Leaders
Mark Thoma: Economist View
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Supply Chains and Trade War
Paul Krugman: Supply Chains and Trade War (Very Wonkish): ...last month the IGM Forum weighed in on the issue of supply chains and trade war — the issue that the current trade war, unlike previous trade conflicts, is taking place in a world where much trade consists, not of shipments of consumer goods, but of shipments of inputs used in production. The panelists more or less unanimously agreed that the prevalence of global supply chains...
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Links (8/10/18)
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Links (8/8/18)
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The Impact of Higher Temperatures on Economic Growth
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Economic Policy for Artificial Intelligence
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Trump Hasn’t Prepared Us for the Inevitable Economic Slowdown
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Are Tariff Worries Cutting into Business Investment?
Paul Krugman
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Who’s Afraid of Nancy Pelosi?
[unable to retrieve full-text content]The G.O.P.’s boogeywoman was the greatest House speaker of modern times.
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Partying Like It’s 1998
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Supply Chains and Trade War (Very Wonkish)
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Notes on a Butter Republic
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Stop Calling Trump a Populist
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Transaction Costs and Tethers: Why I’m a Crypto Skeptic
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Trump’s Supreme Betrayal
S. Sumner: Money Illusion
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Reveal, depress, destroy: Three types of contagion
The term ‘contagion’ is used quite a bit in the financial press, but what does it actually mean? There are at least three very different types of contagion, each with its own policy implications: 1. An economic crisis in one country might reveal a weakness that was not previously apparent to the international investment community. Thus in the late 1990s, the gradual rise of China and the strengthening US dollar was slowly weakening the...
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Trump derangement syndrome
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The China Threat?
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Detroit, Orange County, and “Murica”
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Erdogan reasons from a price change
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Beckworth interviews Erdmann
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Inflation before the oil shock
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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Why the Bank of England Should Target Growth
Targeting price stability alone may have worked when inflation was a more reliable proxy of the business cycle. Now that it isn’t, Britain's central bank – and perhaps others – should consider a change in mandate to target growth as well. OXFORD – The Bank of England raised interest rates to 0.75% this month, in the belief that inflation will exceed its mandated 2% target in about two years. But...
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Globalization with Chinese Characteristics
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Is Ethnic Cleansing Coming to India?
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Prevention Is the Best Migration Cure
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The World Economy’s Urban Future
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The Trump Administration’s Dead End on Trade
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The Paradox of Botswana’s Death Penalty
Cyril Morong: Dangerous Economist
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Robots Are Ready to Shake (and Stir) Up Bars
Robot bartenders are mostly novelties today. But a group of startups is hoping to bring automation to your neighborhood watering hole—and even your home barBy Leigh Kamping-Carder of The WSJ. If workers are replaced by machines, economists call that structural unemployment. Below I have links to earlier posts on that as well as whether or not automation necessarily increases unemployment. One mentions "Flippy, a robot that turns the...
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Learning the Right Lessons From the Financial Crisis
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How insurance companies are using technology to better assess how risky customers might be
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Physicists have a new, maybe better way to predict GDP
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More “agreeable” men earn significantly less
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Did higher prices keep the power grid going during the recent heat wave?
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Cost of attendance stipends in college sports
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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My preface to Santiago Levy’s Book: Under-Rewarded Efforts — The Elusive Quest for Prosperity in Mexico
A few years ago as I was finishing up my book Economics Rules: The Rights and Wrongs of the Dismal Science (Norton 2015), I realized that the manuscript contained a serious omission. I had written at length about how and why economists misuse the powerful tools of their discipline, but had said little about the successes. So I decided I would open the book with three vignettes of economics at its best. Each vignette would have its hero: an...
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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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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
Global Economic Intersection
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The Maine Surprise Was Time
Posted on 12 August 2018 by John Mauldin, Thoughts from the Frontline I’m back from Camp Kotok. As always, it was both rejuvenating and enlightening. The Maine woods, lakes, and general environment encourage more candor than I see most places. This, combined with David Kotok’s talent for assembling a diverse group and the always-marvelous Maine hospitality, made it another great success. It helps that David aggressively enforces Chatham House...
