Tag: roundup

Must-Reads:

• Paul Krugman (2009): The Obama Gaps: “The bottom line is that the Obama plan is unlikely to close more than half of the looming output gap, and could easily end up doing less than a third of the job…
• Martin Wolf: A Republican tax plan built for plutocrats: “How does a political party dedicated to the material interests of the top 0.1 per cent of the income distribution win and hold power in a universal suffrage democracy?…
• Martin Sandbu: Who should govern the euro?: “I have long argued against further centralisation of fiscal and structural policies, and proposed that some autonomy should instead be returned to the national level…
• Greg Leiserson: The Tax Foundation’s score of the Tax Cuts and Jobs Act: “First, the Tax Foundation appears to incorrectly model the interaction between federal and state corporate income taxes…
• Paul Krugman: Leprechaun Economics, With Numbers: “8% is a reasonable number for after-tax required return…
• Paul Krugman: Tax Cuts and The Trade Deficit: “TF provides very little detail on their model, which is itself a flashing red light: transparency is essential…
• Chye-Ching Huang: @dashching on Twitter: “A Tax Foundation dynamic score that no-one should pay any attention to an indication of what this bill would do for growth…
• Claudia Goldin: How to Win the Battle of the Sexes Over Pay (Hint: It Isn’t Simple): “Billie Jean King… the United States Open… 1972… $10,000. Ilie Năstase, her male counterpart, won $25,000…
• Julius Martov (1920): The state and the socialist revolution”: “Reality has cruelly shattered all these illusions…
• Barry Eichengreen: Trade Policy and Growth: “Nothing one can say in this area is uncontroversial…
• David Kamin: Fixing the Loophole in the House Limit on Deductibility of State and Local Income Taxes: “First, under the legislation…
• Paul Krugman: Discredited ideas
• Jason Furman: @jasonfurman on Twitter: Lack of Treasury Dynamic Analysis: “The lack of a Treasury career staff analysis of the growth and dynamic effects of the bill tells you a lot about what such an analysis would show…”
• Roger Farmer: How to Fix the Curse of the Five: “I recently came across this video link to a session held at the 2017 ASSA meetings on the ‘Curse of the Top Five’…

Should-Reads:

• Paul Krugman: Schroedinger’s Tax Hike: “The Senate bill… tries to be long-run deficit-neutral… by offsetting huge corporate tax cuts with higher taxes on individuals…
• Alexander William Salter and Daniel J. Smith: Political Economists or Political Economists? The Role of Political Environments in the Formation of Fed Policy Under Burns, Greenspan, and Bernanke: “We analyze the writings and speeches of… Arthur Burns, Alan Greenspan, and Benjamin Bernanke…
• Paul Krugman: The Transfer Problem and Tax Incidence: “These days, what passes for policymaking in America manages to be simultaneously farcical and sinister, and the evil-clown aspects extend into the oddest places…
• Ned Phelps: Nothing Natural About the Natural Rate of Unemployment: “A compelling hypothesis is that workers, shaken by the 2008 financial crisis and the deep recession that resulted…
• Stan Collender: GOP Tax Bill Is The End Of All Economic Sanity In Washington: “The GOP tax bill will increase the federal deficit by $2 trillion or more over the next decade (the official estimates of $1.5 trillion hide the real amount with a witches’ brew of gimmicks and outright lies)…
• Paul Krugman: Tax Cuts, Growth, and Leprechauns: “The Tax Policy Center released its macroeconomic analysis of the House tax cut bill…
• Peter Lindert: The rise and future of progressive redistribution: “There has been a blossoming of research into fiscal incidence by income class…
• Jo Mitchell: Dilettantes Shouldn’t Get Excited: “The Freshwater version of the model concluded that all government policy has no effect and that any changes are driven by an unexplained residual….
• Paul Krugman: Everybody Hates the Trump Tax Plan: “Gary Cohn, Donald Trump’s chief economic adviser, met with a group of top executives… asked to raise their hands if lower taxes would lead them to raise capital expenditures…
• Paul Krugman: Days of Greed and Desperation: “The House tax bill is wildly regressive; the Senate bill actually raises taxes on most families, while including a special tax break for private planes…
• Martin Wolf: A bruising Brexit could shipwreck the British economy: “The UK economy remains the most regionally divided in Europe…
• Matthew Yglesias: Watch CEOs admit they won’t actually invest more if tax reform passes: “A telling and important moment…
• Douglas L. Campbell: Ancestry and Development: the Power Pose of Economics?: “George Mason… asked me to present my work joint with Ju Hyun Pyun, taking down the “genetic distance to the US predicts development”…
• Nick Bunker: The forces behind the highly unequal U.S. wealth distribution: “Two papers… give us some guidance on the forces that have led to such an unequal wealth distribution in the United States…
• Krystal Ball and Ro Khanna: Lessons for Democrats after Virginia election and how tech can help: “Given modern communications technology, there’s no reason why good jobs in the new economy should be sequestered in a few hubs…
• Noah Smith: The “cackling cartoon villain” defense of DSGE: “The new defense of DSGE by Christiano, Eichenbaum, and Trabandt is pretty cringe-inducing…
• Jasjeet S. Sekhon: Causal Inference in the Age of Big Data: “The rise of massive datasets that provide fine-grained information about human beings and their behavior offers unprecedented opportunities…
• Lant Pritchett: The Perils of Partial Attribution: Let’s All Play for Team Development: “There was a growth acceleration in 1993 that created 1.1 trillion in additional GDP…
• Matteo Maggiori, Brent Neiman, and Jesse Schreger: International Currencies and Capital Allocation: “The external wealth of countries has increased dramatically over the last forty years…
• Charles J. Sykes: Year One: The Mad King: “Bret Stephens… sought to explain the capitulation of the conservative movement by citing the Polish poet Czeslaw Milosz…
• Laura Tyson and Lenny Mendonca: Facing the Four Structural Threats to US Democracy: “As California has shown, structural barriers to good governance can be eliminated through citizen-driven reforms…
• Paul Krugman: Trump and Ryan Versus the Little People: “Consider four hypothetical taxpayers…. First is the poster child family Paul Ryan keeps talking about..
• Eli Stokols: Trump Says Democrats Will Like Senate Tax Plan More Than House Version: “President Donald Trump moved to assuage centrist Democratic senators’ concerns about the House Republican tax overhaul by telling them the Senate version will be more to their liking…
• Nick Bunker: Policy rules and central bank independence: “The general public and their elected officials are not simply passengers on a ship…
• Emmanuel Saez and Gabriel Zucman: Republican tax plan slams workers and job creators in favor of the rich and inherited wealth: “The tax plan… is a remarkable document… most notably in that it achieves the opposite of its stated goal…
• Noah Smith: The U.S. and Japan Don’t Have a Trade Problem: “When Japan buys U.S. bonds, stocks, or car factories…
• Brink Lindsey and Steve Teles: Economic Inequality & Crony Capitalism: Conservatives Should Rethink Their Views: “Conservatives have two intellectual commitments that are increasingly incompatible…, some prominent Republicans argued that the Republican Party should court black voters…
• Paul Krugman: On Twitter: GOP tax bill is awesomely bad: “GOP tax bill is awesomely bad, raising taxes on half of middle class while mainly benefiting the idle rich. Why?…
• Nick Bunker: JOLTS Day Graphs: September 2017 Report Edition: “The rate at which workers are quitting their jobs hasn’t changed much over the last year…

