Economist's View

Links (7/18/18)

• The G.O.P.’s War on the Poor - Paul Krugman
• The geography of consumption - VoxEU
• The Circa-1870 Disjunction Between Production and Distribution - Brad DeLong
• The Premium for Money-Like Assets - Liberty Street Economics
• Powell Wants to Create Some Mystery Around Fed Meetings - Bloomberg
• Comey, the New York Times, Obama and the Lucas Critique - Cheap Talk
• Downward causation - Understanding Society
• The economics of blockchains - VoxEU
• FedViews - FRBSF

Links (7/16/18)

• Benefits, Work, and Poverty - Paul Krugman
• Trump and Brexit - mainly macro
• Cyber Instability - Cecchetti & Schoenholtz
• The Two NATOs - Economic Principals
• Carbon Dioxide Emissions: Global and US - Tim Taylor
• Trade agreements and global production - VoxEU
• More on Regression Coefficient Interpretation - Dave Giles
• What Game Theory Says About Trump’s Trade Strategy - Bloomberg

Links (7/13/18)

• For Trump, Failure Is the Only Option - Paul Krugman
• The Economic Consequences of Trump’s Trade War - Barry Eichengreen
• Gender Issues: Relatively Recent and Worth Reading... - Brad DeLong
• Time invested in the past dictates willingness to wait for rewards - EurekAlert
• Declining responsiveness and the productivity slowdown - VoxEU
• Time to Reform Unemployment Insurance - Tim Taylor
• The micro incompetence of UK austerity - mainly macro
• Loss Aversion - John Cochrane
• Understanding Hawks and Doves - Kansas City Fed

Links (7/11/18)

• Brexit Meets Gravity - Paul Krugman
• What determines value? - Growth Economics
• On class separation - Stumbling and Mumbling
• Taxing the Intangible Economy - Roger Farmer
• Trump, Tariffs, Tofu and Tax Cuts - Paul Krugman
• How To Avoid a Trade War - Dani Rodrik
• Europe, migrants and trade - Thomas Piketty
• The term structure and recessions before the Fed - VoxEU
• Slowing Growth in Educational Attainment - FRB Richmond
• Globalisation and inequality in a more educated world - VoxEU
• The conservative caricature of Keynesianism - The Washington Post
• How Monopsonies Work, Now With More Numbers… – Jodi Beggs
• Manufacturing Jobs and Trade with China - Microeconomic Insights
• The Acceleration of Growth of the Value of Human Knowledge - Brad DeLong

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

Links (7/6/18)

• More on a Job Guarantee (Wonkish) - Paul Krugman
• Fresh Proof That Strong Unions Help Reduce Income Inequality - Susan Dynarski
• QE Skeptics Overstate Their Case - Joseph Gagnon
• Economy Adds 213,000 Jobs in June, Unemployment Edges Up to 4.0 Percent - Dean Baker
• Does Ownership of Financial Assets Lead Voters to Support Republicans? - ProMarket
• Big Business Reaps Trump’s Whirlwind - Paul Krugman
• How Much Patience Does the White House Have for a Hawkish Fed? - The New York Times
• Understanding the importance of monopsony power in the U.S. labor market - Equitable Growth
• A carbon tax would be less regressive than energy efficiency standards - VoxEU
• The new Fama puzzle - VoxEU
• Central Bankers Should “Stay Away From Davos” - ProMarket

 

Links (7/4/18)

• America the Loser - J. Bradford DeLong
• Let unions erode at your peril - Financial Times
• Optimal inflation and the identification of the Phillips curve - VoxEU
• Computerisation, routinisation, and aggregate productivity - VoxEU
• The direct and indirect real effects of credit supply shocks - VoxEU
• Larry Kudlow’s specious supply-side tax cut claim - The Boston Globe
• Radical Democrats Are Pretty Reasonable - Paul Krugman
• A jobs guarantee — progressives’ latest big idea - Larry Summers
• What Does Daylight Saving Time Really Save? - Severin Boernstein
• Trump’s Taking Us From Temper Tantrum to Trade War - Paul Krugman
• Devaluation Risk Makes China’s Balance of Payments Interesting (Again) - Brad Setser

Links (7/2/18)

• Trump’s Potemkin Economy - Paul Krugman
• American Democracy on the Brink - Joseph E. Stiglitz
• Worries about the yield curve - Econbrowser
• Big Tech Is a Big Problem - Kenneth Rogoff
• Scott Pruitt is now waging a war on economics - Environmental Economics
• Black-White Income and Wealth Gaps - Tim Taylor
• Fiscal Sustainability: A Primer - Cecchetti & Schoenholtz
• Dummy Variables in a Semilogarithmic Regression - Dave Giles
• Authority - interfluidity
• Double or Nothing - Economic Principals
• The First Patent Litigation Explosion - A Fine Theorem
• Long-term effects of cash transfers - VoxEU
• Micro Profs teaching Intro Macro - Nick Rowe
• Trump Versus the Hog-Maker - Paul Krugman
• There are more foreign firms than we think! - VoxEU

Links (6/28/18)

• The value of late-in-life health care spending - MIT News
• The Great Soybean Conspiracy - Paul Krugman
• Uses and Abuses of Economic Formalism - Paul Krugman
• Can the Income-Expenditure Discrepancy Improve Forecasts? - FRBSF
• The career cost of children: career and fertility trade-offs - Microeconomic Insights
• The Monumental Dishonesty and Appalling Bad Faith of Chief Justice Roberts’s Decision - Uneasy Money
• Race and economic opportunity in the United States - VoxEU
• Are markets Too Concentrated? - FRB Richmond
• Centrists against freedom - Stumbling and Mumbling
• The rise and reversal of college education - FRB Minneapolis
• Reducing inequality with the minimum wage - FRB Minneapolis
• The Right and the Wrong Ways to Adjust the U.S.—China Trade Balance - Brad Setser
• Trump Never Really Ordered a Halt to Child Separations - Regulatory Review
• Subsidised childcare, maternal labour supply, and children’s outcomes - VoxEU
• US Homeownership Patterns - Tim Taylor

