Top authors
What is new?
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Mom’s Time
9 hours agoDan Hamermesh always takes on the fun projects. A decade ago, he did a pile of work looking at returns to beauty. Now, he's looking at time-diary data. Here's the abstract from his latest at NBER. Using time-diary data from the U.S. and six wealthy European countries, I demonstrate that non-partnered mothers spend slightly less time performing childcare, but much less time in other household activities than partnered mothers. Unpartnered...
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Insurrections are contagious
17 hours ago -
Crypto finally becomes bigger than . . . the world
18 hours ago -
Thursday assorted links
20 hours ago -
What puzzles and poker teach us about misinformation
21 hours ago -
Tesla is asked to recall 158,000 cars in the US over touchscreen issues
22 hours ago -
The Magical Extra Doses and Supply Chain Optimization
1 day ago
Brad Delong, Berkeley
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Graydon: COVID Evolving: Comment—Noted
2 days ago...Viruses are too simple to have multiple enzymes for different temperature ranges. (This is why lizard genomes are generally larger than mammal genomes; the mammal needs the enzymes for its stable body temperature. The lizard needs a range of enzymes for a range of temperatures. Viruses don't have the room; they've got one set of enzymes at most, often a partial set that relies on specific cellular machinery.) So bat viral diseases tend to...
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Briefly Noted for 2021-01-11
4 days ago -
Brad DeLong: Worthy reads on equitable growth, January 1–11, 2021
4 days ago -
Briefly Noted for 2021-01-09
6 days ago -
Weekend reading: Improving job quality and labor standards in 2021 edition
7 days ago -
Grasping Reality by Brad DeLong 2021-01-08 16:12:10
7 days ago -
Equitable Growth’s Jobs Day Graphs: December 2020 Report Edition
7 days ago
Bradley A. Hansen’s Blog
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2020 Some Thoughts on the Year in American Economic History
13 days ago1. Was Fogel wrong? Hornbeck, Richard, and Martin Rotemberg. Railroads, reallocation, and the rise of American manufacturing. No. w26594. National Bureau of Economic Research, 2019. Here is an attempt to explain the argument to a wide audience. The NBER working paper came out last year but the paper started getting more attention this year and was presented at the meeting of the Economic History Association. Fogel...
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The Use of Models in Economics and Business History: An Appreciation of Maggie Levenstein
28 days ago -
Thaler and Twitter on Auctions and Nudges
December 9, 2020 -
The Green Books and American Economic History
November 24, 2020 -
Amazon and Sears
November 11, 2020 -
Recent podcasts related to economic history
July 30, 2020 -
Bankruptcy Law and the Pandemic
April 28, 2020
Casey Mulligan: Supply and Demand
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Parler Competes Horizontally with Amazon, Apple, and Google?
2 days agoParler is a microblogging platform that was cut off from the internet by its web hosting service, Amazon. Almost as drastic, Apple and Google took steps to prevent the use of Parler on their mobile operating systems. Unlike Twitter, Amazon, Apple and Google do not describe themselves as microblogging platforms. At first glance, these would seem to be vertical (i.e., supply chain) relationships with no potential to harm competition. ...
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Updates on Parler’s War with Big Tech
3 days ago -
White House Attitudes toward “Screening Agencies” (looking at you FDA)
12 days ago -
How Economics Helped End a Pandemic
28 days ago -
Look at Article II of the Constitution before Censoring Trump
November 7, 2020 -
Canaries in the Coal Mine
November 4, 2020 -
Do Election Forecasts Suffer from a Lack of Economics?
October 31, 2020
Dani Rodrik’s weblog
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Economics’ race (and other) problems
June 13, 2020There’s been much discussion in recent days about Economics’ race problem. Some of what has come out is quite disturbing. I have not said much, but I have listened and thought. Here are a few reflections I want to add. It doesn’t surprise me that the field, as a whole, reflects the ingrained attitudes and practices of the society of which it is part. But there are some features of the discipline that magnify and aggravate the problem. First,...
