Must-Reads: October 14, 2016
- Noah Smith: Don’t Be So Sure the Big Tech Breakthroughs Are Behind Us: “Timothy B. Lee used to be one of the most ardent techno-optimists. But he’s had a bit of a conversion…
- Boston Fed: 60th Economic Conference: The Elusive “Great” Recovery: Causes and Implications for Future Business Cycle Dynamics
- Mark Thoma: This Nobel Prize for Economics Is Well Deserved: “Most people have probably never even heard of “contract theory”… Oliver Hart and Bengt Holmström…
- Nick Bunker: How Much Bigger Can the U.S. Labor Force Get?: “The White House’s Council of Economic Advisers puts about half of the decline in [labor force] participation from 2007 to 2014 into the “aging” category…
- (2012): From Divergence to Convergence: Re-evaluating the History Behind China’s Economic Boom: “The Qing Empire (1644-1911), the world’s largest national economy prior to the 19th century, experienced a tripling of population during the 17th and 18th centuries with no signs of diminishing per capita income…
- Paul Krugman: Notes on Brexit and the Pound: “The much-hyped severe Brexit recession does not, so far, seem to be materializing…
- Simon Wren-Lewis: Very Serious People and the Deficit: “George Osborne argued explicitly that the economic consensus was now that monetary policy should deal with stabilising output and inflation, while fiscal policy makers should look after their own deficit…
Should Reads:
- John Fernald: What Is the New Normal for U.S. Growth?
- Nic Fleming (2014): Gamification: Is it game over?: Taking the rules of video games and applying them to everyday life was billed as the next big thing, something that would transform everything from dull office work to how we exercise. But can it really work?
- Adair Turner: Demystifying Monetary Finance
- Olivier Blanchard et al. (2010): Rethinking Macro Policy
- Rudi Dornbusch (1998): Growth Forever
- Ben Bernanke (2002): Deflation: Making Sure “It” Doesn’t Happen Here
- Simon Wren-Lewis: A General Theory of Austerity
- Kyle Harper: People, Plagues, and Prices in the Roman World: The Evidence from Egypt: “Wheat prices, land prices, rents, and wages over the entire period of Roman control… intensive and extensive growth as well as contraction…. Demographic changes… an important, but by no means the only, force…”
Maury Obstfeld (2015): Trilemmas and Trade-Offs: Living with Financial Globalisation - James Bessen: How computer automation affects occupations
- Justin Fox: Not Working Makes People Sick
- Boston Federal Reserve: 60th Economic Conference: The Elusive “Great” Recovery:
Causes and Implications for Future Business Cycle Dynamics - Dan Davies: The “Third Country Equivalence” Delusion
- Kansas Economic Policy Conference
- Alan Greenspan (1997): Testimony on CPI Bias:
- John B. Taylor (1999): A Historical Analysis of Monetary Policy Rules
- Thomas Laubach and John C. Williams (2003): Measuring the Natural Rate of Interest
- Andrew Bailey (2009): Deliberation and Monetary Policy: Quantifying the Words of American Central Bankers, 1979-1999
- Hoisted from Two Years Ago: Unclear and Inadequate Thoughts on Financial Stability and Monetary Policy Once Again:
- CAPE, Future Expected Equity Returns, the Equity Premium, and Market Timing:
- DRAFT: Did Macroeconomic Policy Play a Different Role in the (Post-2009) Recovery?: