Links (7/9/18)

• How to Lose a Trade War - Paul Krugman
• Fiscal Policy in Good Times and Bad - FRBSF
• U.S.-China Trade War: How We Got Here - Brad Setser
• Next Generation Monetary Policy - Miles Kimball
• Inflation Expectations as a Policy Tool? - NBER
• Financial globalisation and the welfare state - VoxEU
• The Trust Machine: The Story of Bitcoin - MacroMania
• Redistributing the Gains From Trade Through Progressive Taxation - NBER
• Don't Fear the Inversion - It's the Short Rate That Kills You - Stephen Williamson
• Interpreting Dummy Variables After Non-Linear Transformations - Dave Giles