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J. Bradford DeLong
By J. Bradford DeLong - May 14,2022
BERKELEY  —  As of Friday, May 6, the bond market expected US consumer price inflation to average 2.5 per cent between five and ten years from now. That is the rate of inflation needed to equalize returns on inflation-indexed and non-indexed US Treasury securities.
By J. Bradford DeLong - Feb 08,2022
BERKELEY — In the history of modernity, the real sea change came in 1870, with what the Nobel laureate economist Simon Kuznets called “Modern Economic Growth”.
By J. Bradford DeLong - Jan 10,2022
BERKELEY — Humanity as a whole is wealthier today than at any time in its history. And yet, from the short-term challenge of the pandemic to the existential threat of global warming, there is a widespread sense that things are going badly wrong.
By J. Bradford DeLong - Dec 08,2021
BERKELEY — Approximately 13 per cent of low-wage jobs in Germany would not be viable if workers understood just how good their outside options truly are.
By J. Bradford DeLong - Nov 11,2021
BERKELEY – In the past three years, technological advances have provided about one percentage point of warranted US real wage growth each year, admittedly, only half the rate of earlier times, but still something.
By J. Bradford DeLong - Oct 05,2021
BERKELEY — If you are concerned about the well-being of the United States and interested in what the country could do to help itself, stop what you are doing and read historian Geoffrey Kabaservice’s superb 2012 book, “Rule and Ruin: The Downfall of Moderation and the Destruction
By J. Bradford DeLong - Sep 05,2021
BERKELEY —  In 1987, Alan Greenspan was appointed by Republican President Ronald Reagan to chair the US Federal Reserve (Fed) board of governors, succeeding Paul Volcker.
By J. Bradford DeLong - Aug 08,2021
BERKELEY — The world is facing two disasters that are making the COVID-19 crisis doubly worse than it ought to be. The first is the rise of the Delta variant, which is twice as contagious and 1.5-2 times deadlier than the original coronavirus.
By J. Bradford DeLong - May 09,2021
BERKELEY — The financial and economic news in the United States lately has been dominated by concerns about inflation. “Runaway inflation is the biggest risk facing investors, Leuthold’s Jim Paulsen warns,” according to the cable news channel CNBC.
By J. Bradford DeLong - Mar 10,2021
BERKELEY  —  Back in 1992, Lawrence H. Summers, then the chief economist at the World Bank, and I warned that pushing the US Federal Reserve’s (Fed) annual inflation target down from 4 per cent to 2 per cent risked causing big problems.



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