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20 ноября, 23:12

Links for 11-20-17

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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...

20 ноября, 23:12

Saez and Zucman on the Republican Tax Plan

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Emmanuel Saez & Gabriel Zucman: Republican tax plan slams workers and job creators in favor of the rich and inherited wealth, by Emmanuel Saez & Gabriel Zucman: The tax plan released by Republicans in Congress and praised by President Donald...

20 ноября, 23:12

Flatter Yield Curve? December Rate Hike?

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Two from Tim Duy. First: The Unintended Consequences of a Flatter Yield Curve, by Tim Duy: It was supposed to be easy. When the Federal Reserve started hiking the federal funds rate, longer-term interest rates would rise. After all, they...

20 ноября, 23:11

The Rise and Future of Progressive Redistribution

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Peter Lindert at VoxEU: The rise and future of progressive redistribution, by Peter Lindert: What have governments done to shift national income towards the poor at the expense of those better off? The question deserves a global history, especially in...

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17 ноября, 21:29

Links for 11-17-17

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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...

17 ноября, 21:21

Productivity Growth and Real Interest Rates in the Long Run

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Kurt G. Lunsford of the Federal Reserve Bank of Cleveland: Productivity Growth and Real Interest Rates in the Long Run: Despite the unemployment rate's return to low levels, inflation-adjusted or "real" interest rates have remained negative. One popular explanation for...

17 ноября, 21:20

US Wages: The Short-Term Mystery Resolved

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Tim Taylor: US Wages: The Short-Term Mystery Resolved: The Great Recession ended more than eight years ago, in June 2009. The US unemployment rate declined slowly after that, but it has now been below 5.0% every month for more than...

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17 ноября, 21:03

Economics Gets Out More Often: Using Extramural Citations to Assess Economic Scholarship

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From VoxEU: Economics gets out more often: Using extramural citations to assess economic scholarship, by Josh Angrist, Pierre Azoulay, Glenn Ellison, Ryan Hill, and Susan Lu: The 2017 Nobel in Memorial Prize Economic Sciences, awarded to University of Chicago’s Richard...

17 ноября, 20:56

Paul Krugman: Everybody Hates the Trump Tax Plan

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"The only significant winners would be those making more than $1 million a year.": Everybody Hates the Trump Tax Plan, by Paul Krugman, NY Times: Looking at the reactions to Republican tax plans, I found myself remembering what people used...

15 ноября, 21:41

Links for 11-15-17

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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...

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15 ноября, 21:22

Should We Reject the Natural Rate Hypothesis?

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Olivier Blanchard: Should We Reject the Natural Rate Hypothesis?, by Olivier Blanchard, PIIE: Fifty years ago, Milton Friedman articulated the natural rate hypothesis. It was composed of two sub-hypotheses: First, the natural rate of unemployment is independent of monetary policy....

15 ноября, 21:22

Paul Krugman: Republican Class Warfare: The Next Generation

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"This isn’t just ordinary class warfare; it’s class warfare aimed at perpetuating inequality into the next generation.": Republican Class Warfare: The Next Generation, by Paul Krugman: The other day, Mitch McConnell, the Senate majority leader, admitted to The New York...