Bad things lead to more bad things. But (some) bad things can be fixed.
Putin unwittingly pushed us into a new world. How will it change behavior?
It has been eight years since Russia last invaded Ukraine. What has changed, and what has not?
The immediate goal is to prevent the Russian army from resupplying its forces. Look for a sharp drop in exports to Russia from the major manufacturing…
Production and consumption both cratered in April. The impact on the rest of the world is uncertain.
Comprehensive data from March show that the Russian economy is being denied access to critical manufactured goods. The initial numbers for April suggest…
A comprehensive decomposition of the changes in consumer prices since the pandemic began suggests that supply constraints in a handful of sectors are…
Domestically-generated U.S. inflation was slowing down in March. But the good news was offset by Russia-related shortages of energy and food. Lockdowns…
Many price increases, particularly for manufactured goods, seem to be moderating or reversing. But persistent inflation in the prices of select…
Time for something different
Getting into the guts of net exports, the statistical discrepancy, and more.
The death and disruption were bound to create real economic losses, even if things are better now than what one might have feared in the spring of 2020…