Leaders
Mark Thoma: Economist View
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Links (9/20/18)
A Smorgasbord Recession? (Wonkish) - Paul Krugman Political Pressure on Central Banks - Carola Binder Three Sudden Stops and a Surge - Brad Setser Japan’s Successful Economic Model - Adair Turner The economic cost of repellent leadership - VoxEU Foreign expansion, competition, and bank risk - VoxEU Tax cuts have not led to bonuses, wage or compensation growth - EPI Reflections by Bernanke, Geithner and Paulson (Video) - Brookings...
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Links (9/17/18)
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Links (9/13/18)
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Links (9/11/18)
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Links (9/7/18)
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Links (9/5/18)
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New Evidence that Unions Raise Wages for Less-Skilled Workers
Paul Krugman
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The Party of No Ideas
[unable to retrieve full-text content]Republicans aren’t even trying to run on their policies.
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Steeper Versus Deeper (Wonkish)
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Making Tariffs Corrupt Again
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A Smorgasbord Recession? (Wonkish)
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Kavanaugh and the Politics of Bad Faith
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What Do We Actually Know About the Economy? (Wonkish)
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The Credit Crunch and the Great Recession (Wonkish)
S. Sumner: Money Illusion
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All things must pass
This post is highly speculative; take it with a grain of salt. Traumatic events such as wars are often followed by a backlash. The side that feels vindicated will lash out against those seen as being on the other side. After the Civil War, the radical Republicans went after (moderate) President Andrew Johnson. After WWI, the statists went after the anarchists and pacifists. After WWII (and Korea) you had a wave of anti-communism. After...
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The Tea Party won
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About that “malinvestment”
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Anne Applebaum on Eastern Europe
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I just don’t understand
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Economic reform in China
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Market monetarism is gaining ground
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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When Hindsight Is Not 20/20
Surely the financial crisis of 2008 and its immediate aftermath could have been handled better; battlefield medicine is never perfect. But there is not even a prima facie case to be made for Rob Johnson and George Soros’s allegations of foolish ineptitude on the part of the Obama administration. CAMBRIDGE – George Soros is a great man. His record speaks to his financial acumen. And no philanthropist or...
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Making the Most of Emerging Economies
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West Africa’s Failed War on Drugs
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The Global Cost of Domestic Violence
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Do Spectacular Earnings Justify Spectacular US Stock Prices?
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Big Food’s Poisonous Propaganda
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The Case Against Climate Despair
Cyril Morong: Dangerous Economist
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How Odysseus Started The Industrial Revolution
Factory work may have been a commitment device to get everyone to work hard. Odysseus tying himself to the mast was also a commitment device. Dean Karlan, Yale economics professor explains how commitment devices work: "This idea of forcing one’s own future behavior dates back in our culture at least to Odysseus, who had his crew tie him to the ship’s mast so he wouldn’t be tempted by the sirens; and Cortes, who burned his ships to show...
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A number of women who put off having babies after the 2007-09 recession are forgoing them altogether; more educated women and student debt also contribute to decline in birth rates
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Another Semester Has Started
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Joseph Schumpeter And Me
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Grocery stores try to alter the tastes and preferences of men
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Robots Are Ready to Shake (and Stir) Up Bars
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Learning the Right Lessons From the Financial Crisis
Miles Corak: Economics for public policy
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Canada’s Poverty Reduction Strategy adopts the United Nations Sustainable Development Goal to end poverty
The targets to reduce income poverty in Canada’s Poverty Reduction Strategy take an important step toward the first UN Sustainable Development Goal addressed to ending poverty, but progress will fall short without all Canadian governments—not just the federal, but also provincial, and municipal governments—adopting coordinated policies to eliminate deep poverty. The first UN Sustainable Development Goal is to “End poverty in all its forms...
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Canada’s official poverty line: what is it? how could it be better?
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Ask yourself two questions while reading Canada’s Poverty Reduction Strategy
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Ever wonder where to find the Trump Tower? Then take this “Trump Walking Tour” with me, and learn even more
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Thinking about minimum wages, and thinking about them like an economist
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The Caledon Institute of Social Policy is Canadian social policy
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The Canada Child Benefit is an important innovation in cash benefits to families with children
Dani Rodrik’s weblog
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Economists’ statement in support of Atif Mian
It is with dismay that I learned recently that Princeton's Atif Mian, one of the greatest scholars on finance and macroeconomics I know, was disinvited from Pakistan's Economic Advisory Council because of his religious beliefs. See here and here for more background. Timur Kuran and I have put together a statement, along with many friends who support Atif. The statement is below. We already have more than 90 signatories, including 26 economists...
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My preface to Santiago Levy’s Book: Under-Rewarded Efforts — The Elusive Quest for Prosperity in Mexico
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Site Maintenance
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More on distinguishing ideas and interests — an exchange with Peter Hall
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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
Global Economic Intersection
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China For The Trade Win?
Posted on 23 September 2018 by John Mauldin, Thoughts from the Frontline With all the trade war talk, we all ask the obvious question: Who will win? President Trump says the US will win. Chinese business leaders say no, we will win. Free-traders on both sides say no one will win. Few stop to ask, "What does a 'win' look like?"Please share this article - Go to very top of page, right hand side, for social media buttons.This makes...
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Update On US Health Insurance Coverage
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Born Blind: Lars Syll, Uncertainty And The Question Of Truth Versus Relativism
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Chinese Growth Spurt
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What Is A Liquidity Trap?
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China’s Command Innovation
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Fischer Black Redux: The Impossible Circularity Of A Metaphysical Argument
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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That’s Just Econ 101 Part 2
The other day I said that when someone says something is just Econ 101 you can be confident it is probably not Econ 101. I have a couple more examples now. Simon Johnson writes about Saving Capitalism from Economics 101. He writes that All across the United States, students are settling into college – and coming to grips with “Econ 101.” This introductory course is typically taught with a broadly reassuring message: if markets are allowed...
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Productive and Unproductive Error
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That’s Just Econ 101
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How I Became a Business Historian (a bit of shameless self-promotion)
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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
Managerial Econ
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Dollar strengthening against yuan
In the market for foreign exchange, the price of a dollar is appreciating relative to the Chinese yuan, nearing 7 yuan/dollar. Either:the demand for dollars is increasing (more Chinese consumers want to buy US goods and services or invest in the US); or the supply of dollars is decreasing (fewer US consumers want to buy Chinese goods and services or invest in China). According to the article, this could be due to fears of a trade war...
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Are we in a housing bubble?
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Google measures ad effectiveness with “Ghost Ads”
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Book recommendation: Algorithms to Live By
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REPOST: can I take credit for this?
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Randomized trial to measure Facebook ad effectiveness
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Do Boys have a Comparative advantage in Math?
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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Busy Week & Switching to Gutenberg
David Economist and economic historian with an interest in credit practices and exchange, natural disasters and disruptions to economic activity, as well as fiscal and monetary policy with forecasting implications. Husband, father, Cubs fan. View all posts by David
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ND wage comparisons adjusted for inflation
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Some North Dakota Wage Comparisons
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Population Replacement in North Dakota
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Population Turnover in North Dakota
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Comparing North Dakota Pay
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Annual Pay Across North Dakota
Josh Hendrickson: Everyday Economist
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Macro Musings
This week I was a guest on David Beckworth’s Macro Musings podcast. We discussed my policy brief on the labor standard as well as monetary policy more generally. Here is a link for those interested.
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Updates
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Monetary Policy as a Jobs Guarantee
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How Did the Gold Standard Work? Part 1: The Efficiency of the Gold Standard
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Towards an Alchian-type Approach to Political Economy
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The Sleight-of-Hand of Olson-esque Public Choice
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In Memory of John Murray
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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Corporate Debt and Leveraged Loans: Financial Snags Ahead?
It was 10 years ago in September 2008 that the worst of the financial panic crashed through the US economy. Where might the next financial crash be lurking? In a speech last week, Federal Reserve Governor Lael Brainard pointed to some possible candidates. She said: "The past few times unemployment fell to levels as low as those projected over the next year, signs of overheating showed up in financial-sector imbalances rather than in...
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Interview with Chad Syverson: Issues in Productivity
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International Car Production and Ownership: Some Snapshots
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Update on US Health Insurance Coverage
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More $100s Than $1s
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Some Economics of Hurricanes
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A Meditation with George Orwell on Judging the Choices Made by the Poor
Econbrowser
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Guest Contribution: “Trump Renews Charges of Chinese Currency Manipulation”
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared in Project Syndicate. The US Treasury is due in October to submit its biannual report to Congress on what countries, if any, are manipulating their currencies to gain unfair trade advantage. President Trump has recently resumed...
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Using Gov. Walker’s Gold Standard QCEW, Has 250K Jobs Been Added?
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Is California in Recession? (Part IX)
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Who Could’ve Known “Crash Brexit” Would Be Problematic?
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“Spreads between U.S. & Brazil Soybean Export Prices Widen to a Record”
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Huzzah! Three and a Half Years Late, Walker Hits His +250K Jobs Promise
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W/o Comment: Senate Judiciary Committee – GOP Members
Tim Harford: Undercover Economist
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Did your holiday make you more creative?
