Tag: roundup

• JEC: The Next New Macro: “The seeds of disaster… lay…
• João Amador and Sónia Cabral: Networks of Value-Added Trade: “Global Value Chains have become the paradigm…
• Equitable Growth: Third Annual Class of Grantees

Interesting Reads:

• Facundo Alvaredo and Thomas Piketty (2015): Measuring Top Incomes and Inequality in the Middle East
• Frederick Studemann: Vienna’s fate is a cautionary tale for post-Brexit London
• Brink Lindsey: Liberals and libertarians should unite to block Trump’s extremism
• House of Wisdom
• William Watts: Trump is waving adios to the longstanding ‘strong dollar policy’
• Ben Thompson: The Great Unbundling
• Gideon Rachman: Atlantic era under threat with Donald Trump in White House
• Live from Planet Gutenberg: The day’s book haul. These both look very good. Unfortunately, the first day of classes is absolutely the last day you want your book showing up in my mailbox in the form of a review copy…

• Kenneth Arrow et al.: (2004): Are We Consuming Too Much?: “We consider two criteria for the possible excessiveness (or insufficiency) of current consumption…
• Christoph Lakner and Branko Milanovic (2013): Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession
• Ken Rogoff: Big Danger at the Lower Bound: “Given that the Fed may struggle just to get its base interest rate up to 2% over the coming year, there will be very little room to cut if a recession hits…
• Jared Bernstein: More from the 2017 ERP: “Emily Horton… and Emma Sifre…. I asked them to choose a figure from the new 2017 ERP….
• Guido Alfani: Europe’s Rich since 1300: “Throughout this time, the only significant declines in inequality were the result of the Black Death and the World Wars…

Interesting Reads:

• Jeff Larrimore, Jacob Mortenson, and David Splinter: Household Incomes in Tax Data: Using Addresses to Move from Tax Unit to Household Income Distributions
• Adam Tooze: USA: Goodbye to the American Century: The rise and fall of US hegemony. Or Donald Trump and the sunset of American hegemony
• Reuven S. Avi-Yonah and Kimberly A. Clausing: Problems with Destination-Based Corporate Taxes and the Ryan Blueprint
• Dominick Bartelme and Yuriy Gorodnichenko: Linkages and economic development:
• Guido Alfani
• Marcia Angell: Medicare for All should replace Obamacare
• Paul Krugman: Secular Stagnation Arithmetic
• My Very Short Take on World War II…: Hoisted from the Archives
• Weekend Reading: Belle Waring: If Wishes Were Horses, Beggars Would Ride–A Pony!: Best Weblog Post EVAR (Smackdown/Hoisted)

• Matthew Yglesias: Obama to Working Class Trump Voters: You Played Yourselves: “‘If every economic issue is framed as a struggle between a hardworking white middle class and undeserving minorities’…
• Manu Saadia: Why Peter Thiel Fears “Star Trek”: “Asked… whether he was a bigger fan of ‘Star Wars’ or ‘Star Trek’…
• Matthew Yglesias: Democrats Should Write Their Own “Terrific” Obamacare Replacement: “Protecting Medicare and Medicaid means you can’t… scrap the Medicaid expansion, and you can’t scrap the payment reforms to Medicare…
• Sharun W. Mukand and Dani Rodrik: _Ideas versus Interests: A Unified Political Economy Framework: “[We] distinguish between two kinds of ideational politics…
• Charles Wilson (1967): Trade, Society, and the State: “The two areas which in 1500 represented the richest and most advanced concentrations…
• Luigi Zingales: Donald Trump’s Economic Policies: Pro-Business, Not Pro-Market: “Trump is eliminating lobbyists by putting them in charge of all departments…
• Gillian Tett: Obama and the Audacity of Hindsight: “It is tempting to point out all the things that Obama could or should have done better…
• Paul Krugman: Infrastructure Delusions: “There will be no significant public investment program…

Interesting Reads:

