The Wisdom of Referees
Greg Mankiw's Blog
by Greg Mankiw
23h ago
 From the New York Times: One peer reviewer suggested that Darwin drop all the evolution stuff and expand the chapter on raising pigeons. (“Everybody is interested in pigeons,” the reviewer explained.)  ..read more
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Six Beliefs I Have About Inflation
Greg Mankiw's Blog
by Greg Mankiw
6d ago
I was recently a panelist at an NBER conference, organized by Larry Ball and Yuriy Gorodnichenko, on inflation. You can read my remarks here ..read more
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Why do people feel bad about the economy?
Greg Mankiw's Blog
by Greg Mankiw
2w ago
A question that many pundits have been asking is: Why does the general public seem to feel bad about the current economy, when many traditional indictors suggest it is doing okay? Here is a hypothesis: People are comparing things to 2021, the first year of the Biden administration, when things looked much better for them. Consider real disposable income per capita. In the latest reading, for May 2024, it was $50,491. For the year 2021, the figure was $51,567. That is, average income is down about 2 percent over this period. By contrast, average income grew by more than 3 percent per year from ..read more
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Ghostlight
Greg Mankiw's Blog
by Greg Mankiw
3w ago
I just saw a great movie at the Nantucket Film Festival called Ghostlight. It is now opening at theaters nationwide. Strongly recommended. For more information, click here ..read more
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Macro 12e
Greg Mankiw's Blog
by Greg Mankiw
1M ago
 The 12th edition of my intermediate macroeconomics textbook is now available. For more information, click here ..read more
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Happy 40th Anniversary, to the love of my life
Greg Mankiw's Blog
by Greg Mankiw
1M ago
  ..read more
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Biden takes a wrong step
Greg Mankiw's Blog
by Greg Mankiw
3M ago
I was sorry to see President Biden threaten steel tariffs on antidumping grounds. For my views on this topic, see this old piece I wrote with Phill Swagel, who is now CBO director ..read more
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A Romantic Comedy for the Pigou Club
Greg Mankiw's Blog
by Greg Mankiw
3M ago
My friend Yoram Bauman, the stand-up economist (who I first met because of his parody of my ten principles), says he’s working on a play... and that it’s a romantic comedy about carbon tax ballot measures! Details on his Kickstarterpage and his blog ..read more
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Summer Camp for Economic Theorists and Computer Scientists
Greg Mankiw's Blog
by Greg Mankiw
3M ago
 Run by my colleague Eric Maskin ..read more
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Memo to Fed: Stop the News Conferences
Greg Mankiw's Blog
by Greg Mankiw
5M ago
In watching part of Jay Powell's news conference yesterday, I realized that what he is doing to just the opposite of good economics communication. When I write an article, give a lecture, or draft a textbook chapter, my goal is to convey maximum information in the fewest words possible. But when the Fed chair answers reporters' questions, he seems to be conveying the least possible information in the most words possible.  Every answer the Fed chair gives is, more or less, a new paraphrasing of what the FOMC has said in their statement and the chair has said many times before.  From t ..read more
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