Justin Wolfers
另類經濟風險指標看Brexit
宏觀經濟學者Justin Wolfers在最新一期NYT專欄章中，介紹了一個另類經濟風險指標 — Economic Policy Uncertainty Index。這個指數量度在美國報章上有關經濟字眼（如”economic”、”Economy”）， 有關不確定性的字眼（”Uncertainty”、”Uncertain”等）及與政策有關的字詞（如”Federal Reserve”、”Congress”、”Deficit”等）在報道中出現的比例。 從下圖可見，這指數在Brexit後顯著急升，而按研發這指數的三名學者Scott Baker、Nick Bloom及Steven Davis指出，這指數急升後通常會出現投資減少、經濟及就業向下的情況。 An Index of Uncertainty Surges After ‘Brexit’ Via Econ記者
Justin Wolfers：美國的就業報告其實不是這麼差
上週五經濟學者Justin Wolfers為NYT撰寫，即時評論美國五月就業報告的文章。 The Jobs Report Is Not Quite as Terrible as It Looks Economic Trends Well, that stunk. The latest employment report – typically the most timely and accurate measure of the state of the business cycle – suggests that the economy is slowing. Employers added only 38,000 jobs in May, and revisions suggest that … Read more Justin Wolfers：美國的就業報告其實不是這麼差