Must-Reads: August 19, 2016
- (2000): Reassessing Discretionary Fiscal Policy: Recent changes in policy research and in policy-making call for a reassessment of countercyclical fiscal policy…
- Nick Bunker: Why Slightly higher Inflation Might Be a Benefit: The U.S. Federal Reserve Board hasn’t hit its stated inflation target of two percent in more than four years…
- Jesse Rothstein: The Economic Consequences of Denying Teachers Tenure: There’s just not actually a long list of people lining up to take the jobs…
- : Designing effective automatic stabilisers of the business cycle: Brexit has raised the possibility of a recession on both sides of the Atlantic…
- Fred Bateman et al.: Did New Deal and World War II Public Capital Investments Facilitate a “Big Push” in the American South?: Abstract: The “big push” theory claims that publicly coordinated investment can break the cycle of poverty…
- : How Fast is CEO Compensation Rising?: CEO compensation is growing faster than the wages of the top 0.1 percent…
Should Reads:
- Macroeconomics, Fantasy, Reality, and Intellectual Utility…
- Janet Gornick and Heather Boushey: The Economics of Work-Life Conflict: Heather Boushey and Janet Gornick in Conversation
- Robbie Whelan in Stockholm and Esther Fung: China’s Factories Count on Robots as Workforce Shrinks
- Mark Palko and Andrew Gelman: How schools that obsess about standardized tests ruin them as measures of success
- Richard Florida: On Twitter: A riff on lack of demand…
- Claudia Sahm: Firms and Inequality: I agree with Adam Ozimek (aka Modeled Behavior) that the role of firms in rising income inequality is a Big Open Question. I’ve been lucky enough to see “Firming Up Inequality” by Song, Price, Guvenen, Bloom, and von Wachter presented twice in the past two years…
- (2000): Monetary Policy in a Low Inflation Environment
- Michael J. Way et al.: Was Venus the First Habitable World of our Solar System?