Economist's View

Links for 02-20-18

• Come the Recession, Don’t Count on That Safety Net - The New York Times
• Absolute poverty: when necessity displaces desire - Microeconomic Insights
• Do Job Market Networks Help Recovery from Mass Layoffs? - FRBSF
• Interest Ratess and Exchange Rates Before and After the Crisis - Econbrowser
• Milton Friedman’s Rabble-Rousing Case for Abolishing the Fed - Uneasy Money
• Start preparing for the next financial crisis now - FT
• How internet giants damage the economy and society - FT
• The market failures of Big Tech - FT

Links for 02-19-18

• Trump’s Twin Deficits (Wonkish) - Paul Krugman
• Income inequality and aggregate demand - Equitable Growth
• What Do Trade Agreements Really Do? - NBER
• Why Economists Are Worried About International Trade - Greg Mankiw
• Trump’s Tax Success Is at the Expense of His Trade Agenda - Brad Setser
• “Fake news”: the monopoly on the narrative - Branko Milanovic
• When the impartial spectator is missing - Stumbling and Mumbling
• The Stubbornly High Cost of Remittances - Cecchetti & Schoenholtz
• Arms and Projects (Wonkish) - The Leisure of the Theory Class
• House prices and rents in the UK - mainly macro
• Economics in Two Lessons - Crooked Timber
• Economics in Two Lessons: Chapter 1 - Crooked Timber
• Leading on Climate at Every Level - Regulatory Review
• U.S. GDP Expenditure Components - MacroMania
• More on Neural Nets and ML - No Hesitations
• Do Trump’s deficits matter? - mainly macro
• Missing Productivity Growth - IGM Forum

Links for 02-15-18

• Gaps in the Market - Heather Boushey
• The President’s new budget - Jared Bernstein
• Rising Interest Rates, but Easier Financial Conditions - Tim Taylor
• UBI policies don’t cause people to leave workforce - UChicago News
• Landing a Jumbo Is Getting Easier - Liberty Street Economics
• Urban concentration and economic growth - VoxEU
• Pedantry and Mastery in Following Rules - Uneasy Money
• Nudge Policies - Tim Taylor
• Deficits - John Cochrane

Links for 02-13-18

• Parcoursup: could do better - Thomas Piketty
• The Double Threat to Liberal Democracy - Dani Rodrik
• GDPNow's Forecast: Why Did It Spike Recently? - macroblog
• The Disappointing Recovery in U.S. Output after 2009 - FRBSF
• Great Recession’s Impact Lingers in Hardest-Hit Regions - Liberty Street
• Network Effects, Big Data, and Antitrust Issues For Big Tech - Tim Taylor
• Money As Equity: For An "Accounting View" Of Money - EconoMonitor
• The Belt and Road Initiative Didn't Quite Live up to its Hype - Brad Setser

Links for 02-12-18

• How Big a Bang for Trump’s Buck? (Wonkish) - Paul Krugman
• Kaldor and Piketty’s facts: The rise of monopoly power - Equitable Growth
• The rise of market power explains macroeconomic puzzles - Equitable Growth
• Economics and politics of monetary policymaking: A new eBook - VoxEU
• Weber’s proof of Gittins Index Theorem - The Leisure of the Theory Class
• Metrics Monday: Causal Inference with Observational Data - Marc Bellemare
• Does More "Skin in the Game" Mitigate Bank Risk-Taking? - Liberty Street
• The Impact of Tax Arbitrage on the U.S. Balance of Payments - Brad Setser
• A Multicointegration Model of Global Climate Change - Stochastic Trend
• Understanding Bank Capital: A Primer - Cecchetti & Schoenholtz
• Notes on European Recovery (Wonkish) - Paul Krugman
• Nobody Knows Anything - Economic Principals
• Global trade and the dollar - VoxEU
• Economic Goodness-of-Fit - Dave Giles

Links for 02-09-18

• No Fairy, No Cry - Paul Krugman
• Do Not Overlook the December Trade Data - Brad Setser
• What Bitcoin Reveals About Financial Markets - John Quiggin
• What Do Cryptocurrencies Have to Do with Trust? - Liberty Street
• Fisherian Decomposition of Interest Rate Increase - Econbrowser
• Technology, power & ideology - Stumbling and Mumbling
• Decreasing the size of the state is very unpopular - mainly macro
• Economic predictions with big data: The illusion of sparsity - VoxEU
• The Chinese banking system - VoxEU
• Olympic Economics - Tim Taylor
• The origins of money - FT

Links for 02-07-18

• Wells Fargo’s board members are getting off too easily - Larry Summers
• A Farewell to Fracking Regulations - The Regulatory Review
• A DSGE Perspective on Safety, Liquidity, and Low Interest Rates - Liberty Street
• US History and the Path to European Integration - Tim Taylor
• Confidence and Crashes - Roger E. A. Farmer
• The size and composition of fiscal adjustment matter for inequality - VoxEU
• U.S. Government Views on Climate in Historical Context - Robert Stavins

Links for 02-06-18

• Donald Trump Is Playing to Lose - J. Bradford DeLong
• We're Still Not at Full Employment - Dean Baker
• Emergence in stock markets - Stumbling and Mumbling
• Safety, Liquidity, and Low Interest Rates  - Liberty Street Economics
• Panic Over Inflation? - Stephen Williamson