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Some Facts On Global Current Account Balances
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Nazism And Neoliberal Mythmaking, Part II: The State As Killer
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Scarcity And Fear Of Scarcity
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Savings Rate Implication For Next Downturn
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The Distribution Of Pain, Redux
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Nazism And Neoliberal Mythmaking, Part I: German Reconstruction As State-Phobia
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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For affordable housing, move away from the coasts
This map plots the ratio of an average house to average income: And as the Brooking article notes, and as I've noted, the lack of affordability in places like California can often be blamed on state and local government measures designed to limit the construction and diversification of housing. Zoning laws and other regulatory barriers to new housing production have decimated housing affordability of housing in many coastal cities. Cities...
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The costs of obesity
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REPOST: Kidney Hold-up
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REPOST: Sales “bunching” and high-powered commissions
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REPOST: Do environmentalists cause pollution?
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REPOST: Get rich slowly, the power of patience
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Larry on Healthcare/incentives/Amazon
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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International Migration and North Dakota
With all the discussion surrounding migration these last many months I thought it time to revisit the issue with a specific look at North Dakota. There are many ways to evaluate this issue and I will not go through them all here in one post. These are things that need to be evaluated independently. The issue in this post is the thought that North Dakota has a problem attracting in people. As this first map reveals, that is not really the...
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President Trump’s Fiscal Follies
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Another tax story, July 2018 Grand Forks Sales Tax
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June 2018 Grand Forks Sales Tax Forecast
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Back to Blogging
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2017 trade surplus/deficit by state
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Grand Forks Economic Development (or the Chicken and the Egg Problem)
Josh Hendrickson: Everyday Economist
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Updates
A couple of updates: The topic of this month’s Cato Unbound is J.P. Koning’s proposal for the U.S. to issue a large denomination “supernote” and to tax that note as a way of punishing illegal activity. I will be contributing to the discussion this month along with James McAndrews and Will Luther. You can read J.P.’s lead essay here. The response essays will be linked below the lead essay. My response essay will appear next week. My paper with...
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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
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In Memory of John Murray
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The Phillips Curve and Identification Problems
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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Economics of Climate Change: Three Recent Takes
Most economists took their last course in physical science many years ago, back in college days, and lack any particular in-depth knowledge of how to model weather or climate. But economists can contribute usefully to the climate change debate in other ways. At least some economists do have expertise in patterns of energy use, potential for substitution, and technology, and thus have something to say about likely future paths for the...
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Should Professors Share Returns from Innovation with their Employers?
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A Primer on the Jones Act and American Shipping
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What Should an Economics Research Article Look Like?
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Some Facts on Global Current Account Balances
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The Emergence and Erosion of the Retail Sales Tax
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Albert Jay Nock on the Three Rules of Editorial Policy
Econbrowser
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Guest Contribution: “Trump’s Trade Policy Uncertainty Deters Investment”
Today, we are fortunate to be able to present a guest contribution written by Steven J. Davis, William H. Abbot Distinguished Service Professor of International Business and Economics at the University of Chicago Booth School of Business and Senior Fellow at the Hoover Institution. Donald Trump has upended U.S. trade policy. The particulars include a U.S. pullout from the Trans-Pacific Partnership (TPP), threats to jettison the North American...
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(I Can’t Believe I Follow this Stuff Now): Peak Pegasus Docks in China
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等待果陀? – Soybean Farmer Edition
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A Time Series Approach to Estimating Excess Mortality Rates in Puerto Rico, Post-Maria
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A Short Macrohistory of Kansas
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Predictions With and Without Confidence Intervals: Puerto Rico Post-Maria
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When Storage Does Not Save One from Low Commodity Prices
Tim Harford: Undercover Economist
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The cool tools that are reshaping economics
The cool tools that are reshaping economics If Hollywood is to be believed, every mad scientist who ever lived has a laboratory full of bubbling flasks, flashing consoles and glowing orbs. Science writer Philip Ball — who has visited countless research labs — tells me that reality is not so very different: the gear may be more subdued, but the gear is always there. Science depends on tools, often instruments to detect or measure that...
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What does a robot accountant look like?