• Ryan Avent (2011): Best Budget Ever: “PAUL RYAN has officially revealed the House Republicans’ budget proposal…
• David Kamin: How a Tax Cut Turns Into a Tax Increase: “In rolling out their plan, House Republicans focused on an example family…
• Martin Wolf: The challenge of Xi Jinping’s Leninist autocracy: “Xi Jinping[‘s]… claims… are bold: ‘Socialism with Chinese characteristics has crossed the threshold into a new era,’…
• Jason Furman and Greg Leiserson: The real cost of the Republican tax cuts: “The House Republican plan will itself be incomplete…
• Jason Furman: @jasonfurman on Twitter: “THREAD. New results from Penn-Wharton Budget Model show wage effects of corporate tax changes…
  Tim Alberta: John Boehner Unchained: “After railing against the defund strategy, however, Boehner surveyed his conference and realized…
• Equitable Growth: Jobs Day Graphs: October 2017 Report Edition | Equitable Growth: “After an increase in September, the prime employment rate fell slightly to 78.8 percent in October…
• Nick Bunker: Weekend reading: “Winners, losers, and tax plans” edition: “Next month will mark 10 years since the beginning of the Great Recession…
• Sam Bell: Why Yellen Was Not Reappointed: “Trump deserves blame for not reappointing Yellen but more a story about the GOP…
• Mark Thoma: Federal Reserve Independence: “After the FOMC cut interest rates to almost nil during the Great Recession, the committee took advantage of its independence to boldly go where no Fed had gone before…
• Elhanan Helpman, Oleg Itskhoki, Marc-Andreas Muendler, and Stephen J. Redding: From Theory to Estimation: “Trade and Inequality: While neoclassical theory emphasizes the impact of trade on wage inequality between occupations and sectors…
• Paul De Grauwe and Yuemei Ji: Behavioural economics is also useful in macroeconomics: “Concepts from behavioural economics… [help] develop macroeconomic models with endogenous business cycle fluctuations…
• Paul Krugman: Paul Ryan Is Choking On His Own Mystery Meat: “A cynic might have expected Republicans to go for full-on cynicism…
• Dani Rodrik: The Trouble With Globalization: “The United States, too, could have moved aggressively to compensate dislocated workers in the 1990s, when it opened its economy to imports from Mexico, China…
• Wladimir Woytinsky (1952): Lerner’s Economics of Employment: A Review: “The first and most obvious objection-conforming with the idea of Functional Finance as a supplement to the ordinary budget-is…
• Steven Rosenthal: Foreigners Would Win Big from A Corporate Tax Cut: “The Trump Administration and congressional Republican leaders (the Big Six) have proposed a $70 billion-a-year tax cut for foreign investors…
• Heather Boushey: Equitable Growth in Conversation: Kimberly A. Clausing: “Boushey: One of the arguments that you hear time and time again for why Congress needs to reduce the corporate tax rate is that doing so will boost investment in overall economic growth…
• John Quiggin: The end of fossil fuels: “The International Energy Agency recently released data showing that world coal production fell sharply in 2016, mainly because of big cuts in China…
• David Glasner: Larry Summers v. John Taylor: No Contest: “‘If a Fed Funds rate higher than the rate set for the past three years would have led, as the Taylor rule implies, to lower inflation…
• Bridget Ansel: The gender gap in economics has ramifications far beyond the ivory tower: “The lack of women in economics—and their segregation into certain subfields—boast ramifications beyond individual women’s careers…
• Iris Marechal: Weekend reading: the “fiscal highlights” edition: “Rex Nutting argues that the Trump-Ryan plan will actually encourage more corporate offshore tax avoidance…
• Austin Clemens: Here’s why you should interpret GDP growth estimates skeptically: “No single number can really tell us much of anything about our immensely complicated $19 trillion economy…

Links and Such:

