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23 июня, 19:56

Pure Class Warfare, With Extra Contempt

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Paul Krugman: Pure Class Warfare, With Extra Contempt: The Senate version of Trumpcare – the Better Care Reconciliation Act – is out. The substance is terrible: tens of millions of people will experience financial distress if this passes, and tens...

23 июня, 19:56

In Long Run, There’s No Such Thing as an Einstein Investor

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Robert Shiller: In Long Run, There’s No Such Thing as an Einstein Investor, NY Times: There are no easy answers in investing. It is tempting to replicate a successful strategy — one created by an outstanding investor, like Warren Buffett,...

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23 июня, 08:22

Links for 06-23-17

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Conversation: David Weil - Equitable Growth Development Effects of the Extractive Colonial Economy - A Fine Theorem Shedding (night-time) light on the local resource curse - VoxEU Cyber attacks: An economic policy challenge - VoxEU The Story of Robert Keayne,...

22 июня, 21:43

Fed's Labor Market Forecasts Don't Make Sense

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Tim Duy: Fed's Labor Market Forecasts Don't Make Sense, by Tim Duy: The Federal Reserve’s unemployment forecast doesn’t add up. It is neither consistent with the median of policy makers’ growth forecasts nor consistent with Chair Janet Yellen’s description of...

22 июня, 10:06

Links for 06-22-17

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Why you should never use the Hodrick-Prescott filter - VoxEU Is the Fed being misguided by the Phillips curve? - Equitable Growth Intergenerational mobility and preferences for redistribution - VoxEU Low Interest Rates and Bank Profits - Liberty Street Economics...

22 июня, 01:37

Does the Fed Have a Financial Stability Mandate?

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From the Federal Reserve Bank of Richmond: Does the Fed Have a Financial Stability Mandate?, by Renee Haltom and John A. Weinberg, FRB Richmond: The 2007–08 financial crisis and the Fed's unprecedented response raised new questions about the Fed's role...

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22 июня, 01:21

Rodrik: Doing (and Teaching) Economics [Video]

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(Starts at 7:00 min. The sound is a bit buzzy.)

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21 июня, 10:06

Links for 06-21-17

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Seattle’s Minimum Wage Experience 2015-16 - IRLE Don’t Raise the Debt Limit—Repeal It - WSJ Fisticuffs Over the Route to a Clean-Energy Future - NYTimes Selecting for Corbynism - Stumbling and Mumbling The Blockchain Is Going to Revolutionize Central Banking...

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20 июня, 20:16

Unions in Decline: Some International Comparisons

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Tim Taylor: Unions in Decline: Some International Comparisons: Union membership and clout has been dropping in the US economy for decades. But it's not just a US phenomenon: a similar drop is happening in many high-income countries. The OECD Employment...

20 июня, 10:33

New Evidence for a Lower New Normal in Interest Rates

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This is an FRBSF Economic Letter by Jens H.E. Christensen and Glenn D. Rudebusch: New Evidence for a Lower New Normal in Interest Rates: The general level of U.S. interest rates has gradually fallen over the past few decades. In...

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20 июня, 10:06

Links for 06-20-17

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Congress can’t pretend tax cuts pay for themselves - Brookings Institution Unions, Workers, and Wages at the Peak of the Labor Movement - NBER The Blockchain Is Going to Revolutionize Central Banking - ProMarket Congress can’t pretend tax cuts pay...

19 июня, 13:06

Trump’s Apprenticeships are Based upon a Problem That Doesn’t Exist

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I have a new column: Trump’s Apprenticeships are Based upon a Problem That Doesn’t Exist: Last week the Trump administration announced “a workforce training initiative focused on skill-based apprenticeship education” with a goal of creating one million apprenticeships over the...