Monthly Archives: April 2013

Are Behavioral Responses to Welfare Programs Bigger than We Think?

Pat Kline and Melissa Tartari have an innovative working paper that is a bit technical, but quite interesting. They formally identify the magnitude of intensive and extensive margin adjustments to the a welfare program called Jobs First. Here’s the Abstract: We study the … Continue reading

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Jeremy Stein on Regulating Large Financial Institutions

Here‘s Jeremy Stein on regulating large financial institutions. Some have argued that the current policy path is not working, and that we need to take a fundamentally different approach.4  Such an alternative approach might include, for example, outright caps on the … Continue reading

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Debt to GDP & Future Economic Growth

There has been a lot of discussion today on Reinhart and Rogoff’s work on Debt to GDP & future economic growth (see Mike Konczal, Krugman, CEPR, Brad Plumer,  and the original critique from Herden, Ash, Pollin), so I wanted to highlight some … Continue reading

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Fiscal Policy as Stabilization Policy: What do we think now that we did not think in 2007?

Here’s a presentation that Brad Delong and Laura Tyson are giving at the IMF’s Fiscal Forum today. I helped put them put it together and make some of these graphs. Well worth checking out.

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Unemployment benefits should encourage geographic mobility

An op-ed from Enrico Moretti: Americans have always been willing to move to look for better economic opportunities, and this willingness to relocate is a big factor in U.S. prosperity. Yet while everyone is free to move to look for … Continue reading

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Legislative Gridlock isn’t the Problem

An interesting take from Larry Summers: The great mistake of the gridlock theorists is to suppose that progress comes from legislation, and that more legislation consistently represents more progress. While people think the nation is gripped by gridlock, consider what … Continue reading

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Larry Summers Reviews the History of Austerity

Summers reviews Austerity: the History of a Dangerous Idea by Mark Blyth here. Photo from Financial Times

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Raj Chetty Wins Clark Medal

Congratulations to Raj Chetty for winning the Bates Clark medal for being the top economist under 40. Here are some links if you’d like to learn more about him. AEA’s award announcement on why they awarded him the medal. What Chetty … Continue reading

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A Nation Of Gamblers: Real Estate Speculation And American History

Here’s Ed Glaser on real estate speculation in American History: The great housing convulsion that buffeted America between 2000 and 2010 has historical precedents, from the frontier land boom of the 1790s to the skyscraper craze of the 1920s. But this … Continue reading

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Headed to the Kauffman Economics Bloggers Forum

Here’s the agenda and here is the live feed. Looking forward to meeting folks there.

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