Leaders
Mark Thoma: Economist View
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Links
It’s time for Identity Portability – Digitopoly Equitable Growth in Conversation: Michael Strain - Equitable Growth Unions Did Great Things for the Working Class - Noah Smith More Permissive Zoning Codes Could Make Workers Richer - Regulatory Review Sovereign Money, Narrow Banks, Digital Currency, etc. - Stephen Williamson Optimal Monetary Policy For the Masses - David Beckworth How UK deficit hysteria began - mainly macro Adjusting to...
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Links
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Links
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Links
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Links
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Oh, What a Stupid Trade War
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Links
Paul Krugman
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The Devil and Tom Donohue
Until Trump, the ugliness of this deal was cloaked in euphemisms. As Lee Atwater famously put it,You start out in 1954 by saying, “Nigger, nigger, nigger.” By 1968 you can’t say “nigger”—that hurts you, backfires. So you say stuff like, uh, forced busing, states’ rights, and all that stuff, and you’re getting so abstract. Now, you’re talking about cutting taxes, and all these things you’re talking about are totally economic things and a...
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Fall of the American Empire
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What Did the Romans Ever Do for Us?
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Thinking About a Trade War (Very Wonkish)
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Tax Cuts and Leprechauns (Wonkish)
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G.O.P. to Americans With Health Problems: Drop Dead
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A Quisling and His Enablers
S. Sumner: Money Illusion
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The RBA as firm and policymaker
Here is the Financial Times: Australia has created 1m jobs over five years and its economy is growing at a healthy 3.1 per cent a year, but for workers the “lucky country” has lost some of its shine. Wages growth is stuck near record lows and household debt is among the highest in the developed world. Average wages grew 2.1 per cent in the year to the end of March, below the 3.5 to 4 per cent levels that Australians enjoyed during a...
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Cults are the norm
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Love this tweet
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Learn from Mencken
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Art of the troll
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The loudest apologists for global neoliberalism
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Is wealth good?
Noah Smith
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DeLong vs. Krugman on globalization
I'm going to do the inadvisable, and argue with Brad DeLong. Hopefully this will turn out OK, since it's in response to Brad doing the inadvisable and arguing with Paul Krugman (thus breaking at least two of his own rules).The topic is globalization. Krugman has a new essay in which he lays out what seems to be a rapidly crystallizing conventional wisdom on the recent history of globalization. Some excerpts: [D]uring the 1990s a number of...
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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
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Handwaving on health care
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Speech on campus: A reply to Brad DeLong
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What we didn’t get
Project Syndicate
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The Epidemic We Must Stop Ignoring
Tuberculosis afflicts ten million people every year, and continues to kill more people than any other communicable disease, despite global commitments to eliminate it. But, despite this awareness, TB in children is being systematically ignored, with a quarter-million young lives lost every year. PARIS – A primary-school student is diagnosed with tuberculosis in a leafy neighborhood outside...
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Nationalism Will Go Bankrupt
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Why Host the World Cup?
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The Despot and the Diplomat
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Italy’s Quadruple Threat to Europe
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Are We in a Corporate-Debt Bubble?
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Europe’s Left Turns Right on Immigration
Cyril Morong: Dangerous Economist
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Freight trains and economies of scale
See Why Railroads Are Making Freight Trains Longer and Longer by Daniel Machalaba of The WSJ. Economies of scale happen when average total cost falls as a firm increases the scale of its operation (more capital). Total cost rises, but output or quantity rises by an even greater proportion. Excerpts: "The freight train is now on track to stretch up to 3 miles long, with 200 cars or more. And it’s being powered, in part, by an unusual...
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Is the gig economy growing or not?
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Do FAA drone regulations illustrate the tradeoff between Type I and Type II errors?
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Book Recommendation: Economics for the Common Good by Jean Tirole
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Fed officials disagree on how much inflation the current low unemployment rate might cause
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It seems like airlines are not passing along all of the increased fuel costs to consumers
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When Economists Turn Hedonistic
Miles Corak: Economics for public policy
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Ever wonder where to find the Trump Tower? Then take this “Trump Walking Tour” with me, and learn even more
Meet at the southwest corner of 53rd Street and 6th Avenue, under the large statue across from the Hilton Hotel, the tour guide will be holding a “Social Justice Tours” sign. That is what The Municipal Arts Society of New York website counsels, and indeed, Dan is there … Social Justice Tours being the non-profit he started three years ago, that is taking off quite nicely, nicely enough—thank you very much—to have its website hacked by someone...
