Monthly Archives: April 2013

Inflation & Economic Slack

From Paul Krugman       Advertisements

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The Role of Automatic Stabilizers in the U.S. Business Cycle

Alisdair McKay and Ricardo Reis have a new paper on automatic stabilizers with some interesting results on heterogeneous effects for different income groups. ABSTRACT: Most countries have automatic rules in their tax-and-transfer systems that are partly intended to stabilize economic … Continue reading

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A Century of Progress in Health Technology

From an Ezra Klein healthcare article that you should read.

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Ten Economic Facts about Immigration

The Hamilton Project has a report out entitled Ten Economic Facts about Immigration that is worth reading. Given the large, productivity enhancing benefits of high skill immigration, the following figure is troubling and highlights a key area for improvement.  

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Links I liked: Health Premium Increases, Immigration, and Closemindedness

1. With health law looming, one large insurer wants a 25 percent premium hike by Sarah Kliff 2. 5 ways immigration reform will help low wage workers by Ezra Klein 3. Why well informed people are also close minded by … Continue reading

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Is New York as Expensive as You Think?

Catherine Rampell has an interesting piece on this issue that is worth reading. It  highlights research from Jessie Handbury, who makes three points in a recent paper: First, I find that there are large differences in how high- and low-income households … Continue reading

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Writing Economic Models like Paul Krugman

From the archives: [Krugman] uses theoretical modeling and observation of the real world to discipline and reinforce each other. In the introduction to Currency and Crises [10] , his second collection of articles, he includes a “personal manifesto” of his approach: “[T]he … Continue reading

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