- April 25, 2025
Rising Expected Unit Cost Inflation Quantified
From Atlanta Fed: Figure 1: Business unit costs (blue), and consumer prices (tan), year-on-year expected change, %. Source: Atlanta Fed, NY Fed. Expected year-on-year changes
Why Aren’t You Calling? (Trump to Beijing)
From Bloomberg, “Trump Presses China to Make Tariff Offer to Calm Trade War”: “The ball is in China’s court. China needs to make a deal
I talk with Bianna Golodryga
Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University. I use this blog to keep in
The Decline of Manufacturing
Look at the incredible decline of manufacturing across a wide variety of industries in the figure below. Nearly 7.5 million jobs lost, just since 2011.
Manufacturing share vs. GDP
Via Basil Halperin. This is not a question of confusing causation and correlation, if anything it is the protectionists who have such an error in
Why Do Domestic Prices Rise With Tarriffs?
Many people think they understand why domestic prices rise with tariffs–domestic producers take advantage of reduced competition to jack up prices and increase their profits.
Greg Mankiw’s Blog: A Virtual Teaching Conference
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
Sell Floyd Bennett Field!
I’ve been shouting Sell! for many years. Perhaps now is the chance to do it. Here’s a recap: The Federal Government owns more than half
The Madmen and the AIs
In Collaborating with AI Agents: Field Experiments on Teamwork, Productivity, and Performance Harang Ju and Sinan Aral (both at MIT) paired humans and AIs in
