Tuesday, May 21, 2019
Strengthening Automatic Stabilizers
For economists, "automatic stabilizers" refers to how tax and spending policies adjust without any additional legislative policy o...
Monday, May 20, 2019
Daniel Hamermesh: How Do People Spend Time?
For economists, the idea of "spending" time isn't a metaphor. You can spend any resource, not just money. Among all the inequa...
Friday, May 17, 2019
Time for a Return of Large Corporation Research Labs?
It often takes a number of intermediate steps to move from a scientific discovery to a consumer product. A few decades ago, many larger and ...
Thursday, May 16, 2019
Does the Federal Reserve Talk Too Much?
For a long time, the Federal Reserve (and other central banks) carried out monetary policy with little or no explanation. The idea was that ...
Wednesday, May 15, 2019
Alice Rivlin, 1931-2019, In Her Own Words
Alice Rivlin, who died yesterday, was a legend in the Washington policy community. In "Alice Rivlin: A career spent making better publi...
Tuesday, May 14, 2019
Are Firms Doing a Lousy Job in How they Hire?
In a lot of economic models, firms decide to hire based on whether they need more workers to meet the demand for their products; in the ling...
Monday, May 13, 2019
The Origin of "Third World" and Some Ruminations
Back in the late 1970s when I was first reading about the world economy in any serious way, it was still common to describe the world as div...
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