Leaders
Mark Thoma: Economist View
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Links (11/15/18)
The Tax Cut and the Balance of Payments (Wonkish) - Paul Krugman Obesity and Globalization: Evidence from Mexico - ProMarket Why Aren’t U.S. Workers Working? - FRBSF Digital money and payments ~ Antonio Fatas FedViews: November 9, 2018 - FRBSF Superstar Firms and Cities - Tim Taylor Powell Says Fed Deserves Credit for Economic Growth - The New York Times Ten Years after the Crisis, Is the Banking System Safer? - Liberty Street Economics...
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Links (11/13/18)
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Links (11/9/18)
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Links (11/7/18)
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Links (11/5/18)
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Links (10/31/18)
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Links (10/24/18)
Paul Krugman
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Why Was Trump’s Tax Cut a Fizzle?
[unable to retrieve full-text content]The G.O.P.’s only legislative achievement has been a big disappointment.
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The Tax Cut and the Balance of Payments (Wonkish)
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Truth and Virtue in the Age of Trump
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What the Hell Happened to Brazil? (Wonkish)
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Real America Versus Senate America
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Last Exit Off the Road to Autocracy
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The Perversion of Fiscal Policy (Slightly Wonkish)
S. Sumner: Money Illusion
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David Beckworth on the floor vs. corridor system
David Beckworth has a new Mercatus paper that examines the Fed’s decision to adopt a “floor” system for interest rates. Beginning in October 2008, the Fed began paying interest on bank reserves. This effectively created a floor on market interest rates, as banks would have no incentive to lend money at rates lower than they could receive on reserves held on deposit at the Fed. Prior to 2008, the Fed controlled short-term interest rates by...
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Wasteful interstate competition
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The magnificent seven
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Peak fiscal indiscipline
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Those rootless cosmopolitans
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Rules vs. political interference
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A follow-up post on nationalism
Noah Smith
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Yuppie Fishtanks: YIMBYism explained without “supply and demand”
YIMBYism is the idea that cities need to build more housing in order to relieve upward pressure on rents. In Northern California, where I live, YIMBYs tend to get into fights with progressives about market-rate housing. YIMBYs don't want to build only market-rate housing, but they think market-rate housing has to be an important component.NorCal progressives, in contrast, tend to think that market-rate housing is bad - either they think it...
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Noah Smith’s Japan Travel Guide
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Book Review – “The Space Between Us”
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DeLong vs. Krugman on globalization
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Sheepskin effects – signals without signaling
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The “cackling cartoon villain” defense of DSGE
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Defending Thaler from the guerrilla resistance
Project Syndicate
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Give Italy’s Government a Chance
Given the poor track record of populist economic policies, it is understandable that the European Commission's first instinct is to take a hard line against the Italian government's proposed 2019 budget. But in doing so, it is condemning Italy to continued economic stagnation, and risking a much larger political crisis. LONDON – In Europe, hardly anyone has a good word to say about Italy’s upstart...
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Europe’s New Political Battle Lines
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The Dred Scott of Climate Change?
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The Bank of Japan’s Stealth Tapering
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Vaccinating Against Superbugs
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Trump’s Protectionist Quagmire
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Disaster Capitalism Comes to Puerto Rico
Cyril Morong: Dangerous Economist
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Pre-market societies could sometimes have alot of violence
Non-capitalist or pre-capitalist societies can have quite a bit of violence. The first quote comes from The Making of Economic Society, 13e by Robert L. Heilbroner and William Milberg. "It is difficult for us to reconstruct the violent tenor of much of feudal life, but one investigator has provided a statistic that may serve to make the point: Among the sons of English dukes, 46 percent of those born between 1330 and 1479 died violent...
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Leaders In Gross National Debt As A Percent of GDP Among Advanced Economies In 2017
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The Robots Are Coming And It Might Not Be A Case of Structural Unemployment
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Joseph Schumpeter And Me
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Is There Economic And Political Meaning In “The Wizard of Oz?”