Links (6/25/18)

• What Happened: Financial Factors in the Great Recession (NBER) - Gertler and Gilchrist
• Global financial cycles and risk premiums - VoxEU
• The Medical Bankruptcies Debate - Tim Taylor
• Hydraulic Monetarism - Nick Rowe
• Elasticities and the Inverse Hyperbolic Sine Transformation - Marc F. Bellemare
• Policymakers can’t tackle inequitable growth if it isn’t measured - Equitable Growth
• Monies (old and new) through the lenses of modern accounting - VoxEU
• Sudden Stops: A Primer on Balance-of-Payments Crises - Cecchetti & Schoenholtz
• The John Taylor-backed “stablecoin” that's backed by, um, stability - FT Alphaville
• Gender, informal employment, and trade liberalisation in Mexico - VoxEU
• Peter Christoffersen and Forecast Evaluation - No Hesitations
• Hyping the Cost of Regulation - Regulatory Review
• As Maine Goes… - Economic Principals
• Shakespeare on tyranny - Understanding Society

Links

• Brexit Versus Trumpit (Wonkish) - Paul Krugman
• Once Cut, Corporate Income Taxes Are Hard to Restore - Robert Shiller
• A lucky boy from a golden age of economics - Nicholas Gruen
• Who’s Afraid of a Flattening Yield Curve? - Uneasy Money
• What Would Happen if China Started Selling Off Its Treasury Portfolio? - Brad Setser
• Happiness Around the World--And For Migrants - Tim Taylor
• The Paradox of Technological Déjà Vu – Digitopoly
• What to do with missing payments to factors of production - VoxEU
• Was the Marketplace of Ideas “Politically Hijacked”? - ProMarket
• High-frequency Spending Responses to the Earned Income Tax Credit - The Fed
• A new mandate for monetary policy - mainly macro
• The Dramatic Expansion of Corporate Bonds - Tim Taylor
• Return of the Blood Libel - Paul Krugman

Links

• Alongside rising top incomes, the level of living of America’s poorest has fallen - VoxEU
• Interview with Marianne Bertrand - Federal Reserve Bank of Minneapolis
• What Does "Serious" Mean? - Stephen Williamson
• The Devil and Tom Donohue - Paul Krugman
• Thinking About a Trade War (Very Wonkish) - Paul Krugman
• The Charts That Show How Big Business Is Winning - The New York Times
• What Did the Romans Ever Do for Us? - Paul Krugman
• Fall of the American Empire - Paul Krugman
• Practical macroeconomic policy evaluation - Narayana Kocherlakota
• On Science Advancing One Funeral at a Time - ProMarket
• Capitalism works best in the Old World - Financial Times
• Now Is the Time for Banking Culture Reform - John Williams
• Do Foreign Funds Matter for Emerging Market Bond Liquidity? - FRBSF
• The Referee - Economic Principals
• Inflation Policy - Cecchetti & Schoenholtz
• FedViews - FRBSF
• Imprisonment by Malthus and "Negative Liberty":- Brad DeLong
• Assessing Large Financial Firm Resolvability - FRB Richmond
• The bankruptcy of the centre right: Brexit edition - mainly macro
• The distributional consequences of monetary policy - VoxEU
• Tax Cuts and Leprechauns (Wonkish) - Paul Krugman
• Unemployment and inflation once again... - Brad DeLong
• Autonomous Vehicles: Here's One Crystal Ball - Tim Taylor
• Emerging Markets Under Pressure - Brad Setser
• Bob Allen's new "poverty machine" and its implications - globalinequality
• How the safety net can survive Trump - Lane Kenworthy
• Why employment rates in the US have lagged other countries - VoxEU
• G.O.P. to Americans With Health Problems: Drop Dead - Paul Krugman

Links

• It’s time for Identity Portability – Digitopoly
• Equitable Growth in Conversation: Michael Strain - Equitable Growth
• Unions Did Great Things for the Working Class - Noah Smith
• More Permissive Zoning Codes Could Make Workers Richer - Regulatory Review
• Sovereign Money, Narrow Banks, Digital Currency, etc. - Stephen Williamson
• Optimal Monetary Policy For the Masses - David Beckworth
• How UK deficit hysteria began - mainly macro
• Adjusting to Autonomous Trucking – Digitopoly
• Global debt and equilibrium interest rates - VoxEU
• Can the Euro Be Saved? - Joseph E. Stiglitz
• The Parable of the Fruit Trees - Nick Rowe
• G-7, G7+, G20 - Tim Taylor

Links

• O Canada - Brad Setser
• A Quisling and His Enablers - Paul Krugman
• The Transferunion fantasy - Thomas Piketty
• Sustained growth and the increase in work hours - Growth Economics
• A Tale of Three Nominal GDP Growth Paths - Macro Musings
• Summit on Diversity in Economics - Women in Economics at Berkeley
• Digitalisation of money and the future of monetary policy - VoxEU
• E-Commerce Might Help Solve the Mystery of Low Inflation - New York Times
• Financial repression and bank lending - All About Finance
• Do Wages in High-Earning Sectors Always Reflect Skills? - ProMarket

Links

• Debacle in Quebec - Paul Krugman
• The big problem China will face in a decade - Brad DeLong
• How Democratic Is the Euro? - Dani Rodrik
• Why Macro should embrace distributional economics - Equitable Growth
• Would Single-Payer Require Painful Sacrifices From Doctors? - Robert Frank
• US Intergenerational Mobility: An International Perspective - Tim Taylor
• Banks and Money, Or Watch out What You Wish For - Cecchetti & Schoenholtz
• Some ways to introduce a modern debt Jubilee - VoxEU
• A Better Electoral System in Maine - Maskin and Sen
• The Mystery of Puny Pay Raises - Noah Smith
• Demographics and long-run growth - VoxEU
• Homer Stirs - Economic Principals
• Trade Deficit Rising! - Econbrowser
• The inflation laggards — are they turning hawkish? - Gavyn Davies
• Tax Havens Blunt Impact of Corporate Tax Cut - New York Times
• Does Direct Democracy Reduce Regulatory Capture? - ProMarket
• Reviewing Richard Baldwin's The Great Convergence... - Brad DeLong
• AI and the paperclip problem - VoxEU

Links

• Corruption Hits the Small Time - Paul Krugman
• Flat Yield Curve May Result in a More Aggressive Fed - Tim Duy
• Inflation forecasting in emerging market economies - VoxEU
• Measuring competition - Stumbling and Mumbling
• Why Cities Can’t Stop Poaching From One Another - The New York Times
• Should peer to peer lenders exist in theory? - Bank Underground
• Rethinking the Fed’s Two Percent Inflation Target - Brookings
• Machines Learning Finance - No Hesitations
• Productivity and Pay: Is the Link Broken? - Stansbury and Summers

Links

Hi:

Just as I was trying post more often once again I broke my upper right arm. Thought I had broken my left wrist too but that's just a severe sprain. I can hardly type for now.

• Intellectuals, Politics and Bad Faith - Paul Krugman
• Project Link update - Stephen Gordon
• Keynes and the Fisher Equation - Uneasy Money
• Lend Me Your Ears: Friedman and The Role of Financial Policy - Roger Farmer
• Are Emerging Markets the Canary in the Financial Coal Mine? - Kenneth Rogoff
• This Is What Monopoly Looks Like: The Italian Tobacco Sector in the Late 19th Century - ProMarket
• Still No Inflation Puzzle - Joseph Gagnon
• Slower Productivity and Higher Inequality: Are They Related? - Furman and Orzag
• ‘Metrics Monday: Causality and Copenhagen Course, Lectures 1 and 2 - Marc Bellemare
• Donald Trump’s trade policy violates every rule of strategy - Larry Summers
• How Durable is China’s Rebalancing? - Brad Setser
• Trade Deals or Macroeconomic Shocks? - Brad Setser
• An Update On Ben Bernanke’s Helicopter… - Jodi Beggs
• The Series of Unsurprising Results in Economics (SURE) - Dave Giles
• Italeave: Mother of all financial crises - Cecchetti and Schoenholtz
• The Fed Will Soon Switch Off the Autopilot - Tim Duy

Links

• Trump’s Manchurian Trade Policy - Paul Krugman
• Trump is enabling a predatory economy - Helaine Olen
• Is GDP Overstating Economic Activity? - FRBSF
• Interview of Gabriel Zucman - ProMarket
• Cultural proximity and loans - Microeconomic Insights
• The Uniqueness of the Cointegrating Vector - Dave Giles
• Central Bank Digital Currency and monetary policy - Bank Underground
• Why central banks should stabilize the stock market - Roger Farmer
• Nominal wages are not real wages, and why it matters in the UK - mainly macro
• The euro must be made more robust to rival the dollar - FT

Links

• Trump’s Manchurian Trade Policy - Paul Krugman
• Actually, the U.S. Can Afford Welfare - Justin Fox
• The Economics of Disintegration of the Greenland Ice Sheet - NBER
• Germany's Prosperity: How Stable are the Foundations? - Tim Taylor
• Core Design Principles for a Central Bank Digital Currency - Bank Underground
• The “accounting view” of money: money as equity - All About Finance
• News Values - Economic Principals
• Great Recession: New Car Buyers Hold Cars Longer on Hold - St. Louis Fed
• The carbon bubble and the pricing of bank loans - VoxEU

Links

• Turmoil for Turkey’s Trump - Paul Krugman
• The ‘suprasecular’ stagnation - VoxEU
• A Rescue Plan for a Jobs Crisis in the Heartland - Glaeser, Summers, Austin
• E-autocracy: Surveillance and propaganda in Chinese social media - VoxEU
• Monetary Policy and the Crosswinds of Change - Charles Evans
• Google and Facebook’s “Kill Zone” - ProMarket
• The declining share of manufacturing jobs - VoxEU
• Improved financial regulation deters misconduct - EurekAlert!
• Long Horizon Uncovered Interest Parity, Updated - Econbrowser
• Minutes of the Federal Open Market Committee, May 1-2, 2018 - FRB
• Can Credit Tightening Spur Social Unrest? Evidence from 1930s China - ProMarket

Links

• Why a Trade War With China Isn’t “Easy to Win” - Paul Krugman
• The Future Fortunes of R-star: Are They Really Rising? - John Williams
• Congress Approves First Big Dodd-Frank Rollback - The New York Times
• US Hurricane Clustering: A New Reality? - Bank Underground
• Argentina: Sustainable, Yes, Perhaps, with Adjustment - Brad Setser
• How the Unfettered Fed Flattened the Phillips Curve - WSJ
• Anatomy of a trade collapse: The UK, 1929-33 - VoxEU
• What’s the Matter With Europe? - Paul Krugman
• The “accounting view” of money: money as equity - All About Finance

Links

• Monopsony, Rigidity, and the Wage Puzzle (Wonkish) - Paul Krugman
• Does the New Keynesian Model Have a Uniqueness Problem? - NBER
• The Old Allure of New Money - Robert Shiller
• Bitcoin, Vollgeld, and popular views of money - VoxEU
• The /Other/ Russia Story - Economic Principals
• When quotas reduce discrimination - VoxEU
• Monopsony in online labour markets - VoxEU
• Shining a light on PPP measurement - VoxEU
• China Now Has a Trade Deficit - Tim Taylor
• A Bad Deal on Currency (with Korea) - Brad Setser
• Making Unelected Power Legitimate - Cecchetti & Schoenholtz
• Economic Predictions with Big Data: The Illusion of Sparsity - Liberty Street
• Did China Just Bribe Trump to Undermine National Security? - Paul Krugman
• Nominal Wage Rigidities and the Path of Wage Growth - José Mustre-del-Río
• How the media and politicians dumb down economics - mainly macro
• What the Microsoft Antitrust Case Taught Us - The New York Times
• Freeing Econ 101: Beyond the Grasp of the Invisible Hand - Behavioral Scientist
• The populism backlash: An economically driven backlash - VoxEU
• Trump and the G.O.P. Show the Wrong Way to Cut Red Tape - New York Times

