Things to Read for Your Morning Procrastination for October 20, 2015
Must- and Should-Reads:
- : The Lofty Promise and Humble Reality of International Trade
- Martin Sandbu: "In response to Federal Reserve vice-chairman Stanley Fischer’s latest speech, Brad DeLong succinctly explains why the challenge of reducing interest rates below zero means central banks should optimally aim to stay behind the curve rather than ahead of it--that is to say, better tighten too late than too soon..."
- : "It’s also worth noting the difference in perspective that comes from having your original intellectual home in international versus domestic macroeconomics. I would say that Brainard’s experience is dominated not so much by the Great Moderation as by the Asian financial crisis and Japan’s stagnation; internationally oriented macro types were aware earlier than most that Depression-type issues never went away..."
- : "Inflation-targeting central banks, like the ECB, de facto target the output gap, but timidly and without explicitly saying so. This leads to low reactivity and opaque communication.... Those who followed the EMU policy debate in the past few years will know what I am talking about.... [at] the Fed the opacity results from an ongoing debate on how to best attain an objective that is clear and shared.... The ECB opacity is intrinsically linked to the confusion between its mandate and its actual action, and as such it cannot lead to any meaningful discussion, but just to legalistic disputes..."
- (1960): The End of Ideology: On the Exhaustion of Political Ideas in the Fifties, with "The Resumption of History in the New Century"
- : Development Projects Observed
- : Nutcases and Knut Cases
- : GDP Tracking
- : Too Early to Think About a Rate Rise
- : Europe's Orphan: The Future of the Euro and the Politics of Debt
- (1978): Evolution of the International Economic Order
- : Dirty Rant About The Human Brain Project
Over at Equitable Growth--The Equitablog
- : A look at U.S. tax rates at the top
- **: Putting rents at the center of U.S. income inequality
- Monday Smackdown Watch: Paul Krugman Admonishes Me on My Making Out of Milton Friedman Not a Golden, But a Paper-Money Calf
- Macro Situation: Things Are Profoundly Different Today from What 10 Years Ago We Thought Would Be
Plus:
And Over Here:
- Must-Read: MathBabe's Guest: Dirty Rant About The Human Brain Project
- Monday Smackdown Watch: Paul Krugman Admonishes Me on My Making Out of Milton Friedman Not a Golden, But a Paper-Money Calf
- Comment of the Day: Charles Steindel: Monday Smackdown: An Excellent Nobel Prize for Angus Deaton--But Was Eugene Fama Always Such a Total [Redacted]?
- Monday Smackdown: Michael Kinsley and "Extremism"
- Macro Situation: Things Are Profoundly Different Today from What 10 Years Ago We Thought Would Be
- Must-Read: Paul Krugman: Nutcases and Knut Cases
- Live from Crow's Coffee: Ezra Klein: David Brooks: The Republican Party Is Producing 'Leaders of Jaw-Dropping incompetence'
- Liveblogging World War II: October 19, 1945: Nuremburg Indictment
- Liveblogging the American Revolution: October 18, 1777: George Washington
- David Frum on the Republican Crack-Up: Hoisted from the Archives from 5.5 Years Ago
- Must-Read: Macro Advisors: GDP Tracking
- Must-Read: William Dudley: Too Early to Think About a Rate Rise
- Links for the Week of October 12, 2015
Might Like to Be Aware of:
- : "Charlie Stross has a good time complaining about the poor script-writing for the 21st century..."
- : The Long Winter
- : The Last Generation of the Roman Republic
- : Socialism with Chinese Characteristics
- Boeing 367-80 - Wikipedia, the free encyclopedia
- La Chanson de Roland
- : Trotsky eBook Collection
- : Geoffrey Marcy: The Long Con
- : Berkeley Department Head Gibor Basri Sends Misguided Letter to Staff About Serial Harasser Geoff Marcy
- : UC Berkeley Astronomy Professor Geoffrey Marcy Violated Sexual Harassment Policies
- : Eric Foner
- **: Nightly Routines and How To Sleep Hack your way to a Productive Morning
- : How to Write an Essay About Teaching that Will Not Be Published in the NYT, Chronicle, IHE, or Anywhere Else
