Leaders
Brad Delong, Berkeley
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Lecture Notes: Smith, Marx, Keynes: A View of the History of Economic Thought (UNFINISHED)
Well, I have wound up, by surprise, giving the last third of the lectures in Economics 105: The History of Economic Thought: Smith, Marx, Keynes. I admit I was not as averse to being imposed on by the Department as I might have been because I thought it might push me to get my head and my thoughts together. Here they are—unfinished. But I should give the students an opportunity to see how I think about these thinkers and their works:...
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Brad DeLong's Grasping Reality 2019-11-09 21:52:48
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Brad DeLong's Grasping Reality 2019-11-02 23:36:16
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Mark Knopfler: Good On You Son: For the Weekend
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Brad DeLong's Grasping Reality 2019-10-31 17:08:43
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Brad DeLong's Grasping Reality 2019-10-31 16:38:02
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Brad DeLong's Grasping Reality 2019-10-31 16:33:26
Bradley A. Hansen’s Blog
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Bankrupt in America
Bankrupt in America: A History of Debtors, Their Creditors and the Law in the Twentieth Century will be published by The University of Chicago Press in January 2020.In the meantime, here are the review quotes: Lee J. Alston, Indiana University “Bankrupt in America is a tour de force analysis of bankruptcy legislation and its impact over the twentieth century. It shows the interplay among state and federal legislation, economic conditions,...
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A Description of the Problems with Edward Baptist’s “The Half Has Never Been Told” for Non-Economists
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Economics needs better critics: Jared Bernstein edition
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Institutions, Norms, and Culture
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Blog Post From Nebraska
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“You think it’s dead but de past ain’t stopped breathin’ yet.”
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Gavin Wright on Slavery and Anglo-American Capitalism
Casey Mulligan: Supply and Demand
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“They desperately tried to prevent the truth…”
"They desperately tried to prevent the truth about the Famine from reaching the ears of the higher ups." Raleigh, Helen. Confucius Never Said (p. 25). Raleigh and others have described the problems in Mao's China and Stalin's USSR with communication up the political hierarchy. But of course for Americans that history is hardly relevant. In the USA, truth reaches the higher ups because we have democracy, a free press, and modern...
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Trump’s economists will be missed
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Tragic consequences of cheap “meth”: more meth consumption and more meth overdoses
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Cowen and Cochrane are confused about price controls
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Medicare for All has Been Around for Years
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Comparing Presidents Reagan and Trump: The Case of International Trade
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Some Relevant International Trade Theory
Dani Rodrik’s weblog
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Announcing the US-China Trade Policy Working Group
Concerned about where the US-China trade relationship is going, we recently formed a “US-China Trade Policy Working Group.” Yang Yao, Jeff Lehman and I are co-conveners. Other members are Meredith Crowley, Robert Howse, Jiandong Ju, Feng Lu, Justin Yifu Lin, Eric Maskin, and Rob Staiger. We released our statement today. The statement is signed by 27 additional economists and legal scholars, including Philippe Aghion, Kaushik Basu, Robert...
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Follow my commentary
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Some (very brief) words for graduates
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Economics for Inclusive Prosperity (EfIP)
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Economists’ statement in support of Atif Mian
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My preface to Santiago Levy’s Book: Under-Rewarded Efforts — The Elusive Quest for Prosperity in Mexico
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My preface to Santiago Levy’s Book: Under-Rewarded Efforts — The Elusive Quest for Prosperity in Mexico
David Flynn: Barter is Evil
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Radio discussion: Tax changes
JT informed me that we will be discussing taxes and tax changes at the federal level tomorrow. Yay! So I thought by way of a bit of backdrop we would look at just a few pieces of information. Nothing new here or deep insights or pictures, just a starting point for the discussion. Start with federal tax revenues and outlays. This is not a pretty picture. The one interesting think to point out with this graph is that you really can almost...
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ND County Clusters by Income Source
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Cluster Analysis and Hockey
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A different age group in ND
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ND Taxable Sales & Purchases, Q1 2019
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Public Banking: Bank of North Dakota Assets
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Caller observation: Minimum Wage
Econbrowser – James Hamilton
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“New Foreign Direct Investment in the United States”
Some people think that foreign direct investment into the United States has surged as confidence in the American economy has risen under Mr. Trump’s administration. The data do not support such a supposition. From BEA: It is useful to make distinctions between stocks (particularly at market value) and flows. The flow into the US has decreased relative to 2016. The stock can deviate from the cumulation of flows due to valuation changes and...
