Leaders
Mark Thoma: Economist View
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Links (12/17/18)
Couple of links: Demography, unemployment, and automation - VoxEU Market Power or Just Scale Economies? - ProMarket Neoliberalism as Structure and Ideology - EconoSpeak How the Press Covered the Panic of 2008 - Economic Principals How low is low for Chinese GDP growth? ~ Antonio Fatas Micro-responses to shocks: Pricing, promotion, and entry - VoxEU The evolving scope and content of central bank speeches - VoxEU DeLong's...
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Links (12/7/18)
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Links (12/4/18)
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Links (11/28/18)
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Links (11/25/18)
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Links (11/21/18)
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Links (11/19/18)
Paul Krugman
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Conservatism’s Monstrous Endgame
[unable to retrieve full-text content]Apparatchiks are corroding the foundations of democracy.
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Manhood, Moola, McConnell and Trumpism
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The G.O.P. Goes Full Authoritarian
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The Art of the Imaginary Deal
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Climate Denial Was the Crucible for Trumpism
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Brexit, Borders, and the Bank of England (Wonkish)
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When MAGA Fantasy Meets Rust Belt Reality
S. Sumner: Money Illusion
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My views on foreign policy
Many commenters have great difficulty understanding my views on foreign policy. I presume this is because many (most?) commenters think this way: “Sumner said X. People who say X usually believe Y. Therefore Sumner thinks Y”. That might work for most people, but it doesn’t work for me. Actually, my views on foreign policy are boringly conventional and quite moderate: 1. Some of my commenters accuse me of being a bloodthirsty warmonger,...
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The Republican Party’s future
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Natural interest rate bleg
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The increasing populism of the new right
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How costly is Chinese IP theft?
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Is the Fed holding down growth? (Just the opposite)
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Rogue nation
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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The Continuing Agony of Brexit
Those who are calling for a second referendum on the United Kingdom's withdrawal from the European Union overlook an inconvenient truth: Leavers detest the EU more intensely than Remainers love it. So we must hope that Prime Minister Theresa May gets her amicable divorce when Parliament finally votes on it in January. LONDON – So British Prime Minister Theresa May lives to fight another day. The...
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Harnessing the Digital Revolution for Sustainable Development
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A Reprieve for Global Governance
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The Eurozone’s Solidarity Fallacy
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Prospects for US-China Relations in 2019
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China’s South China Sea Grab
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Unlocking Public Wealth
Cyril Morong: Dangerous Economist
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Do you have to be selfish to make more money?
See Selfish people earn less money than generous people by Leah Fessler of Quartz. Excerpts: "Researchers at Stockholm University, the Institute for Futures Studies, and the University of South Carolina examined data on more than 60,000 people in the US and Europe to understand whether one’s “prosociality,” or interest and engagement in others’ wellbeing, is indicative of how much money the person makes and whether they have...
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Thanksgiving dinner is at its lowest price since 2010
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Pre-market societies could sometimes have alot of violence
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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?”
Miles Corak: Economics for public policy
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The changing nature of work calls for enhancing the human and financial capital of children in less wealthy families
The Canadian federal government should enhance the human and financial capital of children in less wealthy families, enhance market incomes of lower paid workers, and enhance the security of working incomes by adapting three existing programs to new realities: widening their scope, making them more flexible, and making them easier to obtain. The changing world of work is also a changing world of pay, a world that will likely lean toward...
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Canada’s Poverty Reduction Strategy adopts the United Nations Sustainable Development Goal to end poverty
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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
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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Labor Saving Technologies And The Demise Of The Working Class
Posted on 14 December 2018 by Elliott Morss, Morss Global Finance Introduction The US economy is growing at a healthy pace and unemployment is low. But behind these healthy signs, a large portion of the working class is not doing well. These problems are highlighted in a new study co-authored by the "conservative" American Enterprise Institute and the "progressive" Brookings Institution (AEI/BRI). In what follows, the...
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Borrowing From Science: Philip Mirowski On Contemporary Neoliberalism
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Test Your Knowledge Of Banking Fraud
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European Threats
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Animism And Monetarist Thinking: The Inflation In The US In The 1970s
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Market And Sector Analysis 01December 2018
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Pyramids Of Crisis
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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Bitcoin Bubble
For a few years now, economists have been debating whether we are in a Bitcoin bubble. That its value has fallen to one-sixth its peak value about a year ago suggests the bubble has burst. However, that it still trades at five times its value two years ago indicates that it is not completely worthless. My monetary theory friends remind us that all fiat currencies are bubbles. They will become worthless eventually, it is just a matter of...
