Links for 05-23-17

• Why You Should Never Use the Hodrick-Prescott Filter - James Hamilton
• Gap between what is widely believed and market evidence - Larry Summers
• Trump Budget Proposes Path to a New Gilded Age - Robert Greenstein
• How university admissions can help integrate secondary schools - VoxEU
• Why Opportunity and Inclusion Matter for Economic Strength - Lael Brainard
• Will the Trump admin double-count its magic asterisk? - Equitable Growth
• Big Data and Fake Forecasts - Econbrowser
• The Myth of the Exploding Safety Net - CBPP
• Fees Add Up - The Baseline Scenario
• "Antimonopoly Is as Old as the Republic" - ProMarket
• GDPNow's Second Quarter Forecast: Is It Too High? - macroblog
• Rising Job Tenure and Its Tradeoffs - Tim Taylor
• Food Aid, Interactions as IVs, and Spurious Findings - Marc Bellemare
• A Financial Approach to the 'Clash of Cultures' - Magic, maths and money
• Reserve Requirements as a Chinese Macro Policy Tool - FRBSF
• Measuring Trend Inflation with the Underlying Inflation Gauge - Liberty Street
• Still not getting it after all these years - mainly macro
• Regulatory Discretion and Asset Prices - Cecchetti & Schoenholtz
• Adjudicating by Algorithm, Regulating by Robot - Regulatory Review