Economics in the News

Videos
Joseph Stiglitz, Problems with GDP as an Economic Barometer.

On the importance of demographics in economics:
Chapter 1: Esther Duflo, The Medium Run Effects of Educational Expansion: Evidence from a Large School Construction Program in Indonesias
It is instructive to read the abstract: 61,000 schools were built in less than two years in Indonesia.

Past articles by Bruce Little (a business columnist for the Globe and Mail):
Chapter 3: labour market data construction
Chapter 3: disconnect b/w labour market data sources
This gives you an idea of how economists use real-time data to inform their forecasts, and some inherent problems in the process.

From The Economist Magazine :
Chapter 5: Global economic imbalances: When a flow becomes a flood
Chapter 6: The growth of growth theory
Chapter 10: The Big Mac Index
Chapter 10: Currency Controls in Thailand

From The New Yorker :
Chapter 6: An article on Baumol's Cost Disease

Recent (and not so recent) articles by Paul Krugman (Nobel Laureate 2008):
Chapter 1: A feature article on the great ideological divide in macroeconomics. Chicago-BSB economist John Cochrane's rebuttal to Krugman's piece. (UNC-Chapel Hill economist Karl Smith also provides his cool-headed appreciation of the debate on the same blog.)
Chapter 8: An article on the Hangover theory (Austrian school)
Chapter 9: Baby-sitting the Economy

Speeches by the Fed Chairman Ben Bernanke (co-author of our textbook):
Chapter 7: A historical perspective on the use of monetary aggregates and monetary policy at the Federal Reserve.
Chapter 9: The impact of Oil Prices and the U.S. Economy.
He discusses, in some detail, demand and supply factors in both the short and long run for the oil market. Note how firm's and consumer's expectations about this shock are important for the economy and the response of monetary policy (i.e. Are increases expected to be temporary or permanent?).

Past articles from the Fed:
Chapter 5: An alternative perspective on the US trade deficits.
Chapter 13: The risk of deflation and the Phillips Curve