Links

• America’s Dismal Turning Point - Paul Krugman
• Don’t Fall for Employers’ Whining About a ‘Skills Gap’ - Bloomberg
• Trump lags behind his predecessors on economic growth - Brookings
• Monetary policy and inequality: A new channel - VoxEU
• Nominal Wage Rigidities and the Future Path of Wage Growth - Kansas City Fed
• The Bankrupt Ideology of Business School - The New Republic
• Will the Paris Agreement Help or Hinder Cooperation among Nations? - Robert Stavins

Links

• Economics trails the sciences in attracting a diverse student mix - Mary Daly
• Rethinking Stigler’s Theory of Regulation: Regulatory Capture or Deregulatory Capture? - ProMarket
• Just Saying Yes to Drug Companies - Paul Krugman
• On neoliberalism - Stumbling and Mumbling
• Do larger health insurance subsidies benefit patients or producers? - Microeconomic Insights
• Companies Can't Hold the Line on U.S. Wages Much Longer - Tim Duy
• Structural change and the productivity slowdown - VoxEU
• Cryptocurrencies, Digital Currencies, and Distributed Ledger Technologies - Lael Brainard
• G.O.P. Insists Making Poor People Work Lifts Them Up. Where’s the Proof? - NYTimes
• The US Petroleum Trade Balance - Econbrowser
• The effects of legalising undocumented immigrants - VoxEU
• The current economy and the outlook - FRBSF

Links

• What’s Good for Pharma Isn’t Good for America - Paul Krugman
• Cryptocurrencies’ challenge to central banks - VoxEU
• We can't ignore climate change - Pyndyck and Stock
• Finance and the Blockchain: A Primer - Cecchetti & Schoenholtz
• The “accounting view” of money: money as equity - All About Finance
• How the broadcast media created mediamacro - mainly macro
• The Future of Reliable News - Economic Principals
• Interviews: Dow, Harcourt, Goodhart, Lawson, Nelson, Chang - Tim Taylor
• The paradox of markups, part 2 - Growth Economics
• Ireland Exports its Leprechaun - Brad Setser

Links

• The Death of Acceleration (Wonkish) - Paul Krugman
• Fiscal policy remains in the stone age - mainly macro
• It's a (low inflation) trap! - Antonio Fatas
• Initial Coin Scams - Nouriel Roubini
• Let Them Eat Trump Steaks - Paul Krugman
• Inflation, globalisation, and competition - VoxEU
• The Double Standard of America’s China Trade Policy - Dani Rodrik
• Job Guarantee: Marxist or Keynesian? - Stumbling and Mumbling
• Estimating Aggregate Fiscal Multipliers from Local Data - FRB Richmond
• Some Economic Effects of US Import Restraints - Tim Taylor
• Disaggregating the Fall in China's Current Account Surplus - Brad Setser
• More From Your Horseshoe Crab Blood Economics Leader - Tim Taylor
• Beauty contests and the term structure - VoxEU

Links

• Gnawing Away at Health Care - Paul Krugman
• May 1968 and inequality - Thomas Piketty
• The paradox of markups - Growth Economics
• Tax evasion and inequality - VoxEU
• The yield curve and the stock market - VoxEU
• Explaining Germany’s exceptional recovery: A new eBook - VoxEU
• Forecasts of the Lost Recovery - Liberty Street Economics
• TReagan's Policies: Supply-Side Miracle or Keynesian Stimulus? - Econbrowser
• Globalisation, government popularity, and the Great Skill Divide - VoxEU
• Economic policies for tectonic change - FT

Links

• Unnatural Economics (Wonkish) - Paul Krugman
• The Destruction of the Republican Party - J. Bradford DeLong
• A very simple model of too much city - Nick Rowe
• How Futures Trading Changed Bitcoin Prices - FRBSF
• Banking the Masses: 2018 Edition - Cecchetti & Schoenholtz
• Corporate Profit Margins at Risk From Rising Input Prices - Tim Duy
• It’s not just monopoly and monopsony - EPI
• Making (some) sense of cryptocurrencies - VoxEU
• State of the union - gender equality - Women in Economics at Berkeley
• The threat of secular stagnation has not gone away - Larry Summers
• CA’s Crude Oil Production and its Climate Change Policies - Robert Stavins
• How to spot fraudulent economic arguments - mainly macro
• How to represent the interests of future generations now - VoxEU
• Black Unemployment Is at an All-Time Low, But ... - Bloomberg
• What the boss wants to hear ... - Understanding Society
• After the Next Recession - Economic Principals
• Is the economy overheating? - Econbrowser

Links

• Free markets require robust social insurance. - The Washington Post
• "The Very Structure of Capitalism Is Inherently Monopolistic" - ProMarket
• Is the Great Recession Still Holding Down Wages? (Wonkish) - Paul Krugman
• Unemployment Falls to 3.9 percent, Wage Growth Remains Weak - Dean Baker
• Apple and the Fruits of Tax Cuts - Paul Krugman
• Progress in economics - Stumbling and Mumbling
• Hamilton on Econometrics, Energy, and Low Interest Rates - David Beckworth
• Rising Bilateral Deficit with China, Negotiations Over China 2025 - Brad Setser
• Spring 2018 Journal of Economic Perspectives is Online - Tim Taylor
• Donald Trump’s Normal Fed - Kenneth Rogoff
• The influence of Karl Marx—a counterfactual - globalinequality
• Don’t go spare over excess capacity in manufactures - VoxEU
• Financial globalisation, bank lending and the limits of monetary policy - VoxEU
• Politicians Don’t Need New Ideas - Paul Krugman
• Why was economics so insular? - mainly macro
• The Eurasian Landbridge and China's Belt and Road Initiative - VoxEU
• Can an Emerging Economy Hold Too Many Foreign Assets? - Brad Setser

Links

• How’s That Tax Cut Working Out? - Paul Krugman
• Gender and collaboration in economic research - VoxEU
• Economics: Reviled Because It Matters - Tim Taylor
• Econ Grapples With What Causes Recessions - Noah Smith
• Investment Boom From Trump’s Tax Cut Has Yet to Appear - NYTimes
• The strong economy: how Brexit dishonesty began - mainly macro
• Excessive Zoning Makes Us Poorer and More Unequal - ProMarket
• Is The Economist Correct About the State of Applied Micro? - Matthew Kahn
• An Age Such As This - Economic Principals
• Quantifying the gains from trade - VoxEU
• The financial power of the powerless - VoxEU
• Is Marx Still Relevant? - Peter Singer

Links

• Inequality in US Life Expectancy - Tim Taylor
• Opinion | Trump’s War on the Poor - Paul Krugman
• Data Workers of the World, Unite! - ProMarket
• How much does infrastructure boost an economy? - MIT News
• Macroeconomic Policy Reform the IPPR way - mainly macro
• Some Things Are Worse Than Paying Taxes - Justin Fox
• Why Innovation Tends to Bypass Mainstream Economics - Bloomberg
• Keynesian economics without the Phillips curve - Farmer and Nicolò
• Econ Critics Are Stuck in the Past - Noah Smith
• Revisiting the 1990s debate on globalisation - VoxEU
• The curse of persistently low real interest rates - VoxEU
• Rethinking the macroeconomics of resource-rich countries - VoxEU
• Do Firms Use Capital and Labor Efficiently? - ProMarket
• Opinion | We Don’t Need No Education - Paul Krugman
• Hayek, Radner and Rational-Expectations Equilibrium - Uneasy Money
• Regulatory failure - Understanding Society
• Is Amazon really an antitrust worry? – Digitopoly
• Opinion | Americans Aren’t Centrist on Economics - NYTimes
• Universal Central Bank Digital Currency? - Cecchetti & Schoenholtz

Links

• Winners and losers from rising American inequality - VoxEU
• A Tribute to Uwe Reinhardt - Paul Krugman
• Metrics Monday: Don’t Overcontrol - Marc Bellemare
• A hostile environment - mainly macro
• Steel Tariffs and Wages (Painfully Wonkish) - Paul Krugman
• "What Money Can't Buy" with Sandel, Barro, and Summers - Matthew Kahn
• Marx and modern microeconomics - Samuel Bowles
• The 2018 John Bates Clark: Parag Pathak - A Fine Theorem
• How the Loss of Union Power Has Hurt American Manufacturing - NYTimes
• Good bad theories - Stumbling and Mumbling
• The Clean Cooking Problem: 2.3 Million Deaths Annually - Tim Taylor
• International transmission of monetary policy via banks - VoxEU
• The Great Snake Oil Slump - Paul Krugman
• Natural Resources, Living Standards and Inequality - Livio Di Matteo
• U.S. inequality: It's worse than we thought - FRB Minneapolis
• Facts vs hand-waving in economics - Stumbling and Mumbling
• Moving the Overton Window: Let the Debate Continue - Roger Farmer
• Did macro give up on explaining recent economic history? - mainly macro

Links

• Trump’s Advisors Recognize That His China Tariff Strategy Calls for… What Might You Call It? A “Trans-Pacific Partnership”, Perhaps? - Equitable Growth
• Equilibrium Selection, Observability and Backward-stable Solutions - Brad DeLong
• On Equilibrium in Economic Theory - Uneasy Money
• Scam I Amn’t: Voters and the Tax Cut - Paul Krugman
• No Worker Left Behind - Laura Tyson & Lenny Mendonca
• Why Democracy Fails to Reduce Inequality - ProMarket
• Rent Stabilization Fails to Target Those in Need - Richard Green
• FedViews: April 12, 2018 - Federal Reserve Bank of San Francisco
• The FOMC: Inflation Theory and Inflation Control - Stephen Williamson
• The Wage Growth Premium from Changing Jobs - macroblog
• A neo-Fisherian experiment that hedges its New Keynesian bets - longandvariable
• Mexico and Its Workers Didn't Hit the Jackpot With Nafta - Bloomberg
• Important Choices for the Federal Reserve in the Years Ahead - William Dudley
• The Importance of Meta-Learning - EconoSpeak
• Mutiny on the Down-Low - Economic Principals
• Employment Breakeven Levels: They’re higher than most of us thought - Jared Bernstein
• Update: journals making it difficult to review a paper - Environmental Economics
• Krugman on renewables - Environmental Economics
• The Fed’s Asymmetric Forecast Errors - Andrew C. Chang
• How Much Consumption Responds to Government Stimulus - FRBSF
• Can Media and Text Analytics Provide Insights into Labour Market Conditions in China? - Econbrowser
• Prediction Machines – Digitopoly
• Trump Picks Monetary Expert for No. 2 Job at Federal Reserve - The New York Times
• On the Distribution of Wealth - Cecchetti & Schoenholtz
• Mortgage-Backed Securities Ratings and Losses Maybe Not So Bad - Carola Binder
• Opinion | Earth, Wind and Liars - Paul Krugman
• On the rift between economics and everything else - Notes On Liberty
• What Does Economics Need to Learn Next? - Brad DeLong
• Jupyter, Mathematica, and the Future of the Research Paper – Paul Romer
• Standing on the Shoulders of Giants - Roger E. A. Farmer
• Wage returns to schooling and early work experience - VoxEU
• Opinion | The Paul Ryan Story: From Flimflam to Fascism - Paul Krugman
• The Dream of a Republican New Deal - The New York Times
• China’s Communists Rewrite the Rules for Foreign Businesses - The New York Times
• Fiscal Rules: Make them Easy to Love and Hard to Cheat - IMF Blog
• What can regional data tell us about the UK Phillips Curve? - Bank Underground
• State and Local Spending on Higher Education - Tim Taylor
• The leverage ratio as a macroprudential policy instrument - VoxEU
• Paul Ryan's Roadmap Was an Epic Fiscal Failure - Justin Fox
• China’s hidden shipbuilding subsidies and their impact on its industrial dominance - Microeconomic Insights
• Solutions to the Threats of Digital Monopolies - ProMarket