• Pedro Nicolaci da Costa: Puerto Rico devastation hits already tattered island economy – Business Insider
• Josh Barro: GOP tax plan’s biggest problem is ‘small business’ provision: “What we are seeing now is that a lot of people and a lot of interest groups like the idea of tax reform in theory — but that if you add up all their theories, you’ll find the tax benefits they expect to get add up to more than the $1.5 trillion Republicans have available to hand out. Once it becomes clear who’s not getting what they want, it will be a lot harder to hold the tax reform coalition together…”
• Juan Carlos Suárez Serrato and Owen Zidar: Who benefits from corporate tax cuts? Evidence from local US labour markets: “The largest beneficiaries from a tax cut would be the owners of firms (40%), with landowners and workers splitting the remaining 60% of the economic gains…”
• Stephen Cecchetti and Kim Schoenholtz: Black Monday: Thirty years after: “A key lingering vulnerability – the lack of a mechanism for managing the insolvency of critical payment, clearing, and settlement institutions…”
• Ned Phelps: Nothing Natural About the Natural Rate of Unemployment: “A compelling hypothesis is that workers, shaken by the 2008 financial crisis and the deep recession that resulted, have grown afraid to demand promotions or to search for better-paying employers – despite the ease of finding work in the recently tight labor market…”
• Susan Dynarski: Online Schooling: Who Is Harmed and Who Is Helped?: “Online coursework should be focused on expanding course options or providing acceleration for students who are academically prepared, rather than shoring up the performance of those who are lagging…”
• Nancy LeTourneau: Establishment Republicans Will Lose Their Civil War With the Insurgents: “a fascinating piece written by Oliver Darcy over a year ago about how GOP leaders had been ejected from the epistemic bubble created by right wing media…”
• Christa Blackmon: Acknowledging Mistakes: I Don’t Want To Be Lisa Bloom – Lawyers, Guns & Money
• Adriana Kugler, Catherine Tinsley, and Olga Ukhaneva: Why there aren’t more women in STEM fields: “Women are just as resilient to negative feedback as men when deciding whether to continue in a field of study, but when faced with additional signals such as an association of the field with masculinity, they appear to become more prone to opt out in response to low grades…”
• Harold James: Europe’s Hard-Core Problem: “France and Germany urgently need to develop a shared vision that transcends their own national politics and embraces genuine EU-level reform…”
• Nicholas Davis: Learning from Martin Luther About Technological Disruption: “Perhaps the most enduring lesson of Luther’s call for a scholarly debate–and his use of technology to deliver his views–is that it failed. Instead of a series of public discussions about the Church’s evolving authority, the Protestant Reformation became a bitter battle played out via mass communication, splitting not just a religious institution but also an entire region. Worse, it became a means to justify centuries of atrocities…”
• Davide Cantoni, Jeremiah Dittmar, and Noam Yuchtman: The Protestant Reformation and the allocation of resources in Europe: “Five hundred years ago today, Martin Luther…. The Reformation not only transformed Western Europe’s religious landscape, but also led to an immediate and large secularisation of Europe’s political economy…”
• Michael Winship: GOP Tax Cuts Won’t Pass This Year — Or Maybe Even Next: “In Part 1 of a two-part interview, former Reagan economic adviser Bruce Bartlett says Trump is lying about tax reform that will benefit the super rich and hurt everyone else…”
• Josh Barro: How tax reform is likely to pan out: “When the legislation is released on Wednesday, it will likely become more unpopular than it already is as a framework. Republicans have a math problem that will make passing the legislation extremely difficult…”
• Amanda Bayer and David Wilcox: The Unequal Distribution of Economic Education: A Report on the Race, Ethnicity, and Gender of Economics Majors at US
  Colleges and Universities
• Jonathan Chapman et al.: Willingness to Pay and Willingness to Accept are Probably Less Correlated Than You Think
• Pete Klenow and Huiyu Li: Federal Reserve Bank of San Francisco |
• Nicholas Bagley: Trump and the Essential Health Benefits
• **Noah Smith: Japan Goes With Another Round of Abenomics – Bloomberg: “And why not? The economy hasn’t been this good since the 1980s…”
• Sustainable Development Goals: No Longer Fresh at Project Syndicate
• Keeping US Policymaking Honest: Fresh at Project Syndicate
• “Stockmanism” or “Magic Asteriskism” Is Bad Economics. Period
• When Globalization is Public Enemy Number One: At the Milken Review.

• Alan Auerbach: Five Questions for Congress on Tax Reform: “Congressional leaders say they’re working on a corporate tax reform…
• Will Wilkinson: Public Policy after Utopia: “That all our evidence about how social systems actually work comes from formerly or presently existing systems is a huge problem for anyone committed to a radically revisionary ideal of the morally best society…
• Chandrasekhar Ramakrishnan: The DeLong-Shiller Redux: “2014, Robert Shiller and Brad DeLong…. [Shiller] claims if the value of this [CAPE] ratio is above 25, a major market drop is probably brewing…
• Kim Clausing: Would Cutting [U.S.] Corporate Taxes Raise Workers’ Incomes?: “Overall, it is difficult to document a relationship between lower corporate taxes and higher wages…
• Cosma Shalizi Review of Gillian Tett, Fool’s Gold: How the Bold Dream of a Small Tribe at J. P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe http://bactra.org/reviews/fools-gold/: “This is an extremely smart and well-written look at the growth and explosion of credit derivatives, as told through the story of Tett’s sources at J. P. Morgan…
• Equitable Growth: Research on Tap: Promoting equitable growth through tax reform: “Join us on November 6, 2017, for the second event in Equitable Growth’s new ‘Research on Tap”’ conversation series…
• Jess Benhabib, Alberto Bisin, and Mi Luo: Wealth distribution and social mobility in the US: A quantitative approach: “We concentrate on… i) skewed and persistent distribution of earnings…
• Bridget Ansel and Heather Boushey: Modernizing U.S. Labor Standards for 21st-Century Families: “Women now make up almost half the U.S. workforce…
• Heather Boushey: Economics and feminism: “Finding Time: The Economics of Work-Life Conflict…
• Alan Auerbach: Understanding the destination-based approach to business taxation: “The rising importance of multinational companies and the changing nature of production represents a challenge to the traditional ways that countries try to tax corporate profits…
• Paul Krugman: On Twitter: “Brad is right here: “Brad is right here…
• Jared Bernstein: When econ models potentially mislead, econ profs should say so: “Greg Mankiw points out the direction [but not the magnitude] of Hassett’s result is consistent with a particular economic model…
• Dani Rodrik: Growth Without Industrialization?: “FLow-income African countries can sustain moderate rates of productivity growth into the future, on the back of steady improvements in human capital and governance…
• Chye-Ching Huang: GOP Tax Framework Looks Much Like Kansas’ Failed Tax Cut Package: “In 2012, Kansas adopted an array of tax cuts that were large, costly, and heavily titled to those high on the income scale…

