Author Archives: ozidar

About ozidar

Graduate student at UC Berkeley, studying public finance & labor economics. https://sites.google.com/site/omzidar/

Behavioral Responses to an Annual Wealth Tax: Evidence from Sweden

From David Seim: This paper addresses the behavioral effects of an annual wealth tax. I use Swedish tax records over the period 2000-2006 to estimate bunching at kink points in the pro- gressive tax schedule and find significant estimates of … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Localized and Biased Technologies: Atkinson and Stiglitz’s New View, Induced Innovations, and Directed Technological Change

From Daron Acemoglu: This paper revisits the important ideas proposed by Atkinson and Stiglitz’s seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Congrats to Matt Gentzkow on winning the JBC Medal!

Huge congratulations to Matt Gentzkow for winning the John Bates Clark medal! Here is the AEA’s write up of his work. Matthew Gentzkow has made fundamental contributions to our understanding of the economic forces driving the creation of media products, … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

Tapping the Brakes: Are Less Active Markets Safer and Better for the Economy?

From Joe Stiglitz and summarized by Felix Salmon:

Posted in Uncategorized | Tagged , , , , | Leave a comment

The Euro and the Geography of International Debt Flows

From Galina Hale and Maurice Obstfeld: Greater financial integration between core and peripheral EMU members had an effect on both sets of countries. Lower interest rates allowed peripheral countries to run bigger deficits, which inflated their economies by allowing credit booms. … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Weekend Links: Understanding Piketty, Falling Interest Rates, Secular Stagnation, etc

Brad Delong has a great post that provides an analytical framework for understanding the historical narrative in Piketty’s new book. Barry Eichengreen has a nice piece on declining interest rates Larry Summers gave a talk at INET (starts at 45 … Continue reading

Posted in Uncategorized | Tagged , , , | 1 Comment

Banks as Patient Fixed Income Investors

From Sam Hanson, Andrei Shleifer, Jeremy Stein, and Robert Vishny: We examine the business model of traditional commercial banks in the context of their co- existence with shadow banks. While both types of intermediaries create safe “money-like” claims, they go about … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Inputs in the Production of Early-childhood Human Capital: Evidence from Head Start

From Chris Walters: Studies of small-scale “model” early-childhood programs show that high-quality preschool can have transformative effects on human capital and economic outcomes. Evidence on the Head Start program is more mixed. Inputs and practices vary widely across Head Start … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

A Model of Secular Stagnation

From two of my favorite macroeconomists, Gauti Eggertsson and  Neil Mehrotra: In this paper we propose a simple overlapping generations New Keynesian model in which a permanent (or very persistent) slump is possible without any self-correcting force to full employment. The … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Christy Romer: After A Financial Crisis, Economic Disaster Is Not Inevitable

Bonnie Kavoussi’s Blog: Christina Romer: After A Financial Crisis, Economic Disaster Is Not Inevitable.

Posted in Uncategorized | Leave a comment