Links for 02-05-18

• The Death of the Phillips Curve? - Dallasfed.org
• Let Them Eat French Fries - Paul Krugman
• Jerome Powell’s challenge at the Fed - Larry Summers
• A Few More Words about Janet Yellen - Economic Principals
• A People’s Democracy in America - Tyson & Mendonca
• When Will Tech Disrupt Higher Education? - Kenneth Rogoff
• Big Data, Machine Learning, and Economic Statistics - No Hesitations
• Academic knowledge is not just another opinion - mainly macro
• A New Perspective on Low Interest Rates - Liberty Street Economics
• Financing Intangible Capital - Cecchetti & Schoenholtz
• Who’s Able-Bodied Anyway? - The New York Times
• Reported preference versus revealed preference - VoxEU
• Large models, small models and Brexit - mainly macro
• Unemployment insurance and adverse selection - VoxEU

Links for 02-02-18

• The Bad News in the Good News - Paul Krugman
• Why Women’s Voices Are Scarce in Economics - New York Times
• Oliver Hart and the Poetry of Economic Theory - ProMarket
• The bitterness of Adam Smith - globalinequality
• Kill the Zombie Firms - Tim Taylor
• Is the Euro Out of Danger? - Tim Taylor
• Economists in public - Stumbling and Mumbling
• Completing Correlation Matrices - Bank Underground
• Hey Democrats, the Problem Isn’t Jobs and Growth - Baseline Scenario
• How Well Do Economists Forecast Recessions? - Unassuming Economist
• Janet Yellen: Performance Review - Stephen Williamson
• What We Know for Sure that Just Ain't So — Roger E. A. Farmer
• How to Spend Trillions on ‘Infrastructure’ - The New York Times

Links for 01-31-18

• Winter 2018 Journal of Economic Perspectives - Tim Taylor
• Trumponomics Is Failing on Growth - Simon Johnson
• Worse Than Willie Horton - Paul Krugman
• Real-time estimates of potential GDP - Jared Bernstein
• Trade and investment disputes: The role of economists - VoxEU
• Declining industries - Understanding Society

Links for 01-30-18

• The Rising Importance of Soft Skills - Tim Taylor
• Picking your own facts - Stumbling and Mumbling
• What is the Fourier Transform and what is it good for? - Boing Boing
• Can Economic Populism Preempt Political Populism? - Dani Rodrik
• Republicans Discover Mythical Basis for Regulatory Reform - Regulatory Review
• NJ Embraces Making Utilities Pay to Emit Carbon - NYTimes
• Hiring Diverse Candidates - Women in Economics at Berkeley

Links for 01-29-18

• The Economics of Dirty Old Men - Paul Krugman
• The importance of Taleb’s system - globalinequality
• The Outsider - Stumbling and Mumbling
• Structural VAR Analysis - No Hesitations
• Economics Textbooks - Crooked Timber
• The Spendthrift Economy - Paul Krugman
• What the Economic Data Don’t Tell Us - Paul Krugman
• Weekend Blogging Nostalgia – Kevin Drum
• The Tale of the Two Cobblers (collusive price cuts) - Nick Rowe
• Why economists should look at horses - Stumbling and Mumbling
• Independent Fiscal Councils: Watchdogs or lapdogs? - VoxEU
• Speed under sail during the early Industrial Revolution - VoxEU
• Balance, Fairness and Accuracy – a CRISPR Primer - Economic Principals
• The FT's 404 page is an hilarious introduction to economic theory - Boing Boing

Links for 01-26-18

• The Economics of Dirty Old Men - Paul Krugman
• Why Has US Regional Convergence Declined? - Tim Taylor
• Consumer Confidence Is Lifting the Economy. For Now - Robert Shiller
• Public Debt. I can’t Believe we are Still There - Gloomy European Economist
• Lessons from today’s GDP report - Economic Policy Institute
• BEA: Real GDP increased at 2.6% Annualized Rate in Q4 - Calculated Risk
• Inequality and Recessions - Federal Reserve Bank of Chicago
• Is “a Stable Cryptocurrency” an Oxymoron? - Uneasy Money
• The importance of frontier knowledge for the generation of ideas - VoxEU
• Why Is Pay Lagging? Maybe Too Many Mergers in the Heartland - NYTimes
• Why Do Retail Chains Charge Uniform Prices Across Stores? - Tim Taylor
• The fatal inconsistency within neoliberalism - mainly macro
• Treasury Secretaries should stick with the strong dollar mantra - Larry Summers
• Rebasing Maddison: The shape of long-run economic development - VoxEU
• Quantum Epistemology for Business (On Measurement) - Scientific American
• "Profits = Investment - Saving" - Nick Rowe

Links for 01-25-18

• The Durability of Inflation Derp - Paul Krugman
• What's Wrong with Macro? A Symposium - Tim Taylor
• The U.S. Can No Longer Hide From Its Deep Poverty Problem - Angus Deaton
• Adjustment Is Hard, Especially if it Involves the Dollar - Brad Setser
• Did the Numerical Inflation Target Anchor Inflation Expectations? - FRB
• When selection mechanisms fail - Stumbling and Mumbling
• Is Economic Insecurity Behind the Specter of Populism? - ProMarket
• The Fed Can’t Drive Right Without Brakes - Narayana Kocherlakota
• Reminder: Most Published Research is Probably Wrong! - Douglas L. Campbell