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Announcing the US-China Trade Policy Working Group
October 27, 2019 -
Follow my commentary
August 13, 2019 -
Some (very brief) words for graduates
July 29, 2019 -
Economics for Inclusive Prosperity (EfIP)
February 15, 2019 -
Economists’ statement in support of Atif Mian
September 11, 2018 -
My preface to Santiago Levy’s Book: Under-Rewarded Efforts — The Elusive Quest for Prosperity in Mexico
June 25, 2018
David Flynn: Barter is Evil
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Barter is Evil 1970-01-01 00:00:00
18 days ago[unable to retrieve full-text content]
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Home Prices and Income
29 days ago -
Grand Forks Sales Tax Data
November 20, 2020 -
ND COVID Update
November 20, 2020 -
ND Labor Markets
November 12, 2020 -
ND County COVID Update, 11 November 2020
November 12, 2020 -
ND State COVID Update, 11 November 2020
November 12, 2020
Econbrowser – James Hamilton
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Spreads and Risk over the Past Week (and Months)
4 days agoI’ve been amazed at how little the last week’s political turmoil has shown up in financial markets. The only thing that seems to have moved anything is the apparent control of the Senate moving to the Democrats. Figure 1: 10yr-3mo Treasury spread, % (blue, left scale), VIX (green, right scale), and Economic Policy Uncertainty (EPU) index divided by 10 (brown, right scale). 1/11 observation for 2/30 EST. Light blue dashed line at 11/3...
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The Strong Dollar Debate, Yet Again
5 days ago -
“Richard Cooper, cutting-edge economist”
6 days ago -
Winning (per Trump Dictionary)! US-China Trade
7 days ago -
Downside Employment Surprise and Business Cycle Indicators as of January 8th
7 days ago -
A Darkening Short Term Outlook
7 days ago -
The Trade Deficit Surges
8 days ago
David Andolfatto: Macro Mania
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David Andolfatto on Central Bank Digital Currencies (CBDC)
November 21, 2020Paul Buitink talks to St. Louis Fed economist David Andolfatto about Central Bank Digital Currencies (CBDC). What are they, do we need them at all and can will they co-exist with crypto-currencies. A deep dive into design, pros and cons. Follow David at: https://twitter.com/dandolfa Follow Paul at: https://twitter.com/paulbuitink
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Cochrane on debt II
September 9, 2020 -
Cochrane on why debt matters
September 8, 2020 -
The Spirit of St. Louis: A View from Inside the Fed (w/ Pedro da Costa and David Andolfatto)
July 31, 2020 -
Why the Fed Should Create a Standing Repo Facility
June 24, 2020 -
Kalecki on the Political Aspects of Full Employment
February 6, 2020 -
[INTERVENTION] DAVID ANDOLFATTO RELIGION ET ROYAUTÉ DANS L’OUEST DU NÉPAL (XIIe et le XVIe siècle)
November 27, 2019
Worthwhile Canadian Initiative
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100 million is a really big number: a review of Doug Saunders’ Maximum Canada
10 days agoThe following is a guest post by Mikal Skuterud, professor of economics at University of Waterloo Despite my interest in Canadian immigration policy, I’ve been hesitant to read Doug Saunders’ latest book Maximum Canada: Toward a Country of 100 Million. The idea that the solution to Canada’s economic challenges is more people, and a lot more people, seems naïve. In hindsight, I waited too long. Saunders’ account of Canada's immigration history...
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Loanable Funds Redux
13 days ago -
Presidents: do you get what you pay for?
November 2, 2020 -
Can the Great Barrington proposal save the economy?
October 29, 2020 -
Two Price-setting Monopolists Meet in the Street
October 21, 2020
Tim Harford: Undercover Economist
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What puzzles and poker teach us about misinformation
21 hours agoHere’s a holiday quiz question for you: what do puzzles, poker, and misinformation have in common? The answer is at the bottom of this column. Let’s try an easier question first. In Santa’s workshop, if it takes five elves five minutes to wrap five presents, how long does it take 50 elves to wrap 50 presents? You probably know the answer to that one; it follows a classic formula for a trick question. But as you groped towards the correct...
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In praise of the humble products all around us
8 days ago -
Gaming inspiration
10 days ago -
My New Year’s resolution
15 days ago -
Things (I think) I was wrong about this year
15 days ago
Timothy Taylor: Conversable Economist
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Facing the Long-Term Problem of Low Interest Rates
4 days agoInterest rates have been declining for several decades, both in the US economy and around the world. Why has this happened, what problems is it causing, and what monetary and fiscal policy responses might be appropriate? Elga Bartsch, Agnès Bénassy-Quéré, Giancarlo Corsetti and Xavier Debrun tackle many of these issues in "It's All in the Mix: How Monetary and Fiscal Policies Can Work or Fail Together" (December 2020, Geneva Reports...
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Some Economics of the Middle Class
9 days ago -
Will Population Fall for Many Countries–and the World?
