Tag: roundup

• Liz Hipple: Understanding the importance of antitrust policy for U.S. economic competitiveness and consumer choice: “John E. Kwoka… documents the rise in industry concentration and examines the evidence for one possible explanation… https://equitablegrowth.org/equitablog/value-added/understanding-the-importance-of-antitrust-policy-for-u-s-economic-competitiveness-and-consumer-choice/
• Nisha Chikhale: A glance at pay inequities for African American women’s Equal Pay Day: “We’ve updated Equitable Growth’s interactive tool with new data… https://equitablegrowth.org/equitablog/a-glance-at-pay-inequities-for-african-american-womens-equal-pay-day/
• Timothy Noah: @TimothyNoah1 on Twitter: “@rortybomb @jonathanchait: It simply isn’t true… https://twitter.com/TimothyNoah1/status/887406956994064384
• Matt Bruenig: The Success Sequence Is About Cultural Beefs Not Poverty: “The Success Sequence is back!… http://mattbruenig.com/2017/07/31/the-success-sequence-is-about-cultural-beefs-not-poverty/
• Paul Krugman: Who Ate Republicans’ Brains?: “Senator Lindsey Graham was entirely correct when he described the final effort at repeal as ‘terrible policy and horrible politics’, a ‘disaster’ and a ‘fraud’. He voted for it anyway… https://www.nytimes.com/2017/07/31/opinion/republicans-trumpcare-obamacare-lies.html
• Robert C. Feenstra and David E. Weinstein: Globalization, Markups, and US Welfare: “We work with symmetric translog preferences… http://www.journals.uchicago.edu/doi/abs/10.1086/692695
• Chris Dillow: Cronyism, & the demand for redistribution: “Is actually-existing capitalism a fair or a rigged game?… http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2017/07/cronyism-the-demand-for-redistribution.html
• Cameron Joseph and Tierney Sneed: After Obamacare Repeal Collapse, GOP Weighs Whether To Help State Markets: “Most Republicans have been happy to watch some state-level individual health insurance exchanges sputter… http://talkingpointsmemo.com/dc/after-obamacare-repeal-collapse-gop-weighs-whether-to-help-state-health-exchange-markets

Interesting Reads:

• Branko Milanovic: olonialism applied to Europe: review of Mazower’s “Hitler’s Empire” http://glineq.blogspot.co.uk/2017/07/colonialism-applied-to-europe-review-of.html?m=1
• Mark Thoma: Will Trump Try to ‘Overrule’ Monetary Policy? http://www.thefiscaltimes.com/Columns/2017/07/31/Will-Trump-Try-Overrule-Monetary-Policy
• Philip N. Cohen: Family Inequalit https://familyinequality.wordpress.com/
• Nancy Birdsall: Thomas Piketty’s Capital and the Developing World https://www.ethicsandinternationalaffairs.org/2014/thomas-pikettys-capital-and-the-developing-world/
• Skulls in the Stars: The gallery of failed atomic models, 1903-1913: https://skullsinthestars.com/2008/05/27/the-gallery-of-failed-atomic-models-1903-1913/
• Matthew Yglesias: Democrats’ push for a new era of antitrust enforcement, explained: “An idea whose time has come…” https://www.vox.com/policy-and-politics/2017/7/31/16021844/antitrust-better-deal
• Andy Slavitt: Trump, Congress need to seize the bipartisan moment on health care: “The desire to have a regular source of care and not worry about going bankrupt from a medical bill is not a partisan sentiment. It’s a human one…” https://www.usatoday.com/story/opinion/2017/07/31/trump-congress-seize-bipartisan-moment-on-health-care-andy-slavitt-column/523718001/

• Should-Read: Bridget Ansel: Weekend reading: “#hipsterantitrust edition”: https://equitablegrowth.org/equitablog/value-added/weekend-reading-hipsterantitrust-edition/
• Should-Read: Bridget Ansel: Has the momentum around paid leave reached a tipping point in the United States? https://equitablegrowth.org/equitablog/value-added/has-the-momentum-around-paid-leave-reached-a-tipping-point-in-the-united-states/
• Should-Read: Austin Clemens: Will the United States give up on data collection? https://equitablegrowth.org/equitablog/value-added/will-the-united-states-give-up-on-data-collection/
• Andy Slavitt: @ASlavitt on Twitter: “Trump plans to sabotage the ACA this week… https://twitter.com/ASlavitt/status/891722458855866369
• Simon Johnson: Trump’s Growth Charade by Simon Johnson – Project Syndicate: “Officials in President Donald Trump’s administration frequently talk about getting annual economic growth in the United States back above 3%… https://www.project-syndicate.org/commentary/trump-administration-growth-assumption-by-simon-johnson-2017-07
• Avik Roy: An Autopsy of the GOP Effort to Repeal and Replace Obamacare: “Moderate Republican senators, often representing purple or blue states, were reluctant both philosophically and politically to endorse legislation that increased the number of Americans without health insurance… http://www.nationalreview.com/corner/449943/autopsy-gop-effort-repeal-and-replace-obamacare
• Craig Garthwaite: Why replacing Obamacare is so hard: It’s fundamentally conservative: “As a life-long Republican… I’ve come to an answer that will be hard for many conservatives to swallow… https://www.washingtonpost.com/opinions/why-replacing-obamacare-is-so-hard-its-fundamentally-conservative/2017/07/10/c5d64634-6351-11e7-84a1-a26b75ad39fe_story.html
• Antonio Fatas: On Twitter: “Healthcare is complicated but Greg Mankiw should criticize policy proposals that are incoherent or just lie about their benefits…” https://twitter.com/AntonioFatas/status/890979381719511044
• Simon Wren-Lewis: UK slowdown is a result of Brexit and austerity: “Those who argued that Brexit would bring a short term slowdown have been proved right: they just got their timing slightly wrong… https://mainlymacro.blogspot.co.uk/2017/07/the-uk-slowdown-is-result-of-brexit-and.html
• Martin Longman: A Glimpse Back at the Old Senate: “two stories I found last night while researching my Murkowski-Collins defection piece… http://washingtonmonthly.com/2017/07/27/a-glimpse-back-at-the-old-senate/
• Neera Tanden and Tophir Spiro: The bipartisan way to strengthen health care: “Provide greater certainty for insurers by guaranteeing continued payments of ACA subsidies, a step that could help reduce average premiums by as much as 19 percent… https://www.washingtonpost.com/opinions/the-bipartisan-way-to-strengthen-health-care/2017/07/18/b2e2b444-6bef-11e7-b9e2-2056e768a7e5_story.html
• Dylan Scott: The Obamacare repeal debate is now a completely bonkers game of chicken: “On Thursday evening, mere hours before the Senate is supposed to vote on a health care bill, the United States Capitol is in chaos… https://www.vox.com/policy-and-politics/2017/7/27/16053268/senate-obamacare-repeal-chaos
• Mike Bird and Christopher Whittall: The Speech That Transformed European Markets—Five Years Later: “European Central Bank chief Mario Draghi…. ‘Within our mandate, the ECB is ready to do whatever it takes to preserve the euro and believe me: It will be enough’… https://www.wsj.com/articles/the-speech-that-changed-european-marketsfive-years-later-1501061404
• Martin Feldstein: How Would Health-Care Reform Affect Patient Health?: “People who qualify for Medicaid do receive substantially more care than those without formal insurance… https://www.project-syndicate.org/commentary/us-health-care-reform-medicaid-cuts-by-martin-feldstein-2017-07
• Kenneth P. Brevoort, Daniel Grodzicki, and Martin Hackmann: Medicaid and Financial Health https://www.fdic.gov/news/conferences/consumersymposium/2016/documents/brevoort_presentation.pdf:

