Capacity and employment are affected by cyclical factors, but employment must also adjust to structural factors.
Deleveraging may be caused by a declining willingness by households to borrow instead of a tightening of borrowing constraints.
A decrease in the labor force and an increase in the elderly population could slow economic growth.
The widening gap between labor productivity and compensation is not unique to the current recovery.
Counties with severe declines in housing net worth during the 2007-09 recession experienced larger declines in employment.
Labor costs after 2009 grew more slowly than labor costs after 2001.
TBTF status leads to a wealth transfer from new buyers to existing holders of the debt.
Recent policies in China could change the structure of capital flows from China to the United States.
Individuals younger than 46 deleveraged the most after the financial crisis of 2008.
Deficits are expected to persist, debt is projected to grow.
China’s very substantial foreign exchange reserves have declined precipitously and the Chinese policy corrections may impact the U.S. economy.
Gas prices in St. Louis can jump 10 percent overnight.
Financial crises affect high-income earners disproportionately because of their exposure to riskier assets.
The PMI seems to be a good, although not perfect, indicator of a country’s current economic condition.
Based largely on predicted trends for labor force participation, GDP is projected to grow at an average annual rate of 2.2 percent over the next decade.
Death rates declined in the 20th century for most countries—but not Russia.
Rapid declines in house prices, negative home equity, and the number of households in default all contributed to the dramatic increase in mortgage defaults during the Great Recession.
Tightening of lending standards can account for part of the negative loan growth during the 2007-09 recession.