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Making America Great Again (in Indebtedness): Net International Investment Position
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Business Cycle Indicators, Mid-November
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More on What Trump Could Have Meant
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What Could Trump Have Possibly Meant?
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Neel Kashkari at Madison: “Kashkari says he takes comfort from yield curve shape”
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The Trumpian World as Natural Experiment
David Andolfatto: Macro Mania
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A conversation with Eric Tymoigne on MMT vs SMT
There are a lot of moving parts to the MMT program. I want to focus on one of these parts today: the relation between monetary and fiscal policy. One thing I find appealing about MMT scholars is their attention to monetary history and institutional details. I've learned a lot from them in this regard. But as is often the case with details, one has to worry about whether they help shed light on a specific question of interest, or whether they...
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Blanchard and Farmer on the Phillips Curve
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Does the Phillips Curve Live in Europe?
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The Phillips Curve in Recession and Recovery
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Is the U.S. budget deficit sustainable?
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Is the ZLB an economic or legal constraint?
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The Chicago Booth Survey on MMT
Worthwhile Canadian Initiative
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Boiling Frogs – Slow Recoveries are Deep Recoveries, with Flatter Phillips Curves
Andy Harless' tweet (about the US economy) got me thinking. "There’s a frog-boiling aspect to this economy. The consistent lack of *rapid* improvement throughout the recovery is enabling us to reach levels of employment that might not otherwise have been attainable." It reminds me of my old post "Short Run 'Speed Limits' on recovery". The basic idea is simple: actual inflation (relative to expected inflation) might depend...
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Rising Health Spending Is Not Just About Seniors
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Hilbert’s Hotel and the National Debt when r < g
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On not “running out of ammo”: Monetary Policy as Farmland Price Policy
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What killed real wage growth?
Tim Harford: Undercover Economist
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Cautionary Tales Ep 2 – The Rogue Dressed as a Captain
One crisp Berlin morning, in 1906, a small group of soldiers were led on an extraordinary heist by a man they believed to be a captain. So how did an ageing nobody in a fake uniform trick them into taking part in the crime of the century? Some say we humans will obey orders from anyone who dresses the part… but the real reason why we fall for tricksters time and again is far more interesting. Fraudsters and charlatans reel us in slowly by...
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Cautionary Tales Ep 1 – DANGER: Rocks Ahead!
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The weakest link theory that explains our economic woes
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Hug your enemy rather than wrestling the pig
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Cautionary Tales…
Timothy Taylor: Conversable Economist
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Is Opposition to Immigration Primarily Economic or Cultural?
It's clear that there is a considerable hostility to immigration, both in the United States and across much of Europe. Is that opposition rooted primarily in economic factors or in cultural factors? What kind of evidence could help answer the question?One approach is to look at whether anti-immigrant attitudes are more common among occupations more threatened by immigrant competition or in local areas that have received more immigrants. If...
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Can Job Training Work for Mature Adults?
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Is Trade Still a Viable Path to Development? World Development Report 2020
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Some Economics of the Clean Water Act
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The Declining Share of Veterans Among Prime-Age Men: The Centennial of Armistice Day
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US Dependence on Imported Minerals
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Minimum Wages and Overtime Rules
S. Sumner: Money Illusion
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Instrumental beliefs, prediction and reality
Note: Feel free to skim past the philosophy to the discussion of monetary policy at the end. In a recent podcast, Penn Jillette said something to the effect that people don’t believe conspiracy theories because they are true, rather because they are entertaining, like a good story or a good song. The term ‘entertaining’ has a rather frivolous connotation, so lets make the concept more general and include beliefs that add deep and profound...
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Recessions in a post-inflation world
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UK endorsements
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Asking the wrong question
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How do conservatives feel about this?
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Rate cuts increase the Fed’s “ammunition”
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The worst president ever
T. Cowen: Marginal Revolution
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Mortality sentences to ponder paging Ross Douthat too
This paper uses complete death certificate data from the Mortality Multiple Cause Files with American Community Survey data to examine age-specific mortality rates for married and non-married people from 2007 to 2017. The overall rise in White mortality is limited almost exclusively to those who are not married, for men and women… That is from Philip N. Cohen, via Arnold Kling. The post Mortality sentences to ponder paging Ross Douthat too...
