Must-Reads: October 22, 2016
- Antonio Fatas: The Stock Market Looks Cheap: “I constructed the difference between RF – E/P…
- 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…
- : Why Was It Europeans Who Conquered the World?: “By the eighteenth century, Europeans dominated the military technology of gunpowder weapons…
- : Dumb Luck in Historical Development: “Philip Hoffman’s Why Did Europe Conquer the World?…
- Noah Smith: Do Economists Have Physics Envy?: “Philip Mirowski… is not too happy with my post. In a recent interview, he explains why…
*Cardiff Garcia: Bengt Holmstrom: Money Markets and Opacity: “Stock markets are about price discovery for the purpose of allocating risk efficiently…
Should Reads:
- Olivier Blanchard: Discussion of Brad DeLong: “Did Macroeconomic Policy Play a Different Role in the (Post-2009) Recovery?”
- Oded Galor and Ömer Özak: American Economic Association
- Justin Fox: No, U.S. Manufacturing Isn’t Really Booming
- Charles I. Jones and Peter J. Klenow: Beyond GDP? Welfare across Countries and Time
- Claudia Sahm and Jason Sockin: “Limited Attention” and Inflation Expectations of Households