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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
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Poor children are twice as likely to grow up to be poor adults in some Canadian communities than in others
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I have a new job, and if you want to know more read this post
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Tony Atkinson has died
Dani Rodrik’s weblog
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Site Maintenance
Site Maintenance Sorry for the inconvenience but we’re performing some maintenance at the moment. We’ll be back online shortly! You've requested a page on a website (rodrik.typepad.com) that is on the Cloudflare network. Cloudflare is currently unable to resolve your requested domain (rodrik.typepad.com). Ray ID: 40cb705d97079750 Timestamp: 2018-04-17 02:25:03 UTC Your IP address: 88.99.241.248 Requested URL:...
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More on distinguishing ideas and interests — an exchange with Peter Hall
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Has Global Finance Reformed Itself More Than It Appears?
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Telling interests and ideas apart
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My Twitter account has been hacked
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The Economics Debate, again and again
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Taking a Crack at Neoliberalism
Global Economic Intersection
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Macroprudential Tools, Capital Controls, And The Trilemma: Insights From The Bretton Woods Era
Posted on 19 June 2018 from Voxeu.org -- this post authored by Eric MonnetIn the Bretton woods system, capital controls ensured the independence of monetary policy. This column argues that it is impossible to understand how they worked without understanding their role in supporting credit controls at the time, which were used to fight inflation without raising the domestic interest rate. This may be relevant today in emerging markets in which...
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The Pension Train Has No Seat Belts
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GLS Shackle And The Link Between Theology And Marginalist Economics
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Tax Evasion And Inequality
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Debt Clock Ticking
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Krugman At The Rethinking Economics Conference: Still Wrong On Monetary Theory
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Why Is Inflation Stuck So Low?
Casey Mulligan: Supply and Demand
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Inflation has little to do with the Unemployment Rate
Copyright, TheHill.comThe April unemployment rate, released Friday, showed the headline unemployment rate below 4 percent, which has rarely happened in the past 48 years. But a low unemployment rate does not necessarily mean high inflation.A conventional wisdom, sometimes known as the Phillips curve, holds that low unemployment creates inflation as employers increasingly bid against each other for workers and pass on some of their labor costs...
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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
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Honey, I Shrank the Economic Pie
Bradley A. Hansen’s Blog
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How I Became a Business Historian (a bit of shameless self-promotion)
Yesterday, the June issue of Enterprise & Society, the journal of the Business History Conference, arrived, and my paper Trust Company Failures and Institutional Change in New York, 1875–1925. Enterprise & Society 19, no. 2 (2018): 241-271, is the lead article. And Larry Neal emailed me to tell me how much he liked the paper. I was think about how I came to write that paper because I did not plan to be a business historian, but...
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Was Slavery Central to American Economic Development?
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Podcasts I Listen To
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Free and Unfree Labor: The Political Economy of Capitalism, Share-Cropping, and Slavery
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Economic & Business History Society
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Industrial Revelations
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Stop Telling Kanye to Read Ed Baptist
Managerial Econ
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What is the elasticity of demand for Whole Foods?
After Amazon bought Whole Foods, there was increase in foot traffic (a proxy for sales): Whole Foods’ foot traffic has increased roughly 3% year over year in each of the quarters since Amazon bought the chain, according to an analysis by Thasos Group, which uses mobile-phone location data to determine trends. That came after two straight years of stagnating sales at the chain before the deal. Higher foot traffic improves a retailer’s...
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Shirking Level 100
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CompetitionToolBox.com
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MoviePass, Bundling and Adverse Selection
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The hidden benefit of Corporate Social Responsibility
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Markets for blood
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Squeezing Scalpers is Backward Integration
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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2017 trade surplus/deficit by state
Trade policy is a hot topic right now with the global system clearly moving away from a more open system to a more closed system rife with tariffs and retaliatory tariffs, and I am sure pre-emptive retaliatory tariffs (if you see this out there I claim ownership of the term). Rather than some abstract reasoned argument, which typically favors free trade in my opinion, I thought we should look at the data. I know, I know. What do I hope to...
