This title was written by Noah Smith in a recent Bloomberg column. He makes a lot good points which readers of this blog, focused on manufa...
Raise Rates to Raise Inflation
That's what Stephen Williamson is still arguing. " recent data is consistent with the view that persistently low nominal interest ...
Is Academia Biased Against Stars?
David Card and Stefano DellaVigna recently came out with a working paper which says yes. The (abbreviated) abstract: We study editorial dec...
Corporations in the Age of Inequality: A Skeptic's Take
Nick Bloom contributes an article to the Harvard Business Review: " Corporations in the Age of Inequality ". It's also an inte...
The Saga of Currency Unions and Trade
One of the first full papers I wrote was on currency unions and trade . I was taking Alan Taylor's field course at UC Davis, which was e...
Robots and Inequality: A Skeptic's Take
Paul Krugman presents "Robot Geometry" based on Ryan Avent 's "Productivity Paradox". It's more-or-less the ski...
The Myth and Reality of Manufacturing in America
That's the title of a small pamphlet on manufacturing by Michael J. Hicks and Srikant Devaraj which argues that "Almost 88 percent...
Fear Not - The Chain Will Split But BTC is still the longest chain.
Update 28/7/2017 Looks like we will have a split. I am on the Satoshi chain that is the chain without Segwit. As we are very close on the in...
There is a huge hole in Trump's promise to bring back US manufacturing jobs
That's the title of an article from Business Insider . There is much I like about these articles. This one is better than most, as it at...
Links to Two Short Essays on Monetary Policy, One Good, One Bad
First, new FOMC member Neil Kashkari tells us why he dissented on this week's interest rate hike. It's a great essay. I laughed at...
A Quick Argument Why Not to Raise Interest Rates
I teach today, so this will be quick. Why am I opposed to raising interest rates? First, I should mention this is a debate which we've h...
A Policy Proposal for US Manufacturing, and the Economy: Don't Raise the Federal Funds Rate
Doug Irwin shared a nice article in the WSJ which makes a nice point that trade deficits, by themselves, don't imply that trade is unfa...
The Peso has recovered. Good news for the future of NAFTA...
With the US dollar already a bit overvalued, and the US stock market also looking richly valued by historical measures, I need something to...
The Real Exchange Rate and China's Savings
I attended the Forum for Research in Empirical International Trade (FREIT) in Yogyakarta, Indonesia this past week. Marc Muendler and I wer...
Robots on an Assembly Line...
Mercedes A Class Production Line You'll notice, not a lot of human workers. When you see this, you might think -- "Aha! It's no...
Do you believe that China just took US low-wage jobs we don't want? Watch this documentary on innovation in China...
Highly recommended. (Note: Stephen Hsu flagged this awhile back is where I got it...)
Boligspekulantene er nyttige
Finansdepartementets svar på galopperende boligpriser er å sette hindringer i veien for nye boligprosjekter. Boligprisene stiger fordi det ...
On Perverse Incentives and Replication in Science
Stephen Hsu has a nice blog post on this topic. He writes about this common pattern: 1. Study reports results which reinforce the dominant,...
WSJ Article on Trump's Fed Vacancies
Given the importance of monetary policy, I've been waiting for signs about who Trump will appoint to the Fed. The media gave Obama's...
Yes, Monetary Policy Works in a Liquidity Trap, and Fiscal Stimulus Stimulates
Here's a nice short article in VoxEU by Benoit Mojon showing the decoupling of US and Euro interest rates after the Taper Tantrum, and ...
Ranking of Economists, by # of Twitter Followers
https://ideas.repec.org/top/top.person.twitter.html 1. Krugman, Paul R. 2637203 2. Stiglitz, Joseph E. 177098 3. Wolfers, Justin 124312 4. B...
What's wrong with the US economy? A theory, in one blog post
Contrary to popular belief among my fellow liberal economists, the US economy is far from great. The graph below compares Real US GDP relati...
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