10 days ago -
The Curse of Knowledge: Bad Writing, Bad Teaching, and Bad Communication
11 days ago -
The Planning Fallacy or How I Ever Get Anything Done
14 days ago -
Lessons from World War II Statisticians: Survivorship Bias and Sequential Analysis
15 days ago -
Thomas Sowell on Editors and Writing
16 days ago
S. Sumner: Money Illusion
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All I’ve got left is hatred
2 days agoFor there is nothing good or bad, but thinking makes it so. — Epictetus Seriously, are you telling me that within a 12-month period I must:1. Root for Joe Biden to be elected president?2. Root for the Lakers to win the NBA title? Apparently so. PS. Trade Kyrie for Russ. I want to see what OKC would have looked like if they’d stayed together. Tags:
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You can’t handle the truth!!
2 days ago -
The youth are our future
3 days ago -
Robert Hetzel on the Fed’s new policy
4 days ago -
GOP congressmen voted to abolish democracy in America out of fear that Republicans would murder their families
4 days ago -
No, the GOP has not yet hit rock bottom
5 days ago -
It’s still Trump’s party
5 days ago
T. Cowen: Marginal Revolution
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Insurrections are contagious
17 hours agoThat is the topic of my current Bloomberg column, here is one bit: Put aside U.S. politics for a moment and view the events of the last week from a global perspective. Without backing from the military, a crowd entered the Capitol building and disabled the U.S. Congress, and almost succeeded in achieving more violent goals yet. The question is not what people should infer, or what most people will think. It’s what the people at the extremes...
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Thursday assorted links
20 hours ago -
The Magical Extra Doses and Supply Chain Optimization
1 day ago -
What should I ask Sarah Parcak?
1 day ago -
The volatility of events is correlated (and not always in a good way)
1 day ago -
Fact of the day, get to those rooftops!
2 days ago -
Wednesday assorted links
2 days ago
Simon Wren-Lewis
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Trump tries to incite a putsch, and his UK cheerleaders reveal their own contempt for democracy
4 days agoIt appears as if the Facebook ban on referencing this blog has been lifted. Many thanks to all those who complained to Facebook. I doubt I will ever know who persuaded them to ban it. Would be democratic dictators, elected heads of state who want to ensure they can never lose an election, should know the first rule to staying in power. It is to control a sufficient amount of the media. Convincing your faithful that the mainstream media is fake...
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Why the UK’s COVID crisis should be personal for so many Tory voters
11 days ago -
It is inevitable that Labour in opposition will not be a champion of social liberalism
17 days ago -
Brexit may be pointless, but it will be with us for some time
December 15, 2020 -
If the UK government fails to do a deal over unfair competition it is not because of UK sovereignty. It’s because of crazy stupidity.
December 11, 2020 -
mainly macro 2020-12-08 09:33:00
December 8, 2020 -
Fiscal policy during and after the coronavirus pandemic
December 1, 2020
Seldomly
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Innovation in the global firm
10 days agoSummary Multinational corporations are among the most innovative firms in the world. Although they are defined by their geographically fragmented production processes, the innovation that they carry out is comparatively concentrated, with a large share of them pursuing innovation investment mainly in one ‘headquarters’ country. A new study analyzes data on the global operations of...
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More Precise Regulation can Lower Pollution in India
25 days ago -
How acquisitions affect firm behavior and performance: Evidence from the dialysis industry
December 9, 2020 -
The Return to Protectionism
December 2, 2020 -
What Medicare Part D Teaches Us About Social Insurance Markets
November 25, 2020 -
Poor Little Rich Kids? The Role of Nature versus Nurture in Wealth and Other Economic Outcomes and Behaviors
November 6, 2020 -
Who Profits from Patents? Rent-Sharing at Innovative Firms
October 21, 2020
Roger Farmer’s Economic Window
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Self-Fulfilling Prophecies, Quasi-Non-Ergodicity and Wealth Inequality
29 days agoWhy is Jeff Bezos worth $200,000,000,000 while the median American has net assets of just $121,000? In a new working paper, co-authored with Jean-Philippe Bouchaud of the Collège de France, we argue that the vast inequalities we see in the world distribution of wealth are deeply connected to a somewhat esoteric concept from the theory ...