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Is giving inefficient?
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Vertical Integration in Hollywood
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Meeting in the Middle
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Book recommendations (add your own in the comments)
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Markets in Information
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Why are millennials leaving Illinois?
Donald Marron
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Designing Carbon Dividends
Carbon dividends are the hottest idea in climate policy. A diverse mix of progressive and conservative voices are backing the idea of returning carbon tax revenues to households in the form of regular “dividend” payments. So are a range of businesses and environmental groups. Two weeks ago, six House members—three Democrats and three Republicans—introduced carbon dividend legislation. Here is the idea: A robust carbon tax would cut emissions...
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Three Things You Should Know about the Buyback Furor
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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
David Flynn: Barter is Evil
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Yield Spreads and North Dakota Oil
I decided to further look at yield spreads and put a bit of a local spin on it by adding in the element of North Dakota oil production. I am trying to figure out if rates and rate movements impact the oil industry in North Dakota. The interesting thing here is that the cost structure of the firms is really different. Once wells are sunk there are large elements of, well, sunk costs that remove themselves from consideration by the firm at...
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Yield Spreads
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Brexit Getting Interesting
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Accepted to #PAA2019 !
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Focus Economics: Next Crisis
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Total Fertility Rate in Select States (from class)
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Public Land & Prices
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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Institute for Wow
Institute for Wow December 15, 2018 in academic satire, education, Popular Science Hot on the heels of its new Division of Linear Algebra, Empire State’s President announced a new Institute for Wow. Unlike other centers and institutes on campus that were dedicated to basic research or innovation, this one would focus only on research that would grab attention. “Universities,” she said, “ have tried for centuries to inform and...
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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
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Entrepreneurship
Timothy Taylor: Conversable Economist
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Is Carbon Capture and Storage on the Verge?
If carbon capture and storage was cheap and easy, it would be a technological fix for the issue of climate change. It's not that simple, of course. But along with a range of other technologies and policies, carbon capture and storage can be part of the answer. In the Global Status of CCS 2018, the Global CCS Institute provides an overview of this technology (download requires free registration). The tone of the report is boosterish and upbeat...
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US Income Inequality Through the Prism of Different Studies
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Economic Effects of Islam
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The Diminution of Welfare as an Anti-Poverty Tool
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US Health and Healthcare Spending in the Last 25 Years: Gains and Costs
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US Not the Source of China’s Growth, China Not the Source of America’s Problems
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Excavating Layers of the Tax Cuts and Jobs Act of 2017
Econbrowser
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Recreational Vehicle Sales as Recession Indicator
Some casual observers have noted the predictive power of recreational vehicle (RV) sales. Over the past six months of reported data, five have shown lower sales than corresponding months in 2017. Figure 1: Total monthly RV shipments vs. last year. Source: RVIA.A longer term perspective yields some insight into the predictive power of RV sales. Figure 2: Year on year growth rate of total recreational vehicle shipments (blue), and year-to-date...
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Imminent Yield Curve Inversions?
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President’s Statement on the Death of Seven Year Old Migrant in CBP Custody
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Guest Contribution: “The Lesson from George H.W. Bush’s Tax Reversal”
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Farm PPI and Prospects for the Farm Sector
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Guest Contribution: “Monetary Policy under Data Uncertainty”
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History, Facts, All that Jazz
Tim Harford: Undercover Economist
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The economist’s guide to the perfect Christmas
The economist’s guide to the perfect Christmas It was snowing even in London this week. Surely now it’s time to get serious about Christmas — and who better to give the perfect yuletide advice than an economist? (I also plan to include the best ideas from psychology, and call them “behavioural economics”; this is a proven formula.) Economists are much needed at this time of year since Christmas is, more than anything, a consumerist...
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Brexit, Trump, and how politics loses the capacity to shock
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Messy desks and benign neglect allow ideas to grow
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The untold career value of a little bit of luck
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What the Sydney Opera House teaches us about Brexit
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Self help books that work
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There is a fine line between stupid and clever
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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Optimal timing of unemployment benefits: evidence from Sweden
A public program of unemployment benefits aims to protect people against job loss, but it should ideally be designed so that it doesn’t encourage them to stay out of work too much longer than they otherwise would. This research explores how policy can achieve the ideal balance between maximizing the insurance value of benefits while minimizing the incentive cost. Analyzing data from Sweden on unemployment, consumption, income, and wealth, the...
