Casey B. Mulligan
Casey B. Mulligan's Latest Articles | 56
What Does It Cost to Buy a Recession?
By Oct 2009, U.S. labor usage was more than 10 percent below trend. Even if it returned to trend by the end of 2010, that would put labor usage about 20 year x percentage... Read »
PPI For Housing Construction
The housing PPI looks pretty flat over the last six months. That is one indicator that housing prices will be flat, which means that mortgages will not be going... Read »
What Happens Next?
I’m not sure. My version of the real business cycle model (some of my academic papers on it are here and here, and I began applying it to this recession about... Read »
Is “Fresh Water Macro” Off Track?
Should macroeconomists begin again, particularly those at Chicago, Minnesota, Rochester and other freshwater schools? These days, commentators tell us that we should... Read »
Where’s the Spending Disaster? Or the Consumption Disaster?
Lehman failed in September 2008, and that started the panic that got the world’s attention. So a year later, in September 2009, after living through a year... Read »
Residential and NonResidential Construction Through September
Residential construction spending was higher in September than in August, which was itself higher than in July, which was itself higher than in June. Interestingly,... Read »
Why Did Chicago Hike It’s Sales Tax?
The Chicago Tribune has widely publicized the fact, as of 2008, Chicago had the highest sales tax in the country (10.25%, with Memphis, TN in second place with 9.25%),... Read »
The Panic of ’08: Recession Cause or Effect?
The financial panics of last September and October will always be part of the story of this recession, just as bank failures are always part of the Great Depression... Read »
Military Recruiting Success: What Does it Say About National Employment?
The military has enjoyed recruiting success lately, despite the rather vivid risks associated with “travel” to Afghanistan and Iraq. I see several interpretations... Read »
Construction Spending Rises; Delong Sets the Table for Multiplier Measurement
Here’s an update to a chart I have shown regularly. Housing PRICES showed a bottom a while ago. Due to crowding out from the fiscal stimulus, it was expected... Read »







