The Overshoot

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The latest data imply that little has changed since August.
Matthew C. Klein
13
The latest data on wages suggest that declining job market churn has not been sufficient to normalize the pace nominal income growth.
Matthew C. Klein
19
4
Brad Delong's new history makes an important point well, and gave me a lot of food for thought. But I have some quibbles.
Matthew C. Klein
27
2
What the return of inflation means, and doesn't mean, for our understanding of the link between inequality and underconsumption.
Matthew C. Klein
20
3
Goods prices are falling and input costs have mostly stopped rising. Wage gains associated with labor market churn have slowed, although not enough…
Matthew C. Klein
17
2
Total imports have largely recovered thanks to surging exports from China and Turkey. Also: figuring out where the current account surplus has been…
Matthew C. Klein
14
More details on Japanese financial positions and the state of yield curve control.
Matthew C. Klein
20
1
Japan's unique balance of payments and inflation dynamics allow the Ministry of Finance to focus on supporting the currency even as the Bank of Japan…
Matthew C. Klein
24
Temporary forces that pushed annualized inflation into the double-digits are going into reverse. The remainder is being determined (mostly) by the pace…
Matthew C. Klein
28
3
I just want things to make sense.
Matthew C. Klein
18
What makes the economy different, and why this (might) make Japanese stocks relatively attractive.
Matthew C. Klein
30
1
The BEA has updated its estimates of everything from private sector wages to spending at restaurants and dividend payouts.
Matthew C. Klein
29
10
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