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Daniel Hall3 Central Banks Are Wrong about Rate Cuts
Daniel Lacalle4 IMF Chief Urges Caution: Central Banks Should Resist Early Rate Cuts Amid Inflation Concerns
Anas Bouargane5 Millions to Benefit From UK's New Flexible Working Bill
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More in Global Economy
Excavating Layers of the Tax Cuts and Jobs Act of 2017
"The 2017 Tax Act, sometimes called the Tax Cuts & Jobs Act, has been heralded by some as historic reform and by others as Armageddon. This Collection analyzes the Act, exploring the process by which it was passed, the values that undergird its policies, and how specific provisions will affect the structure of the U.S. and global economy moving forward." Thus begins a five-paper "Forum: Reflections on the 2017 Tax Act" from the Yale Law Journal (dated October 25, 2018).
- 5
Unauthorized Immigrants to US Continues to Decline
The total number of unauthorized immigrants in the US climbed very rapidly in the 1990s and early 2000, but peaked around 2007, and has declined since then. Jeffrey S. Passel and D’Vera Cohn report details in "U.S. Unauthorized Immigrant Total Dips to Lowest Level in a Decade," just published by the Pew Research Center (November 28, 2018).
- 6
The Downfall of US Mobility
Americans are moving less, although the reasons aren't clear. The US Census Bureau has just released an updated set of tables and graphs showing the trend.
- 5
Some Alternative Baskets of Goods for Measuring Inflation
When explaining or teaching about measures of inflation, a usual starting point is to talk about a "basket" of goods -- for example, a combination of goods that reasonably represents a typical pattern of consumption for urban households underlies the Consumer Price Index. Basic measures of inflation look at what it would cost to purchase this same basket of goods at two points in time.
- 6
Gender Wage Gaps Around the World
On average, women around the world are paid 15.6% per hour less than men. The Global Wage Report 2018-2019, just published by the International Labour Organization, devotes two main chapters to the theme "What lies behind gender pay gaps." The general tone of the report sounds like this (citations omitted for readability):
- 6
Online Dating and Interracial Marriage
Online dating has already altered romance, and it may be on its way to altering society more broadly by changing the way that people from different groups make connections. Josué Ortega and Philipp Hergovich provide some evidence and analysis in "The Strength of Absent Ties: Social Integration via Online Dating". Here's some striking evidence that they cite from another paper on the rise of online romance, which explains why interracial match are trending.
- 7
Teacher Absenteeism in the U.S.
It is of course arbitrary to draw a line about what level of absence of a K-12 teacher should be considered "chronic," but a common line seems to be more than 10 absences per year. The data on teacher absence is collected nationally by the federal Office of Civil Rights. The most recent data is for the 2013-14 school year, and it's now being used by various researchers. Here's one bottom line from David Griffith in "Teacher Absenteeism in Charter and Traditional Public Schools (Thomas B. Fordham Institute, September 2017).
- 5
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