Links for 04-10-18

• The Fallacy of the Free Market - James Kwak
• Trump’s Trade Confusion - Joseph E. Stiglitz
• Capital in Russia - Thomas Piketty
• What’s Been Stopping the Left? - Dani Rodrik
• Opinion | Obamacare’s Very Stable Genius - Paul Krugman
• Supporting Strong, Steady, and Sustainable Growth - John Williams
• A debt crisis is coming. But don’t blame entitlements. - The Washington Post
• Price-level targeting to escape the zero lower bound - VoxEU
• Phillips Curve bashing and immaculate inflation - longandvariable
• Vulnerable Growth - Liberty Street Economics
• US Lagging in Labor Force Participation - Tim Taylor
• Donald Trump trade threats lack credibility - Larry Summers
• Opinion | Unicorns of the Intellectual Right - Paul Krugman
• DSGE models: A cup half full - John Williams
• What Random Walks in Multiple Dimensions Teach You About Life - WIRED
• Reflections on Economics and Policy Making in the Environmental Domain - Robert Stavins
• Should the 5% Convention for Statistical Significance be Dramatically Lower? - Tim Taylor
• "Trickle Down", "Magic Dirt", memes and deep parameters - Nick Rowe
• Misconceptions about Milton Friedman's 1968 Presidential Address - Tim Taylor
• Early gender gaps among university graduates - VoxEU
• The Outlook for the U.S. Economy - Jerome Powell
• Modern Money Theory (MMT) vs. Structural Keynesianism - Thomas Palley
• Unemployment Holds at 4.1 Percent in March, Wage Growth Picks Up - Jobs Bytes
• The economic impacts of immigration to the UK - VoxEU
• Disagreeing With Krugman: Is China Stealing Knowledge? - Dean Baker
• The Art of the Flail - Paul Krugman
• The Roots of ‘Bubbly’ Recessions - Federal Reserve Bank of Richmond

Links for 04-04-18

• Trade Wars, Stranded Assets, and the Stock Market - Paul Krugman
• No, “Obamasclerosis” wasnt a real problem for the economy - Larry Summers
• Will China Really Supplant US Economic Hegemony? - Kenneth Rogoff
• Consumption data: New frontiers - VoxEU
• The dollar-euro exchange rate, 2016-2018 - VoxEU
• India’s Path to Stigmatized Capitalism - Arvind Subramanian
• What’s the Matter With Trumpland? - Paul Krugman
• Inequality and poverty - Stumbling and Mumbling
• Safeguarding public interests in the platform economy - VoxEU
• A recipe for monetary policy in emerging market economies - VoxEU
• Flexible Price-Level Targeting in the Big Picture - macroblog
• Raising the Speed Limit on Future Growth - FRBSF

Links for 04-02-18

• Will China Really Supplant US Economic Hegemony? - Kenneth Rogoff
• The Debate on Trade Deficits Is Littered with Misconceptions - Joseph Gagnon
• Big Business Is Too Big - The New York Times
• ‘Metrics Monday: Survivorship Bias - Marc F. Bellemare
• Liquidity Regulation is Back - Cecchetti & Schoenholtz
• Stabilising the real economy increases average output - VoxEU
• The uncertain future of central bank independence - VoxEU
• Cloak and… Megaphone - Economic Principals
• When did sustained growth start? - Growth Economics
• The Phillips Curve and the Lucas Critique - Uneasy Money

Links for 03-30-18

• Is It Policy, or Just Reality TV? - Paul Krugman
• How to Think About Corporate Tax Cuts - Justin Wolfers
• Misconceptions about Trade Deficits - Tim Taylor
• “Globalization Has Contributed to Tearing Societies Apart” - Dani Rodrik
• Congress Considers Going Easy on Predatory Lenders - NYTimes
• E.P.A. Prepares to Roll Back Rules Requiring Cars to Be Cleaner - NYTimes
• Endogenous Uncertainty - Fed in Print
• Inflation and Unemployment (Part 2) - MacroMania
• Beware Economists Who Warn of an Entitlement Explosion - Justin Fox
• NY Fed's Next President Should Be More Challenging - Narayana Kocherlakota
• The UK’s productivity puzzle is in the top tail - Bank Underground

Links for 03-28-18

• Immaculate Inflation Strikes Again (Wonkish) - Paul Krugman
• The Phillips Curve and Identification Problems - Everyday Economist
• Large Scale Econometric Models: Do they Have a Future? - Roger E. A. Farmer
• A Long-Run Monetary Policy Framework: Framing the Question - macroblog
• The Principle of Bounded Nominal Uncertainty - macroblog
• An Example of Flexible Price-Level Targeting - macroblog
• Trump’s economic team needs to grow up — fast - Washington Post
• The world is not flat - FT
• The stubbornly high cost of remittances - VoxEU
• Pols Use Economics the Way Drunks Use Lampposts - Alan Blinder
• How does monetary policy affect inequality? - Bank Underground

Links for 03-26-18

• Trade and the Cities (Wonkish) - Paul Krugman
• Tax Cuts and Wages Redux (Slightly Wonkish) - Paul Krugman
• Chinese income distribution in 2002-3 and 2013 - globalinequality
• Tariffs as a Method of Promoting LR Free Trade - Everyday Economist
• Saving the Shrinking Middle - Mohamed A. El-Erian
• The War Within The FBI - Economic Principals
• Inflation and unemployment - MacroMania
• Mechanisms, singular and general - Understanding Society
• Do Adjustment Lags Matter for Inflation-Indexed Bonds? - FRBSF
• Size is Overrated - Cecchetti & Schoenholtz

