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Senator Patty Murray has released a Democratic proposal to increase our capacity to test for the coronavirus.  The report quite rightly emphasizes that expanded testing is critical for containing the epidemic and re-opening the economy.  It criticizes the Trump administration for it’s failure to recognize the need for extensive testing: Democrats demand a clear, detailed plan to rapidly scale and optimize COVID-19 testing in the United  States. This plan...

Unlocking Australia: What can benefit-cost analysis tell us? Now in The Conversation. Earlier version published here. Share this:Like this:Like Loading...

After the Pandemic: a Zoom seminar presentation to UQ students and alumni Share this:Like this:Like Loading...

Unemployment has shot up in many countries especially including the USA. Is it time for aggregate demand stimulus ? One interesting thing (noted by Krugman in his newsletter which should still be a blog) is that Keynesians (including Krugman) are not treating everything as a nail, because all they have is a hammer. He (and others) haven’t just reflexively said stimulate until the unemployment rate is normal. This might be a bit of boasting about not...

from David Ruccio We can’t stay this way forever—with physical distancing (now that all 50 states have finally issued some kind of Stay at Home order), schools closed (and operating with a semblance of education through online teaching), businesses shuttered (even while the stock market soars). The question that seems to be on everyone’s lips is, when are things going to go back to normal? But who wants to return to normalcy? The novel coronavirus pandemic has revealed, if nothing else,...

In the last two weeks of March and the first week of April, 2020 16.5 million new claims for unemployment were filed in the U.S. After the novel coronavirus is successfully contained some but not all of those jobs will return. The post-pandemic economy will not be the same as the economy before and to assume a return to business-as-usual economic growth would be folly. There will need to be immediate share-the-work policies along with basic income...

from Lars Syll A low-powered study is only going to be able to see a pretty big effect. But sometimes you know that the effect, if it exists, is small. In other words, a study that accurately measures the effect … is likely to be rejected as statistically insignificant, while any result that passes the p < .05 test is either a false positive or a true positive that massively overstates the … effect. … A conventional boundary, obeyed long enough, can be easily mistaken for an actual...

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My first video presentation on the pandemic. Economic impacts of COVID-19 Episode 1: the impact of physical distancing on jobs and the economy https://vimeo.com/407449146 Share this:Like this:Like Loading...