Links for 2011-06-29
Some quick links to recent analyses of health care costs, oil price shocks, and forecasting commodity prices.
Health care costs.
David Cutler and Dan Ly break down the causes of higher medical costs in the United States.
Jonathan Gruber tries to evaluate the impacts of the Patient Protection and Affordable Care Act.
Oil price shocks.
A summary of my research on oil price shocks appears in the latest NBER Reporter (begins on page 10 of the linked pdf).
I also participated in a roundtable discussion last week on causes and macroeconomic effects of high gas prices hosted by focus.com (click on arrow to hear podcast).
Forecasting commodity prices. To Menzie's discussion of recent research let me add:
Forecasting the Price of Oil by Ron Alquist, Lutz Kilian and Robert Vigfusson
Real-Time Forecasts of the Real Price of Oil by Christiane Baumeister and Lutz Kilian
Investor Flows and the 2008 Boom/Bust in Oil Prices by Ken Singleton
Craig Pirrong comments on the Singleton paper