http://www.bradford-delong.com/highlighted.html
Plus: Five Very Recent Must- and Should-Reads:
- Jens H.E. Christensen and Glenn D. Rudebusch: New Evidence for a Lower New Normal in Interest Rates: "Inflation-indexed bond prices include a real term premium... face appreciable liquidity risk... http://www.frbsf.org/economic-research/publications/economic-letter/2017/june/financial-market-evidence-for-lower-natural-interest-rate-r-star/
- CHM Live: Putting Your Finger On It: Creating the iPhone: "Nitin Ganatra, Scott Herz, and Hugo Fiennes in Conversation with John Markoff... https://www.youtube.com/watch?v=5xDRdWFdsoQ&ab_channel=ComputerHistoryMuseum
- Donald A. Yerxa: AN INTERVIEW WITH BRYAN WARD-PERKINS ON THE FALL OF ROME http://www.webcitation.org/6O3GYBfS1?url=http%3A%2F%2Fwww.bu.edu%2Fhistoric%2Fhs%2Fperkins.pdf: "'AT THE HOUR OF MIDNIGHT THE SALERIAN GATE WAS silently opened, and the inhabitants were awakened by the tremendous sound of the Gothic trumpet...
- Robert Waldmann (2007): The Simple Analytics of Progressive Income Redistribution: "Economists generally agree that redistribution reduces money-metric welfare... http://rjwaldmann.blogspot.com/2007/06/possible-efficiency-gains-due-to-taxes.html
- Nick Bunker: Weekend reading: “If you liked those links, check out these” edition: "Discrimination in the U.S. labor market is a very real thing... http://equitablegrowth.org/equitablog/weekend-reading-if-you-liked-those-links-check-out-these-edition/
Plus: Five Very Recent Links:
- Sarah Kliff: The Better Care Reconciliation Act: the Senate bill to repeal and replace Obamacare, explained https://www.vox.com/policy-and-politics/2017/6/22/15846728/senate-plan-better-care-reconciliation-act
- James Hamilton: Why you should never use the Hodrick-Prescott: "The HP filter has serious drawbacks.... For random walk series, subsequently observed patterns are likely to be artefacts of having applied the filter, rather than due to the underlying data-generating process..." http://voxeu.org/article/why-you-should-never-use-hodrick-prescott-filter
- Greg Leiserson: It’s no surprise that the Kansas tax cut experiment failed to create jobs: "Businesses already pay relatively little tax on the incremental return from investments in tangible capital due to tax benefits such as accelerated depreciation and interest deductibility, and they often pay no tax—or even receive a tax subsidy—on marginal investments in intangible capital..." http://equitablegrowth.org/research-analysis/its-no-surprise-that-the-kansas-tax-cut-experiment-failed-to-create-jobs/
- Andrew G Haldane: Work, Wages and Monetary Policy: http://www.bankofengland.co.uk/publications/Documents/speeches/2017/speech984.pdf
- Tavneet Suri: VoxDev http://voxdev.org/