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Rock Star Drops Lawsuit
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Did higher prices keep the power grid going during the recent heat wave?
Miles Corak: Economics for public policy
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Canada’s Poverty Reduction Strategy adopts the United Nations Sustainable Development Goal to end poverty
The targets to reduce income poverty in Canada’s Poverty Reduction Strategy take an important step toward the first UN Sustainable Development Goal addressed to ending poverty, but progress will fall short without all Canadian governments—not just the federal, but also provincial, and municipal governments—adopting coordinated policies to eliminate deep poverty. The first UN Sustainable Development Goal is to “End poverty in all its forms...
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Canada’s official poverty line: what is it? how could it be better?
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Ask yourself two questions while reading Canada’s Poverty Reduction Strategy
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Ever wonder where to find the Trump Tower? Then take this “Trump Walking Tour” with me, and learn even more
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Thinking about minimum wages, and thinking about them like an economist
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The Caledon Institute of Social Policy is Canadian social policy
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The Canada Child Benefit is an important innovation in cash benefits to families with children
Dani Rodrik’s weblog
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Economists’ statement in support of Atif Mian
It is with dismay that I learned recently that Princeton's Atif Mian, one of the greatest scholars on finance and macroeconomics I know, was disinvited from Pakistan's Economic Advisory Council because of his religious beliefs. See here and here for more background. Timur Kuran and I have put together a statement, along with many friends who support Atif. The statement is below. We already have more than 90 signatories, including 26 economists...
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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
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Site Maintenance
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More on distinguishing ideas and interests — an exchange with Peter Hall
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More on distinguishing ideas and interests — an exchange with Peter Hall
Global Economic Intersection
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Kant And His Categories Versus Mises And His Praxeology
Posted on 15 November 2018 by Philip Pilkington Article of the Week from Fixing the Economists You won’t see me dealing with the Austrian School of economics much on this blog. I wrote a long essay on them before and I think it says almost as much as needs to be said; namely, that the Austrians are just neoclassicals who substituted Faith for mathematics in their search for economic truth.Please share this article - Go to very top of page,...
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Real Interest Rates Are Soaring
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The Effectiveness Of The Bank Of Japan’s Large-scale Stock-buying Program
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Is U.S. New Home Inventory Forecasting A Recession?
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Karl Marx’s Conspiracy Theories
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Economic Brake Lights
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Metacritique Of Dogmatic Reason: Johann Georg Hamann
Casey Mulligan: Supply and Demand
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Mathematica advertising economics tools
This email has been going around. Check it out!Dear Economist,Mathematical techniques and computational experiments have always been tools to complement and interpret data and models.Quantifier elimination, recognized by Alfred Tarski in the late 1940s as a computable task when working at RAND, was initially considered impractical because of its high complexity (doubly exponentially).But the task is conceptually quite simple: instead of...
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Inflation has little to do with the Unemployment Rate
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How Can I Get Introduced to Automated Reasoning for Economics and Statistics?
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Monopolies are unhealthy, but high taxes make the disease worse
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NYTimes Packs Five Ungrounded Economic Opinions in Two Sentences
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Corporate-income Tax Incidence with Imperfect Competition
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Robots: Leibniz’ dream is coming true in economics
Bradley A. Hansen’s Blog
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The History of the History of Sears and Jim Crow
After the announcement that Sears had filed for bankruptcy Louis Hyman put out tweet thread about Sears role undermining Jim Crow in the South. The thread got thousands of likes and the story was picked up by The Chicago Tribune, The New York Times, The Washington Post, NPR, and Vox. I have posted a copy of the tweet thread below. The thread argues that Sears catalogs helped to undermine Jim Crow. To preserve racial...