• It seems that Pethokoukis’s “compromise” is simply “ObamaCare”. If he and his peers would just say that, things would be less messed up: James Pethokoukis: An ObamaCare compromise that Republicans and Democrats can both love
• Mark Thoma: Here’s what really caused the housing crisis
• Thomas Piketty: WID.world: new data series on inequality and the collapse of bottom incomes
• Kevin Drum: No, Tech Firms Are Not Huge Job Creators
• Marshall Steinbaum and Bernard Weisberger: When Economics Was Radical
• JEC: The Microfoundations Hoax: “When I call ‘microfoundations’ a hoax, I’m not kidding around.  The only question is, what proportion of macroeconomists have perpetrated this hoax upon themselves, and what proportion has known this all along…”
• Ben Thomas: When Roman “Barbarians” Met the Asian Enlightenment
• For the Weekend…: Bob Hoskins as Nikita Khrushchev
• Weekend Reading: Adam Tooze: Goodbye to the American Century
• Building Tools: Growth
• For the Weekend…: Beyoncé & Tina Turner: Proud Mary
• Reading: Robert Allen (2011): Global Economic History: A Very Short Introduction, chapter 1
• Reading: Paul David (2005): Clio and the Economics of QWERTY
• George Orwell (1946): In Front of Your Nose

• Dani Rodrik: Trump’s Defective Industrial Policy: “Sociologists Fred Block and Matthew Keller have provided perhaps the best analysis of the US “developmental state”…
• Jared Bernstein: More on the non-mystery of non-work: “Employment rates of prime-age workers…
• Olivier Blanchard: The US Phillips Curve: Back to the 60s?: “Low unemployment still pushes in ation up; high unemployment pushes it down….

Interesting Reads:

• Fred Block and Matthew R. Keller (2011): Where do Innovations Come From?: Transformations in the U.S. Economy, 1970-2006
• Are we better off than our parents?: The data that underscores the fading “American dream”: Raj Chetty, David Grusky, Maximillian Hell, Nathaniel Hedren, Robert Manduca, and Jimmy Narang, “The Fading American Dream: Trends in Absolute Mobility Since 1940,” 2016, Cambridge, MA: National Bureau of Economic Research working paper no. 22910.
• Hilary Hoynes et al.: America’s best child poverty-fighting program? It’s spelled EITC
• Richard Mayhew: Why I am only pessimistic instead of completely certain of doom: “I’ve been slowly moving towards only pessimism(75%) instead of certainty(97%) that the ACA or something like is doomed…”
• Harold Pollack and Tim Jost: Seven Questions About Health Reform: “Plans would protect individuals with pre-existing conditions from discrimination only if they maintained insurance coverage without any breaks. But this is not easy because of job loss and transient hardships…”
• Michael Reich et al.: Effects of a $15 Minimum Wage in California and Fresno
• Emmanuel Farhi, Gita Gopinath, and Oleg Itskhoki: Trump’s Tax Plan and the Dollar: “A border-adjustment tax… has nothing to offer…. Currency appreciation offsets the fiscal devaluation. But… an appreciating dollar would erode America’s net foreign-asset position…”
• The Story of American Economic History
• Weekend Reading: J. William Ward: “The Hunters of Kentucky”: The Kentucky Strain of American Nationalism Has Always Been Fake News…
• Ten Great Books I Read in the Second Half of 2016
• Readings for Econ 115: 20th Century Economic History
• Adam Silverman: Today in Presidential Farewell Addresses: President Eisenhower

• Mark Thoma: Why Trump Needs to Take the Economy More Seriously: Trump’s habit of claiming more credit than he deserves stands in sharp contrast to President Obama’s inability to communicate all of the good things that have happened during his presidency…
• Larry Summers: Best bets for public investment
• Noah Smith: Sometimes It’s Hard to Explain Market Failures:

Interesting Reads:

