Must-Reads: September 26, 2016
- William Spriggs: Trying to Teach Old Dogs New Tricks: Last December, after a long period of keeping the Fed funds rate near zero, the FOMC voted unanimously to raise the Fed funds rate by one-quarter to one-half points….
- Mark Pesce: Zombie Moore’s Law: Hardware Eats Software: Intel announce some next-generation CPUs that aren’t very much faster… delays… some of its 10nm process CPUs; and Apple’s new A10 chip, powering iPhone 7, is as one of the fastest CPUs ever.
- Nick Rowe: Cheshire Cats and New Keynesian Central Banks: How can money disappear from a New Keynesian model, but the Central Bank still set a nominal rate of interest and create a recession by setting it too high?…
- Barry Eichengreen: Closing Remarks to Policy Challenges in a Diverging Global Economy: It is one of the great pleasures of my association with the Federal Reserve Bank of San Francisco to give these closing remarks…
Should Reads:
- Andrew Gellman: What has happened down here is the winds have changed
- The AI Now Report: The Social and Economic Implications of Artificial Intelligence Technologies in the Near-Term
- Brad W. Setser
- Miles Kimball: Sticky Prices, Sticky Inflation and the Cost of Inflation as Reflections of Cognitive Costs
- Pedro da Costa: Fiscal policy suddenly all the rage among policymakers who should have thought of it sooner
- Brookings Productivity Puzzle Panel: VIdeo
- (Early) Monday Smackdown: David Glasner on the Ignorance of Macroeconomists Who Say “All Models Are False” in Self-Justification