Menzie Chinn

So Why Does It Feel Like a Recession?

On a technical point, I suggest Gabe Borenstein check the econometric literature regarding the existence of a J-curve for the US. I think you will find the empirical evidence is surprisingly weak. In addition, you mis-quote my analysis -- I did not say that exchange rates have no affect on imports; merely that the elasticity is smaller than the corresponding one for exports.

What Do Alternate Measures Say About Consumer Inflation, and Why?

Dr. Waterbury:
Thank you for your thoughtful comments. I discussed these issues in these posts on Econbrowser:
www.econbrowser.com/ar...

www.econbrowser.com/ar...

Will Drilling Offshore Affect World Oil Prices?

<P><B>Bria... Pursley:</b> Suggest you consult a dictionary. In American standard usage, "affect" is the correct (transitive) verb, while "effect" is typically a noun.</P>

Housing Bailout: Crony Capitalism Comes to America?

In the interest of full information, the post is by <b>Menzie Chinn</b>, not James Hamilton. Chinn is solely responsible for the content of that post.