1. Farmer’s Folly: Bringing the Nikkei Godzilla to America
(Matching tags: economy, recession, unemployment, employment, consumption, stock market crash, asset prices, S&P 500, investment)

... that the wealth effect will stimulate consumption and investment and lower unemployment. But does the S&P 500 drive unemployment?  And how much of an intervention would have been required to ...

2. The Poverty Rate is Higher than the Federal Government Says It Is
(Matching tags: poverty, inequality, income, consumption)

... fashion—using the same measure used in most other wealthy Western nations—it is higher than the official measure suggests.  Finally, Meyer-Sullivan think that poverty should be measured using consumption ...