Did your holiday make you more creative? A summer of browsing through art galleries continues. After the old masters in Venice in July, I stopped past some humble venues in the Lake District to pay my respects to John Ruskin, Kurt Schwitters and even Beatrix Potter. The conventional wisdom is that gazing at art improves the soul: it might make me a better person, or at least a better draftsman. It seems absurd to suggest that it will make...
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Is Twitter more unequal than life, sex or happiness?
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Why big companies squander good ideas – a reading list
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How can we resist the seduction of the mobile phone?
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Four awesome-yet-accessible economics and business books
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Five lessons from the US government’s ultimate innovators
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The Peter Principle is a joke taken seriously. Is it true?
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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Growth and well-being: policy should not be based on GDP alone
Economists are often accused of focusing excessively on GDP, with the result that government policies make GDP a priority to the detriment of other contributors to well-being. This research proposes a broader summary statistic that incorporates consumption, leisure, mortality and inequality. While the new statistic is highly correlated with GDP per capita, cross-national deviations are often large: Western Europe looks considerably closer to...
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Regional variation in US healthcare use: evidence from patient migration
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The economics of density: evidence from the Berlin Wall
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US Manufacturing Jobs and Trade Liberalization with China
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The career cost of children: career and fertility trade-offs
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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
Carola Binder: Quantitative Ease
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Inflation Expectations and the Price at the Pump
My paper "Inflation Expectations and the Price at the Pump" is now published in the Journal of Macroeconomics. Here is an open-access link to the official version (through October 20, 2018). And here is my new website which has links to the ungated versions of this and my other papers.The key takeaway of this paper is that, though gas prices and average household inflation expectations are correlated, consumers do not seem to...
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“Macroeconomic Research, Present and Past”
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From Senior Thesis to Publication
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Snapshot of the Publication and Review Process as an Assistant Professor
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Mortgage-Backed Securities Ratings and Losses Maybe Not So Bad
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D is for Devastating: A Statistical Error and the Vitamin D Saga
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To Eradicate or to Manage?
Economonitor
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Current Account Deficits and Safe Assets
The International Monetary Fund has issued its External Sector Report for 2017, and among its key findings: “Global current account imbalances were broadly unchanged in 2016…” The U,S. continues to record the largest deficit, $451.7 billion, which is equal in value to 2.4% of U.S. GDP. The continuing deficits contribute to the increase in the ...
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Why Lebanon’s New Government Needs a New Economic Model
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A New Banking Crisis?
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John Maynard Keynes and Effective Macroeconomic Policy
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Can Uganda Step Up to New Economic Challenges?
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New Pragmatism: Economics and Economic Policy for the Future
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Transformative Changes in World Energy Production and Trade
Offsetting Behaviour
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Quality control at the New Zealand Medical Journal
In late July, the New Zealand Medical Journal published an article by an Auckland University public health team that largely covered the same ground as a 2015 report by Superu, and didn't mention the Superu report. I'd noted a few potentially interesting questions about that: How does it take nine authors at Auckland University to replicate part of the work undertaken by three authors at Superu three years ago? Did none of the nine authors...
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Police academy
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Good stuff from Treasury
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Treasury Board
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Confidence in the Vice Chancellor
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Not-so-sweet advice
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The sins of the Canadian father will be visited upon the Kiwi children
T. Cowen: Marginal Revolution
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The forthcoming Chinese charter city?
From Bloomberg BusinessWeek: The government intends to ring-fence Port City from Sri Lanka’s legal system to facilitate currency movement and create favorable tax and investment incentives. Harsha de Silva, a state minister who once campaigned against the project but is now one of its most vocal supporters, is involved in drafting the separate legal structure. “This must be a top-10 city for doing business in the world,” he says. “Otherwise,...
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Saturday assorted links
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The three kinds of charter cities
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Friday assorted links
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Has private philanthropy become underrated?
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Revolving Door Patent Examiners
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Delaware markets in everything
Jared Bernstein: On the economy
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Nerd Alert. This is not a test. New BLS data on employer costs by percentiles!
You go, BLS! The Bureau of Labor Statistics just released a new data series derived from the Employer Costs for Employee Compensation series. These ECEC data have been around for awhile–they’re the basis for the more commonly cited Employer Cost Index data*–but only for averages (see Technical Note here if you want more info). Now we have compensation, wages, and benefits for the 10th, 50th (median), and 90th percentile. I consider these to be...
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Some greatest hits of the 10-year lookback pieces on the crisis.
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New Census data show that low-income people are responding as they always do to tight labor markets…by working!
