Must- and Should-Reads: September 29, 2017
- Nick Bunker: Weekend reading: “Triennial data release” edition : “The rise in U.S. income inequality is well known by now… https://equitablegrowth.org/equitablog/weekend-reading-triennial-data-release-edition/
- Nick Bunker: An update on the state of wealth inequality in the United States: “The Federal Reserve yesterday released the 2016 version of its triennial Survey of Consumer Finances… https://equitablegrowth.org/equitablog/value-added/an-update-on-the-state-of-wealth-inequality-in-the-united-states/
- Atif Mian, Amir Sufi, and Emil Verner: How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s: “Does an expansion in credit supply affect the economy by increasing productive capacity, or by boosting demand?… http://www.nber.org/papers/w23802
- Jake VanderPlas: Reproducible Data Analysis in Jupyter: “Jupyter notebooks provide a useful environment for interactive exploration of data… http://jakevdp.github.io/blog/2017/03/03/reproducible-data-analysis-in-jupyter/
- Ben Thompson: Defining Aggregators: “Value has shifted away from companies that control the distribution of scarce resources to those that control demand for abundant ones… https://stratechery.com/2017/defining-aggregators/
- Christopher Jeffery: Fed’s [John] Williams floats co-ordinated shift from 2% targets: “Williams… believes 2% inflation targets adopted by most of the developed world’s central banks will prove to be suboptimal over the next 10 years… https://www.centralbanking.com/central-banks/monetary-policy/operating-framework/3301501/feds-williams-floats-co-ordinated-shift-from-2-targets
- Josh Barro: Trump, GOP tax plan is looming political disaster: “President Donald Trump tweeted Wednesday morning, hours before the announcement of the latest Republican tax proposal, that… http://www.businessinsider.com/trump-gop-tax-plan-political-disaster-2017-9
Interesting Reads:
- Bloomberg: The New Republican Tax Plan Still Isn’t a Plan: “The so-called ‘framework’ for tax reform has more gaps than substance…. President Donald Trump and congressional Republicans have once again succeeded in avoiding an actual plan. At best, it’s the start of a process that might conceivably lead somewhere…” https://www.bloomberg.com/view/articles/2017-09-27/the-new-republican-tax-plan-still-isn-t-a-plan
- Noah Smith: Economists Have No Use for Republican Tax Cuts: “They don’t boost growth; they just add to deficits…” https://www.bloomberg.com/view/articles/2017-09-28/economists-have-no-use-for-republican-tax-cuts
- David Anderson: CHIP reauthorization https://www.balloon-juice.com/2017/09/27/chip-reauthorization/
- Matthew Yglesias: Trump’s plan to sell tax cuts for the rich is to pretend they’re not happening https://www.vox.com/policy-and-politics/2017/9/27/16368612/trump-tax-cut-principles
- Christopher Jeffery: Eichengreen supports calls for FOMC to hold more press conferences: “Governance expert says Fed is one of the most transparent central banks in the world but improved consistency of format around FOMC meetings ‘makes sense’…” https://www.centralbanking.com/central-banks/monetary-policy/operating-framework/3300346/eichengreen-supports-calls-for-fomc-to-hold-more-press-conferences
- Josh Barro: Trump tax plan: ‘Doubled standard deduction’ is misleading http://www.businessinsider.com/trump-tax-plan-doubled-standard-deduction-2017-9
- Tim Duy: “This policy stance looks inconsistent with the downward revisions to projections
of inflation and the neutral rate: under the Fed’s
earlier reaction function, the combination of the two
would drive down rate projections…” https://blogs.uoregon.edu/econforum/files/2017/09/FedWatch092517-28l02hi.pdf - Carola Conces Binder: Federal Reserve Communication and the Media https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2835574