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US Treasury auctions: measuring the effectiveness of primary markets for government securities
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The effects of coordinating school assignments through a centralized mechanism
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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
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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Petition of the Printmakers
In 1845, Frederic Bastiat parodied protectionists with his Petition of the Candlemakers, who called on the government to protect them from foreign competition: We come to offer you a wonderful opportunity for your — what shall we call it? Your theory? No, nothing is more deceptive than theory. Your doctrine? Your system? Your principle? But you dislike doctrines, you have a horror of systems, as for principles, you deny that there are any in...
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Wealth inequality – reader mailbag
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Household net wealth
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Where’s my hockey rink?
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Suppressed
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Micro costs of macro prudence
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Back to the sweet sweet bog
T. Cowen: Marginal Revolution
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Sunday assorted links
1. “Our results reveal that biographies remain in our communicative memory the longest (20–30 years) and music the shortest (about 5.6 years).” 2. Facial boarding. 3. Erik Torenberg free lunch list. 4. “In 2016, Marriott Hotels, which had 19 hotel brands, merged with Starwood, which had 11. They didn’t abolish any brands in the merger, and so the company faced a challenge: How to explain to customers, or even to its own employees, what makes...
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The Crypto Anarchist Manifesto
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Deconstructing cultural codes
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Alexa for animals
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Michael’s short review of *Stubborn Attachments*
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Quito, Ecuador bleg
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Saturday assorted links
Jared Bernstein: On the economy
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Blog repair…and a request for questions.
I’ve been remiss in keeping up with this blog. While I still post here–especially stuff that’s too technical to go elsewhere and my write-up of the monthly jobs numbers–I’ve taken to posting most weekly takes on this or that to my PostEverything WaPo column. In the old days, however, I used to post a link here to those posts, often with an extra comment or two. Here’s a brief attempt to update: —This one’s more political than usual: I pushback...
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Nick Hanauer’s Progressive Labor Standards: A bold idea to do more than just repair the damage.
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Another solid jobs report, even with a slightly slower trend in payrolls
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Energy prices and real wage trends
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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.
Simon Wren-Lewis
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Will the Brexiters kill Brexit?
How do we rationalise the Brexiters refusal to vote for May’s proposed Withdrawal Agreement (such that she pulled the vote), and then attempting to bring her down? It appears like the actions of a petulant child that refuses to accept they cannot have the expensive toy they have just seen in the shop, even after they have been offered a less expensive toy. Rationally they must know they are a clear minority of MPs, and so their desired outcome...
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Are the Labour leadership attitudes to Brexit just the austerity story all over again?
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MPs need to get real about Brexit
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Helping the left behind: its (economic) geography, stupid
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Experts and Elites
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On the many meanings of ‘politically impossible’, with applications to Brexit
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Brexit Blues: How dreams can become nightmares if you try to make them real
Free Exchange Economist
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Why the Fed is likely to raise rates, despite low inflation
CREDIBILITY is a thing you have to worry about with toddlers. You cannot reason with them. The best you can hope to do is respond consistently to undesirable behaviour. Get this wrong and your work becomes harder. If your correspondent doesn’t actually go and hide the box of Legos every time he has to count to three, for example, his child will not find his threats to be credible, and will fail to respond to them. Get our daily...
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Religious competition was to blame for Europe’s witch hunts
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Donald Trump’s budget ignores what is ailing American workers
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Richard Thaler’s work demonstrates why economics is hard
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The case against shrinking the Fed’s balance-sheet
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The hubris of ten-year budgets
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Bitcoin is fiat money, too
Worthwhile Canadian Initiative
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Explaining S=I: Inventories vs Adding up Individuals
It's easy to teach students the arithmetic showing that actual saving must equal actual investment (S=I). But many students (quite rightly) want more than the arithmetic. Because S=I is not intuitive, and good students want to understand the intuition. I think that most profs will try to explain the intuition by talking about inventories of unsold goods. But I think it would be better to explain the intuition behind S=I by talking about the...
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Keynesian Beauty Contest SRAS shocks
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Becoming Sustainable: The Six Stages of Provincial-Territorial Government Health Spending
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Australian Economic Growth in Longer Term Perspective
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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?
Miles Kimball
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Juleanna Glover: Biden Should Run on a Unity Ticket With Romney
Getty Images Politics It could totally work. Here’s how. By JULEANNA GLOVER December 11, 2018 Last summer, John McCain told the world that he regretted not picking Joe Lieberman, the former senator and Democrat, to be his vice presidential running mate...
