Noted to Aid Your Morning Procrastination for September 26, 2013
- "We find a small but statistically significant reduction in the unemployment exit rate and a small increase in the expected duration of unemployment. The effects on exits and duration are primarily due to a reduction in exits from the labor force rather than to a decrease in… the job finding rate": Henry S. Farber and Robert G. Valletta: Do Extended Unemployment Benefits Lengthen Unemployment Spells? Evidence from Recent Cycles in the U.S. Labor Market
- "Health and Human Services has released the rates for the federally run Exchange marketplaces in 36 states. They are really good: Richard Mayhew: The rates are in
- "For a moment, Menzie Chinn thinks he's reading The Onion. Then he realizes it's actually Fox "News": 'The Absolute Funniest Thing I Have Read This Year: From Ed (We Are Not in a Recession) Lazear and Keith Hennessey, "Bush ended financial crisis before Obama took office--three important truths about 2008"'": Mark Thoma: Economist's View: 'The Absolute Funniest Thing I Have Read This Year'
- "Growing inequality has allowed one strata of society to be largely free of these risks… fewer and fewer worries about paying for college education, has first-rate health insurance, ample funds for retirement, and little or no chance of losing a home…. The upper strata wonders, 'Why should we pay for social insurance when we get little or none of the benefits?' and this leads to an attack on these programs": Mark Thoma: The Real Reason for the Fight over the Debt Limit
- "A huge structural current account surplus manages to export not just product but bankruptcy too": Martin Wolf: Germany’s strange parallel universe
- "Now, why did financial conditions tighten? Oh yes, I recall--because just talking about tapering is the same as tightening. Remember, unless yields head much lower (they are down around 10bp as I write), much of the damage is already done is already done": Tim Duy: No Taper--Yet
And:
- Simon Gilchrist and Egon Zakrajsek: The Impact of the Federal Reserve's Large-Scale Asset Purchase Programs on Corporate Credit Risk
- Michael Tomasky: How Legislators View Their Constituents
- Paul Krugman: What's It All About Then?
Plus: Long:
Richard Blundell: Taxation of earnings: The impact on labor supply and human capital | Alan Auerbach: Capital Income Taxation, Corporate Taxation, Wealth Transfer Taxes and Consumption Tax Reforms | Nick Heer: iOS 7: The Pixel Envy Review | Paul Krugman: Bubbles, Regulation, and Secular Stagnation |
Plus: Short: