- December 24, 2025
Good news from the GDP report
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 4.3% annual rate in the third quarter. That is
Rent Control Creates Ghost Apartments
Adam Lehodey writing at City Journal: In New York City, making a profit on real estate has become increasingly difficult. Rent-stabilization laws built on the
Greg Mankiw’s Blog: Principles of Economics, 11e
About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use this blog to
AI is everywhere but in the productivity statistics…
These people are saying it is there too. Though I am not quite sure what they (or anyone, for that matter) mean by AI: First,
Thursday assorted links
1. Wage effects of El Salvadoran gangs. 2. Did industrial policy drive East Asian growth? 3. U.S. mass killings drop to a twenty-year low. 4.
Sunday assorted links
1. The fight over Romansh (New Yorker). 2. How well can LLMs grade? 3. Kelsey Piper responds on Mississippi. She is probably correct. 4. Future
Welcome to the Crazy CAFE
To let Americans buy smaller cars, Trump had to weaken fuel-efficiency standards. Does that sound crazy? Small cars, of course, have much higher fuel efficiency.
Consensus vs. ARIMA(1,1,1): ADP Private Nonfarm Payroll
Bloomberg consensus is +7K for ADP release. Figure 1: ADP private nonfarm payroll employment (bold black), ARIMA(1,1,1) forecast (red), +/- 1 std
What we’re grateful for – Marginal REVOLUTION
Here is the Free Press symposium, here is my contribution: Tyler Cowen, columnist I am grateful for how many parts of the world I can
Side-Walking Problems
Local Law 11 requires owners of New York City’s 16,000-plus buildings over six stories to get a “close-up, hands-on” facade inspection every five years. Repair