Links for 03-23-18

• Bumbling Into a Trade War - Paul Krugman
• Globalization: What Did Paul Krugman Miss? - Brad DeLong
• The Economic Scars of Crises and Recessions - IMF Blog
• The Trump Boom Is Making It Harder to See the Next Recession - Robert Shiller
• The Output Gap is no longer a sufficient statistic for inflation - mainly macro
• How economics failed us - Martin Wolf
• Response to Wolf: Economics failed us before the global crisis - Peter Doyle
• Francis Bator, Influential White House Economist, Dies at 92 - NYTimes
• Income redistribution through taxes and transfers - VoxEU
• The hysteresis-resilience trade-off in unemployment - VoxEU
• Oil prices do not affect inflation expectations after all - VoxEU
• How reciprocity can magnify inequality - EurekAlert

Links for 03-20-18

• Trump and Trade and Zombies - Paul Krugman
• The Distribution and Redistribution of US Income - Tim Taylor
• The Golden Rule - Magic, maths and money
• What economics and cars can tell us about guns - The Berkeley Blog
• Big Data and Economic Nowcasting - No Hesitations
• What anchors inflation? - MacroMania
• Tougher capital regulation pays off - Cecchetti & Schoenholtz
• What Does it Mean to Have Rational Expectations? - Roger Farmer
• A road to right wing authoritarian government - mainly macro
• The /Other/ Marshall Plan - Economic Principals

Links for 03-17-18

• Voters May Be Wising Up - Paul Krugman
• A new classification of monetary policy frameworks - VoxEU
• Monetary and Fiscal Federalism, Debt, Canada, and the Eurozone - Nick Rowe
• Paul Krugman Explains Trade and Tariffs - The New York Times
• The Skeptical View in Favor of an Antitrust Push - Tim Taylor
• Monetary policy spillovers in the first age of globalisation - Bank Underground
• Cryptocurrencies challenge the status quo - VoxEU
• Mortgage delinquency rates: A cross-country perspective - VoxEU
• The illusion of knowledge - Stumbling and Mumbling
• A Keynesian model of long-run growth - VoxEU
• What Hath Merkel Wrought? - Uneasy Money
• Household Inequality, Consumption, and Aggregate Real Shocks - FRB Chicago
• The Dollar’s Doldrums - Barry Eichengreen
• The Distribution of Gains from Globalization - The Unassuming Economist

Links for 03-13-18

• Springtime for Sycophants - Paul Krugman
• Assessing Trends in Real Shares - Econbrowser
• The consumer benefits of trade agreements - VoxEU
• Towards a Union in the Union - Thomas Piketty
• When Shall We Overcome? - Joseph E. Stiglitz
• AEA draft code of conduct - Women in Economics at Berkeley
• China’s Unnecessary and Counterproductive Fiscal Consolidation - Brad Setser
• Identification Is Not Causality, Causality Is Not Identification - Marc Bellemare
• Trade Wars Can Be a Game of Chicken. Sometimes, Literally. - NYTimes
• Budget deficits, fiscal councils and authoritarian regimes - mainly macro
• The Great Recession took a toll on public health - EurekAlert
• Shares of Real GDP Don't Give the Real Story of Manufacturing - Justin Fox
• Great Recession still plagues workers with lower lifetime wages - EurekAlert!
• The Household Fallacy - Roger E. A. Farmer
• Ergodicity - Roger E. A. Farmer
• Cultural costs of high house prices - Stumbling and Mumbling
• US economy is still far from fully recovered - Martin Sandau
• Ten Years After Bear - Cecchetti & Schoenholtz
• Can central bankers become Superforecasters? - Bank Underground
• Innovation as a Challenge to Regulation - The Regulatory Review
• Equity markets are thriving but are they relevant? - John Kay

Links for 03-12-18

• Trump’s Trade Gimmickry - Dani Rodrik
• The three mistakes of centrism - mainly macro
• Trump’s Negative Protection Racket (Wonkish) - Paul Krugman
• Graphs for the Most Basic of Business Cycle Macro Analyses - Brad DeLong
• Inflation? Bring It On. Workers Could Actually Benefit. - Isabel Sawhill
• Immigration: the wrong battle - Stumbling and Mumbling
• Potential threats to central bank independence - VoxEU
• The New Fama Puzzle, post-ZLB - Econbrowser
• FedView - FRBSF
• Special Greeting from the UCLA Causality Blog - Judea Pearl
• Putin’s Stated Plan: A High-Tech Russian Doll - Economic Principals
• The many flaws in the Senate’s rollback of Dodd-Frank - Jared Bernstein
• Job Growth Soars in February, Wage Growth Slows - Dean Baker
• How poor was 18th century France? - Notes On Liberty
• Wicksellian Exchange Rate – losinterest
• Some Economics of Place-Based Policies - Tim Taylor
• The New York Fed DSGE Model Forecast–March 2018 - Liberty Street
• Medicine Markup - FRB Richmond
• Too Many Co-Authors - FRB Richmond
• Interview of Jean Tirole - FRB Richmond

Links for 03-09-18

I kind of got behind...