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Grand Forks Economic Development (or the Chicken and the Egg Problem)
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Is Grand Forks Retail Symptomatic of the Future for the US?
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Fertility and Employment-Current Research
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Grand Forks Sales Tax Forecast, May 2018
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Retail Sales and the Dependency Ratio
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Dependency ratio by county
Josh Hendrickson: Everyday Economist
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In Memory of John Murray
This post is a bit different than normal. Most of my posts are about the minutiae of economic theory or controversies. Today’s post is personal. All of us in academia have a number of important people who have helped us in our intellectual journey and career. I have been fortunate enough to have a number of such people in my short career. One of these people was John Murray. I first met John as an undergraduate. At the time I was a history...
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The Phillips Curve and Identification Problems
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A Theory of Tariffs as a Method of Promoting Long-Run Free Trade
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On Prediction
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Allan Meltzer
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The Quantity Theory of Money: Lessons from Sweden’s Age of Freedom
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The Phillips Curve, Again
Leisure of the Theory Class
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A New Business Idea
A New Business Idea June 16, 2018 in Auctions, market design, Pricing strategies, Uncategorized Apparently, it is quite the rage to festoon one’s slides with company logos, particularly of the frightful five. At present this is done for free. It suggests a new business. A platform that matches advertisers to faculty. Faculty can offer up their slides and advertisers can bid for the right to place their logos on the slides.
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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
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Medawar’s Test
Timothy Taylor: Conversable Economist
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Interview with Marianne Bertrand: Inequality, Gender Norms, Skills
Douglas Clement has an "Interview with Marianne Bertrand," subtitled "University of Chicago economist on the glass ceiling, implications of growing inequality and the trouble with boys" (The Region, Federal Reserve Bank of Minneapolis, online June 19, 2018). Here are a few of the comments that especially stuck with me, but there's more at the interview.The Gender Norm that Men Should Out-earn Women in Married Couples...
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Thaler on the Evolution of Behavioral Economics
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Autonomous Vehicles: Here’s One Crystal Ball
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G-7, G7+, G20
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Bangladesh Reaches Middle Income Status
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Blood Plasma: US Paid Donors Dominate Global Market
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US Intergenerational Mobility: An International Perspective
Econbrowser
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Econbrowser 1970-01-01 00:00:00
[unable to retrieve full-text content]
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As a Social Scientist, I Thank Mr. Trump: Trade Policy Edition
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Round Two for US-China Trade?
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What Does This Mean? Trump asks USTR to…”identify $200 billion in Chinese goods for additional tariffs at 10% rate”
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Just Implementing Laws, and Following Orders, June 18, 1944
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Explaining the Soybean Selloff: Ag Conditions, the Dollar, or Tariff Fears?
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Guest Contribution: “Protectionism Is Nothing New for Republicans”
Tim Harford: Undercover Economist
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Bread, Brexit, and the power of the third option
Bread, Brexit, and the power of the third option Written for and first published in the Financial Times on 18 May 2018. Imagine that you sell bread-making machines. Your task is complicated by the fact that most people have only a hazy grasp of what a bread-making machine does, let alone the joys and sorrows of owning one. Nevertheless, there is a simple trick that will help these machines to fly off your shelves: next to what seems to...
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Why it’s important to gather the evidence – but easy to forget it even then
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The best economics podcasts in 2018
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Cheap innovations are often better than magical ones
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Speeches in London
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How much would I have to pay you to quit Facebook?
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The world is not as gloomy, or wonderful, as you may think
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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Cultural proximity and loans
In many, many cases, people have a preference for working and doing business with those who share the same religious beliefs, come from the same geographic region, or have something else in common. If this preference arises from discrimination against other groups – if there is economically inefficient favoritism – the economy will not reach its full potential. But could there also be efficiency gains from transacting with people who are...