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Accounting for Slavery
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Accounting for Capitalism
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Henry Clay, Edward Baptist, and the Whipping Machine
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That’s Just Econ 101 Part 2
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Productive and Unproductive Error
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That’s Just Econ 101
Managerial Econ
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A low priced entrant upsets Orlando airport incumbents
Eight generations of Vanderbilt MBA students have heard the story of the Orlando airport gas stations who refuse to post prices. When travelers fill up their gas tanks before they return their rental cars they are outraged at prices that are $2/gallon higher than in the rest of Orlando.It has taken only eight years, but entry is providing some competition to the two incumbents: Thursday morning, Wawa opened its doors — and its gas pumps —...
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Managerial Econ: Top 5 problem-solving mistakes by MBA’s
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Corporate Budgeting: Paying People to Lie
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Big data and the curse of dimensionality
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Multilateral Bargaining (new section of Ch 16 for next edition)
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Who pays a tax? Spaniards seem confused
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How Prediction Markets Work
Donald Marron
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Three Things You Should Know about the Buyback Furor
Record stock buybacks—driven in part by the corporate tax changes in the Tax Cuts and Jobs Act (TCJA)—have sparked a media and political furor. Unfortunately, they’ve also created a great deal of confusion. To help elevate the debate, here are three things you should know. 1. Repatriated overseas profits are the main way TCJA is boosting buybacks By slashing corporate taxes, TCJA will boost after-tax profits and cash flow. Companies will use...
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Talking Money, Inflation, Fiat, & Bitcoin
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How Should Tax Reform Treat Employee Stock and Options?
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Eight Thoughts on Business Tax Reform
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The 3-2-1 on Economic Growth: Hope for 3, Plan for 2, Pray it isn’t 1
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Outside Research Organizations Can’t Replace CBO’s Budget Team
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Can Trump Make Mexico Pay for the Wall?
David Flynn: Barter is Evil
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Focus Economics: Next Crisis
David Economist and economic historian with an interest in population analysis and demographic methods. Especially interested in natural disasters and disruptions to economic activity and changes in population dynamics, as well as fiscal and monetary policy with forecasting implications. Husband, father, Cubs fan. View all posts by David
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Total Fertility Rate in Select States (from class)
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Public Land & Prices
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Trade Policy, Fed Policy, and North Dakota
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Population Projection for ND
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Sears and Irony
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How not to negotiate
Josh Hendrickson: Everyday Economist
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A Simple Lesson About Money and Models
Imagine you are in your high school algebra class and you are presented with the following two equations: Two linear equations with 2 unknowns. This is a simple problem to solve. Now suppose that your teacher gives you the following three equations: Note that this is still a simple problem to solve. The first two equations are identical to the previous example. You can use those first two equations to solve for x and y. Then, knowing x, you...
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Macro Musings
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Updates
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Monetary Policy as a Jobs Guarantee
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How Did the Gold Standard Work? Part 1: The Efficiency of the Gold Standard
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Towards an Alchian-type Approach to Political Economy
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The Sleight-of-Hand of Olson-esque Public Choice
Leisure of the Theory Class
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New Linear Algebra Division
New Linear Algebra Division November 1, 2018 in academic pedigree, computer science, Data Science, education, Popular Science Empire State University today announced a new Division of Linear Algebra and Information. It is the university’s largest program change in decades and helps secure its status among the country’s top Linear Algebra research and training hubs. “The division will enable students and researchers to tackle not just...
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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
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Entrepreneurship
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Miserly Millennium Prizes
Timothy Taylor: Conversable Economist
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Solow on Friedman’s 1968 Presidential Address and the Medium Run
Fifty years ago in 1968, Milton Friedman's Presidential Address to the American Economic Association set the stage for battles in macroeconomics that have continued ever since. The legacy of the talk has been important enough that in the Winter 2018 issue of the Journal of Economic Perspectives, where I work as Managing Editor, we published a three-paper symposium on "Friedman's Natural Rate Hypothesis After 50...
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Superstar Firms and Cities
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What Amazon Said, What Amazon Meant
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Some Economics of World War I
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Global Population Pyramids
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The Tax Cuts and Jobs Act, One Year Later
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Why Quantitative Easing Will Return
Econbrowser
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Wisconsin GDP Surge Revised Away
New figures released by the BEA, incorporating annual benchmark revisions, indicate Wisconsin has been growing more slowly than previously thought; Q/q growth in 2018Q2 was ranked 48th in the Union. This outcome is illustrated in the following map. Further, note the substantial downward revisions in the level of GDP over the last three and a half years. Figure 1: Log real GDP from 2018Q1 release (red), and from 2018Q2 release (blue), both...
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Wisconsin Employment Declines, Previous Revised Down
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Odds on a Trade Truce: Soybean Edition
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Always Learning: They Make 300 Feet White Bags
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Which Observation Is Not Like the Others: US Inward FDI Again
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Inward US Bound FDI
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Origins and Challenges of a Strong Dollar
Tim Harford: Undercover Economist
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There is a fine line between stupid and clever
There is a fine line between stupid and clever Recently a loyal reader emailed me with a disarmingly simple question: is it better to invest small amounts every month, or in a large lump sum? What seems a narrow topic has broader implications. The popular argument in favour of regular investment into shares — often called “cost averaging” — has been made by retail investment advisers many times. “Take advantage of their downs as well as...
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Does economic growth need to end?
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Exploitative algorithms are using tricks as old as haggling at the bazaar
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Curiosity can save us when lies come dressed as numbers
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Nominations for a silly economics prize with a deeper purpose
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How to burst your political filter bubble
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Why big companies squander brilliant ideas
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%
Microeconomic Insights
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The effects of coordinating school assignments through a centralized mechanism
Matching theory, which examines what happens when one or more types of searchers interact, has proven to be a powerful tool for increasing the efficiency of markets where mutual consent is required. The process of matching employers with job seekers, pairing suitable romantic partners, and even finding compatible kidney donors and recipients has been enhanced through the application of this theory. Today, school admissions processes are being...
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The impact of protection on trade: lessons from Britain’s 1930s policy shift
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Growth and well-being: policy should not be based on GDP alone
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Regional variation in US healthcare use: evidence from patient migration
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The economics of density: evidence from the Berlin Wall
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US Manufacturing Jobs and Trade Liberalization with China
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The career cost of children: career and fertility trade-offs
Carola Binder: Quantitative Ease
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Inflation Expectations and the Price at the Pump
My paper "Inflation Expectations and the Price at the Pump" is now published in the Journal of Macroeconomics. Here is an open-access link to the official version (through October 20, 2018). And here is my new website which has links to the ungated versions of this and my other papers.The key takeaway of this paper is that, though gas prices and average household inflation expectations are correlated, consumers do not seem to...
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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
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To Eradicate or to Manage?
Economonitor
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Current Account Deficits and Safe Assets
The International Monetary Fund has issued its External Sector Report for 2017, and among its key findings: “Global current account imbalances were broadly unchanged in 2016…” The U,S. continues to record the largest deficit, $451.7 billion, which is equal in value to 2.4% of U.S. GDP. The continuing deficits contribute to the increase in the ...
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Why Lebanon’s New Government Needs a New Economic Model
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A New Banking Crisis?
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John Maynard Keynes and Effective Macroeconomic Policy
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Can Uganda Step Up to New Economic Challenges?
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New Pragmatism: Economics and Economic Policy for the Future
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Transformative Changes in World Energy Production and Trade
Offsetting Behaviour
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More than trivial
Despair: Students sitting the NZQA Level 3 History causes and consequences paper on Wednesday were confronted with the word in a quote from Julius Caesar: "Events of importance are the result of trivial causes."Students were asked to analyse the extent to which they agreed or disagreed with Caesar, with reference to the causes and consequences of a historical event....Some of his peers thought trivial meant "significant",...
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Uplifting?
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Bias toward action?
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Complicated Gains Tax
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The Calculus of Carbon
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A regulated market model
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Sugar tax advice
T. Cowen: Marginal Revolution
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Thursday assorted links
1. The intersection between crypto and prediction markets. 2. Amazon and GMU. 3. WaPo covers Hyejun Kim and her work on the economics of innovation. Recommended. 4. More Scott Alexander on preschool. 5. What happened to box office prediction market futures? The post Thursday assorted links appeared first on Marginal REVOLUTION.
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Coasean Skies
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How much did the housing shock drive political polarization?
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Why aren’t millennials buying boats? (the boat recession)
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Twentieth-century cousin marriage rates explain more than 50 percent of variation in democracy across countries today.
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Ho hum, or hidden externalities?
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Wednesday assorted links
Jared Bernstein: On the economy
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Energy prices and real wage trends
I’ve got a piece up in today’s WaPo on some of the economic and social implications of the recent tanking in oil prices. Obviously, such prices jump around, and OPEC is talking about reigning in supplies, so the negative trend could reverse. But the points of my piece are a) low oil may be a boon for consumers at the pump, but it’s inconsistent with sustainable growth, and b) especially post-midterms, it’s time to start talking about taxing...
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Does faster wage growth imply passthrough to faster price growth? Not necessarily. (Though see update at the end.)
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Another strong jobs report yields critical insights
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Wage roundup: Amplifying new work on an important topic.
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An important correction: The U.S. does have a carbon tax. But it needs some serious attention.
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What’s wrong with upside-down Keynesianism?
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What does “full employment” mean in the era of anchored inflation expectations?
Simon Wren-Lewis
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Brexit. Of course everyone hates a compromise, but like much else its the best option, isn’t it?
This is the argument put forward by May and her supporters, but rather more significantly it is also the case argued by Martin Sandbu hereand other very rational and realistic people. When you have two sides implacably opposed, compromise is often the way forward. No one likes the compromise, but that is the nature of compromises. It a mature democracy where we don’t want to be at our throats all the time, compromise is inevitable. Labour are...
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Governments of fools?
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If May loses her Brexit vote, what happens next?
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The Lies We Were Told
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Health spending over time
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Mediamacro is in rude health, and is also indicative of a deeper failure
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The Chancellor continues his steady fiscal tightening
Free Exchange Economist
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How to interpret a market plunge
FOR much of the past two years, market watchers have had little to write about, apart from the passing of one stock-index milestone after another. The events of the past week, however, have shaken the financial world awake. A recent, upward zag in bond yields seemed to signal the arrival of a new theme in market movements. Stock prices confirmed it, and then some. Over the past week, American stocks have dropped about 7%, punctuated by a...
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Podcast: Vorsprung durch Angst
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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”
Worthwhile Canadian Initiative
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Australian Economic Growth in Longer Term Perspective
A recent issue of The Economist highlighted the stellar economic performance of Australia – or as it was termed, “The Wonder Down Under” – arguing its economy is most arguably the most successful in the rich world. Australia has apparently not seen a recession for 27 years, seen its median income has grown four times as quickly as the United States and has low public debt. The Economist attributes some of this to good luck – natural resource...
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Bicycle Disequilibrium Theory
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Tracking the Bank of Canada’s staff projections through the 2008-9 recession
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Has Canada’s female employment rate maxed out?
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Are education attainment levels the root cause of all good earnings news?
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The Meaning of Life, Labour Supply, and all that
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Why do we care about the labour share of income?
Miles Kimball
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The Prevalue Function
Despite aggressive self-promotion of my back-catalog of blog posts, I have been relatively slow to promote my academic papers on my blog. I will make an effort to right that imbalance by sprinkling in some blog posts about my academic papers. By the way, while I give my blog tender-loving care constantly, I make very little effort to tend my university websites. The go-to source for my academic career (including my CV) is not any of my...
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Rebecca Diamond: What Does Economics Evidence Tell Us about the Effects of Rent Control?
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How Important is A1 Milk Protein as a Public Health Issue?