Interesting Reads:

• XPostFactoid: “Not losing, choosing”?-Avik Roy turns up the gaslight on the BCRA http://xpostfactoid.blogspot.com/2017/07/not-losing-choosing-avik-roy-turns-up.html
• Tom Chivers: These People Are Trying To Fix A Huge Problem In Science https://www.buzzfeed.com/tomchivers/signifying-nothing
• Prakash Loungani: Inequality of Opportunity, Inequality of Income, and Long-term Growth: “From a new IMF report… ‘a robust negative effect of widening income disparities on growth in presence of high inequality of opportunity’…” http://unassumingeconomist.com/2017/07/inequality-of-opportunity-inequality-of-income-and-long-term-growth/
• Adair Turner: Is Productivity Growth Becoming Irrelevant? https://www.ineteconomics.org/perspectives/blog/is-productivity-growth-becoming-irrelevant
• Justin Fox: Yes, Financial Crises Do Bring Hangovers – Bloomberg: “Can we blame our current struggles on the 2008 collapse and its subsequent fallout? We’d be wrong to discount it…” https://www.bloomberg.com/view/articles/2017-07-20/yes-financial-crises-do-bring-hangovers
• Steve Attwell: I’m Back!: “Malignant tumor in my left leg… amputation above the knee…. When I heard Republican Congressmen talking about how only people who’ve led “good lives” deserved coverage for pre-existing conditions, I would scream at the monitor that the idea that health is tied to moral virtue is a medieval fantasy…. When the ACHA eliminated the Essential Health Plan I became one of the people whom the Republican caucus was out to kill…” http://www.lawyersgunsmoneyblog.com/2017/07/im-back
• Zev Ross: Beautiful plotting in R: A ggplot2 cheatsheet http://zevross.com/blog/2014/08/04/beautiful-plotting-in-r-a-ggplot2-cheatsheet-3/#quicksetup-the-dataset
• BondDad: The Bonddad Blog: Why John Taylor—a Leading Candidate to Replace Yellen—Shouldn’t Be Fed Chair http://bonddad.blogspot.com/2017/01/why-john-taylor-leading-candidate-to.html
• Cardiff Garcia: When Keynes pondered Malthus https://ftalphaville.ft.com/2017/07/26/2191314/the-lessons-of-keynes-pondering-malthus/
• Sanjay K. Chugh: Modern Macroeconomics http://skchugh.com/teachingmanuscript.html
• Peter Ganong and Daniel W. Shoag: Why Has Regional Income Convergence in the U.S. Declined? http://papers.nber.org/tmp/53599-w23609.pdf: “A dramatic decline in… population flows to high-income places… coincid[ing] with a disproportionate increase in housing prices in high-income places, a divergence in the skill-specific returns to moving to high-income places, and a redirection of low-skill migration away from high-income places… a new panel measure of housing supply regulations, we demonstrate the importance of this channel in the data…”
• Kevin O’Rourke: Keynote: Globalization in the Aftermath of the Crisis http://www.imf.org/en/News/Seminars/Conferences/2017/06/21/globalization-in-the-aftermath-of-the-crisis-Kuala-Lumpur
• Ríos-Rull: SI 2017 Consumption: Micro to Macro http://papers.nber.org/sched/SI17EFACR
• What Should We Be Ready to Do After the Next Nuclear Fire?… http://www.bradford-delong.com/2017/07/after-the-next-nuclear-fire.html
• Comment of the Day: HOW WOULD HEALTH-CARE REFORM AFFECT PATIENT HEALTH?… http://www.bradford-delong.com/2017/07/comment-of-the-day-how-would-health-care-reform-affect-patient-health-who-whom-john-donne-great-uncle-ernest-hemingwa.html
• Comment of the Day: JEC: HOW WOULD HEALTH-CARE REFORM AFFECT PATIENT HEALTH?: “I’d also point out that Marty is performing the ‘null hypothesis bait-and-switch’, which relies on nobody noticing that you’ve swapped the maintained and null hypotheses…” http://www.bradford-delong.com/2017/07/comment-of-the-day-jec-how-would-health-care-reform-affect-patient-health-id-also-point-out-that-marty-is-performin.html
• Comment of the Day:: Charles Steindel: MONDAY SMACKDOWN: REPUBLICAN ECONOMISTS BURN YET MORE OF THEIR REPUTATIONS DEPARTMENT…: “John F. Cogan, Glenn Hubbard, John B. Taylor, and Kevin Warsh… a very odd comment in their report…” http://www.bradford-delong.com/2017/07/comment-of-the-day-charles-steindel-monday-smackdown-republican-economists-burn-yet-more-of-their-reputations-departme.html