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Fifty Things That Made The Modern Economy – UK Paperback
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The secret to happiness after the robot takeover
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The topsy turvy logic of Trump’s trade tirades
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Football’s minnows demonstrate how poor countries can catch up
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The progressive case for auctions for everything
Owen Zidar
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Who were the top taxpayers in 1923?
From page 71 of Daniel Marcin’s “The Revenue Act of 1924: Publicity, Tax Cuts, Response” div{float:left;margin-right:10px;} div.wpmrec2x div.u > div:nth-child(3n){margin-right:0px;} ]]> Advertisements
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Trump won in counties that lost jobs to China and Mexico
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The Effect of Pension Income on Elderly Earnings: Evidence from Social Security and Full Population Data
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Why Retire When You Can Work? Hours are way up for elderly workers
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Zip-code Economics
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Financial firms make large share of pass-through income
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Pass-through income and the top 1%
Microeconomic Insights
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The economics of density: evidence from the Berlin Wall
The Berlin Wall provides a unique natural experiment for identifying the key sources of urban development. This research, for which its authors have recently been awarded the prestigious Frisch Medal, shows how property prices and economic activity in the east side of West Berlin, close to the historic central business district in East Berlin, began to fall when the city was divided; then, during the 1990s, after reunification, the same area...
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US Manufacturing Jobs and Trade Liberalization with China
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The career cost of children: career and fertility trade-offs
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Cultural proximity and loans
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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
Carola Binder: Quantitative Ease
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“Macroeconomic Research, Present and Past”
I am at the Liberal Arts Macro Workshop at Wake Forest University. The plenary talk last night wasby the authors of "Macroeconomic Research, Present and Past." Philip Glandon, Kenneth N. Kuttner, Sandeep Mazumder, and Caleb Stroup read over 1000 papers from five top macroeconomics journals to catalog the epistemology, methodology, theoretical framework, and several other key characteristics of the papers (see table below).They read...
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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?
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Consumer Inflation Uncertainty Holding Steady
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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SST on vaping
This weekend's Sunday Star-Times had a look at vaping. While overall it's pretty favorable to that folks should be able to switch from smoking to vaping, there's still an overlay of unease about the companies that might be providing vaping kit. Regulatory uncertainty here has kept larger companies out, like the larger tobacco companies' vaping products; smaller NZ and international players have supplied vapers here instead. With Big...
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Bag Ban
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A beclowning to come
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A picture of a conflict of laws
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A weak Treasury response
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Working for Families as employer subsidy – again
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More on that ‘new’ study on alcohol and pregnancy
T. Cowen: Marginal Revolution
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*La Classe Compiaciuta*
Now published in Italian translation. The post *La Classe Compiaciuta* appeared first on Marginal REVOLUTION.
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Monday assorted links
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The decline of private ownership in America
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My preface to *Stubborn Attachments*, and why this book is especially important
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Baku bleg
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Sunday assorted links
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10 Things I Learned: Tyler Cowen
Jared Bernstein: On the economy
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Trump 2020 game plan: Fake Laffer, Go Keynes.
I’m genuinely sorry to intrude on your Sunday like this, but this new forecast (no link) from the highly-skilled Goldman Sachs economic research team (GS) has me completely on shpilkes. I’ll make it brief, but not painless. Back when the tax cut passed, this figure, also from GS, previewed an important fiscal fact about to unfold: outside of wartime, the Republican tax cuts and other deficit spending would add more fiscal juice to an economy...
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July’s Jobs Report: Solid jobs but little wage acceleration
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Breaking News: Trump’s chief economist says some reasonable things! (And some other stuff, too.)
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Prepping for Friday: What’s trend GDP growth?
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Responding to questions re my wage oped.
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Team Trump’s phony poverty argument, GDP growth v. chaos, and a little e.g. of where an FTT would come in handy.
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Lynx, trade politics, a super swingin’ slice of Kelly Roll, and a bit of pop psychology re JOMO
Simon Wren-Lewis
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What becomes news and why
One of the unfortunate things that some Remain supporters can do is treat anyone who voted Leave as stupid. How could you vote for such an idiotic idea is a good question, but to assume the answer is stupidity is wrong. I personally know non-political people who voted Leave and they are anything but stupid. So why did they vote for a stupid policy. To answer that you should ask how do you know it is a stupid policy. My guess is that you have...
