Must-Reads: November 20, 2016
- Duncan Black: Everybody Wants You: “I do think the upper class twits that rule Britain really do believe that the continent needs them (or thinks they do, effectively the same thing). They don’t…
- Simon Wren-Lewis: The Folly of Triggering Article 50: “Immediately after the Brexit vote, all the analysis I saw argued that Article 50 would not be triggered for some time…
- Andreas Fagereng et al.: Heterogeneity and Persistence in Returns to Wealth: “Twenty years of population data from Norway’s administrative tax records [show]…
- Paul Krugman: Infrastructure Build or Privatization Scam?: “Trumpists are touting the idea of a big infrastructure build…. But remember who you’re dealing with…
- Austin Frakt: Senator Lamar Alexander and Endless Can-Kicking Repeal: Senator Lamar Alexander understand how hard crafting health policy is… (Tu)
Interesting Reads:
- Either central banks must be given the tools to stabilize the economy, or responsibility for stabilization policy needs to be shifted back so that fiscal authorities share it–in which case fiscal authorities need to step up their technocratic game: Stefan Gerlach: Sky-High Monetary Policy
- Michael Santoli: @michaelsantoli: “Non-financial stocks are up less than 1% since election [& financials up 10.6%]. But be sure to tell us again how ‘everything’s changed.'” https://twitter.com/hsilverb/status/799366135439388672
- Richard Baldwin: The Great Convergence: Information Technology and the New Globalization http://amzn.to/2g4GIpQ
- Susan Dynarski: @dynarski: Stock price of U Phoenix at 52-wk high. Investors expect profits to rise at for-profits.
- Fiscal Policy in the New Normal: IMF Panel
- Weekend Reading: Diane Coyle: On Richard Baldwin’s “The Great Convergence”
- Weekend Reading: Alexander Hamilton: Protecting the Choice of President from Sinister Foreign Interference
- Any Hopes for Inclusive Growth in the Age of Trump?
- Note to Self: For the second day in a row, Sherman Robinson says that I must read Richard Baldwin’s new book immediately…
- Comment of the Day: Robert Waldmann: Some Questions About Low Investment, to Some of Which I Have Half-Adequate Answers…: “Ah, yes! Basically just the very primitive accelerator without even a real interest term…
- Some Questions About Low Investment, to Some of Which I Have Half-Adequate Answers…
- Neville Morley: Political Economy and Classical Antiquity
- Mohamed A. El-Erian: @elerianm: ICYMI, it didn’t take long for the Bank of #Japan to react to higher yields – unlimited #bonds buying at fixed rates