Steven Hamilton, Discover and Read the Best of Twitter Threads by @SHamiltonian

Steven Hamilton

SHamiltonian

I have a piece out in the @smh and @theage on JobKeeper given reports the government may wind it up early. It’s not clear it’s feasible or advisable to unscramble

Government debt is issued at a fixed, not floating, interest rate. The government can lock in every dollar of stimulus today at an interest rate of 1.49% for the next

There continues to be confusion about the unemployment rate. To my mind, the only number that matters is the unemployment rate when the economy is open again and/or the virus

There's a lot of confusion around about how to interpret unemployment numbers right now. Measures of unemployment combine two unobservable parts: an unavoidable part due to lock-downs and necessary social

The Parliament today passed the JobKeeper program, a $1,500 per-worker subsidy with a $1,500 wage floor for firms experiencing at least a 30% revenue decline. Some (e.g., @RabeeTourky and @PitchfordRohan)

Everyone needs to take a deep breath. When you forcibly shut down the US economy, millions of people are going to go on unemployment insurance. Almost all of these people