Links

• FT: Xi Jinping and China’s global ambitions: Under President Xi, who consolidated his power at this week’s Congress, China is showing a new confidence globally in its cultural, economic and diplomatic model. But how ‘soft’ is its ‘soft power’? Here’s the best of our comment and analysis…”
• Michael Hansen and Diana Quintero: Teacher diversity gaps hit close to home for nearly everyone
• David Schleicher: Stuck! The Law and Economics of Residential Stagnation
• Chris Patten: China’s New Emperor by Chris Patten – Project Syndicate: “From the stupefying antics of US President Donald Trump to the damaging rise of populist nationalism in Europe, democratic countries are experiencing their share of trials. But democratic systems have built-in stabilizing mechanisms…” <— not how it looks from China…
• Rebecca Diamond, Tim McQuade, & Franklin Qian: The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco: “The substantial welfare losses due to decreased housing supply could be mitigated if insurance against large rent increases was provided as a form of government social insurance, instead of a regulated mandate on landlords…”
• Martin Sullivan: Corporate Tax Incidence Made Simple: “The bottom line of the JCT and CBO… one-quarter to one-fifth of the corporate tax burden is borne by labor…. Wade through the papers listed below. The second paper by Jane Gravelle is a two-page summary and an excellent place to start…” <– On the idiocy of Mankiw’s SOE 100% of tax incidence is on labor assumption…
• Annalee Newitz: Reprogramming: “It was like growing up in a science fiction novel. You were not allowed to change things…. The idea was that it would reduce conflict and be this beautiful community. Obviously it wasn’t. Growing up there was super weird…”
• Heather Boushey: That Greedy Upper-Middle Class: “Will the top 20 percent be willing to forego some of their advantages so that others may rise? Tough one…”
• Patrick Iber: The Party’s Over: Looking Back on Communism: “Lenin… was committed to smashing forms of bourgeois power, including representative democracy. Because Lenin… emerged victorious… [his] approach came to be taken as a prescriptive model rather than a strategic intervention at a particular moment…”
• INET: 2017 Edinburgh INET Program
• Cosma Shalizi: Homework 3: Past Performance, Future Results: “More practice with cross-validation and with smoothing; baby steps in using simulation to see how a model behaves and to do hypothesis testing; reinforcement that ‘the variable matters’ ̸= ‘the co- efficient on the variable is statistically significant’…”
• Carola Binder: Cowen and Sumner on Voters’ Hatred of Inflation: “I can still hardly imagine circumstances in which expansionary policy in a downturn would be the unpopular choice among voters themselves…”
• Diane Coyle: Economics for good: “Jean Tirole’s book Economics for the Common Good is out now… highly recommended…. I’ve… most appreciated Tirole’s ability to crystallise complicated issues in a straightforward way, combining surgical analysis with very clear explanation. This is too rare a skill among economists…”
• Lawrence Summers: The Business Roundtable’s outlandish tax cut claims: “I had low expectations, but the BRT methodology was even less serious than I expected.  It appears that they have gone into the “fake fact” business…”
• Paul Krugman (2010): A Quotation Ruined By Context: “[Mill:] there is no opinion so absurd as not to have been maintained by some person of reputation…” https://www.marxists.org/reference/archive/mill-john-stuart/1844/currency.htm
• David Glasner: The Standard Narrative on the History of Macroeconomics: An Exercise in Self-Serving Apologetics | Uneasy Money
• Jennifer Bissell-Linsk: Robotics in the running for Nike’s factories of the future: “Developing countries could lose low-cost manufacturing if leisurewear companies increase focus on automated production…”
• Joseph E. Stiglitz, Dean Baker and Arjun Jayadev: Intellectual Property for the Twenty-First-Century Economy: “Developing countries are increasingly pushing back against the intellectual property regime foisted on them by the advanced economies over the last 30 years. They are right to do so, because what matters is not only the production of knowledge, but also that it is used in ways that put the health and wellbeing of people ahead of corporate profits…”
• Chandrasekhar Ramakrishnan: The DeLong-Shiller Redux
• Dani Rodrik: Policy, Inequality, and Growth:Comments on Jason Furman <— I strongly question Dani Rodrik’s claim that a 1.3% of GDP gain for Mexico is in any sense “minute”…
• Stefania Albanesi, Giacomo De Giorgi, and Jaromir Nosal: Credit growth and the Global Crisis: A new narrative: “Mortgage default during the Great Recession came from real estate investors, not subprime credit holders…. Investors that played a critical role in the rise in mortgage debt, specifically among the middle and the top of the credit score distribution…”
• Yuko Takeo: Abenomics Trickles Down to Smaller Japanese Companies: “Total profits are at a record but labor shortage is biting…”
• Lorenzo Caliendo and Fernando Parro (2014): Estimates of the Trade and Welfare E§ects of NAFTA

• Paul Krugman: Some Misleading Geometry on Corporate Taxes (Wonkish): “There’s a fairly simple geometric way to see where the optimistic view that cutting corporate taxes is great for wages comes from…
• Jason Furman: Wage Increases Under the Unified Framework: Some talk lately of Ramsey models and their implications for wage increases under the Unified Framework (warning: irrelevant nerdy thread)…
• Martin Wolf: Zombie ideas about Brexit that refuse to die: “As Mark Carney, governor of the Bank of England, has rightly noted, the initial impact of Brexit will be ‘deglobalisation’…
• Sandy Black: U.S. pattern looks very different. Suggests institutions matter and potential role for policy: “New book including my work with @dwschanz on female labor force participation…
• Tim Duy: Incoming Data Supportive of December rate Hike: “If we ignore inflation, then nothing is really standing in the way of a rate hike in December…
• Noah Smith: Taylor and His Rule Are Not What the Fed Needsg: “How much should the Fed worry about inflation versus unemployment?…
• Ryan Avent: How should recessions be fought when interest rates are low?: “ONE day… bad news will blow in… a new recession will begin…
• The Spectator Index on Twitter: “Total wealth of Forbes 400 list
• Greg Leiserson: The Unified Framework is a proposal for two new wasteful tax expenditures: “Unified Framework’s core proposal: preferential rates for business income…

Interesting Reads:

• Max Roser and Stefan Thewissen: The US lags far behind its peers on “inclusive” economic growth: “Our data shows that inequality isn’t an inevitable byproduct of globalization and technological change…”
• Kimberly Clausing and Edward Kleinbard: Trump’s economists say a corporate tax cut will raise wages by $4,000. It doesn’t add up: “The UK cut corporate rates and wages still dropped…”
• Mark Dincecco: State Capacity and Economic Development: Present and Past
• Jorge Morales Meoqui: Ricardo’s Numerical Example Versus Ricardian Trade Model: A Comparison of Two Distinct Notions of Comparative Advantage
• Michael Chui, James Manyika, and Mehdi Miremadi: Where machines could replace humans–and where they can’t (yet)
• Andrew Gelman: Beyond “power pose”: Using replication failures and a better understanding of data collection and analysis to do better science

Over at Equitable Growth: Must- and Should-Reads:

• Issi Romem: Paying For Dirt: Where Have Home Values Detached From Construction Costs?: “In the expensive U.S. coastal metros, home prices have detached from construction costs…
• Melissa S. Kearney: How Should Governments Address Inequality?: “Putting Piketty Into Practice…
• Ben Thompson: Netflix’s Earnings, Netflix’s Price Raise, Additional Netflix Notes: “Netflix has a completely orthogonal strategy: content is only valuable if it is evergreen…
• CPPC: Senator Amy Klobuchar: Drug Price Bills Will Likely Advance As Amendments to Larger Bills: “Senator Klobuchar began with… 1 out of 4 Americans have either cut their prescription drugs in half….
• Raymond Fisman, Keith Gladston, Ilyana Kuziemko, and Suresh Naidu: Do Americans want to tax capital? Evidence from online surveys: “We provide, to our knowledge, the first investigation of individuals’ preferences over jointly taxing income and wealth…
• Simon Wren-Lewis: The lesson monetary policy needs to learn: “The main problem with monetary policy…
• Darrick Hamilton: Post-racial rhetoric, racial health disparities, and health disparity consequences of stigma, stress, and racism: “High achieving black Americans… still exhibit large health disparities…
• Larry Summers: Hassett’s flawed analysis of the Trump tax plan: “Kevin Hassett… accuses me of an ad-hominem attack…
• What were they thinking of, signing this? Wasn’t Kevin Hassett’s behavior since 100% predictable? Letter in Support of the Nomination of Kevin Hassett to be Chairman of the Council of Economic…: “Alan J. Auerbach… Martin N. Baily… Dean Baker…
• CPPC: Victory in California! Drug Price Transparency Bill Becomes Law: “California Governor Jerry Brown signed SB 17, a drug price transparency bill, into law…
• Jay Shambaugh et al.: Thirteen Facts About Wage Growth: “Economic and policy changes are both important for the division of economic gains… http://www.hamiltonproject.org/assets/files/thirteen_facts_wage_growth.pdf
• David Anderson: State Approaches to Handling CSR Uncertainty for 2018 Premiums – Balloon Juice: “The 2018 ACA Marketplace that begins on November 1, 2017…
• Paul Krugman: Subsidies, Spite, and Supply Chains: “I’ve been fairly complacent about NAFTA’s fate…

Interesting Reads:

• Joseph E. Stiglitz, Dean Baker and Arjun Jayadev: Intellectual Property for the Twenty-First-Century Economy: “Developing countries are increasingly pushing back against the intellectual property regime foisted on them by the advanced economies over the last 30 years. They are right to do so, because what matters is not only the production of knowledge, but also that it is used in ways that put the health and wellbeing of people ahead of corporate profits…”
• Jim O’Neill: What’s Really at Stake at the CCP Congress? by Jim O’Neill – Project Syndicate: “Whenever the Chinese Communist Party holds its quinquennial National Congress, pundits revel in speculating about the behind-the-scenes political dynamics driving what is invariably a carefully choreographed event. But they should really be focusing on whether China’s leaders will signal continuity or change regarding the country’s economic and trade policies…”
• David Anderson: Morning thoughts on Alexander-Murray: “I would vote for this bill if I were in the Senate…”
• Edward Luce: Donald Trump’s poisoning of global trade: “The suspicion is that the president never wanted to make deals in the first place…”
• Shawn Donnan: Bitter differences over Nafta break into the open: “Bitter differences over how to update the North American Free Trade Agreement have broken into the open, as Donald Trump’s trade tsar accused Canada and Mexico of resisting the need for major change and warned US companies they would need to make sacrifices…”
• Gene Sperling: Expand the EITC to Include Childless Workers – The Atlantic: “The Earned Income Tax Credit is one of the country’s most effective anti-poverty policies, but it mostly leaves out a huge segment of workers: those without children…”
• Richard Sutch: The One Percent across Two Centuries: A Replication of Thomas Piketty’s Data on the Concentration of Wealth in the United States: “Piketty’s data for the top 1 percent of the distribution for the nineteenth century (1810–1910) are also unreliable. They are based on a single mid-century observation that provides no guidance about the antebellum trend and only tenuous information about the trend in inequality during the Gilded Age…”
• Should-Read: Political Institutions, Economic Liberty, and the Great Divergence: “Max Weber proposed that politically autonomous cities were ‘critical to Europe’s economic rise…
• Tim Duy: Is The Fed Setting Itself Up To Fail In The Next Recession?: “The Federal Reserve remains committed to a December rate hike, persistent low inflation not withstanding…. The main risk… is that the US economy enters the next recession with diminished inflation expectations, which could further hobble central bankers already facing the prospect of returning to the effective lower bound in the next cycle…”
• John Podesta: Trump’s tax-cuts pitch takes disdain for evidence to a new level – The Washington Post
• David Anderson: Misunderstanding the No CSR World – Balloon Juice: “At least forty states have taken steps to protect all on-Exchange buyers from CSR costs in 2018… Bronze and Gold plans are significantly cheaper for subsidized buyers…”

• @delong @pseudoerasmus @leahboustan: On Twitter: What high skilled jobs did the domestication of the horse eliminate?: “@leah_boustan: @pseudoerasmus @de1ong To me, robot has connotation of ‘artificial intelligence’ so CNC would be robot-like but assembly line would not be…
• Geoffrey Pulham (2013): Why Are We Still Waiting for Natural Language Processing?: “Try typing this, or any question with roughly the same meaning, into the Google search box… http://www.chronicle.com/blogs/linguafranca/2013/05/09/natural-language-processing/
• Luigi Iovino and Dmitriy Sergeyev: Quantitative Easing without Rational Expectations
  : “We study the effects of risky assets purchases financed by issuance of riskless debt by the government (quantitative easing) in a model without rational expectations…
• Bruce Bartlett: I helped create the GOP tax myth. Trump is wrong: Tax cuts don’t equal growth: “Even if they had released a complete plan — not just the woefully incomplete nine-page outline released Wednesday…
• Paul Krugman: Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies: “Modern conservatives have been lying about taxes pretty much from the beginning of their movement…
• Simon Wren-Lewis: How Neoliberals weaponise the concept of an ideal market: “I would tend to suggest…
• Martin Wolf: A political shadow looms over the world economy: “Optimism about the global economy is tempered by fears of populism…
• Ben Bernanke: Monetary Policy in a New Era: “Outside of making a stronger case for proactive fiscal policies, there are two broad possibilities…
• Bridget Ansel: Weekend reading, “racial health disparities, wealth inequality, and labor market tightness” edition: “Equitable Growth released three new working papers…
• Olivier Blanchard and Lawrence Summers: Rethinking macro stabilization
  Back to the future: “Lessons from past crises…
• Paul Krugman (2015): QE Truthers: “Everyone knows about the infamous open letter warning Ben Bernanke not to engage in quantitative easing…
• Tim Duy: Fed Is Ignoring Actual Inflation Data: “Policy makers may be relying on the wrong model as they push for a December rate hike…
• Nick Bunker: Just how tight is the U.S. labor market?: “From the end of the 1991 recession until the second quarter of 2017, the prime employment rate explains about 80 percent of the variation in nominal wage growth…

Interesting Reads:

• Karen Weese: Behavioral economics has a plan to fight poverty—and it’s all about redesigning the “cockpit”: “‘Scarcity’… changes the way we think. We get tunnel vision, able to focus only on the present problem—the thing we lack—in a kind of fire-fighting mode, leaving us with less bandwidth for everything else…”
• David Anderson: CSR won’t be paid: “I’ve been working with Charles Gaba, Louise Norris, Andrew Sprung and a few others trying to inventory how states are allowing insurers to deal with the uncertainty of whether or not Cost Sharing Reduction (CSR) payments would be made…. This is a living document that we will be modifying as we learn more…”
• Walter Frick: The Real Reason Superstar Firms Are Pulling Ahead: “Superstars… IT per se… combine it with other intangibles, like good management, well-known brands, or intellectual property…”
• Carola Binder: Rethinking Macroeconomic Policy IV
• Sean Illing: 20 of America’s top political scientists gathered to discuss our democracy. They’re scared: “If current trends continue for another 20 or 30 years, democracy will be toast…”
• Ted Bergstrom (1986): Soldiers of Fortune: “This paper repairs what I think is a major flaw in standard general equilibrium theory, which assumes away the nonconvexity of preferences that follows from the discreteness of occupational choice…”
• Nancy LeTourneau: How Trump Is Sabotaging the Republican Tax Cut Plan: “The White House… proposed… eliminating the deduction for state and local taxes…. On whether or not this item is negotiable or if the president is re-thinking it, so far we’ve heard: yes, no, yes, no. Got that? The White House position on this is as clear as mud…”
• Mark Thoma: Economist’s View: Rethinking Macroeconomic Policy: “There is a conference on Rethinking Macroeconomic Policy ‘coordinated by Olivier Blanchard… and Lawrence H. Summers…’ taking place today and tomorrow (wanted to go, but couldn’t)…”
• Frank Levy: Comments on Frey and Osborne’s “The Future of Employment”: “The authors’ understanding of computer technology appears to be average for economists (= poor for computer scientists). By my personal guess, they are overestimating what current technology can do…”
• Tim Jost: Trump Executive Order Expands Opportunities For Healthier People To Exit ACA
• Josh Barro: Republicans don’t understand why Trump tax plan hits middle class: “Abolishing personal exemptions is a revenue-raising option that hits middle-income families unusually hard…”
• Live from the Laugher Curve: Bill Easterly: ON TWITTER: @BILL_EASTERLY: “The Laffer Curve napkin is mathematically incoherent: why is the x variable on the y-axis? Why is 100% at the origin?…

• Karl Smith: Pax Sinica: What Is To Be done?: “Tyler Cowen reminds me of an issue I used to think a lot about…
• Tim Duy: Kevin Warsh, Very Serious Person: “Scott Sumner is perplexed by… Kevin Warsh[‘s in 2010]…
• Vitor Gaspar and Mercedes Garcia-Escribano: Inequality: Fiscal Policy Can Make the Difference: “Income inequality among people around the world has been declining in recent decades…
• Jörg Mayer: Industrial robots and inclusive growth: “Robots are not yet suitable for a range of labour-intensive industries…
• Justin Fox: Nobel Winner Richard Thaler’s Savvy, Calculating Insurrection: “‘Dumb stuff people do’ was an expansion, not a rejection, of mainstream economics…
• Michael Strain: Republicans, It’s Way Past Time for a Real Tax Plan – Bloomberg: “The way to keep critics from assuming the worst about your intentions is to say exactly what you want to do…”
• Paul Krugman: Rationality and Rabbit Holes: “Like the vast majority of economists, I was delighted to see Richard Thaler get the Nobel…
• Paul Krugman: Why Do You Care How Much Other People Work? Revisited: “Greg Leiserson has an interesting post on assessing tax reform, in which he argues that distribution tables… https://krugman.blogs.nytimes.com/2017/09/25/why-do-you-care-how-much-other-people-work-revisited/
• Noah Smith: Defending Thaler from the guerrilla resistance: “This… by Kevin Bryan… [who] instead of explaining Thaler’s research, Kevin decided to challenge it, in a rather dismissive manner…

Interesting Reads:

• Richard Thaler: Anomalies Columns
• Barry Ritholtz: Understanding What Makes Vanguard So Successful: “Low costs help, but that’s only part of the explanation…”
• Agnel Philip: Krugman Says Potential Fed Chair Warsh Is ‘Wrong About Everything’: “‘It’s kind of almost awesome. You could almost make money by taking whatever he thinks is going to happen and betting the other way’, according to Krugman. A spokesman at the Hoover Institution, where Warsh is now a fellow, did not immediately respond to a request for comment…”
• Naftali Tishby, Fernando C. Pereira, and William Bialek (1999): The information bottleneck method: “We define the relevant information in a signal x ∈ X as being the information that this signal provides about another signal y ∈ Y…. Understanding the signal x requires more than just predicting y, it also requires specifying which features of X play a role in the prediction. We formalize this problem as that of finding a short code for X that preserves the maximum information about Y…”
• Eric Martin, Josh Wingrove, and Andrew Mayeda: U.S. Offers Proposal That Could Kill Nafta in 5 Years: “‘Sunset clause’ requires nations to decide to maintain accord. Canada, Mexico say measure would create business uncertainty…”
• MSRI: Celebration of Mind 2017: Math, Magic, Puzzles, Games!
• Dona Hathaway and Scott Shapiro: What Realists Don’t Understand About Law: “There’s nothing more realistic than realizing that national interests aren’t just about power, geography, and great men…”
• Heather Boushey: Viewpoint: Don’t repeal and replace D.C.’s paid leave act
• Martin Wolf: The Fed is treading a fine line on monetary tightening: “Kevin Warsh… stated in March 2010 that ‘I don’t think we should be complacent about inflation risk’. That misjudgment should rule out his candidacy…”
• Three, Four… Many Secular Stagnations!
• David Warsh: Going West: “Before there was Walter O’Malley, there was Kenneth Arrow…”
• Paul Romer (2015): Stigler Conviction vs. Feynman Integrity
• Stephen Maurer: On the Shoulders of Giants: Colleagues Remember Suzanne Scotchmer’s Contributions to Economics
• William Darity: WILLIAM JULIUS WILSON, More Than Just Race: Being Black and Poor in the Inner City: “The New (Incorrect) Harvard/Washington Consensus on Racial Inequality…”