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Poverty and middle-class income data out tomorrow morning
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A couple of economists respectfully disagree on the politics of policy in the age of Trump and the new socialists
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Jobs Report: A long-awaited wage pop that’s hopefully part of an emerging trend
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Thumb on the scale: correcting the CEA’s corrections re real wage growth.
Simon Wren-Lewis
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Theresa May has qualities, but negotiation skill is not one of them
One of the important criteria I used in selecting posts for my new book out this November, The Lies we were Told, is that each chapter (collection of posts) must tell a coherent story. (It can be ordered at a 20% discount here, rising to 35% if you join the publisher’s mailing list.) So, for example, the chapter on austerity had to contain at least one post that covered each of the mistaken arguments made for rapid deficit reduction, as well...
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Why Brexiters look defeated
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How to predict a crisis
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Another lesson of the GFC unlearnt: the Consensus Assignment is dead
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Are the EU wrong to make things easy for May?
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Jeremy Corbyn and Balance
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The IPPR Commission’s plan for a new economy
Free Exchange Economist
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Podcast: The Italian bailout job
[unable to retrieve full-text content]
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Podcast: A poison chalice for GE’s new boss
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A new paper rekindles a tiresome debate on immigration and wages
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Why scan-reading artificial intelligence is bad news for radiologists
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Why the Fed is likely to raise rates, despite low inflation
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Religious competition was to blame for Europe’s witch hunts
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Donald Trump’s budget ignores what is ailing American workers
Worthwhile Canadian Initiative
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Why do we care about the labour share of income?
And by 'we', I mean 'Canadians'. A lot has been said and written about the decline in the labour share of income, usually calculated as total employee compensation divided by nominal GDP. This decline is generally regarded as a negative development: the reduction in the share of income going to workers is interpreted as a symptom of suppressed wage growth and of increased income inequality. I don't doubt that this is a useful narrative for...
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The 1 vs 3 Model of Quick Recessions vs Slow Recoveries
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The Blind Target Shooter
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A well-deserved tribute to Nick Rowe
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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
Miles Kimball
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Silvio Gesell’s Book ‘The Natural Economic Order’—Ungated and in English
Page Preface9 PART I. DISTRIBUTION Introduction27 1. Aim and Method35 2. The Right to the Whole Proceeds of Labour36 3. Reduction of the Proceeds of Labour through Rent on Land40 4. Influence of transport costs on Rent and Wages44 5. Influence of social conditions on Rent and Wages49 6. More precise definition of freeland52 7. Freeland of the third class53 8. Influence of freeland of the third class on Rent and Wages55 9....
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John Locke: We Are All Born Free
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Ben Healy: Scientific Evidence on How to Make Friends
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David Keith, Geoffrey Holmes, David St. Angelo and Kenton Heidel Estimate a Cost of $94 to $232 for Removing Carbon Dioxide from the Atmosphere
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Geneva Conventions for the Political Wars
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Joe Cortright: If You Want Less Displacement, Build More Housing
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The Trouble with Most Psychological Approaches to Weight Loss: They Assume the Biology is Obvious, When It Isn’t
FT Alphaville
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Labour’s worker ownership plan looks like a tax plan
If we understand the math of Labour's proposal to give stock to employees of UK companies, it goes something like this: 10 per cent of the stock goes to the staff, over course of a decade.Employees can't buy or sell the special stock, but share a dividend of up to £500 a year each.Any dividend above that amount goes to the treasury. Let's assume that this dividend-paying stock will be a form of preferred stock, meaning dividends must at least...
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Repatriation update: flows dwindle
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No Markets Live today — catastrophic tech fail, sorry
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Further reading
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Beware the Hindenburg Omen?
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Varoufakis thinks Google gives us nothing in return
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Thoughts for the weekend
Greg Mankiw
John Cochrane’s blog
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Supply-side health care
The discussion over health policy rages over who will pay -- private insurance, companies, "single payer," Obamacare, VA, Medicare, Medicaid, and so on -- as if once that's decided everything is all right -- as if once we figure out who is paying the check, the provision of health care is as straightforward a service ...
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Dollarize Argentina
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Fed Nixes Narrow Bank
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Cause, effect, and carbon
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The Tax-and-Spend Health-Care Solution
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Post-Apocalyptic Health Care
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Modigliani-Miller theorem repealed, reports PBS
Peterson Institute
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Surprised? US Multinationals Didn’t Repatriate a Gusher of Cash
Despite the Tax Cuts and Jobs Act of 2017 (TCJA), US multinational companies (MNCs) did not repatriate a gusher of cash from their operations abroad during the first half of 2018. According to the Bureau of Economic Analysis, US MNCs repatriated $465 billion, substantially more than the $73 billion repatriated in the first half of 2017, but a small fraction of the cash tsunami that President Donald Trump anticipated.1 In August 2017, Trump...