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Do larger health insurance subsidies benefit patients or producers? Evidence from Medicare Advantage
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China’s hidden shipbuilding subsidies and their impact on its industrial dominance
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Absolute poverty: when necessity displaces desire
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Marital choices and widening economic inequality
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Infrastructure investment and regulation: evidence from the US electricity distribution sector
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How the MillerCoors joint venture changed competition in U.S. brewing
Carola Binder: Quantitative Ease
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Snapshot of the Publication and Review Process as an Assistant Professor
I have just completed my third year as an Assistant Professor. I have kept a spreadsheet for the three years of all of my journal submissions and the results (desk reject, referee reject, revise and resubmit, or accept, with dates for nearly everything). I had almost no idea what the publication process would be like when I finished grad school, and would have loved to see such a spreadsheet. So I thought I'd share some summary statistics in...
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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?
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Consumer Inflation Uncertainty Holding Steady
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Is Taylor a Hawk or Not?
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Cowen and Sumner on Voters’ Hatred of Inflation
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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Storing resources for the future
In this week's NBR, I made the case for storing materials until it proves economical to recycle them. I think that is consistent with Auckland Council's declared zero-waste mission. Think about bauxite deposits. Some of those deposits are economical to mine now for aluminium production; some may become worth mining in the future. It would be a mistake to try and pull all of the bauxite out of the ground today just because somebody doesn't like...
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Sunday Star-Times on sugar
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Australia really sucked in the 70s
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Gotta adjust for population
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Blowing a gaping hole in the Asylum Wall
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Krueger!
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Telling the truth about supply management
T. Cowen: Marginal Revolution
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*High Growth Handbook: Scaling startups from 10 to 10,000 people*
Edited, produced, and partly written by Elad Gil, the book is also a series of interviews with Marc Andreessen, Sam Altman, Patrick Collison, Reid Hoffman, Keith Rabois, Naval Ravikant, and others. Marc Andreessen says: If you don’t start layering in HR once you’ve passed 50 people on your way to 150, something is going to go badly wrong. Claire Hughes Johnson (COO of Stripe) says: When I came into Stripe, I had a similar document. I wrote a...
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My Conversation with Elisa New
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South Korea North Korea fact of the day
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Claims about British and American English
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Will AI blur the difference between private and public sectors?
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Debating Space
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Madagascar fact of the day
Jared Bernstein: On the economy
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Q&A on that crazy G7 meeitng: Trump, Trade, Tariffs, and Trouble
Trump at the G7 meeting? What could go wrong? Apparently, his Orangeness gave the leaders of the free world a heavy dose of peak Trump this Saturday at the G7 meeting. Basically, nothing newsworthy is supposed to happen at these meetings. The leaders spend a day or two together discussing mutual interests, and at the end of the summit, they release an anodyne statement renewing their vows to work together to promote cooperation and trade. Not...
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Catching up with the lynx
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May Jobs: Another solid month; Lowest black unemployment rate on record; Wage growth ticks up for mid-wage workers.
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The question of full employment and music from room 608
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The challenges raised by the future of work look a lot like the same ones we’ve always wrestled with.
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A Multitude of Lynx
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Republicans’ “Jobs Gap” is a misleading measure that means nothing.
Simon Wren-Lewis
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How Broadcasters should handle the Prime Minister lying
This post is about the Brexit Dividend and how broadcasters should treat it. However I want to start with an extreme case: Donald Trump. He is the right place to start because he became POTUS in good part because of how the media treated him and his opponent. He gained publicity by saying outrageous things. That increased his poll rating, so he started getting favourable coverage because his poll ratings were going up. (I explain how this...
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The bankruptcy of the centre right: Brexit edition
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How UK deficit hysteria began
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Parliament has to start directing the Brexit negotiations
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Amendment wars and Corbyn wars
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Idée fixe
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A Euro Tragedy
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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Republicans grouse about tax models they once supported
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Why scan-reading artificial intelligence is bad news for radiologists
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Richard Thaler’s work demonstrates why economics is hard
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The Nobel in economics rewards a pioneer of “nudges”
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Bitcoin is fiat money, too
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The case against shrinking the Fed’s balance-sheet
Worthwhile Canadian Initiative
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The Parable of the Fruit Trees
The apple producer produces apples. The banana producer produces bananas. The cherry producer produces cherries. Every year they always work exactly the same number of hours and produce exactly the same quantity of fruit. If you define "recessions" as a decline in output and employment, there cannot be a recession in this economy. By assumption. But suppose the apple producer prefers eating bananas; the banana producer prefers eating...