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Roger Farmer’s Comments On The Natural Rate Of Unemployment — Brian Romanchuk
November 19, 2020 -
A Journey Through the Evolution of My Ideas
November 9, 2020 -
Roger Farmer explains his new paradigm: Keynesian Search Theory
November 9, 2020 -
Roger Farmer explains what’s wrong with modern macroeconomics
November 9, 2020 -
Roger Farmer’s Work: A Bridge Between Heterodoxy And The Mainstream? — Brian Romanchuk
November 9, 2020 -
Roger farmer
August 23, 2020
Project Syndicate
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Harvard Profesörü Dani Rodrik ile Boğaziçi Rektör Ataması Hakkında
2 days agoBoğaziçi Üniversitesine yapılan politik atama ile ilgili dünyanın en iyi üniversitelerinin akademisyenleriyle söyleşi yaptık. İkinci konuğumuz: Prof. Dr. Dani Rodrik. Prof. Dr. Dani Rodrik, Robert Koleji'nden mezun olduktan sonra sırasıyla Harvard Üniversitesinden lisans ve yüksek lisans, Princeton Üniversitesinden doktora derecelerini almıştır. 1992-1996 yıllarında Columbia Üniversitesinde ekonomi profesörlüğü görevinden sonra, Harvard...
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How Companies Should Leverage Digitization
3 days ago -
The Effort to Disqualify Trump Is Worth It
3 days ago -
Xi Jinping’s Strategic Overreach
3 days ago -
Can America Lead Again?
3 days ago -
A New “Year Zero”
3 days ago -
America Is the New Center of Global Instability
3 days ago
Paul Krugman
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El asalto al Capitolio comenzó a fraguarse hace décadas
2 days agoUn aspecto sorprendente del putsch (golpe de Estado en alemán) en el Capitolio fue que ninguna de las demandas de los asaltantes estaba afincada en la realidad.No, la elección no fue robada, no hay evidencia de un fraude electoral significativo. No, los demócratas no forman parte de una conspiración pedófila satánica. No, no son marxistas radicales, incluso, en cualquier otra democracia occidental, se consideraría que el ala progresista del...
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The Economic Consequences of the Putsch: Why Are Markets Optimistic?
3 days ago -
This Putsch Was Decades in the Making
3 days ago -
Cinderella (Elizabethan Era Version) by Paul Krugman Book Concept Trailer
4 days ago -
Paul Krugman Fiat money is backed by men with guns
7 days ago -
Appeasement Got Us Where We Are
7 days ago -
Brattleboro Literary Festival: Politics and Policies with Paul Knugman and Sarah Chayes
8 days ago
Noah Smith
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Noahpinion has moved to a new website!
November 24, 2020Well folks, it's been a fun 10-year run at this little website. I'm moving on to a new platform: Substack! Here's the new Noahpinion:https://noahpinion.substack.com/Thanks for reading, and hope to see you at the new site!
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Rabbit = Good Friend (or, how to take care of rabbits)
July 23, 2020 -
Why Kevin Williamson is wrong about poverty and bad behavior
August 4, 2019 -
The Middle Eastern Thirty Years War?
June 20, 2019 -
Examining an MMT model in detail
April 1, 2019 -
Where should Americans live if they live abroad?
March 30, 2019 -
Guest post: Roy Bahat on Uber, Lyft, and the future of work
March 28, 2019
Offsetting Behaviour
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Mom’s Time
9 hours agoDan Hamermesh always takes on the fun projects. A decade ago, he did a pile of work looking at returns to beauty. Now, he's looking at time-diary data. Here's the abstract from his latest at NBER. Using time-diary data from the U.S. and six wealthy European countries, I demonstrate that non-partnered mothers spend slightly less time performing childcare, but much less time in other household activities than partnered mothers. Unpartnered...
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Cleansing the Twitters
4 days ago -
Boat race people and MIQ
24 days ago -
Improved Covid-leave
28 days ago -
Who would you have picked to run the Productivity Commission?
29 days ago -
No room at the MIQ
December 16, 2020 -
For a carbon dividend
December 15, 2020
Microeconomic Insights
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Innovation in the global firm
10 days agoSummary Multinational corporations are among the most innovative firms in the world. Although they are defined by their geographically fragmented production processes, the innovation that they carry out is comparatively concentrated, with a large share of them pursuing innovation investment mainly in one ‘headquarters’ country. A new study analyzes data on the global operations of...