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Friday assorted links
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Garett Jones on open borders
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USA fact of the day
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What should I ask Abhijit Banerjee?
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Sir Rod Stewart
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$1 billion in talent identification and support from Schmidt Futures
Simon Wren-Lewis
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Corbyn and Antisemitism
There is no doubt that the Labour party has an antisemitism problem. But the figures (see below) suggest it involves a tiny minority. Claims that the party is “riddled with antisemitism” are a deliberate lie. What makes antisemitism claims against Labour powerful is that they are associated with Jeremy Corbyn. In particular many have suggested that Corbyn himself is antisemitic. And if you present the evidence is a certain way the claim looks...
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The differences between Labour and the Conservatives on fiscal policy
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LibDem fantasies about the December election
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Tactical voting advice for December 2019
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Journalists’ own pact with the devil
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Brexit is a denial of economics as knowledge
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Is this good for Johnson, whether he wins or loses?
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Seldomly
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Effects of vertical mergers in multichannel TV markets: evidence from regional sports programming
Summary When producers of TV channels, such as Time Warner, and distributors of those channels, such as AT&T, are merged, what are the impacts on consumers, rival producers and rival distributors? Because ‘vertical integration’ of this kind can have both efficiency and anti-competitive effects, competition authorities and courts evaluating a prospective merger need to assess both the...
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When Fewer Options are Better for Consumers: The Benefits of Narrow Health Insurance Networks
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Providing low-cost labor market information to assist jobseekers
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Subsidizing health insurance for low-income adults: evidence from Massachusetts
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Understanding the Average Impact of Microcredit
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Nominal wage rigidity in village labor markets: evidence from India
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Market power and the Laffer curve
Roger Farmer’s Economic Window
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How Economics Can Help To Improve People’s Lives
Professor Roger Farmer discusses the cost to society of financial instability and how economics can help to improve people’s livesFriday 27 Sep 2019The International Journal of Economic Theory issued a Festschrift in honour of Warwick Professor Roger E.A. Farmer this year. The Festschrift reviews and pays tribute to Roger’s ideas, his career and his intellectual legacy up ...
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A Requiem for the Fiscal Theory of the Price Level
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Central Bank Equity Purchases: An Idea Whose Time has Come
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The Future of Macroeconomics
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Why the Indeterminacy Agenda Matters in the Real World
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Replacing the Phillips Curve: I showed you my macro model. Now show me your macro model.
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There are many unemployment rates for any r*
Project Syndicate
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Mind the Learning Gap
In setting global targets for closing the gender gap and achieving universal education by 2030, governments and development advocates tend to focus on the need to build more schools and increase enrollment rates for women and girls. But while these objectives cannot be ignored, Afghanistan's experience shows why they are not enough. KUALA LUMPUR – Despite frequent calls for action to provide...
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Germany Can Reduce Its External Surplus
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Abolish the Billionaires?
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Green Markets for Equitable Growth
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Can Fernández Fix Argentina?
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A Living Wage for Capitalism
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A Green Industrialization Strategy for Africa
Paul Krugman
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Trump and His Party of Pollution
Given what we’ve seen in the impeachment hearings so far, there is literally no crime, no abuse of power, that would induce Republicans to turn on President Trump. So if you’re waiting for some dramatic political turn, don’t hold your breath.On second thought, however, maybe you should hold your breath. For air quality has deteriorated significantly over the past few years — a deterioration that has already cost thousands of American lives....
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Bursting the Billionaire Bubble
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Centrists, Progressives and Europhobia
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Attack of the Wall Street Snowflakes
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Did Warren Pass the Medicare Test? I Think So
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Manufacturing Ain’t Great Again. Why?
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Debt, Doomsayers and Double Standards
Noah Smith
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Why Kevin Williamson is wrong about poverty and bad behavior
I recently wrote a post at Bloomberg Opinion arguing that "bad behavior" - drug use, violence, single parenthood, and idleness - is not the main cause of poverty in advanced nations. As evidence, I cited the country of Japan, which has extremely low rates of drug use, violence, single parenthood, and idleness, and yet which has a poverty rate almost as high as that of the U.S., and significantly higher than those of wealthy European...
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The Middle Eastern Thirty Years War?