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John Locke: Legitimate Taxation and other Appropriation of Property by the Government is Limited as to Quantity, Procedure and Purpose
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Roger Kimball: Taking Michel Foucault off of his Pedestal
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Sig Christenson: Understanding Suicide in the Army
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Quartz #69—>The Most Effective Memory Methods are Difficult—and That’s Why They Work
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The New Criterion: Offense Archaeology
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‘Is Milk Ok?’ Revisited
FT Alphaville
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You know things are bad when Tether is in the crypto top 5
Bitcoin might have been a popular gift in 2017, but this year, the crypto Christmas isn't looking good. The Santa rally has been even more elusive than it has in other markets. Bitcoin dropped below $3,200 over the weekend for the first time since August 2017, while Ethereum slumped to its lowest in more than 18 months. The total crypto "market cap", meanwhile, is close to falling below $100 billion. That's down from well over $800...
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Further reading
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Thoughts for the weekend
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It turns out “bond tokens” and “share tokens” might just be classed as securities
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The bitcoin price is wrong
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The math wizard who became a customer loyalty scheme guru
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Further Reading
Greg Mankiw
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Trumponomics
Click here to read my review of Trumponomics by Stephen Moore and Arthur Laffer.
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A Recent Interview
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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
John Cochrane’s blog
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Series on recession and financial crisis
Over the last few weeks we have had a series of discussions at Hoover on the 10th anniversary of the financial crisis and recession. This all happened mostly due to the energy of John Taylor.The final event on Friday Dec 7 was a Panel Discussion Summary, including Taylor, Shultz, Ferguson, Hoxby, Duffie, and myself, with question ...
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Canadian Debt
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Brexit and democracy
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Canadian non-QE
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Taylor on China and Trade and Ideas
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Summers on China
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Flowers not tariffs
Peterson Institute
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Macron’s Fiscal Easing May Enhance His Stature in Europe
Nearly eight years after the “Arab Street” shook the foundations of the Middle East in the Arab Spring, the “French Street” featuring protesters in yellow vests has forced President Emmanuel Macron into major policy changes to accommodate their alleged rural and working class demands. The “Yellow Vest” movement has dealt the first big political setback for the French president. It remains too early to gauge whether his actions will calm street...
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Abenomics Is Working, Don’t Stop Now
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The French “Yellow Vest” Movement and the (Current) Failure of Representative Democracy
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The Fed’s Policy Implementation Framework
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Russia’s Challenge: Reassuring Markets that Inflation Is at Bay
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Theresa May Plays Brexit Chicken
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When the Next Recession Hits: A User’s Guide for Future QE
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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Working More for Less
I had an interested chat with a colleague of mine the other day about the labor market. In the course of conversation, he mentioned that he used to teach a class in labor economics. Naturally, an important lesson included the theory of labor supply. Pretty much the first question asked is how the supply of labor can be expected to change in response to a change in the return to labor (the real wage). My colleague said that for years he would...
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Does the Floor System Discourage Bank Lending?
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Smart Contracts and Asset Tokenization
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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
Macro and Other Market Musings
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How Close is the Fed to a Corridor System?
I recently participated in an AEI event that showcased George Selgin's new book on the Fed's floor system. My role at the event was to comment, along with Bill Nelson, on George's book. Readers of this blog will know I share many of George's concerns about the floor system that are outlined in his book and I would like to see the Fed move to a symmetric corridor system. The FOMC spent a good portion of its November meeting discussing this...
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A Risk Sharing View of Monetary Policy
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A New Paper on the Fed’s Floor System
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Janet Yellen on NGDPLT
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“Et tu, John Williams?”
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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
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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The Lesson from George H.W. Bush’s Tax Reversal
Dec. 13, 2018 — When President George H.W. Bush was laid to rest earlier this month, the remembrances appropriately remarked on his general decency and competence. In public commentary, the encomiums tend to be followed by a “but.” For journalists and historians, it is “but he was only a one-term president.” He lost the election of 1992, in part because of the recession of 1990-91. For members of his own political party, the “but” is,...
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Gopinath follows Obstfeld at the IMF, in a great tradition
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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
Brad Delong, Berkeley
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DeLong Fall 2018 Teaching Schedule
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DeLong Fall 2018 Teaching Schedule
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Development and Security
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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
Telegraph Blog
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Opinion
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Why David Cameron will struggle to out-Ukip Ukip on EU migration
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David Cameron promises to withdraw Britain from the European Union (yes – I mean it)
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Germany’s Eurosceptic AfD spells end to Europe’s false calm, warns S&P
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The truth about smoking – it saves the public purse a lot of money
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The Unionist way forward
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Scottish referendum: Out of the frying pan into the fire
