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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The World Through Institutional Lenses: Daron Acemoglu

An interview of Daron Acemoglu.

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The Declining U.S. Labor Share

See here for more info from this paper by Bart Hobijn and Aysegul Sahin.

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Exploring the Psychology of Wealth, ‘Pernicious’ Effects of Economic Inequality

Back from Hungary. Here’s an interesting roughly 1o minute PBS segment on a series of studies on the Psychology of Wealth by by Paul Piff, Dacher Keltner, Rodolfo Mendoza-Denton, Daniel Stancato, and Stéphane Côté. My favorite segment is the monopoly board … Continue reading

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