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Trade, Inflation Targeting, and Central Bank Independence
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China, the United States, and Damage to the IMF
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Maduro’s Economic Plan for Venezuela: Back to the 1980s?
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Turkey Faces Its Crisis with Shaky Leadership and Few Friends
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Iran Sanctions Redux
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May’s Brexit Vision Invites More Confrontation with the EU
Ben Bernanke at Brookings
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The housing bubble, the credit crunch, and the Great Recession: A reply to Paul Krugman
By Ben S. Bernanke Why was the Great Recession so deep? Certainly, the collapse of the housing bubble was the key precipitating event; falling house prices depressed consumer wealth and spending while leading to sharp reductions in residential construction. However, as I argue in a new paper and blog post, the most damaging aspect of the unwinding bubble was that it ultimately touched off a broad-based financial panic, including runs on...
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Financial panic and credit disruptions in the 2007-09 crisis
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Temporary price-level targeting: An alternative framework for monetary policy
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When growth is not enough
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Some reflections on Japanese monetary policy
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The zero lower bound on interest rates: How should the Fed respond?
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How big a problem is the zero lower bound on interest rates?
David Andolfatto: Macro Mania
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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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FOMC Preview: “We Have the Nerve to Invert the Curve”
The quote in the title should be the motto for the 2018-2019 FOMC. For the FOMC is set to raise its interest rate target next week and expected to raise it several times more in 2019 despite a flattening treasury yield curve. As seen in the above chart, the outright inversion of the treasury yield typically leads to a recession. Despite this robust pattern, a growing number of Fed officials have become emboldened in their dismissal of it...
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More Non-Star Metrics for Monetary Policy
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The Fed’s Floor System: Sayonara?
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Navigating by the Stars and Steadying the Ship Speed
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Closer to OCA Criteria: Eurozone or Dollarzone?
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Will Australia Be the First Country to Try NGDPLT?
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The Future of the Eurozone
John B. Taylor
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Econ 1, Tiger Woods, and the [email protected]
Today is the first day of the fall quarter at Stanford, and I begin teaching Economics 1, the introductory economics course, and the course after which this blog is named. The first day is always exciting, especially with many first-year students in class as is the case with Economics 1. With Tiger Woods just winning the Tour Championship, I have a wonderful example today of opportunity costs. Tiger took my course in 1996. He was the best...
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Stiglitz, Summers, Secular Stagnation, and the Supply Side
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17 Years of Economic and Security Challenges
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A Boot Camp with a Good Policy Workout
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Turkey Tantrum Contagion Not Automatic, Rather Policy Dependent
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Rules and Strategies in the Fed’s New Monetary Policy Report
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Still Exploding After All These Years
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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Trump Renews Charges of Chinese Currency Manipulation
September 23, 2018 — The US Treasury is due in October to submit its biannual report to Congress on what countries, if any, are manipulating their currencies to gain unfair trade advantage. President Trump has recently resumed the accusation against China that he made during the election campaign. “I think China’s manipulating their currency, absolutely. And I think the euro is being manipulated also,” he told Reuters. He is apparently...
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Reply to an MMT critique of my column on pro-cyclical policy
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The Next Recession Could Be a Bad One
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Rising US Real Interest Rates Imply Falling Commodity Prices
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Could the July 25 Trump-Juncker Trade Agreement Work?
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Apology Tour d’horizon
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Protectionism is Nothing New for Republicans
Brad Delong, Berkeley
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Grasping Reality with at Least Three Hands 2018-09-18 01:36:05
Larry Summers: The Five Best Books on Globalization: "The Economic Consequences of the Peace https://books.google.com/books?id=AX1EAAAAIAAJ, by John Maynard Keynes; Manias, Panics, and Crashes https://books.google.com/books?isbn=0230365353, by Charles Kindleberger; Globalization and Its Discontents https://books.google.com/books?isbn=0393071073, by Joseph E Stiglitz; Why Globalization Works https://books.google.com/books?isbn=0300102526,...
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Grasping Reality with at Least Three Hands 2018-09-18 01:22:41
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(Mis)using the Solow Growth Model: Stanford (and Other) Right-Wing Economists Behaving Badly…
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Using the Solow Growth Model: Assessing the Clinton Administration’s 1993 Deficit-Reduction Program
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Grasping Reality with at Least Three Hands 2018-09-17 17:03:23
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Using the Solow Growth Model
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Consumption and Well-Being in the Solow Model
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
