Blog Archives

The economic effects of territorial taxation, with remarks by Jason Furman

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How The Economic Machine Works

I don’t agree with everything in this video by Ray Dalio, but it is an interesting perspective on the macroeconomy and how important credit is in an endowment economy.

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Piketty Roundtable

HT: Paul Krugman

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Summers: We haven’t done it in 15 years and Japan hasn’t done it in a generation

Starts around the 9 min mark. HT: Mark Thoma

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Evolution of European Borders: 1000 Years in less than 3.5 Mins

HT: Marginal Revolution

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Impact of the Fed’s Unconventional Monetary Policies

Important evidence on an important topic from my friend Gabe Chodorow-Reich: Unconventional monetary policy affects financial institutions through their expo- sure to real project risk, the value of their legacy assets, their temptation to reach for yield, and their choice … Continue reading

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Are the Long-Term Unemployed on the Margins of the Labor Market?

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