Links for 01-23-18

• The Art of the Broken Deal - Paul Krugman
• The G.O.P.’s Doomsday-Machine Politics - Paul Krugman
• The Right Question About Inequality and Growth - Jason Furman
• Marital choices and widening economic inequality - Microeconomic Insights
• "Monetary Policy Accommodation" and Upward-sloping IS curves - Nick Rowe
• Trump’s big choice at Davos - Larry Summers
• More on distinguishing ideas and interests - Dani Rodrik
• Dutiful dirges of Davos - Branko Milanovic
• Microfoundations and the values of policymakers - mainly macro
• The shrinking (US) Risk Premium ~ Antonio Fatas
• Ensuring Stress Tests Remain Effective - Cecchetti & Schoenholtz
• Productivity and secular stagnation in the intangible economy - VoxEU
• The macroeconomic performance paradox: A new model - VoxEU
• The Davos non-paradox - Stumbling and Mumbling
• Fighting Climate Change? We’re Not Even Landing a Punch - The New York Times
• The World’s Priciest Stock Market - Robert J. Shiller
• Blockchain: what it is, what it does, and why you probably don't need one - MacroMania
• Is Bitcoin a Waste of Resources? - Stephen Williamson
• Bitcoin and Illegal Activity - Tim Taylor
• How Do Banks Cope with Loss? - FRBSF
• Modern Times - Economic Principals

Links for 01-18-18

• Equity and Efficiency in Space - FRB Minneapolis
• Has Global Finance Reformed Itself More Than It Appears? - Dani Rodrik
• Is a steeper yield curve good news for banks? - Bank Underground
• Is your data really oil? – Digitopoly
• Canadian Monetary Policy - Stephen Williamson
• Making Medicaid a Tool for Moral Education May Let Some Die -NYTimes
• Taste elasticities? - Jayson Lusk
• My Unclear Comments about the Doing Business Report – Paul Romer
• 2018, the year of Europe - Thomas Piketty
• Embracing the New Age of Automation - Pissarides & Bughin
• What about Spending on Consumer Goods? - Liberty Street Economics
• Telling interests and ideas apart - Dani Rodrik
• Economic Policy Uncertainty on the Rise - Econbrowser
• Declining trust in facts, institutions imposes costs - EurekAlert!
• The second American revolution - Understanding Society

Links for 01-15-18

• Some Economics for Martin Luther King Day - Tim Taylor
• Dollars, Cents and Republican Sadism - Paul Krugman
• The effects of offshoring on domestic employment - VoxEU
• ‘Metrics Monday: Useless Hausman Tests - Marc F. Bellemare
• Milton Friedman and the Phillips Curve - Uneasy Money
• The (In)efficiency of Perfect Price Discrimination - Nick Rowe
• Money Funds -- The Empire Strikes Back? - Cecchetti & Schoenholtz
• Populism's base - Understanding Society
• Doing Business Rankings – Paul Romer
• Low inflation for longer - VoxEU
• Manufacturing continues to go the way of agriculture - Economic Principals
• Taxing Money: The Goodfriend Approach to Monetary Policy - Dean Baker
• Democracy in question - Stumbling and Mumbling
• Comparing Interval Forecasts - No Hesitations
• Is NGDP Targeting Impractical? - David Beckworth
• Labour scarcity and labour coercion: Serfdom in Bohemia - VoxEU
• Interview: Prof. Malcolm Sawyer, Leeds University - AceMaxx
• Equilibrium interest rates can be below growth rates - Nick Rowe
• The Problem of Questionable Patents - Tim Taylor
• Immigration in the era of automation - VoxEU

Links for 01-13-18

• The search for the next president of the NY Fed is a big deal - Josh Bivens
• Tight money is not the answer to weak productivity growth - Obstfeld and Duval
• Does Retirement Raise the Risk of Death? - Tim Taylor
• Financial variables and macroeconomic forecast errors - Fed in Print
• Debt issuance activity after the global financial crisis - All About Finance
• The Fed Delivered $80.2 Billion in Profits to the Treasury in 2017 - NY Times
• Wall Street versus Main Street: IOER Edition - David Beckworth
• Ready or Not for the Next Recession? - Barry Eichengreen
• Measuring the "Free" Digital Economy - Tim Taylor
• Biased to the powerful - Stumbling and Mumbling
• What early-20th-century scholars got right about 21st-century politics - Vox
• Lowflation: Then and Now - MacroMania
• Now is the time for complacency: RBA vs Bank of England - Nicholas Gruen
• The Fed’s Inflation Target and Policy Rules - John Taylor
• Unauthorized Immigration: Effects and Policy Responses - FRB Richmond
• GDP at risk - VoxEU

Links for 01-09-18

• In Defense of Economic Populism - Dani Rodrik
• Why does economics get so much stick? - mainly macro
• The Rise and Fall of Keynesianism after the GFC - Crooked Timber
• The narrative of high debt and powerful central banks - Antonio Fatas
• FOMC Dissents: Why Some Members Break from Consensus - FRBSTL
• Fiscal Implications of the Fed’s Balance Sheet Normalization - Liberty Street
• The State of Play with Carbon Capture and Storage - Tim Taylor
• More Evidence Medicaid Expansion Boosts Health, Well-Being - CBPP
• The effectiveness of hiring credits - VoxEU