• INET: Reawakening: “This fall, hundreds of leading scholars, policymakers and public officials will gather at the Edinburgh International Conference center for the INET 2017 conference…
• Davide Cantoni, Jeremiah Dittmar, and Noam Yuchtman: Religious Competition and Reallocation: The Political Economy of Secularization in the Protestant Reformation: “We document an unintended, first-order consequence of the Protestant Reformation…
• Royal Swedish Academy of Sciences: The Prize in Economic Sciences 2017: “Richard H. Thaler… ‘for his contributions to behavioural economics’…
• Simon Wren-Lewis: Economics: too much ideology, too little craft: “Paul Krugman argued… that… belief in the need for new economic thinking after the financial crisis was incorrect…
• Chye-Ching Huang and Brendan Duke: Vast Majority of Americans Would Likely Lose From Senate GOP’s $1.5 Trillion in Tax Cuts, Once They’re Paid For: “The Senate Budget Committee will vote on a budget resolution that would allow Congress to move forward with tax-cut legislation that adds $1.5 trillion to deficits over ten years…
• Larry Summers: America’s tax plan is not worth its name: “The US administration’s tax plan… a mélange of ideas put forth without precision or arithmetic…. The claims of Steven Mnuchin, Treasury secretary, Gary Cohn, director of the National Economic Council, and Kevin Hassett, chair of the Council of Economic Advisers, are some combination of ignorant, disingenuous and dishonest…
• Edward Hadas: Review: Dani Rodrik gives economists a better name: “Straight Talk on Trade: Ideas for a Sane World Economy… this easy-to-read and sometimes loosely connected collection of columns and essays…
• Tim O’Reilly and Heather Boushey: Future of Work and What We Can Do About It: Conversation: “What’s the outlook for workers in an economy increasingly dominated by intelligent machines and the global elites who own them?…
• Wolfgang Dauth, Sebastian Findeisen, Jens Südekum, and Nicole Woessner: The rise of robots in the German labour market: “Robots have had no aggregate effect on German employment, and robot exposure is found to actually increase the chances of workers staying with their original employer… http://voxeu.org/article/rise-robots-german-labour-market
• Vivienne Ming: Applied Neuroscience and Ramping Up Human Potential https://www.youtube.com/watch?v=MUHXoPS0fm8
• Mary E. Burfisher, Sherman Robinson, and Karen Thierfelder: : The Impact of NAFTA on the United States: “The mainstream forecasts during the NAFTA debate were basically correct…” http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.15.1.125
• James Kwak: The Importance of Fairness: A New Economic Vision for the Democratic Party: “A central shortcoming of the party is that, on economic issues, it has nothing to say to people trapped on the wrong side of our country’s growing inequality divide… https://baselinescenario.com/2017/06/15/telling-a-better-story-a-new-economic-vision-for-the-democratic-party/

Interesting Reads:

• Paul Krugman (1987): Adjustment in the World Economy: “It is Keynes versus Ohlin, not Tobin versus Friedman… the old question of the relative price effects of an international transfer…”
• Paul Krugman (1987): Adjustment in the World Economy: “It is Keynes versus Ohlin, not Tobin versus Friedman… the old question of the relative price effects of an international transfer…”
• Stefan Bauernschuster, Anastasia Driva, and Erik Hornung: Bismarck’s health insurance and its impact on mortality: “Otto von Bismarck’s compulsory health insurance… [of] 1884… reduced mortality rates for blue-collar workers, probably by increasing the public’s knowledge about communicable disease transmission. This supports theories about the fundamental role of hygiene in reduced mortality at this time…”
• Howard Gleckman: Will A Corporate Rate Cut Really Increase US Jobs And Wages?: “Hassett made some bold promises to US workers, but, based on what we know so far, the Unified Framework can’t deliver them…”
• EPI: Missing Workers: The Missing Part of the Unemployment Story
• Monetary Policy Outlook: The United States (Fall 2017)
• Monday Smackdown: Paul Krugman on Kevin Hassett et al
• Comment of the Day: I would not say that Kevin Warsh is innumerate—I have never seen him claim anything like 36.5/85 = 0.20—but he does not reason coherently: Sans Souci: “‘Bernanke[‘s view]… may well be true according to economic textbooks’…”
• Comment of the Day: Phil Koop: (EARLY) MONDAY JOHN COCHRANE “ARITHMETIC IS FOR LOSERS” RESMACKDOWN: “‘And yet this was, once, an economist…’ ‘An economist who becomes a Fellow of the Hoover Institution does not die, but he does not grow or obtain more life’…”

• Bridget Ansel: Weekend Reading: “occupational segregation” edition: “Even as income inequality spiraled over the past fifty years, America’s child-poverty rate was cut in half…
• Equitable Growth: Equitable Growth’s Jobs Day Graphs: September 2017 Report Edition: “The prime employment rate hit a new high for this expansion, rising to 78.9 percent in September…
• Joan Williams: Equitable Growth in Conversation: “Elites have what are called entrepreneurial networks—wide circles of acquaintances that are often national, or even global… https://equitablegrowth.org/in-conversation/equitable-growth-in-conversation-joan-williams/
• Randall Morck and Bernard Yeung: East Asian Financial and Economic Development: “Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s… http://www.nber.org/papers/w23845
• Annette Alstadsæter, Niels Johannesen, and Gabriel Zucman: : “The equivalent of 10% of [annual] world GDP is held in tax havens globally…
• Olivier Blanchard and Lawrence H. Summers: Rethinking Macroeconomic Policy: “The Peterson Institute will hold a conference on ‘Rethinking Macroeconomic Policy’…
• Paul Krugman: The Transfer Problem and Tax Incidence: “I’ve spent three decades pointing out the fallacy of the doctrine of immaculate transfer…
• Peter Leyden: California Is the Future/span>: “Ground Zero: San Francisco…
• In-Koo Cho and Kenneth Kasa: Model Averaging and Persistent Disagreement: “Two agents construct models of an endogenous price process…
• Bob Margo: The integration of economic history into economics: “Many have noticed this long-term integration of economic history into economics…
• Peter Leyden et al.: Future of Work http://reinvent.net/events/event/future-of-work-kickoff-event/ | http://reinvent.net/events/event/future-of-work-kickoff-event-23-panel/ | http://reinvent.net/events/event/future-of-work-kickoff-event-33-panel-2-qa/ | http://reinvent.net/events/event/future-of-work-kickoff-event-44-breakout-sessions-conclusion/: “I’m Pete Leydon, and I am the founder of Reinvent…

