Timothy Taylor Blog | Talkmarkets | Page 1
Managing Editor of the Journal of Economic Perspectives

I am the managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota, which can be read for free on-line courtesy of the American Economic Association. I am the author of two books: "The Instant Economist: Everything You Need to Know ... more

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Why Has China's Trade Surplus (Just About) Gone Away?
China's trade surpluses exploded in size after 2001, when China joined the World Trade Organization and its exports soared.
Is Trade Still A Viable Path To Development? World Development Report 2020
Many of the world's development success stories in recent decades followed a broadly similar pattern.
Some Economics Of The Clean Water Act
The benefit-cost ratios for cleaning up water, especially surface water, don't look as good as the ratios for cleaning up air pollution.
US Dependence On Imported Minerals
US firms are importing minerals from countries with substantially lower environmental standards than the United States.
The Rise Of Global Trade In Services
High-income countries around the world already have most of their GDP in the form of services.
Some Income Tax Data On The Top Incomes
How much income do US taxpayers have at the very top? How much do they pay in taxes?
The Jobs Problem In India
The Indian economy is riding the wave of a youth bulge, with two-thirds of the country’s population below age thirty-five.
The Dispersion Of High- And Low-Productivity Firms Within An Industry
If you think about an economy as fairly stable and static, you would expect that any two companies within an industry would be fairly close in terms of productivity.
Wage Trends: Tell Me How You Want To Measure, And I'll Give You An Answer
The experiences of men and women in the labor market have been quite different in recent decades.
A Road Stop On The Development Journey
Economic development is a journey that has no final destination, at least not this side of utopia. But it can still be useful to take a road stop along the journey, see where we've been, and contemplate what comes next.
Is The US Economy Having An Engels' Pause?
Technological growth first led to a period where wages did not keep up with economic growth, and then to a period where wages rose faster than economic growth.
Latin America: Missing Firms, Slow Growth, And Inequality
The economies of Latin America have gone through a series of different periods in the half-century or so.
China And India Build Internal Supply Chains
One of the key questions in the escalating US trade disputes with China and other countries is how much the economy of other countries depends on trade.
US Multinationals Bring Foreign Earnings Back Home
The Tax Cuts and Jobs Act largely eliminated taxes on US multinational corporations when they bring back profits earned abroad. As a result, there has been a dramatic rise in the dividends that U.S. parent companies received.
Nonrenewable Resources: The Pattern Of Higher Extraction, Falling Prices
Output of nonrenewable resources has risen substantially over the long-run, but prices have fallen.
What The IMF Thinks About China's Exchange Rate And Trade Balance
US Treasury Secretary Steven Mnuchin announced that China was officially a currency manipulator. I was not convinced. But what's interesting here is not what I think, or even what Mnuchin thinks, but what the IMF thinks.
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