• Nick Bunker: Weekend reading: “Boosting the competition” edition: “Since 2000 the concentration of businesses in the United States has increased and the amount of business investment relative to profits has declined… https://equitablegrowth.org/equitablog/weekend-reading-boosting-the-competition-edition/
• Jonathan Baker: Market power in the U.S. economy today: “The U.S. economy has a ‘market power’ problem, notwithstanding our strong and extensive antitrust institutions… https://equitablegrowth.org/research-analysis/market-power-in-the-u-s-economy-today/
• Doug Elmendorf et al.: Letter from Former CBO Directors on the Importance of CBO’s Role in the Legislative Process: “The undersigned represent every former Director of the Congressional Budget Office (CBO)… https://medium.com/@douglas.elmendorf/letter-from-former-cbo-directors-on-the-importance-of-cbos-role-in-the-legislative-process-278863b7e1c6
• Ryan Avent: Making Monetary Policy Great Again: “Obama’s response to the economic crisis… the timidity of his stimulus plan… his failure to provide broad support to struggling homeowners… his premature pivot to deficit cutting… http://democracyjournal.org/magazine/45/making-monetary-policy-great-again/
• Pedro Nicolaci da Costa: Ex-Bank of England official says Fed has wrong idea on jobs, inflation: “The Fed’s misleading view of the job market reflects ‘a huge intellectual failure’… http://www.businessinsider.com/ex-bank-of-england-official-says-fed-has-wrong-idea-on-jobs-inflation-2017-7
• Anatole Kaletsky: A “Macroneconomic” Revolution?: “Given the abundance of useful ideas, why have so few of the policies that might have ameliorated economic conditions and alleviated public resentment been implemented since the crisis?… https://www.project-syndicate.org/commentary/replacement-market-fundamentalism-by-anatole-kaletsky-2017-07
• Mark Thoma: Here’s Why We’re Not Prepared for the Next Recession: “When will the next recession hit?… http://www.thefiscaltimes.com/Columns/2017/07/17/Here-s-Why-We-re-Not-Prepared-Next-Recession
• Christina Romer and David Romer (2009): Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending: “The hypothesis that decreases in taxes reduce future government
  spending is often cited as a reason for cutting taxes… https://www.brookings.edu/bpea-articles/do-tax-cuts-starve-the-beast-the-effect-of-tax-changes-on-government-spending/
• Nick Bunker: Is declining competition causing slow U.S. business investment growth?: “Germán Gutiérrez and Thomas Philippon… the divergence between investment and profits… employ a so-called natural experiment where the entrance of competition from China changed investment decisions… https://equitablegrowth.org/equitablog/value-added/is-declining-competition-causing-slow-u-s-business-investment-growth/
• Nick Bunker: Recessions, recoveries, and racial employment gaps in the United States: “The unemployment gap between black and white workers… can’t be explained by black Americans having lower levels of education or differences in demographics… https://equitablegrowth.org/equitablog/value-added/recessions-recoveries-and-racial-employment-gaps-in-the-united-states/
• Maarten de Ridder and Coen Teulings: Endogenous growth and lack of recovery from the Global Crisis: “The crisis [is] a quasi-natural experiment to test the endogenous growth hypothesis… http://voxeu.org/article/endogenous-growth-and-lack-recovery-global-crisis
• Christian Odendahl: The Hartz Myth: “Germany’s labour market and welfare reforms of the early 2000s have gained an outsized importance over time… http://www.cer.eu/sites/default/files/pbrief_german_labour_10.7.17.pdf
• Ann Marie Marciarille: Those Pesky Pre-Dispute Arbitration Agreements for Skilled Nursing Facilities: “Assisting a parent or loved one in seeking skilled nursing facility admission is no joke… http://www.marciarille.com/2017/05/those-pesky-pre-dispute-arbitration-agreements-for-skilled-nursing-facilities.html
• Jonathan Cohn, Paige Lavender, and Chris D’Angelo: Senate Republicans Just Killed Their Health Care Bill Again: “But it could come back in another form. Like a zombie… http://www.huffingtonpost.com/entry/jerry-moran-mike-lee-senate-health-care_us_596d594ce4b0e983c05877f4
• Nancy Folbre: Why current definitions of family income are misleading, and why this matters for measures of inequality: “Researchers studying income distribution in the United States seem reluctant to acknowledge the family as an important unit of production and distribution… https://equitablegrowth.org/research-analysis/why-current-definitions-of-family-income-are-misleading-and-why-this-matters-for-measures-of-inequality/

Interesting Reads:

• Annie Lowrey: The Problem With Trump’s Steel Tariffs: “Trump’s widely-anticipated steel tariffs are likely to end up hurting the heartland…” https://www.theatlantic.com/business/archive/2017/07/made-in-america/534339/
• Tim Worstall: Quantitative easing has outstayed its welcome – CapX: “Quantitative easing was a great idea and we’d be lost without it. But now QE has saved us, we’ll be lost if we don’t get rid of it…” https://capx.co/quantitative-easing-has-outstayed-its-welcome/
• Brad Setser: Can the Fed and ECB Work Together To Reduce Imbalances?: “An ECB that tightens through rates and a Fed that relies on balance sheet roll off… would work together to… weaken the dollar and reduce the U.S. trade deficit and European surplus. That at least is how I read this paragraph in Brainard’s speech…” https://www.cfr.org/blog-post/can-fed-and-ecb-work-together-reduce-imbalances
• Lael Brainard: Cross-Border Spillovers of Balance Sheet Normalization https://www.federalreserve.gov/newsevents/speech/brainard20170711a.htm
• Senate Budget Committee Minority Staff: Background on BCRA Byrd Rule Decisions https://www.budget.senate.gov/imo/media/doc/Background%20on%20Byrd%20Rule%20decisions_7.21[1].pdf
• Noah Smith: Redlining Never Went Away: “New research shows that discriminatory lending holds down housing values, hurting black wealth accumulation…” https://www.bloomberg.com/amp/view/articles/2017-07-19/redlining-never-went-away
• Dylan Matthews: The 2 most popular critiques of basic income are both wrong: “Both the work critique and the cost critique, as cases against the idea of any sort of guaranteed cash grant, fail. They might be helpful critiques when designing the exact form a minimum income should take in the United States, but they leave the underlying concept unscathed…” https://www.vox.com/policy-and-politics/2017/7/20/15821560/basic-income-critiques-cost-work-negative-income-ta
• 32/http://talkingpointsmemo.com/archives/week_2002_05_12.html
• Elizabeth Anderson: How bosses are (literally) like dictators: “Americans think they live in a democracy. But their workplaces are small tyrannies…” https://www.vox.com/the-big-idea/2017/7/17/15973478/bosses-dictators-workplace-rights-free-markets-unions
• Jonathan Chait: Trumpcare Collapsed Because Republicans Cannot Govern: “In 2009, David Frum, the former Bush administration speechwriter whose ideological apostasy was in its formative stages, met with conservative intellectuals to discuss the policy response to the great recession. Faced with evidence that only massive government action—a financial rescue coupled with fiscal stimulus—could have prevented a complete economic meltdown, one conservative made a startling confession: ‘Maybe it was a good thing we weren’t in power then—because our principles don’t allow us to respond to a crisis like this’…” http://nymag.com/daily/intelligencer/2017/07/trumpcare-collapsed-because-republicans-cannot-govern.html
• Neera Tanden and Topher Spiro: The bipartisan way to strengthen health care https://www.washingtonpost.com/opinions/the-bipartisan-way-to-strengthen-health-care/2017/07/18/b2e2b444-6bef-11e7-b9e2-2056e768a7e5_story.html

• John Maynard Keynes (1924): Obituary for Alfred Marshall: “The study of economics does not seem to require any specialised gifts of an unusually high order… https://todayinsci.com/K/Keynes_John/KeynesJohn-Quotations.htm
• John Maynard Keynes (1938): On Tinbergen. To Harrod http://economia.unipv.it/harrod/edition/editionstuff/rfh.34a.htm: “My dear Roy…
• Paul Krugman: Formerly True Theories (Wonkish and Self-Indulgent): “Are there other examples? The self-correcting economy… https://mobile.nytimes.com/blogs/krugman/2017/07/10/formerly-true-theories-wonkish-and-self-indulgent/
• Robert Solow: Improving the measurement and understanding of economic inequality in the United States: “There has long been interest in extending and improving the National Income and Product Accounts… https://equitablegrowth.org/research-analysis/improving-the-measurement-and-understanding-of-economic-inequality-in-the-united-states/
• Ann Marie Marciarille: Let’s Make a Deal and the Better Care Reconciliation Act of 2017: A Car or A Goat?: “I am as mesmerized as anyone else by the repeated iterations of the Better Care Reconciliation Act of 2017… http://www.marciarille.com/2017/07/lets-make-a-deal-and-the-better-care-reconciliation-act-of-2017-a-car-or-a-goat.html
• Helene Rey: The Global Financial System, the Real Rate of Interest and a Long History of Boom-Bust Cycles: “Financial cycles strongly determine real short-term interest rates… http://www.bis.org/events/agm2017/sp170625_lecture.pdf
• Ann Marie Marciarille: More Than One Way to Say “No”: “When I teach my students about the concept of guaranteed issue in health insurance I always make it clear that without some constraints on individual underwriting it  can mean very little… http://www.marciarille.com/2017/07/more-than-one-way-to-say-no.html
• Adam Ozimek: There Is No U.S. Wage Growth Mystery: “Economists… puzzled over U.S. wage growth… wondering why it has been so slow despite a labor market that is allegedly back to or close to full employment… https://www.economy.com/dismal/analysis/datapoints/296127/There-Is-No-US-Wage-Growth-Mystery/

Interesting Reads:

• Equitable Growth: Explaining the “What is equitable growth?” essay series https://equitablegrowth.org/research-analysis/explaining-the-what-is-equitable-growth-essay-series/
• 2013: ?-Rated Economists Thursday Weblogging: Did James Buchanan Live in the Twentieth Century at All? http://www.bradford-delong.com/2013/04/did-james-buchanan-live-in-the-twentieth-century.html
• Nancy MacLean: Book Excerpt: Democracy in Chains http://billmoyers.com/story/book-democracy-in-chains-far-right/
• Ryan Avent: Making Monetary Policy Great Again : Democracy Journal http://democracyjournal.org/magazine/45/making-monetary-policy-great-again/
• James Buchanan and Gordon Tullock: The Calculus of Consent http://delong.typepad.com/files/calculus-of-consent.pdf
• Charles Ornstein: @charlesornstein on Twitter: “So the actuaries are opposed. The hospitals are opposed. The doctors are opposed. Now the insurers are opposed. Who is in favor? https://t.co/zJkiV0kRwM” https://twitter.com/charlesornstein/status/886017717362454529
• Brandie Nonnecke et al.: Inclusive AI: Technology and Policy for a Diverse Urban Future http://citris-uc.org/wp-content/uploads/2017/07/Inclusive-AI_CITRIS_2017.pdf
• How to Think Like an Economist (If, That Is, You Wish to…) http://www.bradford-delong.com/2017/07/how-to-think-like-an-economist-if-that-is-you-wish-to.html
• Needed: An Initial Introductory Pre-Semester Orienting Reading for Intermediate Macroeconomics… http://www.bradford-delong.com/2017/07/needed-an-initial-introductory-pre-semester-orienting-reading-for-intermediate-macroeconomics.html: “I cannot think of anything better than Robert Skidelsky’s Keynes: A Very Short Introduction http://amzn.to/2usYwWl, possibly paired with Keynes’s own 1931 Unemployment as a World Problem http://www.bradford-delong.com/2016/05/todays-economic-history-john-maynard-keynes-1931-unemployment-as-a-world-problem.html But there must be something better. What might it be?…”
• Assignment Desk: What Are the Best Readings for a Week Spent Teaching James C. Scott-Stuff? http://www.bradford-delong.com/2017/07/assignment-desk-what-are-the-best-readings-for-a-week-spent-teaching-james-c-scott-stuff.html

