Stability in economics. Shame about the politics

| Apr 2, 2019 at 12:00 AM

* Economic data has become less reliable over time. Structural change is not easily captured in economic data, and normal people do not complete surveys any more. This means it is helpful to pay as much (perhaps more) attention to data revisions as to the initial estimates. There were some big positive revisions to US […]

Stability in economics. Shame about the politics

| Apr 2, 2019 at 12:00 AM

* Economic data has become less reliable over time. Structural change is not easily captured in economic data, and normal people do not complete surveys any more. This means it is helpful to pay as much (perhaps more) attention to data revisions as to the initial estimates. There were some big positive revisions to US […]