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A gnomic theory of higher education
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Project Link update
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Public Debt: A Global Perspective
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Gross Domestic Income in Canada, 1947-2018
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The macroeconomics of Stanley Cup dynasties
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A very simple model of too much city
Miles Kimball
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Oxford University Anthropology and Ethnography Podcasts—Including Many on Diet
Description Podcasts from the School of Anthropology and Museum Ethnography. The School is renowned for its contributions to anthropological theory, its commitment to long-term ethnographic fieldwork, and its association with the Pitt Rivers Museum and the anthropology of visual and material culture. Home to over forty academic staff, over a hundred doctoral students, twelve Master’s programmes, and two undergraduate...
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Our Delusions about ‘Healthy’ Snacks—Nuts to That!
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Eric Weinstein: Genius Is Not the Same Thing as Excellence
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The Social Contract According to John Locke
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Christopher Bell: Bring On More Female Superheroes
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Nathan Waters—Driverless Hotel Rooms: The End of Uber, Airbnb and Human Landlords
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Martin A. Schwartz: The Willingness to Feel Stupid Is the Key to Scientific Progress
FT Alphaville
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Kaminska Live: June 20, 2018
3:04 pm DM3:05pmHello, hello Jemima Kelly Hello! Cat in a box Hello. I think we are alone. Cat in a box Treasury Select Committee seems to be late. DM3:06pmWelcome to the thing with the words, a special edition of Markets Live to collectively watch an evidence session of a parliamentary committee DavidM Slow...
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Crypto-courting in Kaliningrad
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Markets Live: Wednesday, 20th June, 2018
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Join us for Kaminska Live at 3pm, a Parliament TV watching party
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Further reading
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Mining for Bitcoin in a remote Russian outpost
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Don’t blame it on the sunshine
Greg Mankiw
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Why Aren’t More Men Working?
Click here to read my column in Sunday's New York Times.
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What a Sensible President Sounds Like
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On Tariffs, Blame Congress Too
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Open Letters from Economists
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Digital Textbooks
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A T-shirt for the Times
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What I’ve Been Watching
John Cochrane’s blog
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Different Planets
A friend, who reads an unusually diverse set of sources, passed on some interesting pictures suggesting that our media live on different planets.On the Trump-Kim summitOn the investigations:
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Cross-subsidies
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Summer School Suggestion
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ACA dropouts
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Lessons of the ELB
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Jitters
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Alexander Hamilton’s solar panels
Peterson Institute
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The Fed Signals a Tiny Tightening
As was widely expected, the Federal Open Market Committee (FOMC) raised the target for the federal funds rate by 0.25 percentage point to a range of 1¾ to 2 percent at its June meeting. This was the second hike in 2018. The FOMC remains closely divided on whether it is likely to raise rates a total of three or four times this year, and only one participant's changed projection was enough to push the median from three to four hikes. The...
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Spain and Italy: Roads Taken and Not Taken
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Deconstructing CEA Estimates of US Tax Cuts Spillover Effects
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Why Have Employment Rates in the United States Lagged Other Countries?
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Still No Inflation Puzzle
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Italy Heads for Confrontation with Itself, Financial Markets, and Europe
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Macron’s Outsized Role in European Governance in 2019
Ben Bernanke at Brookings
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Temporary price-level targeting: An alternative framework for monetary policy
By Ben S. BernankeLow nominal interest rates, low inflation, and slow economic growth pose challenges to central bankers. In particular, with estimates of the long-run equilibrium level of the real interest rate quite low, the next recession may occur at a time when the Fed has little room to cut short-term rates. As I have written previously and recent research has explored, problems associated with the zero-lower bound (ZLB) on interest...
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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?
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Why Dodd-Frank’s orderly liquidation authority should be preserved
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Shrinking the Fed’s balance sheet
David Andolfatto: Macro Mania
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Inflation and Unemployment (Part 2)
In my previous post (Inflation and Unemployment), I reviewed what I thought was a fair characterization of the way the Federal Reserve Board staff organize their thinking about inflation and unemployment, as well as how this view of the world was at least partly responsible for the "hawkish" overtone of current Fed policy. I also suggested that the inflation and unemployment dynamic might be better understood through the lens of an...