• Austin Frakt: Don’t Assume That Private Insurance Is Better Than Medicaid: “The RAND study… shows… people are terrible discriminators of what care is needed and what’s not… http://theincidentaleconomist.com/wordpress/dont-assume-that-private-insurance-is-better-than-medicaid/
• Martin Wolf: Britain is incapable of managing Brexit and calamity will follow: “The UK once had a deserved reputation for pragmatic and stable politics… https://www.ft.com/content/bf0025aa-6720-11e7-8526-7b38dcaef614
• Jeff Mackie-Mason: Scholarly Publishing Landscape: “We are optimistic about our ability to collaborate and partner to achieve a sustainable open publishing universe… http://www.lib.berkeley.edu/scholarly-communication/publishing/landscape
• IGM Forum: Inflation Target http://www.igmchicago.org/surveys/inflation-target

Interesting Reads:

• Andrew Sabl: Liberalism Beyond Markets https://niskanencenter.org/blog/liberalism-beyond-markets/
• Jamie Dimon: JPM’s Jamie Dimon blows up at Washington on earnings call: “It’s almost embarrassing being an American citizen… and listening to the stupid s— we have to deal with in this country…” http://www.cnbc.com/2017/07/14/jpms-jamie-dimon-blows-up-at-washington-on-earnings-call.html
• 2017: Helicopter Money: When Zero Just Isn’t Low Enough – Milken Institute Review: “…” http://www.milkenreview.org/articles/helicopter-money-when-zero-just-isnt-low-enough
• 2015: The Scary Debate Over Secular Stagnation http://www.milkenreview.org/articles/the-scary-debate-over-secular-stagnation
• Martin Sandbu: The contradictions of Britain’s Great Retain Bill: “The UK may just find itself in the position that it has taken back just enough control to continue to abide by the rules it will no longer have a say in setting. The control Brexit takes back may well turn out to be like the freedom of the dog in stoic philosophy: tied to a horsecart, it is free to run after the cart when the horse starts pulling…” https://www.ft.com/content/ff00c788-6877-11e7-8526-7b38dcaef614
• Michael Spence et al.: GLOBAL VALUE CHAIN DEVELOPMENT REPORT 2017: MEASURING AND ANALYZING THE IMPACT OF GVCs ON ECONOMIC DEVELOPMENT https://www.brookings.edu/wp-content/uploads/2017/07/tcgp-17-01-china-gvcs-complete-for-web-0707.pdf

• Jacob Levy: The Sovereign Myth: “The sense of control that is often attributed to voters in the olden days was really a sense of satisfaction with outcomes… https://niskanencenter.org/blog/sovereign-myth/
• Salvatore Morelli: Is growing inequality hurting our economies?: “The recent 2007–2008 collapse of the global financial system naturally acted as a catalyst for growing concerns around the increasing dispersion of economic resources within most advanced economies… https://equitablegrowth.org/research-analysis/is-growing-inequality-hurting-our-economies/
• Martin Sandbu: Globalisation goes on without those who want to get off: “The EU, Japan and Canada keep the economic openness show on the road… https://www.ft.com/content/97582468-5fc7-11e7-8814-0ac7eb84e5f1
• Koichi Hamada: The Rebirth of the TPP: “Jagdish Bhagwati said… ‘the TPP was a bit like allowing people to play golf in a club, but only if they also attended a particular church’… https://www.project-syndicate.org/commentary/tpp-revival-japan-us-by-koichi-hamada-2017-06
• Stefan Klasen et al.: Inequality – worldwide trends and current debates: “Income inequality has been rising in many developing countries since the 1980s…” https://www.econstor.eu/bitstream/10419/142156/1/86139593X.pdf
• Doug Campbell: Douglas L. Campbell: In the Idiocy of Kevin Warsh: More Evidence for the ‘Self-Induced Paralysis’ Thesis: “I believe it is clear that the main reason the economy has been growing slowly since the financial crisis is overly tight monetary policy… http://douglaslcampbell.blogspot.ru/2017/07/in-idiocy-of-kevin-warsh-more-evidence.html

Interesting Reads:

• Doug Campbell: Douglas L. Campbell: Ben Bernanke, in Denial? “When Growth is Not Enough”: “‘When Growth is Not Enough’ is the title of a recent Ben Bernanke speech in Portugal. I found it via the NYT article on the “Robocalypse”, which contained this bizarre quote from Ben S. Bernanke ‘as recent political developments have brought home, growth is not always enough’…” https://douglaslcampbell.blogspot.ru/2017/07/ben-bernanke-in-denial-re-when-growth.html
• China and Economic Growth: Hoisted from the Archives (What I Am Thinking About Right Now Department) http://www.bradford-delong.com/2017/07/china-and-economic-growth-hoisted-from-the-archives-what-i-am-thinking-about-right-now-department.html

