledge currently is not used in any federal legislation as an adjustment mechanism."
Price Changes 1988-2022
Inflation Often Determines Interest Rates
Interest Rates Since1800 What's Next?
Source nice graph useless analysis
Real Per Capita GDP
Some Fear the Worst
Discretionary Spending is Down Because
People Will Always Think Prices Are Too High
Stock Prices Continually Up
Reason Is Profits Are Continually Up
Were Constant Until Because We Print Money
Bubbles Continue to Hurt
|Chapter 9 Homework Questions
|Table of Contents
Brief History of U S Banking
will provide examples of what has
4. The first financial
B. Top 10 Worldwide 20th Century Financial Crises
The Long Depression And Panic Of 1873
Post WW 2 Business Cycles
Bubbles Credit And Their Consequences FED looks into predicting
See Our Studies
Editor's Note: The ten year recovery was the 1990s. The Vietnam expansion
Economic Normality Changed Seven Times 1945-2015
7. Wellbeing Continuing Growing America's Great Depression
2. Timeline of the Great Depression
3. GB, France, US and Canada
CV-19 Affect was Great-Counting Was Affected
Great Recession on top of Two Bush Wars
Recovering from Great Recession Videos
1 establishes recovery actually has been weak, even
compared to other
Recessions Shorter, Expansion Longer
source has much more recent data
Government Support Is Everywhere
Related Quick Studies
US Recessions Chronology
Most Severe US Recessions
The Great Recession 3 p
Great Recession: Historical Perspective
Post WW 2 US Economic Adjustments
Post WW2 International Economic Adjustment
Global Economic Growth and the Rise of Populism
Western Civilization Economic History
History of Stock Bubbles
Force Participation Rate from The Big Picture blog.
5. Noneconomic costs of unemployment include skill loss
6. Discouraged workers leaving the workforce lowers
unemployment. first 2 charts courtesy of Gluskin Shef
7. Q&A: Unemployment Extension WSJ, 11/18/10
8. Gallup has Higher Unemployment and Underemployment
than the government. 04/01/11
9. The Government Manipulates Unemployment Statistics
D. R. Amerman 3/12
10. Videos-negative effects of minimum wage on employment
1. Creating Jobs and Economic Security 3/27/18
2. Economics of Minimum Wage
3. New Study Proves Seattle's High MW Punishes Poor
4. Sticky Wages Hold Back Job Growth WSJ, 11/12/10
5. Exploring Different Unemploymnet Risks
6. Employment Multipliers-US
More Unemployment Data
Great Recession: Deep, Quick and Slow Recovery
2007 Finally Recovered.
Bad But Getting Better
Unlike the1930's Depression, US Has A Federal Safety Net
The calamity of the1930 resulted in federal programs like food stamps, Medicaid, Medicare, Social Security and TANF to help the unemployed began arriving in the 1960's.
III. Review Unemployment causes frication within employment process, structure
problems, cycle effects Will COVID-19 be a Big Time Turning
Will COVID-19 be a Big Time Turning Point?
Editors Note: The unemployment rate was high in 2011, 2012 and early 2013. But, calling it a Great Recession compared to the 1970's and early 1980's which also had inflation which really hurt those on fixed incomes and those with non real estate assets is an exaggeration. Especially since the earlier period had two periods of high unemployment and ten plus years of slow growth might. wikipedia be a bit of a stretch? See 16) Stagflation and the Rise of Supply-Side Economics
US Worker Lose Jobs and then FEDS
US system hurts worker self-esteem but many feel it is more efficient
Dollar Buys Less on World Markets
Some Feel Inflation Overstated
Formed in 1913, the Federal Reserve took a while to learn its job.