Must- and Should-Reads: April 24, 2017
- Matthew Yglesias: If you really respect Trump voters, tell them the truth: “A wave of recent columns argue that what Trump superfans… http://www.vox.com/policy-and-politics/2017/4/24/15375206/respect-trump-voters-truth
- Ezra Klein: The GOP’s biggest health care achievement has been making Obamacare more popular: “It is bizarre watching House Republicans persuade themselves that the problem they face on health care… https://www.vox.com/obamacare/2017/4/20/15373092/republicans-made-obamacare-more-popular
- Fatih Guvenen and Greg Kaplan: Top Income Inequality in the 21st Century: Some Cautionary Notes: “IRS and SSA data reveal diverging patterns in top income shares… http://papers.nber.org/w23321.pdf
- Kevin Drum: We’re Now In the Second Biggest Housing Boom of All Time: “The most remarkable feature of this chart… http://www.motherjones.com/kevin-drum/2017/04/were-now-second-biggest-housing-boom-all-time
- Òscar Jordà, Moritz Schularick, and Alan M. Taylor: Monetary Policy Medicine: Large Effects from Small Doses?: “How do we know that higher interest rates will bring prices under control?… http://www.frbsf.org/economic-research/publications/economic-letter/2017/april/monetary-policy-medicine-using-quasi-random-experiments/
- Hyun Song Shin: Accounting for global liquidity: reloading the matrix: “In emerging market economies especially, a weakening of the domestic currency against the dollar saps both cross-border bank lending and investment… http://www.bis.org/speeches/sp170419.htm
Interesting Reads:
- Alan Auerbach et al.: How the Growing Gap in Life Expectancy May Affect Retirement Benefits and Reforms http://papers.nber.org/tmp/16516-w23329.pdf
- Martin Wolf: Dealing with America’s trade follies https://www.ft.com/content/fca7e9a4-2366-11e7-a34a-538b4cb30025: “Its policies will fail to reduce deficits—for which foreigners will be blamed…”
- Benjamin Wallace-Wells: The Despair of Learning That Experience No Longer Matters http://www.newyorker.com/news/benjamin-wallace-wells/the-despair-of-learning-that-experience-no-longer-matters
- Dani Rodrik: Prudential regulation, capital controls, and second-best: “One of my favorite aphorisms is ‘the world is second best, at best’ (due to Avinash Dixit)…. First-best logic can be misleading…” http://rodrik.typepad.com/dani_rodriks_weblog/2017/04/prudential-regulation-capital-controls-and-second-best.html
- Duncan Black: If You Get Sick, Should You Just Die If You Aren’t Rich?: “That really is the fundamental question with our health care system…. I get enraged every time I see a gofundme type thing for someone’s cancer… by the fact that people have to beg to live and this just ‘normal’. http://www.eschatonblog.com/2017/04/if-you-get-sick-should-you-just-die-if.html
- Eric S. Rosengren: _The Federal Reserve Balance Sheet and Monetary Policy” <file:///Users/delong/Downloads/041917text.pdf>
- A Low-Pressure Economy Is Not Only Dark But Invisible in the Horserace Noah Smith is Running…: “…” http://www.bradford-delong.com/2017/04/a-low-pressure-economy-is-not-only-dark-but-invisible-in-the-horserace-noah-smith-is-running.html
- Hoisted: Mike Konczal (2013): Reinhart-Rogoff A Week Later: Why Does This Matter? http://www.bradford-delong.com/2017/04/hoisted-reinhart-rogoff-a-week-later-why-does-this-matter-seeking-alpha.html