Links for 04-04-17

• Caution Signals Are Blinking for the Trump Bull Market - Robert Shiller
• Effects of Consumption Taxes on Real Exchange Rates and Trade Balances - PIIE
• The conduct of monetary policy in a diverse monetary union - Enrico Perotti
• The Winners are Capturing Much More of the Welfare - ProMarket
• A Challenge to the Fed's Normalization Plans - David Beckworth
• High Wages encourage Innovation? - Nick Rowe
• The role of rainfall in Africa's ethnic conflicts - VoxEU
• The GDP Is a Flawed But Magical Indicator - Bloomberg View