Links for 01-08-18

• Microfoundations hegemony holds back macroeconomic progress - mainly macro
• Evidence of an Insurrection Underway in Economics - Economic Principals
• What Can UWE Do for Economics? - NBER
• ‘Metrics Monday: The Dogit Model - Marc Bellemare
• Giddy Markets and Grim Politics by Kenneth Rogoff - Project Syndicate
• Yield-Curve Modeling - No Hesitations
• The Macroeconomic Impact of Microeconomic Shocks - Equitable Growth
• The effect of minimum wages on the total number of jobs - Brad DeLong
• Balance Sheet Normalization - Liberty Street
• Basel's Refined Capital Requirements - Cecchetti & Schoenholtz
• Who’s driving consumer credit growth? - Bank Underground
• Saving America from Trump’s Tax Reform - Tyson & Mendonca
• On three canonical responses to labour saving technical change - VoxEU
• Offshore drilling safety regulation costs seem low - Environmental Economics
• Minimum wages in the world’s largest labour market - VoxEU
• Thinking about minimum wages like an economist - Miles Corak
• Innovation, meet organization - MIT News
• On anti-meritocracy - Stumbling and Mumbling
• Poverty, money and emotion - The Enlightened Economist
• Can secular stagnation morph into secular expansion? - Gavyn Davies
• A guide to directed search - VoxEU
• How merchant guilds became obsolete - Brad DeLong
• The Supply of Money-Like Assets - FRBNY
• To Eradicate or to Manage? - Carola Binder
• China’s Announcement of a Cap-and-Trade System - Robert Stavins
• A Balassa Samuelson theory of negative real interest rates - Nick Rowe

Links for 01-03-18

• Can the Economy Keep Calm and Carry On? - Paul Krugman
• "If You're Not Paying for It, You're the Product" - Tim Taylor
• The Millennium Is Off to a Bad Economic Start - Narayana Kocherlakota
• Why Symmetry Continues to Beguile Mathematicians - Wired
• Gender Mix in AP Economics - Tim Taylor
• China, the Innovation Dragon - Simon Johnson
• Inequality, Imperialism, and the First World War - ProMarket
• Is Macroprudential Supervision Ready for the Future? - macroblog
• The rate of return on everything - VoxEU
• The geopolitics of international currency choice - VoxEU
• The gender unemployment gap - VoxEU
• Infrastructure investment and regulation - Microeconomic Insights
• Clear and Precise Scientific Communication – Paul Romer
• Leave and the Left Behind - mainly macro
• Interpolating Statistical Tables - Dave Giles
• Why Low Inflation Is No Surprise - J. Bradford DeLong
• What Economists Need from their Readers - Tim Taylor
• Looking Back, Looking Forward - Economic Principals
• Adam Smith on the Conversable Spirit - Tim Taylor
• Economics and the human instinct for storytelling - Robert Shiller

Links for 12-31-17

In French Polynesia with spotty connectivity. For now:

• The Gambler’s Ruin of Small Cities (Wonkish) - Paul Krugman
• Economic outcomes are not invariant to the monetary policy rule - Brad DeLong
• Don't even try to "Normalise" interest rates - Nick Rowe
• Is history probabilistic? - Understanding Society
• Quantitative easing and bank risk taking - Kandrac and Schlusche
• Fighting against Normalization of Lying - Econbrowser
• Monopolies May Be Worse for Workers Than for Consumers - Bloomberg
• Does Economic Theory Entail or Support Free-Market Ideology? - Uneasy Money
• The Role of Academia in Tumultuous Times - Tim Taylor
• The Impact of Electricity on Economic Development - Stochastic Trend
• Rent for the Poor Really Is Too High - Bloomberg

Links for 12-26-17

• Incomes Grew After Past Tax Cuts, but Guess Whose - Eduardo Porter
• Making Discretion in Monetary Policy More Rule-Like - Frederic Mishkin
• SR and LR Effects of Milton Friedman's Presidential Address - Hall and Sargent
• Tax Overhaul Process Retreated from Democracy - The Regulatory Review
• When Necessity Displaces Desire - Economic Principals

Links for 12-24-17

• Passing Through to Corruption - Paul Krugman
• Republicans Despise the Working Class, Continued - Paul Krugman
• Trickle Down? Not Now, and Not for a While at Best (Wonkish) - Paul Krugman
• How Regulation Subsidizes Big Finance - ProMarket
• Recalculating time (for time-series estimation) - MIT News
• Will the Center Hold? - Lawrence H. Summers
• Central Banks’ Year of Reckoning - Raghuram Rajan
• How Inequality Works - Angus Deaton
• Can Economic Policy Solve Economic Problems? - Jason Furman
• FedViews - FRBSF
• Monetary Policy and the Economic Outlook: A Fine Balancing Act - FRBSF
• Economists Lose Credibility When They're Too Certain - Bloomberg
• Is The Fed Finishing 2017 On A Dovish Note? - Tim Duy
• Who Is Congress Really Serving? - Warren and Sanders
• A UK Sovereign Wealth Fund - Roger E. A. Farmer
• Saving capitalists from themselves - Stumbling and Mumbling
• The politicisation of immigration - mainly macro
• Growth of multi-authored journal articles in economics - VoxEU
• Corporate Tax Cuts: It’s Only About the Wedge (Wonkish) - Paul Krugman
• Subprime Securitization Hits the Car Lot - Federal Reserve Bank of Richmond
• Douglas Irwin Interview - Federal Reserve Bank of Richmond
• Understanding the Size of the Government Spending Multiplier- FRB

