Latest Equitablog Posts
More Musings on the Fall of the House of Uncle Milton…
This, from Paul Krugman, strikes me as… inadequate: Paul Krugman: Why Monetarism Failed: “Right-wingers insisted–Friedman taught them to insist–that government intervention was always bad, always made things worse… …Monetarism added […]
Must-read: Megan McArdle: “Listen to the Victims of the Free Market”
Must-Read: For the most part, an excellent piece by Megan McArdle. But… McMegan: There is a lot of good reason to think that the elasticity of labor demand at the […]
Must-read: Peter Ganong and Daniel Shoag: “Why Has Regional Income Convergence in the U.S. Declined?”
Must-Read: Peter Ganong and Daniel Shoag: Why Has Regional Income Convergence in the U.S. Declined?: “The past thirty years have seen a dramatic decline in the rate of income convergence… […]
Must-reads: April 13, 2016
Required reading from Derek Thompson, Andrew Gelman, and others.
The disappearance of monetarism
I just hoisted a piece I wrote 15 years ago—a follow-up to my “Triumph of Monetarism” that I published in the Journal of Economic Perspectives. However, it is, I now recognize, clearly inadequate.
The importance of income and place in U.S. life expectancy
Studies show that increases in life expectancy are accruing disproportionately to high-income Americans. And a new study shows that increases in the inequality of life expectancy in the United States varies quite a bit by...
Must-reads: April 11, 2016
Required reading from Charles Moore, David Dayen, Noah Smith, and others.
Yes, in some (many) ways, our macro debate has lost intellectual ground since the 1930s. Why do you ask?
Last September, the illustrious Simon Wren-Lewis wrote a nice piece about the Bank of England’s thinking about Quantitative Easing: Haldane on Alternatives to QE, and What He Missed Out. Simon’s […]
Investing in social infrastructure as an anti-recession tool
Spending more on physical infrastructure projects is the traditional way to help revive a faltering economy. But a new report argues that government investment in “social infrastructure” will produce more bang for the buck.
Must-reads: April 10, 2016
Required reading from Matthew Klein, Susan Dynarski, and others.