Must- and Should-Reads: August 28, 2017
- George W. Evans, Seppo Honkapohja, and Kaushik Mitra: Expectations, Stagnation and Fiscal Policy: “Persistent stagnation and fiscal policy are examined in a New Keynesian model with adaptive learning determining expectations… http://www.bankofengland.co.uk/research/Documents/conferences/conference03040717/expectationspolicy.pdf
- Larry Summers: Mexico isn’t taking Trump’s threats seriously now: “Relative to my last visit to Mexico in March, leaders have moved from being appalled and alarmed by the Trump administration to being appalled and bemused… https://www.ft.com/content/4b33f856-69fa-3e4d-b3bd-cb8a69648a68
- Mary Eschelbach Hansen and Nicolas L. Ziebarth: Credit Relationships and Business Bankruptcy during the Great Depression: “Stickiness makes relationships beneficial to borrowers in times of their own distress but makes them potentially problematic when lenders themselves face hardship… http://pubs.aeaweb.org/doi/pdfplus/10.1257/mac.20150218
- Michael J. Boskin: Can Trump Turn His Presidency Around?: “Bill Clinton’s administration began with a lack of discipline… https://www.project-syndicate.org/commentary/can-trump-turn-his-presidency-around-by-michael-boskin-2017-08
- Simon Wren-Lewis: Japan and the burden of government debt: “There is currently a very good reason to write about the Japanese economy… https://mainlymacro.blogspot.co.uk/2017/08/japan-and-burden-of-government-debt.html
Interesting Reads:
- James C. Robinson, Christopher M. Whaley, and Timothy T. Brown: Association of Reference Pricing with Drug Selection and Spending: “Implementation of reference pricing was associated with a higher percentage of prescriptions that were filled for the lowest-priced reference drug within its therapeutic class…” http://www.nejm.org/doi/full/10.1056/NEJMsa1700087?query=featured_home&
- SPUR: Room for More: SPUR’s Housing Agenda for San Jose: “The Silicon Valley economic miracle has become a housing nightmare. We aren’t building enough housing for all the people who want to live here…” http://www.spur.org/sites/default/files/publications_pdfs/SPUR_Room_for_More.pdf
- Tim Harford: Trump, Bannon and the lure of zero-sum thinking: “Attacking China, even metaphorically, will do nothing for America’s middle class…” https://www.ft.com/content/381f5888-88b0-11e7-bf50-e1c239b45787
- Larry Summers: Issues under discussion at Jackson Hole https://www.ft.com/content/0dc83a09-e4c4-3382-bc0f-8f19086115c0