Value Added – A blog

Our blog is the place where our staff and guest bloggers present clear, fact-based posts that make the connections between economic inequality and growth for the broad policy community and journalists based on the latest academic research.

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Imposing tariffs on intermediate inputs is especially bad: Chad Brown: The element of surprise is a bad strategy for a trade war

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We are not yet at maximum feasible employment: Jared Bernstein: Employment breakeven levels: They’re higher than most of us thought

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Without short selling, the current price of a speculative asset is the expected maximum valuation that will ever be given it by the non-forward looking: Noah Smith: Lessons on bubbles from Bitcoin

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@#$#@!*&%%!! Ana Swanson: Trump proposes rejoining Trans-Pacific Partnership to shield farmers from trade war

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Rescue the Republican Party by turning Republicans into New Deal Democrats?: Geoffrey Kabaservice: The dream of a Republican New Deal

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An interesting example of non-representative firm macro: Ernesto Pasten, Raphael Schoenle, and Michael Webe: Price rigidities and the granular origins of aggregate fluctuations

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Should-read: Leonardo Bursztyn, Thomas Fujiwara, and Amanda Pallais: ‘Acting wife’: Marriage market incentives and labor market investments

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Assessing the economic effects of the Tax Cuts and Jobs Act

Tax & Macroeconomics
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Should-read: George W. Evans and Bruce McGough: Equilibrium selection, observability and backward-stable solutions