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Marc F. Bellemare: Identification by Functional Form
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Kenneth W. Phifer: The Faith of a Humanist
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Oliver Roeder on Fabiano Caruana: The American Chess Grandmaster Who Could Become World Champion
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Maia Szalavitz—Income Inequality’s Most Disturbing Side Effect: Homicide
FT Alphaville
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Thoughts for the weekend
Jeff Bezos is not arriving on the 7 train pic.twitter.com/SPfBflDCRa— Henry Grabar (@henrygrabar) November 13, 2018Alan Greenberg sent some top-notch memos during his time atop Bear Stearns. pic.twitter.com/lWYxIZhmBO— Letters of Note (@LettersOfNote) November 14, 2018Still new to NYC, but I met this really cool girl. Energy sector analyst or some such. Four dates in, she uncovers my love for BitCoin.Completely ghosted.— Zack Voell...
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Snap AV: soyabean saga
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Markets Live: Friday, 16th November 2018
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Leveraged loans are way past “cov-lite”
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Green finance: a contrarian take
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Forking hell, crypto is collapsing!
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Hong Kong’s sudden equity collapse syndrome strikes again
Greg Mankiw
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A Recent Interview
I am interviewed in N Magazine, starting on page 63.
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Macro 10e
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Fun Fact of the Day
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Surprising Truths About Trade Deficits
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Congratulations, Gita
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Economics Teaching Conference
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Now I love Mike Pompeo
John Cochrane’s blog
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Carbon Tax
Source: Seattle Times"The carbon tax is dead; long live the carbon tax" is the headline of Tyler Cowen's Bloomberg column on the failed (again) Washington State carbon tax. And rather decisively, per the picture on the left."Maybe its failure on the ballot in Washington state will inspire economists to come up with better arguments" challenges ...
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Europe’s Banks
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State of thought on financial regulation
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Kotlikoff on the Big Con
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Cross subsidies and monopolization, explained
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Supply-side health care
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Dollarize Argentina
Peterson Institute
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When the Next Recession Hits: A User’s Guide for Future QE
The global financial crisis of a decade ago pushed economies into deep recessions. To prevent these recessions from becoming depressions, several major central banks made large-scale purchases of long-term bonds and other financial assets to ease financial conditions and support spending.[1] These actions, known as quantitative easing (QE), were hardly without controversy. Critics warned that QE would fuel inflation, undercut creditors, and...
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Are Sound Democratic and Legal Institutions Necessary for Growth?
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Has Norway Been Saving Too Much or Too Little? What Intertemporal Accounting Can Tell Us
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Italy-EU Budget Confrontation: Prospects for a Happy Ending
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The Stock Market Correction in Context: Are Equities Cheap or Expensive?
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UK Money Grab: Proposed Digital Tax
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Regulating Blockchains While Protecting Decentralization
Ben Bernanke at Brookings
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The housing bubble, the credit crunch, and the Great Recession: A reply to Paul Krugman
By Ben S. Bernanke Why was the Great Recession so deep? Certainly, the collapse of the housing bubble was the key precipitating event; falling house prices depressed consumer wealth and spending while leading to sharp reductions in residential construction. However, as I argue in a new paper and blog post, the most damaging aspect of the unwinding bubble was that it ultimately touched off a broad-based financial panic, including runs on...
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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?
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How big a problem is the zero lower bound on interest rates?
David Andolfatto: Macro Mania
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Smart Contracts and Asset Tokenization
Book of Smart Contracts 1959 In his 1959 classic Theory of Value, Gerard Debreu takes a deep dive into general (Walrasian) equilibrium theory. (Yes, I know, but please try to stay awake for at least a few more paragraphs.)He studies a very stark hypothetical scenario where people are imagined to gather at the beginning of time and formulate trading plans for a given vector of market prices (called out by some mysterious auctioneer)....
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What is the yield curve forecasting?
