Consider this international trade conundrum: Say that a US-based multinational provides technology and managerial know-how to a firm in Europe. The firm uses these inputs to produce goods, which are then exported back to the US economy. As a result, the European economy has a trade surplus in goods vis-a-vis the US economy. However, a

Conversable Economist

27.06.2025

Interview with Austan Goolsbee: Being at the Fed, House Prices, AI, and More - Conversable Economist

Tyler Cowen serves as interlocutor in "Austan Goolsbee on Central Banking as a Data Dog: The data-driven Fed President on why human judgment still matters in monetary policy" ("Conversations with Tyler," June 25, 2025, video, audio, and transcript). As Cowen notes, Goolsbee "had a long-standing teaching post at the University of Chicago, served in the Obama administration,

Conversable Economist

01.07.2025

A Case for Reading Dead Economists - Conversable Economist

Is it professionally worthwhile--not just as a form of light intellectual entertainment--for a modern economist to read articles and books written long ago? Do old article contain within them the possibility of live insights for modern economists? Matthew McCaffrey, Joseph T. Salerno, and Carmen-Elena Dorobat make the case for an affirmative answer in "The History

Conversable Economist

02.07.2025

US Health Care Expenditures: An Ominous Trend Returns? - Conversable Economist

In the 2010s, it appeared that US health care expenditures as a share of GDP had peaked. But there group at the Centers for Medicare and Medicaid Services that continually carries out and updates these estimates and forecasts. Their most recent projections suggest that US health spending is about to start rising again as a

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The US Trade Balance With the EU: The Role of US Multinationals - Conversable Economist

Interview with Austan Goolsbee: Being at the Fed, House Prices, AI, and More - Conversable Economist

A Case for Reading Dead Economists - Conversable Economist

US Health Care Expenditures: An Ominous Trend Returns? - Conversable Economist

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