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Labour’s fiscal rule is progressive
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A decade of political deceit
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How China beat the Global Financial Crisis
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How BBC balance and bad think tanks discourage evidence based policy
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Should Eurozone central bankers keep quiet about fiscal policy?
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Brexit Endgame: second stage (which is unlikely to end with no deal)
Free Exchange Economist
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Free exchange 1970-01-01 00:00:00
[unable to retrieve full-text content]
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Has BRICS lived up to expectations?
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How to interpret a market plunge
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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”
Worthwhile Canadian Initiative
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A well-deserved tribute to Nick Rowe
As you may know, Nick has retired from teaching. His career as a teacher and blogger has earned him this very nice tribute in the pages of The Economist: Learning macro is a source of anxiety for many students. Teaching it can give their professors the jitters, too. The subject is notoriously difficult to explain well. During his 37 years at Carleton Mr Rowe remained, by his own admission, “fairly low down the totem pole” as a researcher....
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Learning outcomes: potential game-changer, or worthless bean-counting and cataloguing exercise?
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Is the Russia-America Global CoDominium About to Begin?
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Military Spending in the G7: A Quick Post NATO Summit Comparison
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Micro Profs teaching Intro Macro
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Grain Transshipment at the Lakehead: A Canada Day Celebration
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Hydraulic Monetarism
Miles Kimball
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Anthony Komaroff: The Microbiome and Risk for Obesity and Diabetes
Research has begun to demonstrate that the quality of bacteria in one's gut is important for human health. Let me call the quality of bacteria in one's gut "microbiome capital." Anthony Komaroff makes the argument that microbiome capital could plausibly be important early in his Journal of the American Medical Association summary article "The Microbiome and Risk for Obesity and Diabetes":Beginning at the moment of birth,...
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On the Responsibility to Contribute to Public Goods
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John Locke Argues for the Historicity of Social Contracts
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Josh Jones: Hear What Homer’s Odyssey Sounded Like When Sung in the Original Ancient Greek
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Matt Stoller: How Democrats Killed Their Populist Soul
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Martin Kocher, Konstantin Lucks and and David Schindler: Self-Control Problems Can Cause Irrational Exuberance
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You Can Learn Dramatically More in the Same Amount of Time. Here’s How.
FT Alphaville
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The hunt for the next Nostradamus
“He told everyone the truth. But no one listened. Until now.”Over the past decade, you may have read a variation of this headline.Michael Burry. John Paulson. Jamie Mai. Crispin Odey. Jonathan Ruffer. Steve Eisman. Bill Gross. These names, and others, have peppered a body of media heralding the Nostradamuses of the financial crisis. Books have been written. Films have been made. Legends have been born.Reputations, made on being unerringly...
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Markets Live: Tuesday, 14th August 2018
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Further reading
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Turkey contagion fears are overblown
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Taking Tesla private
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The slow death of public markets
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Markets Live: Monday, 13th August 2018
Greg Mankiw
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What I have been reading
Great book by UCLA economist Sebastian Edwards about a key moment in American economic history. Many economists believe that the most important thing FDR did to help the economy recover from the Great Depression was to go off the gold standard. As part of that policy, he pursued laws that rewrote many bond contracts, annulling gold clauses. It was controversial then (and surely would be again if such an issue were ever to arise). Edwards does...
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Thumbs up for DAFs
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Singer, Songwriter, Central Banker
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The most important book I’ve read this year
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A plea to economics journalists
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An Effective Marginal Tax Rate
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A Response, along with a Movie Recommendation
John Cochrane’s blog
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Trade uncertainty and investment
My colleague Steve Davis has a nice post quantifying economic uncertainty due to the trade war, and its emerging impact on investment.Steve (and Nick Bloom) have done a great job quantifying policy uncertainty over time. To be clear, policies can have two effects -- there is the certainty of damaging policy, but there is also ...
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Intellectual property and China
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Lira Crash
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Links: trade, housing, taxes
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Free Trade or Managed Mercantilism
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Who will pay unfunded state pensions?
