How bad is a -4.8% GDP growth rate?
The US Bureau of Commerce released its GDP figures yesterday. The economy contracted by 4.8% seasonally adjusted, annualized rate. This...
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Nicholas Woolley
Economist
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- Apr 24, 2020
- 7 min
Democracy and data following Covid-19
The quick spread of Covid-19 and subsequent confinement regulations have meant that economic activity has shifted at historically quick...
- Apr 3, 2020
- 6 min
Two scenarios for the post-coronavirus economy
My last post was a bit long and technical, so I will condense the information by describing two scenarios which I believe to be the...
- Apr 1, 2020
- 12 min
How exactly could a recession unfold?
Moving forward—propagation mechanisms: I recently posted on the current economic impact of the coronavirus, arguing that it was still too...
- Mar 27, 2020
- 2 min
No, unemployment didn't go up by 3.3 million last week
Yesterday, the Department of Labor released their weekly unemployment claims figures. This is the number of people filing for...
- Mar 24, 2020
- 3 min
Taking stock of the current economic situation
We are still in the relatively early stages of the COVID-19 outbreak in the United States and Europe. From an economic standpoint, the...
- Mar 19, 2020
- 5 min
Dr. Toiletpaper (or how I learned to love inflation)
The current supply shortage of toilet paper, hand sanitizer, and select grocery items is analogous to a bank run, or a liquidity crisis,...
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