Read more » -
More Precise Regulation can Lower Pollution in India
25 days ago -
How acquisitions affect firm behavior and performance: Evidence from the dialysis industry
December 9, 2020 -
The Return to Protectionism
December 2, 2020 -
What Medicare Part D Teaches Us About Social Insurance Markets
November 25, 2020 -
Poor Little Rich Kids? The Role of Nature versus Nurture in Wealth and Other Economic Outcomes and Behaviors
November 6, 2020 -
Who Profits from Patents? Rent-Sharing at Innovative Firms
October 21, 2020
Miles Kimball
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Tiktok of Econolimerick #2
2 days agoI hope you like the tiktok above. It is a duet with my former intermediate macro student Taylor McCoy, who devotes her tiktok channel to tiktoks about economics. Here are links to all of my econolimericks so far (not all of which have TikToks yet):
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Being of Normal Weight Seems to be More Protective against Cardiovascular and Heart Disease than against Cancer
3 days ago -
Tiktok of Econolimerick #1
4 days ago -
The Federalist Papers #22 C: Pillars of Democracy—The Judicial System, Military Loyal to the Constitution, and Police Loyal to the Constitution
5 days ago -
Matthew Sedacca: To a Cigarette Maker, Your Life Is Worth About $10,000
7 days ago -
2020’s Most Popular Posts
8 days ago -
Claudia Sahm on Exciting Research from Young Macroeconomists
9 days ago
Miles Corak: Economics for public policy
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An Employment Insurance system for the 21st century
October 30, 2020The 2020 Speech from the Throne boldly claims that “This pandemic has shown that Canada needs an [Employment Insurance] system for the 21st century, including for the self-employed and those in the gig economy.” That is a tall order, a major overhaul of a complicated program in the span of the next couple of months, with little or virtually no consultation of stakeholders or engagement of experts outside of the government. Will Minister...
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Employment Insurance reform that promotes agency
October 19, 2020 -
Social Policy, Now: Next steps for income support and income insurance in Canada
September 1, 2020 -
Inequality from the Child’s Perspective: Social mobility in pandemic times
August 17, 2020 -
The COVID19 pandemic is a threat to social mobility, as children in disadvantaged families will face more challenges in adulthood
June 19, 2020 -
The Canada Emergency Response Benefit, what now? Government policy as the economy re-opens should be rules-based
May 19, 2020 -
Business cycles and the unemployment rate
May 11, 2020
Mark Thoma
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32+ Years…
December 13, 2019
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Thread
November 28, 2019 -
Links (11/06/19)
November 6, 2019 -
Links (10/31/19)
November 1, 2019 -
Links – Catching Up (Part 2)
October 29, 2019 -
Links – Catching Up (Part 1)
October 29, 2019 -
Thread
October 26, 2019
Managerial Econ
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Good early signal from the Biden administration: First doses first!
6 days agoMarginalRevolution reports that the Biden administration will release all the available doses of COVID vaccine, essentially over ruling the bureaucrats at the FDA, to vaccinate twice as many people with a half dose!The expected benefit of a one-dose regime is millions of lives!This is a good harbinger of decision-making under the new administration,
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Violence, Institutions and the Rule of Law
7 days ago -
Are the FDA’s incentives aligned with the goals of the people?
9 days ago -
More Notice and Minor Accolades
10 days ago -
FB/Insta/WhatsApp
December 11, 2020 -
Casinos Profit with Game Theory
December 4, 2020 -
RIP: Walter Williams
December 3, 2020
Macro and Other Market Musings
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Storytelling: Friday Chart Edition
November 20, 2020I have not posted here in awhile, so I thought it would be good to share a few recent charts that tell interesting stories.Central Bank Balance SheetsFirst up, are two charts that show the relationship between the size of the central bank balance sheets and inflation rates. The first one shows for the 2010-2019 period the average size of central bank balance sheets as a percent of NGDP plotted against the average core inflation rate. Since...
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Jay Powell and Dual Interest Rates
September 3, 2020 -
Jay Powell and Dual Interest Rates
September 3, 2020 -
The Fed’s New Framework
September 2, 2020 -
AIT approximates NGDPLT
September 1, 2020 -
AIT approximates NGDPLT
September 1, 2020 -
A Twitter Thread on Interest Rate Determination
August 10, 2020
John B. Taylor
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Electronic-Commerce, Non-Store Sales and the Pandemic
5 days agoLast week at the American Economic Association meetings, held online, many papers focused on Covid-19. A good example was the session organized by Dominick Salvatore which included Jan Eberly, Raghu Rajan, Carmen Reinhart, Joe Stiglitz, Larry Summers, and me. Most papers focused on the economic policy impact of the Coronavirus. I focused the “supply side” policies rather than on the “demand side” policies. Using a simple model, key facts...
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Stampede Out, Stampede In
18 days ago -
The Best Part of the Coronavirus Relief Bill
25 days ago -
Happy 100th Birthday to George Shultz
December 14, 2020 -
Economic Policy and Foreign Policy Go Together
October 19, 2020 -
The Importance of Economic Policy in the 2020 Election
October 11, 2020 -
Economics 1 Again, But So Different
September 26, 2020
John Cochrane – Grumpy Economist
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Low Interest Rates and Government Debt
4 days agoThis is a talk I gave for IGIER at Bocconi (zoom, sadly) Jan 11 2021. Olivier Blanchard also gave a talk and a good discussion followed. Yes, some content is recycled, but on an important topic one must go back to refine and rethink ideas. This post has mathjax equations and graphs. If you don't ...
