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A Look at Income Inequality, Hour by Hour

By now, anyone following the debate over income inequality in the U.S. has likely seen the rise of income inequality charted over the years or over decades. But how about income inequality hour by hour?

Source: http://blogs.wsj.com/economics/2014/08/27/a-look-at-income-inequality-hour-by-hour/?mod=WSJBlog

Peter Diamond Thinks the Beveridge Curve Might Not Tell Us Much of Anything

One of the most popular and unusual charts in labor market economics is the Beveridge Curve,  which tracks the relationship between job openings and the unemployment rate. The curve shows that, in general, as the unemployment rate rises the number of job openings falls, and vice versa.

Source: http://blogs.wsj.com/economics/2014/08/26/peter-diamond-thinks-the-beveridge-curve-might-not-tell-us-much-of-anything/?mod=WSJBlog

Odds and Ends as Jackson Hole Notebook Closes

The Federal Reserve’s annual Jackson Hole economics symposium, sponsored by the Kansas City Fed, is in the record books. Fed Chairwoman Janet Yellen and European Central Bank President Mario Draghi captured the headlines. But lots happened outside of their prepared texts. Here’s a rundown of odds and ends we picked up but which got buried in stories or left out altogether.
1. Added to Yellen’s dashboard:

Source: http://blogs.wsj.com/economics/2014/08/25/odds-and-ends-as-jackson-hole-notebook-closes/?mod=WSJBlog

ECB Economists Find Benefits in ‘Fiscal Devaluation’

One of the thorniest issues facing the euro zone is how members of the 18-country currency bloc can improve competitiveness and exports without having a national currency that can be devalued.
In a paper published by the European Central Bank, a trio of economists have come up with a way: “fiscal devaluation.”

Source: http://blogs.wsj.com/economics/2014/08/22/ecb-economists-find-benefits-in-fiscal-devaluation/?mod=WSJBlog

Jackson Hole Study Authors See Lost Job Market Dynamism

U.S. policy makers have long prided themselves on the dynamism of U.S. labor markets, which, unlike Europe’s, allow workers and businesses to adapt quickly as the economy evolves. A study to be presented Friday at the Kansas City Fed’s conference here in Jackson Hole, Wyo., raises questions about whether U.S. labor markets are actually all that dynamic.

Source: http://blogs.wsj.com/economics/2014/08/22/jackson-hole-study-authors-see-lost-job-market-dynamism/?mod=WSJBlog

There’s Nothing ‘Natural’ About Unemployment: Fed Conference Paper

Governments and central banks can and should take an active role in promoting job creation and reducing inequality in the wake of deep downturns such as the most recent recession, argues a new paper to be presented Saturday at the Federal Reserve Bank of Kansas City’s annual Jackson Hole conference.

Source: http://blogs.wsj.com/economics/2014/08/22/theres-nothing-natural-about-unemployment-fed-conference-paper/?mod=WSJBlog

Fed Conference Paper: Concern Over Long-Term U.S. Joblessness Overdone

A new paper to be presented Saturday at the Kansas City Fed’s annual Jackson Hole conference makes a claim likely to raise eyebrows at the meeting: The problem of long-term joblessness following the recession is vastly overstated by a focus on what the authors see as the wrong sort of data.

Source: http://blogs.wsj.com/economics/2014/08/22/fed-conference-paper-concern-over-long-term-u-s-joblessness-overdone/?mod=WSJBlog

Fed’s George: Easy-Money Policies Should End Sooner Rather Than Later

One of the Federal Reserve‘s most prominent hawks said on Thursday it is time for the central bank to think seriously about raising short-term interest rates off of their current near-zero percent levels.
“My objective is not to see rates rise sharply,” Federal Reserve Bank of Kansas City President Esther George said in an interview on Fox Business Network. ”But I do think many of the policy benchmarks we look at are already signaling that we should be off of 0,” she said.

Source: http://blogs.wsj.com/economics/2014/08/21/feds-george-easy-money-policies-should-end-sooner-rather-than-later/?mod=WSJBlog
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