Links for 12-15-17

• What Is Bitcoin Really Worth? Don’t Even Ask. - Robert Shiller
• What Can Central Banks Do To Manage the Next Financial Crisis? - Ben Bernanke
• How the MillerCoors joint venture changed competition - Microeconomic Insights
• What Happens if the Tax Bill Is a Revenue Disaster? - Paul Krugman
• Political Polarization in Consumer Expectations - Liberty Street Economics
• Confidence, uncertainty and macroeconomic fluctuations - VoxEU
• When employers are unfair, even unaffected workers underperform - VoxEU
• Ricardo's Comparative Advantage After Two Centuries - Tim Taylor
• The ABC of globalization - globalinequality
• The advantage of a central bank not being ‘ahead of the curve’ - mainly macro
• The Fed's Inconsistent Numbers - Joe Gagnon
• Central bank e-cash - croaking cassandra

Links for 12-13-17

• Social Security Will Be Solvent for the Rest of the Century – Kevin Drum
• Thousands will die prematurely if the ACA is repealed - Larry Summers
• Brad DeLong and Charlie Deist on Austrian Economics - Equitable Growth
• Scam I Am: Why is the G.O.P. Rushing This Tax Abomination? - Paul Krugman
• Interview with Anne Case - Federal Reserve Bank of Minneapolis
• George Stigler and How Freshwater Economics Won the Day - ProMarket
• Engaging with Allies - Women in Economics at Berkeley
• On technological regress - Stumbling and Mumbling
• Hayek’s Rapid Rise to Stardom - Uneasy Money
• The safe asset shortage, mark-ups, and tthe labor share - VoxEU
• Two Myths About Automation - Barry Eichengreen
• Tax Plan’s Biggest Cuts Could Be in Living Standards - New York Times
• Immigration and Real Wages: Reality and Perceptions - mainly macro
• The European trust crisis and the rise of populism - VoxEU
• Game Theory and the Greater Good - SPH, Boston University
• Inflation Mostly Below Fed's Target - Calculated Risk
• FOMC statement - Federal Reserve

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

Links for 12-08-17

• America’s Broken System - J. Bradford DeLong
• Facts Have a Well-Known Liberal Bias - Paul Krugman
• An Economist Explains: How to Sort Facts From Fictions - Justin Wolfers
• The Principle of Comparative Advantage 200 years on: A new eBook - VoxEU
• America's "Lost Einsteins" Are Dealing a Blow to Innovation - ProMarket
• The power of tax stimulus to the housing market - Microeconomic Insights
• Labor Productivity Is Just Terrible These Days – Kevin Drum
• Employment Report: 228,000 Jobs Added, 4.1% Unemployment - Calculated Risk
• Strong Job Growth Continues in November - Dean Baker
• Natural Fisheries Overtaken by Aquaculture - Tim Taylor
• Assessing the impact of exchange rate movements - VoxEU
• Consumer Inflation Uncertainty Holding Steady - Carola Binder
• Rage Against the Machine? - Tyson & Lund
• Benign effects of automation: New evidence - VoxEU
• What Financial Risks are Lurking - Tim Taylor
• Reflections on Hayek - VoxEU

Links for 12-04-17

• The L-Shaped Phillips Curve (NBER) - Narayana Kocherlakota
• The Phillips Curve, Again - The Everyday Economist
• Aggregate productivity and the rise of mark-ups - VoxEU
• The Problem With Bayesian Model Averaging... - No Hesitations
• Workers Get Nothing When They Produce More? Wrong - Noah Smith
• Optimal quantitative easing - Bank Underground
• The changing of the guard at the Fed - Gavyn Davies
• Finding the Octopus - Economic Principals
• 11 California Republicans Vote to Make Their Constituents Poorer - Brad DeLong
• Managing risk and complexity: Legal entity identifier - VoxEU
• Is Unemployment Too Low? - Roger E. A. Farmer
• Bitcoin and Fundamentals - Cecchetti & Schoenholtz
• Is Bitcoin A Speculative Bubble? - EconoSpeak
• Economic consequences of revolutions - VoxEU

Links for 11-29-17

• How the Great Recession Continues to Shape America - Annie Lowrey
• Is Job Disruption Historically Low in the US Economy? - Tim Taylor
• Why Trying New Things Is So Hard to Do - By Sendhil Mullainathan
• Adam Smith: is democracy always better for the poor? - globalinequality
• A Tax Bill that could Increase the Deficit and Lead to Recession - Richard Green
• The debate over US tax reform - Furman and Summers
• Market Expectations for FOMC Rate Hikes from Different Angles - Liberty Street
• Reducing Homelessness with Long-Term Rent Subsidies - Tim Taylor
• Mediamacro is alive and well, unfortunately - mainly macro
• Economics as a Professional Vocation - Brad DeLong
• Have Inflation Dynamics Changed? - FRB Cleveland
• Hypothermia, Inflation, and the Fed's Epistemological Jam - David Beckworth
• Getting the Facts Straight on Deficits - Center on Budget and Policy Priorities
• Trump’s version of capitalism endangers our democracy - Larry Summers
• Too Much Power in the Hands of Big Tech Could Distort Democracy - ProMarket
• What's Next for Mass Transit? - Tim Taylor
• The cash comeback: Evidence and possible explanations - VoxEU
• Why poor countries invest too little in R&D - VoxEU
• Did Investor Sentiment Affect Credit Risk around the Election? - Liberty Street
• An Economist's Take on Bitcoin and Cryptocurrencies - Douglas L. Campbell
• From RCT to Policy - American Economic Association
• Incidence and Welfare Effects of Corporate Tax Cuts - Paul Krugman
• Corruption and institutional design - Understanding Society
• A short comment on a discrete choice experiment in the AER - John Whitehead
• Choice and the Insurance Mandate - Paul Krugman

Links for 11-28-17

• House prices and the UK economy - VoxEU
• Asset Prices and the Real Economy - Tim Taylor
• The Four Big Tax Deceptions - The New York Times
• On Trade, Trump Puts Corporate America First - Dani Rodrik
• Should we Get rid of the Natural Rate Hypothesis? (NBER) - Olivier Blanchard
• The New York Fed DSGE Model Forecast–November 2017 - Liberty Street
• The politics of debt fetishism - Stumbling and Mumbling
• Disentangling the UK productivity problem - mainly macro
• What’s Down with Inflation? - FRBSF
• Abenomics Update - David Beckworth
• Interpreting the yield curve - MacroMania
• ‘Metrics Monday: 2SLS–Chronicle of a Death Foretold?- Marc Bellemare
• What Makes a Safe Asset Safe? - Liberty Street Economics
• GDP at Risk - Cecchetti & Schoenholtz
• The Economics Data Revolution Has Growing Pains - Noah Smith
• Wealth taxes (and how to evade them) - American Economic Association
• Banks as buyers of last resort for government bonds - VoxEU
• Towards the Next Generation - Economic Principals
• Voodoo Too: The GOP Addiction to Financial Deregulation - Paul Krugman

Links for 11-25-17

• Schroedinger's Tax Hike - Paul Krugman
• Socialism and Capitalism Work Together - Noah Smith
• Do rich countries lend to poor countries? - Bank Underground
• Macroeconomic nowcasting and forecasting with big data - Fed in Print
• Fed Remains on Track to Raise Interest Rates Next Month - NYTimes
• The impact of big research facilities on local scientific output - VoxEU
• Medicaid and the rise of common chronic childhood conditions - VoxEU
• New eBook: Ordoliberalism: A German oddity? - VoxEU
• Economic implications of a protectionist US trade policy - VoxEU
• Populism and time inconsistency - VoxEU
• The effects of employer payroll tax cuts - VoxEU
• Information inequality - VoxEU
• Insider Privileges – Digitopoly

Links for 11-21-17

• Tax Reform - IGM Forum
• Tax Cuts, Growth, and Leprechauns - Paul Krugman
• Will Artificial Intelligence Recharge Economic Growth? - Tim Taylor
• Key assumptions in the DOJ challenge to AT&T and Time Warner – Digitopoly
• Leverage and limited liability: A toxic cocktail - VoxEU
• Economic effects of natural disasters: New evidence from Japan - VoxEU
• A New Conundrum in the Bond Market? - FRBSF

Links for 11-20-17

• Time demands in economics – macromom
• There Is No Inflation Puzzle - Joseph Gagnon
• The origins of the Industrial Revolution - VoxEU
• Why Has Life Insurance Ownership Declined? - Tim Taylor
• How Cutting Taxes Makes Life Worse for the Rich - Robert Frank
• ‘Metrics Monday: You Can’t Compare OLS with 2SLS - Marc Bellemare
• A comment on "The Long-term Decline in US Manufacturing" - Douglas Campbell
• Some thoughts about the Job Guarantee - mainly macro
• Then and Now - Economic Principals
• 'Swarmalators' - EurekAlert

Links for 11-17-17

• Mitch McConnell’s Middle-Class Tax Hike - David Leonhardt
• The "cackling cartoon villain" defense of DSGE - Noahpinion
• Days of Greed and Desperation - Paul Krugman
• Making Sense of Chaos with the Windy-Boat - Roger E. A. Farmer
• Gender gaps among high-skilled professionals - Microeconomic Insights
• Where Do Consumers Fit in the Fintech Stack? - Lael Brainard
• The politics of death - Stumbling and Mumbling
• The Brexit Revolution and its source of power - mainly macro
• Distributional Consequences of the Tax Cuts and Job Act - Econbrowser
• New Manufacturing Paper: Confusing Trends and Levels - Douglas Campbell
• How a New Inflation Measure Would Raise Taxes on the Middle Class - WSJ
• Does gentrification reduce crime? - VoxEU
• Rip van Winkle on Price Level vs Inflation Targets - Nick Rowe

Links for 11-15-17

• Economics isn't a bogus science — we just don't use it correctly - LA Times
• Can a superintelligence self-regulate and not destroy us? – Digitopoly
• Researchers chart rising inequality across millennia - EurekAlert
• Rethinking Development: Larry Summers - Tim Taylor
• Common Factors, Trends, and Cycles in Large Datasets - Barigozzi and Luciani
• Labor Supply Constraints and Health Problems in Rural America - macroblog
• The Low Volatility Puzzle: Is This Time Different? - Liberty Street Economics
• Four Reasons Janet Yellen Should Stay at the Fed - Narayana Kocherlakota
• Free-Market Failure Has Been Greatly Exaggerated - Noah Smith
• Artificial intelligence and the stability of markets - VoxEU
• Considering the Cost of Lower Taxes - The New York Times