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Examining an MMT model in detail
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Where should Americans live if they live abroad?
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Guest post: Roy Bahat on Uber, Lyft, and the future of work
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A proposal for an Alternative Green New Deal
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Book Review: The Revolt of the Public, by Martin Gurri
Offsetting Behaviour
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Confusing the Monster-Ometer with the Frog Exaggerator – again
The latest results from the NZ Health Survey are up.And so is Alcohol Healthwatch's take on those stats. They take it all as reason for tightening control on alcohol. Go and have a look at the stats for yourself. For each of a pile of indicators, MoH slices up the data by gender, by age, and by ethnicity. It then says whether the difference between the latest stat and last year's stats, or 2014/15's stats, or the 2011/12 stats for the series...
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Film subsidies are stupid, a continuing series
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Semester Abroad Sanctuary
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Campaign finance balloons
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No pressure
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Regulatory plumbing and insurance pricing
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Illicit markets and Bali Booze
Microeconomic Insights
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Effects of vertical mergers in multichannel TV markets: evidence from regional sports programming
Summary When producers of TV channels, such as Time Warner, and distributors of those channels, such as AT&T, are merged, what are the impacts on consumers, rival producers and rival distributors? Because ‘vertical integration’ of this kind can have both efficiency and anti-competitive effects, competition authorities and courts evaluating a prospective merger need to assess both the...
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When Fewer Options are Better for Consumers: The Benefits of Narrow Health Insurance Networks
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Providing low-cost labor market information to assist jobseekers
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Subsidizing health insurance for low-income adults: evidence from Massachusetts
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Understanding the Average Impact of Microcredit
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Nominal wage rigidity in village labor markets: evidence from India
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Market power and the Laffer curve
Miles Kimball
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The Federalist Papers #2A: John Jay on the Idea of America
In his fantasy alternate history of America and the origins of Mormonism, Seventh Son, Orson Scott Card attributes the idea of “America” to Ben Franklin. The idea of America was the notion that all of the 13 colonies were part of something larger. The idea of America was there in the real world as well, in 1787. In the first half of The Federalist Papers #2, John Jay called on this idea of America. The heart of John Jay’s appeal to the idea of...
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Peter Reuell on the World Music Quiz
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Greg Ransom on Justice as Taking Down Abusive Alphas
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National Well-Being Indexes and Goodhart’s Law
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Philip DiStefano Interviews John Kasich about the Current State of Politics
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Cost Benefit Analysis Applied to Neti Pot Use
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New Data Strongly Suggests White Southern Voters Left the Democratic Party Because of Their Views on Civil Rights—Ilyana Kuziemko and Ebonya Washington
Miles Corak: Economics for public policy
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Tax the rich! Tax the rich! Tax the rich? But why?
Jagmeet Singh’s promise in his election night speech that “we’re going to make sure the super wealthy start paying their fair share” was met with cheers, the decibel level rising as his fellow New Democrats chanted: “Tax the rich! Tax the rich! Tax the rich!” The leader of the New Democratic Party addresses his supporters. It is not entirely true that the federal election ignored big policy issues, but if it was issues-driven, how did a wealth...
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My Mandate Letter for the Minister of Families, Children and Social Development
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How do the party platforms address the changing nature of work, pay, and poverty?
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Intergenerational mobility between and within Canada and the United States
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The “middle class” is within easier reach for low income Canadian children, than it is for low income Americans
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If there is such a thing as the “Canadian Dream,” it would look very much like what Americans say is the “American Dream”
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Equality of opportunity is a choice
Mark Thoma
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Links (11/06/19)
How and why economics forgot Keynes’ warnings on panics - FT Alphaville In a new paper (hat-tip to the University of Washington’s Fabio Ghironi for drawing our attention to it), Nobel Prize winning economist George Akerlof does a brilliant job of explaining how and why, in the decades before the financial crash, macroeconomists failed to include any meaningful role of the financial system in their economic models. The End of Neoliberalism and...
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Links (10/31/19)
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Links – Catching Up (Part 2)
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Links – Catching Up (Part 1)
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Thread
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Links (9/25/19)
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Links (9/13/19)
Managerial Econ
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Time to Experiment with Price Transparency in Health care
For ten years, Vanderbilt students have heard about two airport gas stations who refuse to post prices. When travelers stop to fill up, they see a price on the pump that is $2/gallon higher than in the rest of Orlando. Because few travelers will risk missing a flight to shop for a better deal, there is no pressure on the stations to reduce their outrageous prices. Our students are amused by the story until they try to complete their first...
