Happy birthday, Walter Heller!

Today is Walter W. Heller's birthday. For those of us of a certain age, he was Mr. Economics in Minnesota.  My 2012 column contains some reminiscences and a first crack at thinking about his place in macroeconomics more generally.  I'm very happy that James Hillyer, a Ph.D student at Institute of the Americas, University College London, is delving deeply into Heller's career for his doctoral … [Read more...]

What’s up for Minnesota’s economy?

The Center of the American Experiment published a report last week, "“Minnesota’s Economy: Mediocre Performance Threatens the State’s Future.” I wrote a critique, "That Center of the American Experiment report on the Minnesota economy? It’s politics, not economics."  Read the report, read my piece, and make up your own mind. Here are a couple of critiques I've responded to via email, in case … [Read more...]

Keeping up with the world economy: the IMF’s Article IV reports

The International Monetary Fund (IMF) provides some of the best economic analysis around. For example, twice per year they publish their World Economic Outlook along with a database chock full of good stuff. The media often focus on the report's forecasts of economic growth and the like, but I find it to be a great first draft of recent economic history: what happened, where did it happen, why did … [Read more...]