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Saving rate doubles
Peterson Institute
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Turkey Faces Its Crisis with Shaky Leadership and Few Friends
Turkey is sliding ever deeper into economic crisis, as foreign and domestic investors are losing confidence in its solvency and running for the exits. The Turkish lira is now the world’s worst performing currency in 2018, dropping more than 40 percent against the US dollar. The country’s 10-year interest rates are now twice the level of neighboring Greece, an economic basket case only a few years ago. These developments are all driving Turkey...
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Iran Sanctions Redux
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May’s Brexit Vision Invites More Confrontation with the EU
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Germany’s Savings Banks Are Uniquely Intertwined with Local Politics
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QE Skeptics Overstate Their Case
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Immigration Reform in Europe Needs External Border Controls, Respect for Sovereignty, and Shared Costs
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The European Union Must Defend a Persecuted Greek Statistician
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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The Trust Machine: The Story of Bitcoin
I came across a presentation of Bitcoin the other day called The Trust Machine: The Story of Bitcoin. I thought it was very nice and I encourage anyone who's interested in Bitcoin to view it (less than 25 minutes). What I offer below are questions and comments that came to my mind as I listened to the narrative. I'd recommend listening to the entire presentation first and then reading my comments below. The bold numbers represent the...
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Inflation and Unemployment (Part 2)
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Inflation and unemployment
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What anchors inflation?
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The recession of 2012-13 and the taper tantrum
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U.S. GDP Expenditure Components
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Fiscal theories of the price-level
Macro and Other Market Musings
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Closer to OCA Criteria: Eurozone or Dollarzone?
This is a quick follow-up to my recent article on the Eurozone. There I argued for more integration or separation in the Eurozone since ECB monetary policy is pushing regional economies further apart rather than together. I showed a version of the below chart in the article to illustrate this point: ECB policy--and its response to the various shocks hitting the Eurozone--has effectively kept nominal demand growth in the core economies...
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Will Australia Be the First Country to Try NGDPLT?
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The Future of the Eurozone
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The Treasury Yield Curve Blues
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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
John B. Taylor
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Rules and Strategies in the Fed’s New Monetary Policy Report
The Fed’s Monetary Policy Report released last Friday devotes a lot of space to monetary policy rules. This is the third time in a row that the monetary policy report has included such discussions, the first being in July 2017 and the second in February 2018. Compared with the previous two monetary policy reports, this Report adds new material on policy rules, and is joined with a helpful discussion of policy rules now integrated into the...
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Still Exploding After All These Years
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What We Wanted We Got: A Debate on the Fed’s Balance Sheet
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Economics 1 Online. Summer 2018. Free.
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Still Crazy After All These Years—And What About the Next 50
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Favorite Economics April Fools Day Jokes on Twitter
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Monetary Policy Getting Back on Track
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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Could the July 25 Trump-Juncker Trade Agreement Work?
August 8, 2018 –– President Trump and European Commission President Juncker, in the Rose Garden July 25, announced EU-US trade negotiations. Here are my answers to questions on the negotiations, in the event they actually take place. (The interview appears in Chinese, at Caijing, a Chinese magazine.) How difficult will the negotiations to flesh out details be? JF: I don’t think they will flesh out the details. As the EU and the US agree to...
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Apology Tour d’horizon
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Protectionism is Nothing New for Republicans
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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
Brad Delong, Berkeley
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Grasping Reality with at Least Three Hands 2018-08-14 15:31:59
In retrospect, this from the usually-reliable Karl Smith and Brandon Arnold looks really, really, really awful, no? But they really should have known better: Anyone who goes the extra mile to give the version of Kevin Hassett on display these days the benefit of the doubt is likely to wind up naked on the Moon. That, I think, is the real lesson here—shading your thoughts to think more highly of Kevin these days either out of comity or...
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Should Kansas’s (and Missouri’s) Future Be “a Lot More Like Texas”?: Hoisted from the Archives
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Grasping Reality with at Least Three Hands 2018-08-14 05:20:03
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Grasping Reality with at Least Three Hands 2018-08-14 01:03:19
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2018 Fall DEVENG 215
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The Vexed Question of Prussia in World History…
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Mass Politics and “Populism”: An Outtake from “Slouching Towards Utopia: An Economic History of the Long Twentieth Century”
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