• Martin Wolf: The economic consequences of Barack Obama’s presidency: Given the starting point, and congressional opposition, recovery has been remarkable…
• Steven Levy: Phil Schiller on iPhone’s Launch, How It Changed Apple, and Why It Will Keep Going for 50 Years
• Brad Setser: Two Trade Variables To Watch in 2017: “Few variables will tell us more about the course of the global economy, and perhaps global policy, than the evolution of Chinese and U.S. exports. Sometimes the most important indicators are simple and straightforward…
• Dominic Cummings: Vote Leave: “Would we have won without £350m/NHS? All our research and the close result strongly suggests No.”
• CEA: Understanding Recent Developments in the Individual Health Insurance Market
• Pedro da Costa: Fed presidents and staff economists views on economy: “The most salient discord appeared to be between the view of Fed economists… and sitting policymakers…. The latter, perhaps because of their more public role, seemed substantially more optimistic…
• Jo Ingles: Gov. Kasich Credits Medicaid Expansion For Helping Ohio Fight Drug Abuse Problem
• Raj Chetty and Nathaniel Hendren: The Impacts of Neighborhoods on Intergenerational Mobility II: County-Level Estimates: “Growing up in a one SD better county from birth increases a child’s income by approximately 10%…
• Malthusian Economies–from 2008
• “Globalization” and “Neoliberalism”
• Was This the Greatest Failure of the Obama Administration?
• Comment of the Day: Graydon: Is Innovation in Human Nature?: “Innovation always threatens someone’s existing social place and security…

• Yair Field et al.: Detection of human adaptation during the past 2000 years: “in the ancestors of modern Britons during the past ~2,000-3,000 years…
• Christopher Boone et al.: Unemployment Insurance and Employment: “The Unemployment Insurance programme in the US was significantly expanded during between 2008 and 2014…
• Nils Gilman: The Twin Insurgency: “By the 1970s,… the social modernist states were increasingly failing to deliver

Interesting Reads:

• Mari Nutti: Seismic Faults in the European Union
• Comment of the Day: DCA: Is Innovation in Human Nature?: “There is a Joel Mokyr tie-in here, is there not?..

• Allegra Kirkland: Rand Paul: Trump Backs Plan To Repeal, Replace Obamacare Simultaneously: “Rand Paul: ‘I just spoke to @realDonaldTrump…
• Pseudoerasmus: The Bairoch Conjecture on Tariffs and Growth: “There is a vast empirical literature which finds a positive correlation between economic growth and various measures of openness to international trade in the post-1945 period…
• Scott Lemieux: But Where’s the Tort Reform?: “Rand Paul, the true progressive alternative in the 2016 race…
• Stephen Bush: Theresa May’s Brexit Objectives Are Crystal Clear: “I think the Prime Minister’s getting an rap for inscrutability she doesn’t quite deserve…
• Laura Tyson and Lenny Mendonca: Federalism and Progressive Resistance: “With the world’s sixth-largest economy, a population of nearly 40 million that looks like the future of America…
  Antonio Fatás and Lawrence H. Summers: The Permanent Effects of Fiscal Consolidations: “The global financial crisis has permanently lowered the path of GDP in all advanced economies…

Interesting Reads:

• Herbal teabagger watch: Carla Marinucci: Head of nurses union RoseAnn DeMoro ‘counting on’ Trump for single-payer system
• The Commonwealth Fund: Repealing Federal Health Reform: Economic and Employment Consequences for States
• George Steiner: Language and Silence: Essays on Language, Literature, and the Inhuman http://amzn.to/2iP3rKR
• Monday Smackdown: John Taylor vs. Janet Yellen in Early 2009 Edition
• Who Will Donald Trump Turn Out To Be?
• The End of the Bond Bull Market?
• Links for the Week of January 8, 2017

• Josh Marshall: Chauncey Trump: “The AMA, which has been rather comically pro-Trump to date, came out today and told Republicans that they shouldn’t repeal Obamacare without a clear replacement…
• Etienne Gagnon, Benjamin K. Johannsen, and David Lopez-Salido: Understanding the New Normal: The Role of Demographics: “Calibrating an overlapping-generation model with a rich demographic structure to observed and projected changes…

Interesting Reads:

• Harold Pollack: The American Medical Association to Congress on ACA: First, do no harm. And let’s see the detailed “replace” plan before any “repeal.”
• Comment of the Day: Robert Waldmann: Musings on Worker Stickiness, Full Employment, and Productivity Growth: “Causation? Low technological progress would reduce the number of really good better than the old job openings…
• Memories of Past Policy Disasters, and the Likelihood of ACA Repeal