• Atif Mian, Amir Sufi, and Emil Verner: How do credit supply shocks affect the real economy? Evidence from the United States in the 1980s: “We explore the 1982 to 1992 business cycle in the United States… https://equitablegrowth.org/working-papers/how-credit-supply-shocks-affect-the-economy/
• Blythe George: “Them old guys… they knew what to do”: Examining the impact of industry collapse on two tribal reservations: “Little is known about the impact of industry decline on life outcomes on tribal reservations… https://equitablegrowth.org/working-papers/industry-collapse-tribal-reservations/
• William J. Collins and Marianne H. Wanamaker: Up from slavery? African American intergenerational economic mobility since 1880: “Building new datasets to study the late 19th and early 20th century and combining them with modern data to cover the mid-to late 20th century… https://equitablegrowth.org/working-papers/african-american-intergenerational-mobility/
• Gillian Tett: Donald Trump’s tariffs would do little for American workers: “Robots will be the real winners if US president goes ahead with curbs on steel imports… https://www.ft.com/content/cd7df564-5c15-11e7-b553-e2df1b0c3220
• Dani Rodrik: Economics of the populist backlash: The populist backlash to globalisation should not have come as a surprise, in light of economic history and economic theory… http://voxeu.org/article/economics-populist-backlash
• Matthew Yglesias: On Twitter: “Nostalgia-drenched anti-intellectual populism can be a cause rather than a consequence of community economic decline” https://twitter.com/mattyglesias/status/884438584467521537
• Nouriel Roubini: The New Abnormal in Monetary Policy: “Financial markets are starting to get rattled by the winding down of unconventional monetary policies in many advanced economies… https://www.project-syndicate.org/commentary/unconventional-monetary-policy-new-normal-by-nouriel-roubini-2017-07
• Paul Krugman: When Was The Golden Age Of Conservative Intellectuals?: “Bret Stephens’s… [on] the intellectual decline of conservatism… the modern degeneracy… https://krugman.blogs.nytimes.com/2017/07/09/when-was-the-golden-age-of-conservative-intellectuals/?smid=tw-share&_r=0
• Emily Gee: Coverage Losses by State for the Senate Health Care Repeal Bill: “The Center for American Progress has estimated how many Americans would lose coverage by state and congressional district based on the CBO’s projections… https://www.americanprogress.org/issues/healthcare/news/2017/06/27/435112/coverage-losses-state-senate-health-care-repeal-bill/
• David Autor and Anna Salomons: Does Productivity Growth Threaten Employment?: “Is productivity growth inimical to employment?… https://www.ecbforum.eu/uploads/originals/2017/speakers/papers/D_Autor_A_Salomons_Does_productivity_growth_threaten_employment_Final_Draft_20170619.pdf
• Larry Summers: Donald Trump’s alarming G20 performance: “the content of the [of the G-20] communiqué [is] a confirmation of the breakdown of international order that many have feared since the election of Donald Trump… https://www.ft.com/content/ea2849ea-6335-11e7-8814-0ac7eb84e5f1

Interesting Reads:

• David Anderson: Medicare Advantage and provider pricing https://www.balloon-juice.com/2017/07/11/medicare-advantage-and-provider-pricing/
• Fifteen Theses on “The Wealth of Humans” and “After Piketty” http://www.bradford-delong.com/2017/07/on-the-wealth-of-humans.html
• Research on Tap: July 11, 2017: After Piketty http://www.bradford-delong.com/2017/07/research-on-tap-july-11-2017-after-piketty.html

• Cardiff Garcia: Slower US inflation isn’t just the result of “transitory” factors: “Despite cautionary remarks from a few of its dovish members, the Federal Reserve seems determined to continue uninterrupted down its course of gradual policy tightening… https://ftalphaville.ft.com/2017/07/07/2191021/slower-us-inflation-isnt-just-the-result-of-transitory-factors/
• Pedro Nicolaci da Costa: Income gap between upper-middle class and very rich: “Destabilizing levels of income inequality, once a problem reserved for developing nations, is now a defining social and political issue in the United States… http://www.businessinsider.com/income-gap-between-upper-middle-class-and-very-rich-2017-7
• Laurent Bach, Laurent Calvet, and Paolo Sodini: Risk, return, and skill in the portfolios of the [Swedish] wealthy: “Administrative data… the wealthy indeed earn higher returns on their asset portfolios… http://voxeu.org/article/risk-return-and-skill-portfolios-wealthy
• Nick Bunker: On Twitter: “Prime-age (25-54) EPOP up to 78.5%, Prime-age LFPR up as well to 81.6%…” https://twitter.com/nick_bunker/status/883302743401799680
• Brian Dow and Dean Baker: Obamacare: Big Problem in Republican States: “The lack of competition in the exchanges is a serious problem… http://cepr.net/blogs/cepr-blog/the-collapse-of-obamacare-big-problem-in-republican-states
• Roy Elis, Stephen Haber, and Jordan Horrillo: Climate, Geography, and the Evolution of Economic and Political Systems https://economics.barnard.edu/sites/default/files/elis_haber_and_horrillo_march_25_2017.pdf: “The agricultural economies of the hinterlands of the largest city in every country or proto-country circa 1750 predict roughly half of the variance in countries’ per capita GDP today and one-fifth of the variance in countries’ levels of democracy today…
• Diane Coyle: Economics in Transition: Adaptive Markets: “Adaptive Markets, by MIT’s Andrew Lo, gives a superb and fascinating account of thinking on the frontier… https://www.project-syndicate.org/onpoint/economics-in-transition-by-diane-coyle-2017-06
• Martin Sandbu: Central bank rush to ‘normalise’ monetary policy is ill-advised: “An understanding to “normalise” together, if one exists, would not be a suicide pact… https://www.ft.com/content/3ad81df6-6161-11e7-8814-0ac7eb84e5f1
• David Cashin, Jamie Lenney, Byron Lutz, and William Peterman: Fiscal Policy and Aggregate Demand in the U.S. Before, During and Following the Great Recession: “We examine the effect of federal and subnational fiscal policy on aggregate demand in the U.S. by introducing the fiscal effect (FE) measure… https://www.federalreserve.gov/econres/feds/files/2017061pap.pdf

Interesting Reads:

• Bill Gardner: Medicaid is good for children and makes them better adults http://theincidentaleconomist.com/wordpress/medicaid-is-good-for-children-and-makes-them-better-adults/
• Austin Frakt: Where are the Democrats’ ACA fixes?: “Many hearing the question… will just assume there are no Democratic or progressive ideas to fix the ACA. But there are. I asked for them on Twitter this morning and here’s a taste of what I got, just as of noon today…” http://theincidentaleconomist.com/wordpress/where-are-the-democrats-aca-fixes/
• Jim Brunsden and Valentina Romei: Why the EU’s agreement with Japan is a big deal: “Between them they account for… 38 per cent of goods exports… big tariff cuts, co-operation on standards and regulations and the opening up of public procurement markets. The EU estimates the accord will save it €1bn in customs duties per year and boost exports to Japan from more than €80bn to more than €100bn a year…” https://www.ft.com/content/572fef42-6260-11e7-91a7-502f7ee26895
• Note to Self: Characteristics of Stock and Bond Returns since 1870 http://www.bradford-delong.com/2017/07/note-to-self-characteristics-of-stock-and-bond-returns-since-1870.html
• The Labor Market for Prime-Age Males Is No Longer Worse than at Any Other Time since the Great Depression! http://www.bradford-delong.com/2017/07/the-labor-market-for-prime-age-males-is-no-longer-worse-than-at-any-other-time-since-the-great-depression.html

