Must-Reads: October 18, 2016
- James Stock and Mark Watson: Why Has GDP Growth Been So Slow to Recover?:
- Vitor Gaspar, Maurice Obstfeld, Ratna Sahay, et al.: Macroeconomic Management When Policy Space Is Constrained: A Comprehensive, Consistent, and Coordinated Approach to Economic Policy: “Global output remains below potential, unemployment above its natural rate, and inflation below target…
Should Reads:
- Ben Bernanke: Modifying the Fed’s policy framework: Does a higher inflation target beat negative interest rates?:
- Brad Setser: Splitting out Emerging Economies Changes the Picture on Global Trade
- Brad Setser: China: Too Much Investment, But Also Way Too Much Savings
- David Levine et al.: Quality of Outpatient Care Delivered to US Adults, 2002-2013
- Inequality: Brown University Janus Forum:
- (Early) Monday DeLong Smackdown: Labor Force Participation Trends:
- Note to Self from Boston Harborside: Alan Krueger and Gabriel Chodorow-Reich both assure me…
- The Prime-Age Men Missing from the Labor Force…:
- Weekend Reading: Janet!:
- Live Here with Glenn Rudebusch, Tim Due, and Lael Brainard in the Back Left Corner of the Federal Reserve Bank of Boston’s Auditorium:Another thought on Stock and Watson: doing things in first differences minimizes the salience of persistent factors that are small in any one period but cumulatively, have large impact…