Must-Reads: October 3, 2016
- Larry Summers: Four Things the Fed Should Do Now: The neutral rate is now close to zero and it may well remain under 2 percent for the foreseeable future…
- Brad Setser: The ECB on the Slowdown in Global Trade: I have long thought that China was too big an economy for manufacturing exports to account for 35 percent of its GDP…
- (2001): Technology, Information Production, and Market Efficiency: A recent study by Financial Executives International (FEI) and NYU graduate student Min Wu… associate[s] these [earnings] restatements with losses of market value of $31.2 billion in 2000, $24.2 billion in 1999, and $17.7 billion in 1998…
- Robert Skidelsky: The Scarecrow of National Debt: Most people are more worried by government debt than about taxation…
- Temina Madon, Karen J. Hofman, Linda Kupfer, and Roger I. Glass: Implementation Science: We face a formidable gap between innovations in health… and their delivery….
- Paul Krugman: A General Theory Of Austerity?: As someone who was in the trenches during the US austerity fights…
- Sebastian Mallaby: The Doubts of Alan Greenspan: In Jan. 2004, with house prices starting to look frothy, Mr. Greenspan repeated his warning, predicting a repeat of the tech bust…
- Greg Ip: Fiscal Policy Makes a Quiet Turn Toward Stimulus: Now… fiscal policy across the developed world is collectively turning more stimulative for the first time since the end of the recession…
- Noah Kaplan et al.: Understanding Persuasion and Activation in Presidential Campaigns: The Random Walk and Mean Reversion Models: Political campaigns are commonly understood as random walks…
- Martin Wolf: Man in the Dock: Of his time as Fed chairman, Mr Mallaby argues convincingly that:
- Kenneth Rogoff: Is the Fed Playing Politics?: [Is] the Fed… applying overdoses of monetary stimulus to hypnotize voters into believing that economic recovery is underway[?]…
Should Reads:
- Larry Summers: The middle class and secular stagnation
- Genevieve Bell: Artificial intelligence: Making a human connection
- Martin Wolf: Make no mistake, Britain is not a world-beating economy: Failings include low investment, inadequate basic education and the innumeracy of the elites
- Phillip Longman: Time to Fight Health-Care Monopolization
- Kathy Ruffing and Paul van de Water: Social Security Benefits Are Modest: Policymakers Have Limited Room to Reduce Benefits Without Causing Hardship…
- David Roberts: Superblocks: how Barcelona is taking city streets back from cars
- Chris Bradford: Econ 101 and the Missing Middle
- Danny Yagan (2015): Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut
- Francine D. Blau and Christopher Mackie, eds.: The Economic and Fiscal Consequences of Immigration
- Roger Farmer and Pawel Zabczyk: Why Unconventional Monetary Policy Works in Theory
- David Beckworth: The Loflation Pandemic
- Olivier Blanchard: The State of Advanced Economies and Related Policy Debates: A Fall 2016 Assessment