Monthly Archives: October 2013

The battle over the US budget is the wrong fight

From Larry Summers: This month Washington is consumed by the impasse over reopening the government and raising the debt limit. It seems likely that this episode, like the 1995-96 government shutdowns and the 2011 debt limit scare, will be remembered mainly … Continue reading

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Breaking Down US Debt

From Wonkblog

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Brad Delong on Economists Working on Equitable Growth

From Brad Delong: Take a look at: Emmanuel Saez “Income Inequality in the United States, 1913-1998” with Tomas Piketty, Quarterly Journal of Economics, 118(1), 2003, 1-39 (Longer updated version published in A.B. Atkinson and T. Piketty eds., Oxford University Press, 2007) (Tables and … Continue reading

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The Impact of Unemployment Insurance on Job Search: Evidence from Google Search Data

From Scott Baker and Andrey Fradkin: We use Google search data to construct the first high-frequency, location-specific index of job search activity (GJSI). We demonstrate the GJSI’s validity and study the effect of increased unemployment insurance (UI) on job search activity. … Continue reading

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Bargaining in the Shadow of a Giant: Medicare’s Influence on Private Payment Systems

From Jeff Clemens and Joshua Gottlieb: We analyze Medicare’s influence on private payments for physicians’ services. Using a large administrative change in payments for surgical procedures relative to other medical services, we find that private payments follow Medicare’s lead. On average, a … Continue reading

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Quantifying Gains from Trade

From Paul Krugman (via Brad Delong): “Eaton-Kortum… yields a simple expression for the welfare gains from trade…. According to Subramanian’s estimates, overall trade in goods and services has risen from about 19 percent of world GDP in the early 1990s … Continue reading

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The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy

From Lorenzo Caliendo, Fernando Parro, Esteban Rossi-Hansberg, and Pierre-Daniel Sarte: We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an environment that captures the effects of interregional and intersectoral trade in propagating … Continue reading

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Unintentional Gerrymandering: Political Geography and Electoral Bias in Legislatures

Here’s some very interesting research on gerrymandering, especially relevant for pundits and journalists who have been citing gerrymandering as one of the main causes of today’s gridlock and government shutdown. Roughly speaking, Jowei Chen and Jonathan Rodden show that having a computer … Continue reading

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