• The gendered impact of eliminating mandatory retirement - Frances Woolley
• What Do Stock Prices Tell Us about the Economy? - Uneasy Money
• The productivity slowdown and labor’s income share - Equitable Growth
• A new take on low interest rates and risk taking - VoxEU
• Publicly funded applied research pays off - VoxEU
• The Real Engine of the Business Cycle - Amir Sufi & Atif Mian
• Will China Out-Innovate the West?- Edmund S. Phelps
• The Blockchain Pipe Dream - Nouriel Roubini & Preston Byrne
• Trump’s Tax on America - Brad DeLong
• What Insights Do Taxi Rides Offer into Federal Reserve Leakage? - Promarket
• Airlines Use Earnings Calls to Coordinate Capacity Reductions - ProMarket
• A Ranting Old Guy With Nukes - Paul Krugman
• Krugman’s Taking Your Questions on Trade - The New York Times
• Oh, What a Trumpy Trade War! - Paul Krugman
• Keynes on the Sequencing of Economic Policy: Recovery and Reform in 1933 - NBER
• A First Look at Employment - macroblog
• The Misthinking of Globalization—Past, Present, and Future - IGM Forum
• This article at Vox summarizes everything that I've been trying to say - Environmental Economics
• How Will the U.S. Fund its Twin Deficits? - Brad Setser
• Saving the heartland: Place-based policies in 21st Century America - Larry Summers
• Cochrane Fails to Make His Case for the Trump Tax Cut Again - EconoSpeak
• D is for Devastating: A Statistical Error and the Vitamin D Saga - Carola Binder
• The 2016 Sterling Flash Episode - Bank Underground
• Preventing Bank Runs - FRB Richmond
• Did the Dodd-Frank Act End ‘Too Big to Fail’? - Liberty Street Economics
• Currency markets send a warning on the US economy - Larry Summers
• E.U. Pledges to Fight Back on Trump Tariffs as Trade War Looms - The New York Times
• A new fiscal policy for a world of accelerated change and artificial intelligence - Brookings
• Economic Forecasts with the Yield Curve - FRBSF
• Bank Financing: The Disappearance of Interbank Lending - Cecchetti & Schoenholtz
• Janet Yellen: 10 quotes on her past and the economy - Brookings
• Questions - Tim Duy's Fed Watch
• The Macroeconomics of Trade War - Paul Krugman
• Consensus and mutual understanding - Understanding Society
• The economic and political cost of UK austerity - mainly macro
• Why do beginner econometricians get worked up about the wrong things? - Frances Woolley
• Sorting, incentives, and excessive managerial pay - VoxEU
• Top5itis: The Disease that Affects Economics - ProMarket

Links for 03-02-18

• The Force of Decency Awakens - Paul Krugman
• The Hidden Taxes on Women - The New York Times
• Republicans say they favor free markets. Yeah, right. - Washington Post
• Economists vs. Scientists on Long-Term Growth - Kenneth Rogoff
• Bernanke Interviews Yellen - Tim Taylor
• Mathematical Finance - Magic, maths and money
• Regional Consumption Responses and the Aggregate Fiscal Multiplier - Fed
• The dangers of pluralism in economics: the case of MMT - mainly macro
• Why Jay Powell’s Fed taper is not causing tantrums - FT
• Making Globalization Work - William Dudley
• A snippet on bounded rationality - Crooked Timber
• Peer to Peer – Scale and Scalability - Bank Underground
• Weighting the Wage Growth Tracker - macroblog

Links for 02-28-18

• Bonuses and Bogosity - Paul Krugman
• How Low Can Unemployment Really Go? - The New York Times
• Krugman on Temporary vs Permanent Monetary Injections - David Beckworth
• Two Central Bankers Walk Into a Restaurant... - Tim Taylor
• Fed Chair Jay Powell on Monetary Policy Rules - David Beckworth
• Black/White Disparities: 50 Years After the Kerner Commission - Tim Taylor
• Working Toward the Next Economic Paradigm 1 Mohamed A. El-Erian
• A skeptical view of the impact of the Fed’s balance sheet - Econbrowser
• Understanding the U.S. Investment Income Balance (wonky) - Brad Setser
• Computational social science - Understanding Society
• The Rate of Return on Everything - No Hesitations
• An Assessment of the U.S. Economy - Randal Quarles

Links for 02-26-18

• Paroling the Spanish Prisoner (Wonkish) - Paul Krugman
• The Making of Lehman Brothers II - Simon Johnson
• Monetary Policy Cycles and Financial Stability - FRBSF
• Three questions for Federal Reserve chairman Jay Powell - FT
• Options of Last Resort - Liberty Street Economics
• ‘Metrics Monday: What to Do Instead of log(x +1) - Marc F. Bellemare
• Relying on the Fed's Balance Sheet - Cecchetti & Schoenholtz
• Rebuilding macroeconomic theory project - Equitable Growth
• Keynes's General Theory Contains Few Mentions of "Fiscal Policy"- Brad DeLong
• Slok on QE, and a great paper - John Cochrane
• A great EFG - John Cochrane
• Money and monetary stability in Europe, 1300-1914 - VoxEU
• Paul Krugman Looks Back at the Macroeconomic Policy Debate - Brad DeLong
• A Skeptical View of the Impact of the Fed’s Balance Sheet”- William Dudley
• Bulls--- Detection as a Student Learning Goal - Brad DeLong

Links for 02-23-18

• Financial Plumbing Most to Blame for 2008 Crisis - IGM Forum
• Foreign exchange interventions: Frequent and effective - VoxEU
• The recession of 2012-13 and the taper tantrum - MacroMania
• Some Thoughts About Economic Exposition in Math and Words - Tim Taylor
• Europeans should stop whining about their appreciating currency - FT Alphaville
• In America’s absence, Japan takes lead on Asian free trade - Washington Post
• Should Hurricane Maria Be Modeled as a Positive Growth Shock? - Brad Setser

Links for 02-22-18

• What Does a True Populism Look Like? It Looks Like the New Deal - Dani Rodrik
• Mapping Capital Flows Into the U.S. Over the Last Thirty Years - Brad Setser
• Stable exploitation - Stumbling and Mumbling
• The World-Wide Fama Puzzle Reversal - Econbrowser
• Puerto Rico and the U.S. Virgin Islands after the Hurricanes - Liberty Street
• Fed Officials Say Economy Is Ready for Higher Rates - The New York Times
• The Economic Roots of the Rise of Trumpism - John Komlos
• Economic Conditions and Key Challenges Facing the U.S. Economy - Dallas Fed
• Bank bail-ins: Lessons from the Cypriot crisis - VoxEU