Economic indicators can’t capture Hurricane Harvey damage

CORNELL UNIVERSITY MEDIA RELATIONS OFFICE Aug. 28, 2017   Economic indicators can’t capture Hurricane Harvey damage Cornell University economist Steven C. Kyle, an expert in macroeconomics and government policy, says economic indicators are ill-equipped to calculate the economic damage caused by natural disasters such as Hurricane Harvey – which is expected to drift back into […]

Don’t get your hopes up on GDP growth in third quarter

Cornell University economist Steven C. Kyle, is an expert in macroeconomics and government policy, he says forecasts that predict 2.5 percent GDP growth for the third quarter are overestimating the strength of the U.S. economy. Kyle will be available to comment on the U.S. Commerce Department’s Bureau of Economic Analysis preliminary estimation of the country’s […]

New GDP number in China, same old concerns about accuracy

Jeremy Wallace, associate professor of government and faculty member of Cornell University’s China and Asia Pacific Studies Program, says China’s recent GDP figure casts doubts on the accuracy of the country’s statistics. Wallace’s current book project, Seeking Truth and Hiding Facts: Information, Ideology, and Authoritarian Rule in China, looks at the use, accuracy, and political significance of […]