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Sapiens, a brief history of humankind (2015)
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Is this collusion?
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Does a sense of fairness make us better bargainers?
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The benefits of being WEIRD (Western, Educated, Industrialized, Rich, Democratic)
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What is the cost of marriage?
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The costs of fighting inequality
Macro and Other Market Musings
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Allan Meltzer’s Life Work
The Hoover Press and the Mercatus Center have just released a new book on Allan Meltzer's contributions to economics. The book is comprised of papers that were presented at a 2018 conference commemorating his work on the monetary transmission mechanism, the history of the Fed, and his more general work on public policy. Below is the table of contents for the book: I happen to be the editor of the book and, as seen above, have two chapters...
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New Policy Brief on NGDPLT
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The Repo Man Cometh
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Some Assorted Macro Musings
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More on the U.S. as a Banker to the World
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New Articles on NGDP Targeting
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Is the Fed’s Floor System Beginning to Fold?
John B. Taylor
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9/11/2001 and the 18 Years Since Then
Today we remember September 11, 2001 and all that has happened in the 18 years since then. I was in a hotel room in Tokyo when the first plane hit the World Trade Center, recently sworn in as Under Secretary at Treasury. We immediately cancelled our meetings and by the next morning we were on a C-17 military jet Flying Back to Treasury on 9/11. When we got back, the city was on alert. DC was a logical place for another attack, and the secret...
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Economics 1: Now More Important Than Ever
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Choice of IMF Managing Director Should Reflect 75 Years of Change
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A Beautiful Model Now Questioned
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Central Bank Independence Is Not Enough
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Africa Meeting of Econometricians: History, Revival and Ways Forward
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A Decade of July 4th Debt Explosions: Are They Getting Less Spectacular?
John Cochrane – Grumpy Economist
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Climate clarity
The carbon elephant in the room: (Data from EIA)In case "Asia and Oceania" vs. "North America" isn't clear enough: Just why have China's carbon emissions risen so much in the last decade?China has been building about one coal fired power plant a week. China uses half again more energy than the US, to produce $13.6 ...
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Economics and cognitive dissonance
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Who pays more taxes
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Bans on fracking and nuclear power
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More on low long-term interest rates
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Intellectual property and the trade deficit
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Low bond yields
Leisure of the Theory Class
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The game theory of the electoral threshold
The game theory of the electoral threshold April 7, 2019 in Uncategorized Israel is holding an election Tuesday. It’s a multi-party system in Israel, based on proportional representation, and the main battle is between two blocs of parties. We call them the left-wing bloc and the right-wing bloc, and civics textbooks will tell you that this division is about policy: the Arab-Israeli conflict, economics and the role of religion. But...
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Institute for Wow
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New Linear Algebra Division
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A New Business Idea
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Arms and Projects
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Weber’s proof of Gittins Index Theorem
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Samuelson on Linear Programming
Jeffrey Frankel’s Blog
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Weaponization of the Dollar May Backfire Yet
TweetOctober 26, 2019 — This is a good time to gauge the rankings of the dollar and its rivals as major international currencies. The Bank for International Settlements came out in September with its triennial survey of turnover in the world’s foreign exchange markets. The IMF’s statistics on central bank holdings of foreign exchange reserves have gotten much more reliable lately, because China has joined in on reporting its holdings to the...
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Jeffrey Frankel's Blog 1970-01-01 00:00:00
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It’s Finally Time for German Fiscal Stimulus
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Median income flattens
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RMB reaches 7.0; US names China a manipulator
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Parallel to US-China trade war, Japan & Korea fall out
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Trump escalates China trade war
Global Economic Intersection
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The Road To Default
Posted on 17 November 2019 by John Mauldin, Thoughts from the Frontline Nothing is forever, not even debt. Every borrower eventually either repays what they owe, or defaults. Lenders may or may not have remedies. But one way or another, the debt goes away.Please share this article - Go to very top of page, right hand side, for social media buttons.One of Western civilization’s largest problems is we’ve convinced ourselves debt can be...
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Largest Decline In Consumer Comfort Index Since 2008
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Is Peer Review Forcing Academics To Become Prostitutes?