• Josh Barro: GOP healthcare bill will poll badly no matter what: “Now I have to call those providers’ offices and get duplicate receipts and upload them and allow seven to 10 days for processing… http://www.businessinsider.com/gop-healthcare-bill-polls-bad-changes-2017-6
• Patrick Iber: On Twitter: “.@davidsess has a phenomenal review/essay of @dandrezner’s The Ideas Industry in the latest @NewRepublic… https://twitter.com/PatrickIber/status/874438806287659008
• Paul Krugman (2015): When Values Disappear: “Back in the 60s and 70s… there was much talk about the disintegration of… African-American values… https://krugman.blogs.nytimes.com/2015/03/11/when-values-disappear/
• James Hamilton: Are we in a new inflation regime?: “I’m not saying the Phillips Curve has no basis in facts… http://econbrowser.com/archives/2017/07/are-we-in-a-new-inflation-regime
• Laura Tyson and Lenny Mendonca: Kansas or California?: “Donald Trump and congressional Republicans[‘]… claims are baseless… https://www.project-syndicate.org/commentary/increase-earned-income-credit-and-minimum-wage-by-laura-tyson-and-lenny-mendonca-2017-07
• Dylan Matthews: What’s the point of an anti-immigrant left?: “Beinart’s policy argument is… mistaken… https://www.vox.com/2017/7/2/15847840/beinart-atlantic-left-immigration
• Paul Krugman: Oh! What a Lovely Trade War: “I’m not making a purist case for free trade here… https://www.nytimes.com/2017/07/03/opinion/trump-trade-war.html?_r=0

Interesting Reads:

• Dan Diamond: On Twitter: Many GOP senators, home for recess, woke up today to front-page stories about the local damage their health bill would cause… https://twitter.com/ddiamond/status/881613460014063623
• David Weigel et al.: At parades and protests, GOP lawmakers get earful about health care http://www.thegazette.com/at-parades-and-protests-gop-lawmakers-get-earful-about-health-care-20170705
• Kevin Erdman (2014): Stock/Bond Asset Allocation: “The past century’s experience gives absolutely no reason to allocate to bonds on a 20 year time scale, and scant reason to do it even at a 10 year horizon…” http://idiosyncraticwhisk.blogspot.ca/2014/02/stockbond-asset-allocation.html | Stock/Bond Asset Allocation-Don’t bother with duration risk: “I am not claiming simply that the extra gains from stocks over long periods may not be worth the extra risk they entail. I am saying that owning any bonds for longer periods than this is suboptimal.  There is no reasonable excuse for owning them.  For a 20 year portfolio, it’s like selling call options against a portion of your stock portfolio, and paying the option buyer a 70% negative premium…” http://idiosyncraticwhisk.blogspot.com/2014/02/stockbond-asset-allocation-dont-bother.html | Idiosyncratic Whisk: Stock/Bond Asset Allocation-Short Duration with a mortgage! (Oh, you already are?) http://idiosyncraticwhisk.blogspot.com/2014/03/stockbond-asset-allocation-part-3-short.html: “I have always seen the tendency of American households to concentrate their savings in a single, highly leveraged piece of real estate to be dangerous and inappropriate.  But, seen in this light, maybe we have stumbled into an optimal set of conventional investments. If American households should be holding more low-risk hedges, more stocks, and be short bonds in their portfolios, highly leveraged homes are providing exactly that set of exposures…”
• Hatty Collier: Man behind controversial £350m-a-week for the NHS Brexit bus slogan admits leaving EU could be ‘an error’: “Dominic Cummings, the Vote Leave campaign director, described the EU referendum as a “dumb idea” in a series of tweets, and said other options should have been tried out first before the vote was called…” http://www.standard.co.uk/news/politics/man-behind-350m-a-week-brexit-bus-lie-admits-leaving-eu-could-be-an-error-a3579676.html
• Rohinton P. Medhora: The Future of Trade: “The past year’s populist resurgence has brought to the fore ongoing debates about trade and underscored public concerns about internationalism. Can the mechanisms of globalization that shaped the twentieth-century world economy be salvaged to continue delivering prosperity in the coming decades?…” https://www.project-syndicate.org/onpoint/the-future-of-trade-by-rohinton-p–medhora-2017-06
• David Anderson: Risk adjustment notes https://www.balloon-juice.com/2017/07/03/risk-adjustment-notes/
• Christina Powell: Senate health bill means choosing between ‘children, seniors, the disabled,’ http://abcnews.go.com/Politics/senate-health-bill-force-choosing-children-seniors-disabled/story?id=48392178
• Public Spheres for the Trump Age: Fresh at Project Syndicate http://www.bradford-delong.com/2017/07/public-spheres-for-the-trump-age-fresh-at-project-syndicate.html
• Live from America’s Better Self: Noah Smith: ON TWITTER: “1/HAPPY BIRTHDAY, AMERICA! In honor of the Fourth of July, here is a thread full of Daniel Inouye quotes…” http://www.bradford-delong.com/2017/07/live-from-americas-better-self-noah-smith-on-twitter-1happy-birthday-america-in-honor-of-the-fourth-of-july-here.html