Links for 11-14-17

• How to Win the Battle of the Sexes Over Pay - Claudia Goldin
• The Tax Foundation Has Some Explaining To Do - Paul Krugman
• Tax Cuts And The Trade Deficit - Paul Krugman
• The Catalan syndrom - Thomas Piketty
• How to Combat Populist Demagogues - Dani Rodrik
• On free trade and free markets - mainly macro
• Robbing Blue States to Pay Red - Hacker and Pierson
• Abenomics and the Long Legacy of the Consumption Tax Hike - Brad Setser
• A New Study of Economics as a Science Says It's Still Dismal - Wired
• If the tax bill is so great, why does the GOP keep lying? - Washington Post
• Comparing Cost of Living Across Cities and States - Tim Taylor
• Inequality, investment & trickle down - Stumbling and Mumbling
• Auto Lending Keeps Pace as Delinquencies Mount - Liberty Street
• Friedman and How not to Think about the Gold Standard... - Uneasy Money
• Obama-Era Education Regulations Targeted for Reform - Regulatory Review
• Stock Market Valuation and the Macroeconomy - FRBSF
• Choice and Health Insurance Coverage - Tim Taylor
• ‘Metrics Monday: When (Not) to Cluster? - Marc Bellemare
• The Low Volatility Puzzle: Are Investors Complacent?  - Liberty Street
• Cash is king, but $100 bills are for crooks - Cecchetti & Schoenholtz
• Assessing the incidence of value-added taxes - VoxEU
• Still Not Grasping the Nettle - Economic Principals
• Tax Reform: A Proposal for the Chancellor - Roger E. A. Farmer
• Europe after World War II - Understanding Society
• The productivity slowdown and labour’s income share - VoxEU
• Facing the Four Structural Threats to US Democracy - Tyson & Mendonca

Links for 11-10-17

• What really caused the financial crisis - mainly macro
• Leprechaun Economics and Neo-Lafferism - Paul Krugman
• Leprechaun Economics, With Numbers - Paul Krugman
• The Darker Side of Peer-to-Peer Lending - Tim Taylor
• Central Banks in the Dock - Barry Eichengreen
• Policy Implications of Sustained Low Productivity Growth - PIIE
• Where star scientists choose to locate - Microeconomic Insights
• Revisiting Harvard and the American Dream - Larry Summers
• Defining Crowding Out in an Open Economy - Econbrowser
• New machines for The Old Lady - Bank Underground
• A long-term investment in education - American Economic Association
• A localist approach to Chinese politics - Understanding Society
• The Macroeconomy in Ongoing Transition: Mervyn King - Tim Taylor
• How to measure the global business cycle - VoxEU
• Inequality and property in Russia, 1905-2016 - VoxEU
• Animal Sacrifice - American Economic Association

Links for 11-08-17

• Why the U.S. Needs a Federal Jobs Program, Not Payouts - Robert Rubin
• Understanding Permanent and Temporary Income Shocks - Liberty Street
• Price-level targeting as an automatic stabiliser for inflation - Nick Rowe
• Can We Tax Social Security Benefits More Efficiently? - FRB Richmond
• A Range of International Poverty Lines - Tim Taylor

Links for 11-07-17

• Trade, Technology, and Job Disruption - Tim Taylor
• The Wykehamist fallacy - Stumbling and Mumbling
• The Moral Identity of Homo Economicus - Ricardo Hausmann
• The Perennial Problem of Predicting Potential - John Williams
• Brexit interest rate increases and misunderstanding inflation - mainly macro
• The Soviet economy, 1917-1991: Its life and afterlife - VoxEU
• The long-term consequences of short-term incentives - VoxEU
• Stumbling Blocks Between Tax Cuts and Economic Growth - Andrew Samwick

Links for 11-06-17

• Macroeconomics: Religion or Science? - Roger Farmer
• Has Trump Captured the Fed? - Joseph E. Stiglitz
• America’s great decoupling - Lane Kenworthy
• The journalist as amateur scientist - mainly macro
• Global real interest rates since 1311 - Bank Underground
• Disagreement and monetary policy - VoxEU
• Three (almost) inexplicable parts of the Republican tax plan - Larry Summers
• Ancestry and Development: the Power Pose of Economics? - Douglas Campbell
• Why So Many People Choose the Wrong Health Plans - Richard Thaler
• The Wall Street Journal at War with Itself - Economic Principals
• Banking the Unbanked: The Indian Revolution - Cecchetti & Schoenholtz
• Does China’s new policy regime threaten the global upswing? - Gavyn Davies
• The Dark Side of Discrimination in the Economics Profession - INET
• A Note on Variance Decomposition with Local Projections - NBER
• Regression on Term Structures - No Hesitations
• Powell/Yellen - Stephen Williamson
• How to defend capitalism - Stumbling and Mumbling
• Labour coercion and outside options - VoxEU
• Capital flows vs Kapital flows - Nick Rowe
• How to Improve the Trump Tax Plan - Greg Mankiw

Links for 11-03-17

• Keeping US Policymaking Honest - J. Bradford DeLong
• Donald Trump’s Federal Reserve - Kenneth Rogoff
• Unemployment Falls to New Low for Recovery - Dean Baker
• October Employment Report - Calculated Risk
• Black Monday: Thirty years after - VoxEU
• How Food Banks Use Markets - Tim Taylor
• Finance, technology & power - Stumbling and Mumbling
• Yellen Retrospective - The Grumpy Economist