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Major League Baseball Finances: What The Numbers Tell Us
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Restoring The Korean Economic Miracle
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Slowing But Not Stopping Yet
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The CAPM And The Non-Ergodic Axiom
FT Alphaville
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Thought for the weekend
© Getty Images/iStockphoto Alphaville gets subtweeted: Likely to beat the market: And if you can’t see the screenshots, a taster: Holy gender balance Batman: Thought for the weekend Thought for the weekend Thought for the weekend Thought for the weekend Thoughts for the weekend Thoughts for the weekend Thought for the weekend Thoughts for the weekend ...
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Shut down the internet, student housing edition
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Spotted in NYC: a very bad Twitter ad
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The private education risk premium
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Tesla/ Germany: ’glorious success’ or Schnapsidee?
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JP Morgan goes bear hunting
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Further reading
Economonitor
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The US-China Trade War Is Accelerating China’s Rebalancing
The leap to the top of the technology ladder is what seems to be required long before China's expected time The Trump government has been imposing restrictions on access to technologies by Chinese telecommunications firms. Why and what are the consequences? The Federal Communications Commission is about to ban carriers from using government funds to buy equipment from Huawei and ZTE. Other government agencies are expected to take similar...
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The IMF, Argentina and Ecuador: Have Lessons Been Learned?
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Kuwait’s Frustrating Socio-Economic Transformation
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Turning Promises into Reality
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Latin America Is Not Benefiting from the U.S.-China Trade War
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The IMF needs a bridge-builder at the helm – that’s what it looks set to get
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How Syria’s Gross Mismanagement of Water is Critical Factor Leading to Civil War
Donald Marron
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Should Congress Use The Income Tax To Discourage Consumer Drug Ads?
Senator Jeanne Shaheen (D-NH) and a score of Democratic cosponsors want to use the tax code to discourage direct-to-consumer advertising by drug companies. Their bill, the End Taxpayer Subsidies for Drug Ads Act, would prohibit firms from taking tax deductions for any consumer advertising of prescription drugs. Limiting tax deductions is a blunt and arbitrary way of approaching a legitimate concern. Consumer drug ads play an important role in...
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Should Congress Use The Income Tax To Discourage Consumer Drug Ads?
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Designing Carbon Dividends
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Designing Carbon Dividends
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Three Things You Should Know about the Buyback Furor
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Three Things You Should Know about the Buyback Furor
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Talking Money, Inflation, Fiat, & Bitcoin
Cyril Morong: Dangerous Economist
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More employers offer workers help paying off student loans
By Sarah Skidmore Sell, AP Personal Finance Writer.It is not clear if this is a taxable benefit. If so, then it just means that a worker gets paid less when its company pays part of their student loan. If, as the proposed legislation shoots for, it is not a taxable benefit, then the taxpayers end up subsidizing part of these loans. At lower salaries, the workers pay less in taxes (yet their total compensation is higher because the employer...
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The percentage of 25-54 year-olds employed rose in October
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Is There Economic And Political Meaning In “The Wizard of Oz?”
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How Odysseus Started The Industrial Revolution
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Using Reggae to Fight Inflation
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Do We Have A Zombie Economy?
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How the U.S. justifies & enforces sanctions on countries like Iran and how other countries try to get around the sanctions
Greg Mankiw
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Why I am now an independent
Click here to read my column in this Sunday's NY Times.
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Warren’s Medicare for All
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NPR on The Pigou Club
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Which Harvard students are least comfortable expressing their opinions?
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I am no longer a Republican
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A Coffee-Table Book for Economists
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Yet Another Reason to be Skeptical of Surveys
Ben Bernanke
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Evaluating lower-for-longer policies: Temporary price-level targeting
By Ben S. Bernanke Despite a long and sustained recovery from the Great Recession, a number of factors—including an aging population, slow productivity growth, and subdued inflation—continue to exert downward pressure on U.S. interest rates. It seems likely that even when monetary policy is at a neutral setting, neither restraining nor stimulating the economy, interest rates will remain significantly lower than in recent decades. One...
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The housing bubble, the credit crunch, and the Great Recession: A reply to Paul Krugman
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Financial panic and credit disruptions in the 2007-09 crisis
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Temporary price-level targeting: An alternative framework for monetary policy
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When growth is not enough
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Some reflections on Japanese monetary policy
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The zero lower bound on interest rates: How should the Fed respond?
