Must-Reads: September 14, 2016
- Nick Rowe: Money Stocks and Flows: Those… differences between money and all other assets means that it is misleading to think of the demand for money, like the demand for other assets, in terms of portfolio choice….
- David Beckworth: The Fed is Trapped in a Rate Hike Talk Cycle: Since mid-2014 the Fed has been talking up interest rate hikes… but only has a 25 basis point rate increase to show for it….
- Lael Brainard: The “New Normal” and What It Means for Monetary Policy: Several features of the “new normal”… appear particularly noteworthy for our policy deliberations:
- Larry Summers: Building the Case for Greater Infrastructure Investment: The issue now is not whether the US should invest more but what the policy framework should be…
- JEC: Houdini’s Straightjacket: Escape artistry… probably wouldn’t be anyone’s first choice as a model for the conduct of social science. Yet, bizarrely, it has become the prevailing paradigm in macroeconomics….
- Nick Bunker: How Intensely are U.S. Employers Looking for Workers?: Recruitment intensity might have something to do with the overall health of the labor market….
Should Reads:
- David Stern: Progress on New Climate Modeling Paper
- Jo Mitchell: Consistent modelling and inconsistent terminology
- Simon Wren-Lewis: More on Stock-Flow Consistent models
- Claudia Sahm: With Data Comes Responsibility
- Roger Farmer: Why Central Bankers are Like Sheepdogs
- David Glasner: Where Do Monetary Rules Come From and How Do They Work?
- Journal of Health Politics, Policy and Law
- William Dudley: The U.S. Economic Outlook and the Implications for Monetary Policy
- Brad Setser: Large Scale Central Bank Asset Purchases, with a Twist
- Joe Joyce: The Search for an Effective Macro Policy
- Justin Fox: The Strange Case of Off-Patent Drug Price Gougers
- Jared Bernstein: Binder/Rodrigue on Updating the Fed Toolbox:
- Pseudoerasmus: Errata Dentata: The History Manifesto Revisited
- Alana Semuels: Why So Few American Economists Are Studying Inequality
- Cassius Clay: Today’s Economic History
- Comment of the Day: Robert Waldmann: Links for the Week of August 28, 201
- The Wayback Machine: From Ten Years Ago: August 31-September 13, 2006