EconTech

I got some complaints (why do people email, isn’t it easier to comment?) that my algebra leaved something to be desired in my previous post on this. I thought the details were rather obvious, and I left H and L as being the real expenditure for a single unit of a high and low quality [...]

Trade and inequality, revisited — Rooftops edition

Another way of investigating the relationship between inequality and trade with poor countries implies that China may actually help the poor, suggests new work from University of Chicago economists Christian Broda and John Romalis.
Instead of focusing purely on what’s produced outside of the country, Broda and Romalis turn their [...]

Inflation is an interesting subject. The introduction to it is of the ‘pure’ kind which is very easy to deal with conceptually. The reality is much more difficult. The Chicago Fed has constructed a data set to disaggregate inflationary measures into various socioeconomic groups. Still, issues like volatile energy prices, divergent housing prices across regions, [...]