• Jay C. Shambaugh: On Twitter: “More evidence of slowing inflation lately: core pce prices up just 0.1 p.p. in May. 12 month change 1.4% (down from 1.6% in 12 months prior…” https://twitter.com/JayCShambaugh/status/880804850002526208
• Doruk Cengiz, Arindrajit Dube, Attila Lindner, and Ben Zipperer>: The effect of minimum wages on the total number of jobs: Evidence from the United States using a bunching estimator: “We estimate the total impact of the minimum wage on a ected employment by comparing the excess number of jobs just above the new minimum wage… http://www.sole-jole.org/17722.pdf
• Martin Sandbu: The minimum wage wars are heating up: “The best thing Seattle could do now is to push ahead with its full experiment… https://www.ft.com/content/365f7e10-5d72-11e7-b553-e2df1b0c3220
• Jay C. Shambaugh: On Twitter: Slowing Inflation: “More evidence of slowing inflation lately: core pce prices up just 0.1 p.p. in May. 12 month change 1.4% (down from 1.6% in 12 months prior…” https://twitter.com/JayCShambaugh/status/880804850002526208:
• Ezra Klein: Conservatives believe Medicaid is worthless, so slashing it is harmless. They’re wrong: “Expanding Medicaid saves lives at a cost of $327,000 to $867,000 per life saved… https://www.vox.com/health-care/2017/6/29/15885796/medicaid-senate-gop-health-bill-benefits-bcra
• Ezra Klein: It turns out the liberal caricature of conservatism is correct: “It’s depressing. But it’s true: Marc Thiessen, the George W. Bush speechwriter… is aghast at the Senate GOP’s health care bill… https://www.vox.com/policy-and-politics/2017/6/29/15892504/liberal-caricature-conservatism-correct
• Sarah Kliff: On Twitter: “A stunning pair of charts of the CBO report from my colleague @alv9n https://t.co/nZHz8OMurV“ https://twitter.com/sarahkliff/status/879460806198538241
• Atul Gewande: How the Senate’s Health-Care Bill Threatens the Nation’s Health: “The Senate bill would also ultimately make people who buy insurance on the A.C.A. exchanges—people without coverage from an employer or from Medicaid—pay far more money for far worse coverage… http://www.newyorker.com/news/news-desk/how-senates-health-care-bill-threatens-nations-health

Interesting Reads:

• Financial Times: President Trump’s destructive path on steel: “It is absurd for the US to claim that its defence or infrastructural capabilities are threatened by cheap Chinese steel. There is no global shortage of the commodities, and if the US government needs to secure supply of specialist materials, it can already use its public procurement rules to favour domestic companies…” https://www.ft.com/content/d399c7c0-5cbf-11e7-b553-e2df1b0c3220
• Fernando Perez: The State of Jupyter https://bids.berkeley.edu/news/state-jupyter
• Paul Krugman: On Twitter: “A point about the Trump trade war: steel and aluminum very capital-intensive, so protecting them would exacerbate decline in labor share https://t.co/M1YynzBVCC…” https://twitter.com/paulkrugman/status/881506052323381249
• Benjamin D. Sommers, Atul A. Gawande, and Katherine Baicker: : “Whether enrollees benefit from that coverage is not one of the unanswered questions…. Arguing that health insurance coverage doesn’t improve health is simply inconsistent with the evidence…” http://www.nejm.org/doi/pdf/10.1056/NEJMsb1706645
• Ben Bernanke: : “Stagnant median wages, limited upward mobility, social dysfunction, and political alienation…. How did it happen?…. At a fifty-thousand-foot level, they appear to be the product of some broad global developments of the postwar era, together with the U.S. policy response (or lack thereof)…” https://www.ecbforum.eu/uploads/originals/2017/speakers/Speech/Bernanke%20ECB.pdf
• Joe Ryan: China Is About to Bury Elon Musk in Batteries – Bloomberg: “Factories are adding enough capacity to power the equivalent of nearly 1.5 million Model S vehicles…” https://www.bloomberg.com/news/articles/2017-06-28/china-is-about-to-bury-elon-musk-in-batteries
• Fatih Guvenen*: Understanding Income Risk: New Insights from Big Data https://www.minneapolisfed.org/publications/the-region/understanding-income-risk-new-insights-from-big-data
• Jared Rubin: Rulers, Religion, and Riches http://assets.cambridge.org/97811070/36819/excerpt/9781107036819_excerpt.pdf
• Andre Costopoulos: The academic journal is obsolete – ArcheoThoughts: “…” https://archeothoughts.wordpress.com/2017/06/28/the-academic-journal-is-obsolete/
• Stephen Buranyi: Is the staggeringly profitable business of scientific publishing bad for science?: “It is an industry like no other, with profit margins to rival Google–and it was created by one of Britain’s most notorious tycoons: Robert Maxwell…” https://www.theguardian.com/science/2017/jun/27/profitable-business-scientific-publishing-bad-for-science
• Ann Crawford-Roberts, Nichole Roxas, and Ichiro Kawachi: One estimate: 208,500 additional deaths could occur by 2026 under the Senate health plan: “One estimatete: 208,500 additional deaths could occur by 2026 under the Senate health plan…” https://www.vox.com/the-big-idea/2017/6/28/15881720/deaths-senate-health-care-bcra
• Michael Ollove: Medicaid Expansion Saves Money for States: “Medicaid expansion has given a budget boost to participating states, mostly by allowing them to use federal money instead of state dollars to care for pregnant women, inmates, and people with mental illness, disabilities, HIV/AIDS, and breast and cervical cancer…” http://www.pewtrusts.org/en/research-and-analysis/blogs/stateline/2015/4/29/states-find-savings-through-medicaid-expansion
• Equitable Growth: Research on Tap: After Piketty: Tue, Jul 11, 2017 at 5:00 PM http://www.bradford-delong.com/2017/06/equitable-growth-research-on-tap-after-piketty-tue-jul-11-2017-at-500-pm.html
• BERNIE!!: Kevin Drum: I GET LETTERS: “The single biggest proponent of SB562, California’s single-payer health care bill, is the California Nurses Association…” http://www.bradford-delong.com/2017/06/bernie-national-nurses-united-appears-to-be-in-the-business-of-trying-to-turn-a-majority-into-an-ineffective-minority.html
• Weekend Reading: McSweeneys: I Only Protested the Affordable Care Act Because the President Was Black. Please Don’t Take Away My Health Insurance http://www.bradford-delong.com/2017/07/weekend-reading-mcsweeney-i-only-protested-the-affordable-care-act-because-the-president-was-black-please-dont-take-awa.html