Links for 11-02-17

• The Gravelle Geardown (Wonkish) - Paul Krugman
• Trump’s Trade War With Canada - The New York Times
• Current GDP Growth Isn't Anything Special - Justin Fox
• Who benefits from corporate tax cuts? - Microeconomic Insights
• Nothing Natural About the Natural Rate of Unemployment - Edmund Phelps
• Why there aren't more women in STEM fields - VoxEU
• Introductory Remarks - Jerome Powell

Links for 11-01-17

• Paul Ryan Is Choking On His Own Mystery Meat - Paul Krugman
• Fall 2017 Journal of Economic Perspectives On-line - Tim Taylor
• The Case for More Capital - Federal Reserve Bank of Minneapolis
• Austerity, immigration, and the power of information - mainly macro
• The Fox News effect on politics - American Economic Association
• Repeal of Mandatory Arbitration Ban is a Giveaway - Regulatory Review
• Social science and policy - Understanding Society
• Behavioural economics is also useful in macroeconomics - VoxEU
• Why the MPC will and should raise interest rates - Roger E. A. Farmer
• Linking Heterogeneous Climate Policies - Robert Stavins

Links for 10-31-17

• Apple’s Exports Aren’t Missing: They Are in Ireland - Brad Setser
• America’s Tax-Cut Peronists - Simon Johnson
• How impatience guides financial behavior - MIT News
• Parsing Trump's Deregulation Plans - Tim Taylor
• Is sunlight the best disinfectant? - Stumbling and Mumbling
• Economic Consequences of Populism - Capital Ebbs and Flows
• A Nex Crisis Each Time - American Economic Association
• To Solve the Next Foreclosure Crisis, Look to Sacramento - Regulatory Review
• The mortgage rate conundrum - VoxEU
• Measuring the spillovers of venture capital - VoxEU

Links for 10-30-17

• Donald Trump Wants to Raise Your Taxes - The New York Times
• Identification in Macroeconomics - NBER
• Some Watery Economics - Tim Taylor
• Competition makes IT better - VoxEU
• How to Fix the Curse of the Five - Roger E. A. Farmer
• Growing Economic Concentration Leads to “Rentier Capitalism” - ProMarket
• The gender gap in economics: Beyond the ivory tower - Equitable Growth
• Governments spending and a debt ratio target? - Stephen Gordon
• Managing Risk and Complexity: Legal Entity Identifier - Cecchetti & Schoenholtz
• A short guide to why we should not raise UK interest rates - mainly macro
• Larry Summers v. John Taylor: No Contest - Uneasy Money
• Small farmers in Indian agriculture - Understanding Society
• Growing the Supply of Pain - Economic Principals

Links for 10-29-17

• Tax Cut Fraudulence: The Usual Suspects - Paul Krugman
• If r < g, bond-finance is like currency-finance - Nick Rowe
• The Republicans’ SALT Problem - The New York Times
• Yes, the BBC is biased - Stumbling and Mumbling
• An interview with Alice Wu - Women in Economics at Berkeley
• The 2014 Dollar Rise is no Longer Impacting U.S. Trade - Brad Setser
• Differences between a Government's and a Household's Budget? - Nick Rowe
• Employment and output effects of short-time work in Germany - VoxEU
• Corporate tax burden again - John Cochrane
• How to think about social identities - Understanding Society
• The Trump-GOP tax plan is an insult to working people - NY Daily News
• A Serious Misreading of Coase - EconoSpeak
• How to Increase Women's Labor Force Participation - Tim Taylor
• Structure vs character in politics - Stumbling and Mumbling
• GDP report is whispering some really important messages - Jared Bernstein
• Steady economic growth continues - Econbrowser
• Why is the UK making such a mess of A50 negotiations? - mainly macro

Links for 10-26-17

• What I do support in a new tax plan - Larry Summers
• Trump's $700 Billion Foreign Aid Program - Paul Krugman
• The Simple and Misleading Analytics of a Corporate Tax Cut - Paul Krugman
• Where did all the investment go? - Growth Economics
• The Republicans’ SALT Problem - The New York Times
• Elusive inflation and the Great Recession - VoxEU
• Understanding the destination-based approach to business taxation - VoxEU
• Secretary of Energy's Tariff Proposal Would Be Disastrous - Regulatory Review
• The Immediate Global Costs of Pollution - Tim Taylor
• Capitalist triumphalism: a brief history - Stumbling and Mumbling
• A European Monetary Fund - mainly macro
• Is Taylor a Hawk or Not? - Carola Binder
• Enough. It is time to stand up to Trump. - Jeff Flake

Links for 10-24-17

• Does domestic uncertainty really matter for the economy? - Bank Underground
• Missing Growth from Creative Destruction - FRBSF
• Dani Rodrik talks straight on trade - mainly macro
• Expelling Immigrant Workers May Also Send Away the Work They Do - NYTimes
• Do investors amplify corporate bond market sell-offs? - Bank Underground
• Interpreting the ECB’s definition of price stability - VoxEU
• When econ models potentially mislead - Jared Bernstein
• Intergenerational social mobility - Understanding Society
• Treasury Round II: The Capital Markets Report - Cecchetti & Schoenholtz
• After Incarceration: How Many and Male Labor Force Participation - Tim Taylor
• Taxes and the Fed: Theory and Evidence from Equities - Diercks and Waller
• Generated Regressors Can Be a Problem - Marc Bellemare
• Corporate Profit Tax Cuts and Wages: the UK Experience - EconoSpeak