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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
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U.S. GDP Expenditure Components
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Fiscal theories of the price-level
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Blockchain: what it is, what it does, and why you probably don’t need one
Macro and Other Market Musings
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The Treasury Yield Curve Blues
The Fed needs to start worrying more about the flattening treasury yield curve. Bloomberg is reporting that bond traders are getting ready for a yield curve inversion as soon as next week. One fixed income manager quoted in the article had this to say: If the Fed decides to move more this year, I think it’s inevitable that the curve inverts and I think it will be a mistake,” said Colin Robertson, managing director of fixed income at...
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The People’s Fed Chair
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Optimal Monetary Policy For the Masses: the James Bullard and Larry Summers View
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The Sovereign Money Blues
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A Tale of Three Nominal GDP Growth Paths
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What Can Argentina Teach Us about the Phillips Curve?
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The U.S. Mortgage Market: Chart Edition
John B. Taylor
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Still Crazy After All These Years—And What About the Next 50
Yesterday I was talking to a friend in my office about the great benefit to students from writing undergraduate honors theses in their senior year. I have long advised students to do so, perhaps because of the rewarding experience I had years ago. It got me thinking, so I pulled my undergraduate thesis off the shelf, and I noted that it was dated April 5, 1968–submitted exactly 50 years ago to the day. The thesis was all about policy rules,...
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Favorite Economics April Fools Day Jokes on Twitter
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Monetary Policy Getting Back on Track
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A Better Way to End Big Bank Bailouts
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Application Deadline Approaching for Free Public Policy Program
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Unique Cooperative Research Effort
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The Fed’s Inflation Target and Policy Rules
Roger Farmer’s Economic Window
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Lend Me Your Ears: Friedman and The Role of Financial Policy
I was invited by Matías Vernengo, Co-Editor of the Review of Keynesian Economics, to write a paper, 'The Role of Financial Policy' in honour of the 50th anniversary of Friedman's Presidential Address to the American Economic Association. The Review will be publishing a special edition later this year and I am honoured to be writing in the ...
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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
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Large Scale Econometric Models: Do they Have a Future?
Jeffrey Frankel’s Blog
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Protectionism is Nothing New for Republicans
June 16, 2018 — Critics of President Trump’s aggressive trade policy have mostly gotten it right. His tariffs cause economic damage at home – raising the cost of living for American consumers, hurting industry, and taking foreign sales away from farmers and other exporters. Moreover the threats have been deployed erratically across trading partners and across time in ways that seem calculated to discourage cooperation with the US and rather...
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The “G-6 vs. 1” Summit
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Trump’s On-Again Off-Again Trade War with China
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An Economic Platform for the Democrats
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Seven reasons China won’t yield in Trump’s trade war
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Trump’s Steel Tariffs
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Can Technology Hurt Productivity?
Brad Delong, Berkeley
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Imprisonment by Malthus and “Negative Liberty”: Outtake from Slouching Towards Utopia: An Economic History of the Long 20th Century
At the start of the Long 20th Century John Stuart Mill, Britain’s leading economist, leading moral philosopher, and one of its leading imperialists and rulers of the empire as a former India Office bureaucrat, was putting the finishing touches on the final edition of the book that people then looked to to learn economics: Principles of Political Economy, with Some of Their Applications to Moral Philosophy. His book and his thought gave due...
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Grasping Reality with Both Hands: bradford-delong.com: 2018-06-16 14:10:40
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Yes: Last Fall the Unprofessional Republican Economists Were Lying About Corporate Taxes, Investment, and Growth. Why Do You Ask?
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The Damnation of the Professional Republican Policy Intellectuals
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The Last Financial Crisis of the Nineteenth Century: Hoisted from the Grasping Reality Archives from Ten Years Ago
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Grasping Reality with Both Hands: bradford-delong.com: 2018-06-13 19:36:50
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Grasping Reality with Both Hands: bradford-delong.com: 2018-06-09 21:25:35
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
