Links for 12-11-17

• Sugar high is the diagnosis, tax cuts are the wrong prescription - Larry Summers
• Pessimism and Paralysis in the Aftermath of the Financial Crisis - Paul Krugman
• How much debt do we need? My answer: 70% of GDP - Roger E. A. Farmer
• In defence of the labour theory of value - Stumbling and Mumbling
• The "Secret" Driver of US Health Care Costs: Politicians - ProMarket
• Janet Yellen's Tenure, in Retrospect - Douglas Campbell
• Janet Yellen Didn’t Set Out to Be a Feminist Hero - The New York Times
• A Monetary Policy Framework for the Next Recession - Cecchetti & Schoenholtz
• The Bank of England as a Lender of Last Resort - Bank Underground
• Vocational education, manufacturing, and income distribution - VoxEU
• A Bold Instance of Political Imagination and Rule Breaking - Economic Principals
• The Sustainable Bond-Finance Laffer Curve - Nick Rowe
• More on the Problem with Bayesian Model Averaging - No Hesitations
• Global growth in 2018 – slowing but not slow - Gavyn Davies
• China’s productivity performance revisited - VoxEU
• Do You Rejoice for China? - Tim Taylor