Interesting Reads:

• Tim Dickinson: Jerry Brown’s California Dream: “The governor has created a climate-resistant, economically supercharged state – is this the blueprint for a more progressive America?…”
• Paul Krugman: The Transfer Problem and Tax Incidence: “Openness… makes a lot less difference to tax incidence than people seem to think…. If you’re trying to assess the effects of tax policies over the next decade, a closed-economy analysis is probably closer to the truth than one that assumes instant equalization of returns across nations…” https://krugman.blogs.nytimes.com/2017/10/05/the-transfer-problem-and-tax-incidence-insanely-wonkish/?smid=tw-share&_r=0
• Jake VanderPlas: Frequentism and Bayesianism: A Practical Introduction http://jakevdp.github.io/blog/2014/03/11/frequentism-and-bayesianism-a-practical-intro/
• Ceci Rouse: Interviewed by Lisa Barrow
• Ramesh Ponnuru: Trump Needs a Nimble Fed Chair, Not a Hawk or a Dove: “Kevin Warsh is always looking for inflation. Can he do what it takes to fight a recession?…
• Weekend Reading: Noah Smith, Also, Misses the Old John Cochrane, and Wonders Where He Went: Health-Care Blogging EditionI
• Weekend Viewing: Bradley A. Hansen: A Do It Yourself Video Course on Modern Economic Growth

• Elizabeth Munnich and Abigail Wozniak: What explains the rising share of U.S. men in registered nursing?: “This paper documents four decades of increasing participation in registered nursing among US men and explores reasons for this change… https://equitablegrowth.org/working-papers/rising-share-men-nursing/
• Nick Bunker: Old companies may be slowing down the U.S. economyh: “Titan Alon and David Berger… Robert Dent… and Benjamin Pugsley… labor productivity of firms over their lifecycles… https://equitablegrowth.org/equitablog/value-added/old-companies-may-be-slowing-down-the-u-s-economy/
• Karl Smith: Just Say No To Kevin Warsh: “Apparently Kevin Warsh is in a dead heat with Janet Yellen for Fed Chair.  I tried to articulate just how bad this is but the whole thing has me shrill… https://niskanencenter.org/blog/notes/just-say-no-kevin-warsh/
• Victor Chernozhukov et al.: Announcement of new Economics (econ) archive: “An Economics section of the scientific repository arXiv is opening this month… https://arxiv.org/help/econ/announcement
• James Pethokoukis: Why can’t the GOP come up with any serious ideas?: “This is proving to be a monumental week in the 163-year history of the Republican Party. And so far, it isn’t going very well… http://www.aei.org/publication/why-cant-the-gop-come-up-with-any-serious-ideas/
• Jong-Wha Lee: South Korea’s Looming Crisis: “More problematic, however, are South Korea’s low labor-market efficiency and weak institutions… https://www.project-syndicate.org/commentary/south-korea-nuclear-threat-economic-crisis-by-lee-jong-wha-2017-10
• Tyler Cowen: The Fed Needs a Savvy Politician as Its Chair: “The next time major economic volatility comes around, Fed decisions will be scrutinized and politicized like never before… https://www.bloomberg.com/view/articles/2017-10-05/the-fed-needs-a-savvy-politician-as-its-chair
• Alice Wu: Labor Lunch: Gender Stereotyping Academia: Evidence from Economics Job Market Rumors Forum: “Thursday, October 05, 2017 | 12-1 p.m. | 648 Evans Hall… http://events.berkeley.edu/index.php/calendar/sn/econ.html?event_ID=111181 https://www.dropbox.com/s/k4i8900wgwn0gcr/Wu_EJMR_paper_09_2017.pdf?dl=0
• Paul Krugman: Shifts Get Real: Understanding the GOP’s Policy Quagmire: “There are crucial links between the health care faceplant and the bad news (for the GOP) on taxes — links both causal and… cultural… https://krugman.blogs.nytimes.com/2017/09/30/shifts-get-real-understanding-the-gops-policy-quagmire/?_r=0
• Cosma Shalizi (1994): Review of: John E. Roemer, A Future for Socialism: “What to do the week after the Revolution has always been a poser for socialists… http://bactra.org/reviews/future-for-socialism/
• Karl Smith: THE BIG SIX’S TAX REFORM FRAMEWORK: THE GOOD AND THE BAD: “For individual taxpayers, we see a meaningful effort to curb and slowly eliminate the myriad of deductions and loopholes that plague the tax code… https://niskanencenter.org/blog/big-sixs-tax-reform-framework-good-bad/
• Michael Geruso and Timothy Layton: Selection in Health Insurance Markets and Its Policy Remedies: “We begin by outlining some important but often misunderstood differences between two types of conceptual frameworks… http://www.nber.org/papers/w23876

Interesting Reads:

• Mark Gertler: Rethinking the Power of Forward Guidance: Lessons from Japan: “I sketch a model meant to capture the challenge of reflation in Japan…. As Kuroda (2016) emphasizes, for an economy without a history of inflation being anchored by a target, individuals need direct evidence that the central bank is capable of moving inflation to target…” http://www.imes.boj.or.jp/research/papers/english/17-E-08.pdf
• Pseudoeresmus: Labour repression & the Indo-Japanese divergence https://pseudoerasmus.com/2017/10/02/ijd/
• David Autor: Polanyi’s Paradox and the Shape of Employment Growth https://economics.mit.edu/files/9835
• Robin Harding: Japanese business conditions strongest in a decade, Tankan shows: “Evidence of improved corporate fortunes boosts Abe in election race with Koike…” https://www.ft.com/content/65cfc8f6-a707-11e7-ab55-27219df83c97
• Neel Kashkari: My Take on Inflation: “FOMC policy over the past few years has likely led to falling inflation expectations and somewhat slower job growth, wage growth and inflation. Why did the FOMC remove accommodation during this time?…” https://medium.com/@neelkashkari/my-take-on-inflation-578aa5b6dc14