Must-Reads: October 28, 2016
- Carmen Reinhart: The Return of Dollar Shortages: “Seven decades later, despite the broad global trend toward more flexibility in exchange-rate policy and freer movement of capital across national borders, a “dollar shortage” has reemerged…
- Dennis K. Berman and Jamie Heller: Wall Street’s “Do-Nothing” Investing Revolution: “Picking stocks is at heart an arrogant act…
- Bruce A. Blonigen and Justin R. Pierce: Evidence for the Effects of Mergers on Market Power and Efficiency: “Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated…
- Simon Wren-Lewis: Paul Romer on Macroeconomics: “The microfoundations project, which was meant to make macro just another application of microeconomics, has left macroeconomics with very few friends among other economists….
- Doug Jones: The world at 1000 BCE: “The world population is about 50 million…
- Robert Waldmann: Benchmark II: “Benchmark[s] which I think are dangerous…
Should Reads:
- Brad Setser: The Return of the East Asian Savings Glut
- Kevin Drum: Long Haul Truck Drivers Are Scarily Close to Being Put Out of Business
- Kevin H. O’Rourke: It’s the UK that Wants New Barriers…: “Oh dear. EU doesn’t want tariffs with the UK: it’s the UK that wants new barriers. UK choices may require tariffs under WTO rules…”
- Arthur Okun: Equality and Efficiency: The Big Tradeoff
- Beating America’s Health-Insurance Monopolists: No Longer Live at Project Syndicate