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The Trust Machine: The Story of Bitcoin
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Inflation and Unemployment (Part 2)
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Inflation and unemployment
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What anchors inflation?
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The recession of 2012-13 and the taper tantrum
Macro and Other Market Musings
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“Et tu, John Williams?”
Tim Duy reports that r-star, which rose to prominence over the past few years, is experiencing a Caesar-like betrayal at the Fed: The Federal Reserve’s “r-star” has gone full supernova. New York Federal Reserve President John Williams, its key proponent, made clear in a speech late Friday that the neutral interest rate is no longer a guiding star for monetary policy. This means a federal funds rate in the range of what is considered neutral...
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FOMC Preview: “We Have the Nerve to Invert the Curve”
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More Non-Star Metrics for Monetary Policy
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The Fed’s Floor System: Sayonara?
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Navigating by the Stars and Steadying the Ship Speed
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Closer to OCA Criteria: Eurozone or Dollarzone?
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Will Australia Be the First Country to Try NGDPLT?
John B. Taylor
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Now They’re All Saying “It’s Time to Write Chapter 14 into Law”
Yesterday the Senate Judiciary Committee held an important hearing entitled “Big Bank Bankruptcy: 10 Years After Lehman Brothers.” Originally scheduled for October, but postponed because of the debate over the Kavanaugh confirmation, the hearing concentrated on legislation that would create a new “Chapter 14” of the bankruptcy code under which large financial institutions could go into bankruptcy without spreading the crisis to the rest of the...
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Three Attributes of a Sustainable Open and Stable Global Order
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Econ 1, Tiger Woods, and the [email protected]
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Stiglitz, Summers, Secular Stagnation, and the Supply Side
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17 Years of Economic and Security Challenges
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A Boot Camp with a Good Policy Workout
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Turkey Tantrum Contagion Not Automatic, Rather Policy Dependent
Roger Farmer’s Economic Window
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Conference at the Bank of England
Last year I co-organize d a highly successful conference at the Bank of England on Economics and Psychology. You can find links to videos from most of the conference presenters here. This year I am co-organizing a second conference with the title, "Economics and Psychology: New Ways of Thinking about economic policy". The conference will ...
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Lend Me Your Ears: Friedman and The Role of Financial Policy
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Taming the Lion
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Bulls and Bears: Why central banks should stabilize the stock market
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Animal Spirits, IS-LM-NAC and Keynesian Economics without the Phillips Curve
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Moving the Overton Window: Let the Debate Continue
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Standing on the Shoulders of Giants
Jeffrey Frankel’s Blog
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Jeffrey Frankel's Blog 1970-01-01 00:00:00
[unable to retrieve full-text content]
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China’s Q3 GDP Reportedly Slowed to 6.5%. Or is it 6.4%?
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After NAFTA
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Bill Nordhaus & Paul Romer, Nobel Prize winners
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Fall in US Trade Balance Led by Ag. Exports
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Trump Renews Charges of Chinese Currency Manipulation
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Reply to an MMT critique of my column on pro-cyclical policy
Brad Delong, Berkeley
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Development and Security
Not what I said at the Blum Center Development Lunch today: more what I wish I had said—albeit it is still incoherent and disorganized: Let me begin with three direct responses to points Michael Nacht made. Let me then try to—briefly—propose a framework, perhaps a framework for analysis, perhaps merely a framework for convincing people in the national security community that they should take issues of economic development seriously, and so...
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Development and Security
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Grasping Reality with at Least Three Hands 2018-10-10 18:14:44
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Grasping Reality with at Least Three Hands 2018-10-10 18:14:44
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The Nobel-Like Prize in Economic Science, 2018
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Blum Hall B100: Plaza Level: 2 PM: Bill Janeway: The Digital Revolution and the State: The Great Reversal
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Blum Hall B100: Plaza Level: 2 PM: Bill Janeway: The Digital Revolution and the State: The Great Reversal
Telegraph Blog
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Opinion
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Scottish referendum: Out of the frying pan into the fire
