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J. Bradford DeLong
By J. Bradford DeLong - May 27,2024
BERKELEY — Inflation in the United States is lower than it was a year ago, and substantial economic weakness elsewhere is driving other central banks toward interest-rate cuts.
By J. Bradford DeLong - Apr 18,2024
BERKELEY — In the United States, the long-term real safe interest rate, the inflation-adjusted return on low-risk investments such as Treasuries, is, in addition to “financial conditions”, the key mechanism influencing both the incentive to build and the balance of net exports (o
By J. Bradford DeLong - Feb 08,2024
BERKELEY — At its monthly meeting on January 31, the Federal Reserve’s (Fed’s) Federal Open Market Committee (FOMC) held firm on interest rates.
By J. Bradford DeLong - Nov 27,2023
BERKELEY — The Google antitrust trial has finally shown just how much the world’s dominant search engine is willing, and able, to pay to be the default on smartphones and other devices: $26 billion in 2021 alone, $18 billion of which went to another tech giant, Apple.
By J. Bradford DeLong - Oct 03,2023
 BERKELEY — Allow me to offer high praise for The Civic Bargain: How Democracy Survives, the new book by the independent scholar Brook Manville and Josiah Ober of Stanford University’s Hoover Institution.
By J. Bradford DeLong - Aug 02,2023
BERKELEY — Suppose that you had invested your wealth in a broadly diversified set of stocks, starting in January 1871, with the dividends being rolled back into your portfolio, and with your portfolio being rebalanced every January to maintain diversification.
By J. Bradford DeLong - Jul 24,2023
BERKELEY — Some of us are more optimistic than others about the future.
By J. Bradford DeLong - Jun 13,2023
BERKELEY — In my view, the most profound and insightful work of political economy written in the 2010s was neither a journal article nor a monograph nor a book in the traditional sense. Rather, it was an online symposium.
By J. Bradford DeLong - Feb 04,2023
BERKELEY — My book on the economic history of the twentieth century, published last fall, did not include a chapter on the question of the future or “what we should do next”, because my frequent co-author, Stephen S.
By J. Bradford DeLong - Jan 03,2023
BERKELEY  —  At the start of February 2022, the five-year, five-year-forward consumer-price-index (CPI) inflation break-even rate in the US bond market was hovering at around 2 per cent per year, a figure that corresponds to a chain-weighted personal-consumption-expendi



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