Must-Reads: October 12, 2016
- Aimee Donnellan: Hard Brexit to cost 2,000 Goldman Jobs: Wall Street giant to shift third of City staff if single market access is lost…
- Neil Irwin: Britain’s Economy Was Resilient After ‘Brexit.’ Its Leaders Learned the Wrong Lesson: “The British currency is plummeting again…
- Matthew Yglesias: We Still Haven’t Recovered: “The long-term structural decline of American men’s attachment to the labor market is an interesting and important issue, [but] it’s not really an alternative to the theory that current low participation rates reflect an overall weak labor market…
- Antonio Fatás and Lawrence H. Summers: The Permanent Effects of Fiscal Consolidations: “The global financial crisis has permanently lowered the path of GDP in all advanced economies…
- Anat R. Admati et al.: The Leverage Ratchet Effect: “Firms’ inability to commit to future funding choices has profound consequences for capital structure dynamics…
Should Reads:
- Francis X. Diebold: Machine Learning vs. Econometrics, II
- Kevin Bryan: Nobel Prize 2016 Part I: Bengt Holmstrom
- Kevin Bryan: Nobel Prize 2016 Part II: Oliver Hart
- Felix Salmon (2013): Where banks really make money on IPOs
- Comment of the Day: Charles Steindel: Alan Greenspan Misjudged the Risks: “Agreed. I attended a number of FOMC meetings during the Greenspan era (not that one)…
- Weekend Reading: Harold Nicolson (1936): The Via Media Between War and Dishonour…
- The Hon. Member for Epping, October 5, 1938: