Monthly Archives: October 2013

The World Through Institutional Lenses: Daron Acemoglu

An interview of Daron Acemoglu.

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The Policy Elasticity

From Nathaniel Hendren: This paper applies basic price theory to study the marginal welfare impact of government policy changes. In contrast to the canonical marginal excess burden framework, the framework does not require a decomposition of behavioral responses to the policy … Continue reading

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Policy Uncertainty

From Menzie Chinn:

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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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