Macroeconomic Measurement

The Red and Blue States That Select the Same Halloween Candy

Because the people in red and blue states prefer the same Halloween candy, we have one holiday that unites us.

Seeing the Pandemic Economy From the Bottom Up

Looking closely at the pandemic economy, we see distressed small businesses and their neighborhoods that could resemble Times Square.

How to Judge the Pandemic’s Economic Outlook

When we try to figure out the pandemic’s economic outlook, we can ask economists which metrics they would select.

When the Good Life Is About More Than Happiness

Although psychologists have expanded the definition of the good life, still, the same economic policies relate to sustaining it.

Comparing Covid-19 to Past Costly Disasters

Looking at the economic impact of past costly disasters can help us develop policies that target where and how Covid-19 will affect us.

The One Letter That Shows the Shape of the Economic Recovery

When we use the alphabet to describe an economy recovery from the coronavirus, rather than an “L” or a “V,” some economists now suggest a “K.”

What Can We Learn From a Big Mac?

About much more than just a burger, the Big Mac Index can help us compare purchasing power and the GDP in different countries.

What the CPI Is Hiding

A Consumer Price Index (CPI) that went up by just .6 percent during the past year hides a much larger increase in some grocery prices.

How Covid-19 Affects the Cost of Living

Because a Covid-19 basket of goods and services has a different inflation rate from the CPI basket, the cost of living might not be what we think it is.