Carola Binder: Quantitative Ease
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Central Banking Stories to Watch in 2019
Happy New Year, everybody! 2018 has been a quiet year for my blog, but productive on other fronts, as I've kept busy with research and my family. But here are a few central bank-related stories I'm interested in following in the new year. 1. New Governor at Reserve Bank of IndiaFollowing the early exit of Governor Urjit Patel in December, Prime Minister Modi appointed the third central bank governor in just three years: Shaktikanta Das....
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Inflation Expectations and the Price at the Pump
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“Macroeconomic Research, Present and Past”
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From Senior Thesis to Publication
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Snapshot of the Publication and Review Process as an Assistant Professor
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Mortgage-Backed Securities Ratings and Losses Maybe Not So Bad
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D is for Devastating: A Statistical Error and the Vitamin D Saga
Free Exchange Economist
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Podcast: Vorsprung durch Angst
[unable to retrieve full-text content]
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Has BRICS lived up to expectations?
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Podcast: Super Mario to the rescue
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Europe inches closer to a plan for fixing its financial flaws
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Is there a wage growth puzzle in America?
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The Nobel in economics rewards a pioneer of “nudges”
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Podcast: Goodbye, Benito
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Jared Bernstein: On the economy
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The media cannot reform itself until it acknowledges its power
As regular readers know, I have for the last few years been banging on about the importance of the media in influencing public opinion. (It formed a key part of my SPERI/News Statesman prize lecture.) It is not a partisan point about whether the media is politically biased in a particular direction. Instead it is a claim that the media can and sometimes is profoundly important in influencing major political events. I think it is fair to say...
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How Brexit will constrain a future Labour government
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Is a flexible labour market a problem for central bankers?
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Brexit and Democracy
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The UK slowdown is a result of Brexit and austerity
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Why Owen Jones is wrong about Brexit
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Lexit
Josh Hendrickson: Everyday Economist
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On Drawing the Wrong Lessons from Theory: The Natural Rate of Unemployment
Economic theory is important. Theory provides discipline. Economists write down a set of assumptions and follow those assumptions to their logical conclusions. The validity of a particular theory is then tested against observed data. Modern economic theory is often mathematical, but theory comes in a variety of forms. Sometimes theory is used to develop and test specific empirical predictions. Other times, economic theory acts as a type of...
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On Exhaustible Resources, Part 2
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On Exhaustible Resources
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A Simple Lesson About Money and Models
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Macro Musings
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Updates
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Monetary Policy as a Jobs Guarantee
Owen Zidar
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Who were the top taxpayers in 1923?
From page 71 of Daniel Marcin’s “The Revenue Act of 1924: Publicity, Tax Cuts, Response” div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements
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Trump won in counties that lost jobs to China and Mexico
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The Effect of Pension Income on Elderly Earnings: Evidence from Social Security and Full Population Data
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Why Retire When You Can Work? Hours are way up for elderly workers
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Zip-code Economics
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Financial firms make large share of pass-through income
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Pass-through income and the top 1%
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Peterson Institute
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The media cannot reform itself until it acknowledges its power
As regular readers know, I have for the last few years been banging on about the importance of the media in influencing public opinion. (It formed a key part of my SPERI/News Statesman prize lecture.) It is not a partisan point about whether the media is politically biased in a particular direction. Instead it is a claim that the media can and sometimes is profoundly important in influencing major political events. I think it is fair to say...
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How Brexit will constrain a future Labour government
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Is a flexible labour market a problem for central bankers?
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Brexit and Democracy
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The UK slowdown is a result of Brexit and austerity
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Why Owen Jones is wrong about Brexit
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Lexit
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Telegraph Blog
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The media cannot reform itself until it acknowledges its power
As regular readers know, I have for the last few years been banging on about the importance of the media in influencing public opinion. (It formed a key part of my SPERI/News Statesman prize lecture.) It is not a partisan point about whether the media is politically biased in a particular direction. Instead it is a claim that the media can and sometimes is profoundly important in influencing major political events. I think it is fair to say...
Read more » -
How Brexit will constrain a future Labour government
-
Is a flexible labour market a problem for central bankers?
-
Brexit and Democracy
-
The UK slowdown is a result of Brexit and austerity
-
Why Owen Jones is wrong about Brexit
-
Lexit