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FDA vs. Astra-Zeneca; bureaucracy vs. evolution and exponential growth
5 days ago -
Nothing matters but reproduction rate R
14 days ago -
Unintended consequences
17 days ago -
Christmas in Quarantine
22 days ago -
Techsodus/Techsit politics.
22 days ago -
CBDC in EU
23 days ago
Leisure of the Theory Class
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Paying for the right to be infected
August 14, 2020Paying for the right to be infected August 14, 2020 in covid-19, economics, infection, Mechanism design Serious infectious diseases are a prime example of a public bad (non-exclusive and non-congestible). We limit them by restricting behavior and or getting individuals to internalize the externalities they generate. For example, one could mandate masks in public places. To be effective this requires monitoring and punishment....
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The Lockdown Debate
July 16, 2020 -
William Sandholm
July 10, 2020 -
Testing Alone is Insufficient
May 6, 2020 -
Universities After the Pandemic
May 4, 2020 -
Hiring Freezes & Endowment Hoarding
April 11, 2020 -
Effects of a Partially Effective Vaccine
April 10, 2020
Jeffrey Frankel’s Blog
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The Year 2020 in Three Phrases
15 days agoTweetDecember 31, 2020 — Consider the past year through the lenses of three phrases: “witch hunt,” “black swan,” and “exponential.” Each of these terms is widely applied, but not necessarily in the most useful way. Witch hunt Donald Trump has used the words “witch hunt” approximately once every three days on average during his presidency, just counting tweets alone. It wasn’t just his impeachment trial, which ended with the Senate voting to...
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Remembering Richard Cooper
22 days ago -
You don’t miss international cooperation until it’s gone
November 30, 2020 -
Biden is Better on Economics
October 29, 2020 -
Will the Coronavirus Spur Action on Climate Change?
October 3, 2020 -
What’s wrong with US Treasury claim of Vietnamese undervaluation
August 28, 2020 -
The Significance of Gold’s Record $2,000 Price
August 24, 2020
Global Economic Intersection
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Job Losses Are Back
2 days agoPosted on 13 January 2021 by UPFINA Article of the Week from UPFINAWe saw this negative jobs print from a mile away. It became clear a few weeks ago that the economy would lose jobs in December because the pandemic was shutting down businesses again. The good news is these job losses were temporary losses directly related to the shutdown rather than general economic weakness. That’s why our expectation for losses was so straightforward. If a...
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Year Of The Gripping Hand
4 days ago -
America’s Scariest Charts 05 January 2021
5 days ago -
Covid19 Update: The Nordic Countries 02 January 2021
7 days ago -
Some Economics Of The Middle Class
7 days ago -
Marxism, Alienation, The Unhappy Consciousness, And Gnostic Trickery
8 days ago -
Covid19 Update: U.S. Vs EU27 02January 2021
9 days ago
FT Alphaville
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Crypto finally becomes bigger than . . . the world
18 hours agoRemember when bitcoin was “the ninth-biggest asset in the world”? Pretty impressive stuff (even if not actually true). Well bitcoin had better move aside because there’s another, bigger crypto token in town. In fact every asset in the world had better move aside — all of them combined, in fact. Introducing “Wrapped Bitcoin”: Yes that’s a screenshot from earlier today on CoinMarketCap — the world’s most trusted visited crypto data site,...
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Tesla is asked to recall 158,000 cars in the US over touchscreen issues
22 hours ago -
Further reading
1 day ago -
Why is the BoE only considering negative rates now?
2 days ago -
Further reading
2 days ago -
Renault/Plug Power: what bubble?
3 days ago -
A strong recovery could be bad for asset prices
3 days ago
Economonitor
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Pelosi Pushes Impeachment Vote: Washington, Wall Street News – Jan. 11
3 days ago[unable to retrieve full-text content]
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Investors Piling into China’s Stocks Must Remember Portfolio Diversification
3 days ago -
Bitcoin’s Retreats as Rapid Meteoric Rise Sparks Uncertainty
3 days ago -
What Does Banning President Trump Mean for Twitter Stock? Jim Cramer Explains
3 days ago -
Jim Cramer Says States, Private Industry Should Be Removed From Vaccine Rollout
11 days ago -
Could Roku Ultimately End Up Streaming Failed Quibi Content?
