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If the goal of the Fed’s interest rate policy was to weaken the labor market, they seem to have gotten their wish. With luck, we will not see further deterioration, but it is difficult to try to predict the future based on this report.

Dean Baker / June 08, 2023

Article Artículo

William E. Spriggs: The Loss of a Giant

CEPR was deeply saddened to learn about the passing of Bill Spriggs on June 6. His impact on the economics profession and economic policy will continue to be felt for many years to come. Bill dedicated his life to the passionate pursuit of racial and economic justice.

Kelsey Moore / June 08, 2023

Article Artículo

Consumer Price Index

Preview: What to Look for in the May CPI

Inflation has been trending downward for the last year. If this trend continues, the Fed can declare victory and focus on the employment side of its mandate.

Dean Baker / June 08, 2023

Article Artículo

Owning Up to Mistakes and Pandemic Deaths

It would be a huge step forward for both public health and U.S. foreign policy if we could begin down the road of freely sharing health care technology rather than trying to bottle it up so that a small number of people can get very rich.

Dean Baker / June 07, 2023

report informe

COVID-19

Health and Social Programs

Healthcare

United States

Measuring Care Provision in the United States: Resources, Shortfalls, and Possible Improvements

The COVID-19 pandemic has challenged conventional thinking, dramatizing the essential contributions that “care infrastructure” can make to economic well-being.

Shawn Fremstad, Nancy Folbre and Pilar Gonalons-Pons / June 07, 2023

Article Artículo

Consumer Price Index

Economic Crisis and Recovery

Economic Growth

United States

Recreational Vehicles and Magazines: What’s Up Since the Pandemic

If people feel they are doing poorly in today’s economy, we can’t tell them they are wrong to feel the way they do. We can say that, based on the consumption data, it doesn’t look like they are doing poorly.

Dean Baker / June 06, 2023

Article Artículo

Have We Whipped Inflation Now?

Wage growth has slowed to a pace that is roughly consistent with the Fed’s inflation target.

Dean Baker / June 04, 2023

Article Artículo

Latin America and the Caribbean

UNASUR

La invitación de Lula es a subirse al tren de la UNASUR, no a detenerlo

Si Brasil hace de la Unasur una verdadera prioridad de su política exterior, tarde o temprano los países suramericanos se orientarán por retornar a la organización.

Guillaume Long / June 01, 2023

Article Artículo

Abortion

Budget

Budget and National Debt

Debt Ceiling

Government

Health and Social Programs

Poverty

Debt Ceiling Has Become a Weapon Against Democracy in the United States

The debt ceiling fight was never really about debt reduction. It’s part of a vicious cycle in which political power is abused in order to consolidate a system that is increasingly undemocratic.

Mark Weisbrot / June 01, 2023

Article Artículo

CEPR Sanctions Watch May 2023

In this edition of Sanctions Watch: Local civil society leaders call for the release of central bank assets to Afghanistan; Members of Congress urge Biden to address migration by easing sanctions on Cuba and Venezuela, and more.

Michael Galant / May 31, 2023

Article Artículo

Abortion

Debt Ceiling

Government

Health and Social Programs

SNAP

What the Fight Over Work Requirements is Really About

The Supplemental Nutrition Assistance Program (SNAP) currently provides food vouchers to about 42 million people. This critical program ensures they have enough food for themselves and their families.

Shawn Fremstad and Tori Coan / May 31, 2023

Article Artículo

Homeownership Rate for Moderate-Income Households Hits Highest Level on Record

Dean Baker / May 30, 2023

Article Artículo

COVID-19

Economic Crisis and Recovery

Federal Reserve

Jobs

Unemployment

May Jobs Preview: What to Expect in the May Jobs Report

We have seen substantial upward revisions to wage data in recent months. Average hourly earnings in February were originally reported as $33.09. After two revisions, they are now reported at $33.11. The March wage figure was originally reported at $33.18. With the April revision, it stood at $33.20.

Dean Baker / May 30, 2023

Article Artículo

Who Are Pras Michel’s “Haitian Friends”?

Last month, a jury found Prakazrel “Pras” Michel guilty for his role in a multimillion-dollar fraud and influence peddling trial. He faces up to 20 years in prison.

Jake Johnston and Widlore Mérancourt / May 26, 2023

Article Artículo

Argentina

Ecuador

Global Economy

Latin America and the Caribbean

Rafael Correa

Martín Guzmán: Interview with Former President of Ecuador, Rafael Correa

With the aim of contributing to a knowledge society for Latin America, Martín Guzmán, former Minister of Economy of Argentina, and Rafael Correa, former President of Ecuador,

May 25, 2023

Article Artículo

Argentina

Ecuador

Global Economy

Latin America and the Caribbean

Rafael Correa

Martín Guzmán: Entrevista con Ex Presidente de Ecuador, Rafael Correa

Con el objetivo de contribuir a una sociedad del conocimiento para América Latina y en el marco del think tank Suramericana Visión, Martín Guzmán y Rafael Correa, ex presidente de Ecuador

May 24, 2023

Article Artículo

Sanctions

The Human Consequences of Economic Sanctions: Event Summary

On May 19, 2023, the Center for Economic and Policy Research (CEPR) brought together leading experts in the study of economic sanctions to help to answer a critical, but often-ignored, question: What are the human consequences of US economic sanctions?

Francisco R. Rodríguez and Mark Weisbrot / May 23, 2023

Article Artículo

We Can Do Better with a Thousand Years: Review of Power and Progress, by Daron Acemoglu and Simon Johnson

Dean Baker / May 23, 2023

Article Artículo

United States

Wall Street

Should Jamie Dimon Get a Government Salary?

While government tax and transfer policy to reduce inequality is desirable, it is best not to structure the market to create so much inequality in the first place.

Dean Baker / May 22, 2023

Article Artículo

Quick Note on the Debt Burden and the Burden of Patent and Copyright Monopolies

Dean Baker / May 21, 2023

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