Everybody’s waiting to see if the Federal Open Market Committee decides to cut interest rates on Tuesday. But as the chart below shows, the Federal funds rate has already more or less cut itself: I’m not entirely sure what the significance of this is. I imagine it’s a function of the guys at the open [...]
Greg Mankiw links to this paper (warning: pdf) by Washington University economics grad student Charles Courtemanche (he says on his Website that he’s on the job market), who contends: that an additional $1 in real gasoline prices would reduce obesity in the U.S. by 15% after five years, and that 13% of the rise in [...]