11 days ago -
Why Jim Cramer Thinks Airbnb Stock Could Go Higher
11 days ago
Donald Marron
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The Worst Jobs Day Ever
May 8, 2020Driven by the COVID-19 shutdown, April marked the greatest job loss in American history. The unemployment rate skyrocketed to 14.7 percent, and employers cut 20.5 million jobs. Those figures are heart-wrenching. But as awful as they are, they do not fully capture workers’ hardships. To be counted as unemployed, people must be available for work and actively seeking it. With schools closed, job opportunities withering, and social distancing the...
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If We Give Everybody Cash, Let’s Tax It
March 18, 2020 -
Economic Policy in the Time of COVID-19
March 17, 2020 -
Brainteasers From My Dad
December 15, 2019 -
Brainteasers From My Dad
December 15, 2019 -
Remembering My Dad, Donald Marron, 1934 – 2019
December 9, 2019 -
Remembering My Dad, Donald Marron, 1934 – 2019
December 9, 2019
Cyril Morong: Dangerous Economist
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Cold Snap Sparks Record Rise in Natural Gas Prices in Asia
3 days agoTraders are struggling to secure enough vessels to transport LNG from the U.S. Gulf Coast to Asia in time to meet rampant demand By Joe Wallace of The WSJ. Good article illustrating supply and demand issues. It seems that an increase in demand and a decrease in supply are raising the price of LNG.Excerpts:"A blast of cold weather in northeast Asia [the demand increase] and a shortage of ships for transporting gas have sparked a...
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There is a positive relationship between prosociality and labor market success
4 days ago -
Rampant shoplifting leads to another Walgreens closing in S.F.
5 days ago -
With No Commute, Americans Simply Worked More During Coronavirus
6 days ago -
Used vehicle prices up as supply sinks, but relief is coming
7 days ago -
World Bank has lowered its projections for global growth in the 10 years that began in 2020
9 days ago -
Why Are Americans So Distrustful of Each Other?
10 days ago
Greg Mankiw
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Apoiante RBI: Greg Mankiw (Professor de Economia em Harvard)
1 day ago"Sempre fui atraído pela ideia do Imposto de Rendimento Negativo / e o Rendimento Básico Incondicional por causa da sua simplicidade. Isto realmente remove o governo da vida das pessoas. Posso vê-lo a funcionar. Pelo menos acho que vale a pena pensar sobre isso." Apoie a iniciativa europeia aqui: http://rendimentobasico.pt/colaborar/... Siga-nos no Facebook: https://www.facebook.com/RendimentoBa... Consulte o nosso site:...
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ASSA 2021
13 days ago -
Should the stimulus checks be raised from $600 to $2000?
17 days ago -
A New Interview
20 days ago -
On the Low Rate of Interest
December 5, 2020 -
What I’ve Been Watching
November 1, 2020 -
Trump rallies have killed 700 people
October 31, 2020
Ben Bernanke
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The new tools of monetary policy
January 5, 2020By Haowen Chen Since the 1980s, interest rates around the world have trended downward, reflecting lower inflation, demographic and technological forces that have increased desired global saving relative to desired investment, and other factors. Although low inflation and interest rates have many benefits, the new environment poses challenges for central banks, who have traditionally relied on cuts to short-term interest rates to stimulate...
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Evaluating lower-for-longer policies: Temporary price-level targeting
February 21, 2019 -
The housing bubble, the credit crunch, and the Great Recession: A reply to Paul Krugman
September 21, 2018 -
Financial panic and credit disruptions in the 2007-09 crisis
September 13, 2018 -
Temporary price-level targeting: An alternative framework for monetary policy
October 12, 2017 -
When growth is not enough
June 26, 2017 -
Some reflections on Japanese monetary policy
May 24, 2017
Carola Binder: Quantitative Ease
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Central Banking Stories to Watch in 2019
December 31, 2018Happy New Year, everybody! 2018 has been a quiet year for my blog, but productive on other fronts, as I've kept busy with research and my family. But here are a few central bank-related stories I'm interested in following in the new year. 1. New Governor at Reserve Bank of IndiaFollowing the early exit of Governor Urjit Patel in December, Prime Minister Modi appointed the third central bank governor in just three years: Shaktikanta Das....
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Inflation Expectations and the Price at the Pump
August 31, 2018 -
“Macroeconomic Research, Present and Past”
August 8, 2018 -
From Senior Thesis to Publication
July 18, 2018 -
Snapshot of the Publication and Review Process as an Assistant Professor
May 12, 2018 -
Mortgage-Backed Securities Ratings and Losses Maybe Not So Bad
April 16, 2018 -
D is for Devastating: A Statistical Error and the Vitamin D Saga
March 8, 2018
Free Exchange Economist
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The request could not be satisfied
September 20, 2020ERROR: The request could not be satisfied The request could not be satisfied. The Lambda function associated with the CloudFront distribution is invalid or doesn't have the required permissions. We can't connect to the server for this app or website at this time. There might be too much traffic or a configuration error. Try again later, or contact the app or website owner. If you provide content to customers through CloudFront, you can find...
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Bitcoin is fiat money, too
September 5, 2018 -
Podcast: Vorsprung durch Angst
September 5, 2018 -
Podcast: Super Mario to the rescue
September 5, 2018 -
Is there a wage growth puzzle in America?
September 5, 2018 -
Podcast: Goodbye, Benito
September 5, 2018 -
The hubris of ten-year budgets
September 5, 2018
Jared Bernstein: On the economy
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The media cannot reform itself until it acknowledges its power
August 7, 2017As regular readers know, I have for the last few years been banging on about the importance of the media in influencing public opinion. (It formed a key part of my SPERI/News Statesman prize lecture.) It is not a partisan point about whether the media is politically biased in a particular direction. Instead it is a claim that the media can and sometimes is profoundly important in influencing major political events. I think it is fair to say...
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How Brexit will constrain a future Labour government
August 4, 2017 -
Is a flexible labour market a problem for central bankers?
August 2, 2017 -
Brexit and Democracy
July 31, 2017 -
The UK slowdown is a result of Brexit and austerity
July 28, 2017 -
Why Owen Jones is wrong about Brexit
July 26, 2017 -
Lexit
July 24, 2017
Josh Hendrickson: Everyday Economist
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In Memory of Bob Rossana
July 6, 2020Robert “Bob” Rossana died back in February of this year. I was inadvertently left off of the university announcement email and did not hear about it until much later. Bob was my dissertation advisor. He meant a lot to me and so I want to share some thoughts. In graduate school, there were four macroeconomics courses. Two core classes and two field classes. Bob was instrumental in getting this four-course system started, as well as a “macro...
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The Coronavirus and Lessons for Preparedness
March 27, 2020 -
Macroeconomic Policy and the Coronavirus
March 13, 2020 -
Podcast on Maritime Policy
February 28, 2020 -
Some Links
January 6, 2020 -
On Maritime Policy
December 10, 2019 -
On Drawing the Wrong Lessons from Theory: The Natural Rate of Unemployment
October 9, 2019
Owen Zidar
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Who were the top taxpayers in 1923?
February 23, 2017From 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
December 2, 2016 -
The Effect of Pension Income on Elderly Earnings: Evidence from Social Security and Full Population Data
September 5, 2016 -
Why Retire When You Can Work? Hours are way up for elderly workers
September 1, 2016 -
Zip-code Economics
August 31, 2016 -
Financial firms make large share of pass-through income
August 11, 2016 -
Pass-through income and the top 1%
August 11, 2016
Peterson Institute
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The media cannot reform itself until it acknowledges its power
August 7, 2017As regular readers know, I have for the last few years been banging on about the importance of the media in influencing public opinion. (It formed a key part of my SPERI/News Statesman prize lecture.) It is not a partisan point about whether the media is politically biased in a particular direction. Instead it is a claim that the media can and sometimes is profoundly important in influencing major political events. I think it is fair to say...
Read more » -
How Brexit will constrain a future Labour government
August 4, 2017 -
Is a flexible labour market a problem for central bankers?
August 2, 2017 -
Brexit and Democracy
July 31, 2017 -
The UK slowdown is a result of Brexit and austerity
July 28, 2017 -
Why Owen Jones is wrong about Brexit
July 26, 2017 -
Lexit
July 24, 2017
Telegraph Blog
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The media cannot reform itself until it acknowledges its power
August 7, 2017As regular readers know, I have for the last few years been banging on about the importance of the media in influencing public opinion. (It formed a key part of my SPERI/News Statesman prize lecture.) It is not a partisan point about whether the media is politically biased in a particular direction. Instead it is a claim that the media can and sometimes is profoundly important in influencing major political events. I think it is fair to say...
Read more » -
How Brexit will constrain a future Labour government
August 4, 2017 -
Is a flexible labour market a problem for central bankers?
August 2, 2017 -
Brexit and Democracy
July 31, 2017 -
The UK slowdown is a result of Brexit and austerity
July 28, 2017 -
Why Owen Jones is wrong about Brexit
July 26, 2017 -
Lexit
July 24, 2017