Procrastination for October 23, 2017
Over at Equitable Growth: Must- and Should-Reads:
- Paul Krugman: Some Misleading Geometry on Corporate Taxes (Wonkish): "There’s a fairly simple geometric way to see where the optimistic view that cutting corporate taxes is great for wages comes from...
- Jason Furman: Wage Increases Under the Unified Framework: Some talk lately of Ramsey models and their implications for wage increases under the Unified Framework (warning: irrelevant nerdy thread)...
- Martin Wolf: Zombie ideas about Brexit that refuse to die: "As Mark Carney, governor of the Bank of England, has rightly noted, the initial impact of Brexit will be 'deglobalisation'...
- Sandy Black: U.S. pattern looks very different. Suggests institutions matter and potential role for policy: "New book including my work with @dwschanz on female labor force participation...
- Tim Duy: Incoming Data Supportive of December rate Hike: "If we ignore inflation, then nothing is really standing in the way of a rate hike in December...
- Noah Smith: Taylor and His Rule Are Not What the Fed Needsg: "How much should the Fed worry about inflation versus unemployment?...
- Ryan Avent: How should recessions be fought when interest rates are low?: "ONE day... bad news will blow in... a new recession will begin...
- The Spectator Index on Twitter: "Total wealth of Forbes 400 list
- Zeynep Tufekci: On Twitter: "Facebook and Google helped them better target fear-mongering videos: "Facebook and Google helped them better target fear-mongering videos showing 'France and Germany overrun by sharia law'—to get the ad money...
- Greg Leiserson: The Unified Framework is a proposal for two new wasteful tax expenditures: "Unified Framework’s core proposal: preferential rates for business income...
Interesting Reads:
- Max Roser and Stefan Thewissen: The US lags far behind its peers on “inclusive” economic growth: "Our data shows that inequality isn’t an inevitable byproduct of globalization and technological change..."
- Geoffrey Hinton: What is wrong with convolutional neural nets?
- Kimberly Clausing and Edward Kleinbard: Trump’s economists say a corporate tax cut will raise wages by $4,000. It doesn’t add up: "The UK cut corporate rates and wages still dropped..."
- Mark Dincecco: State Capacity and Economic Development: Present and Past
- Jorge Morales Meoqui: Ricardo's Numerical Example Versus Ricardian Trade Model: A Comparison of Two Distinct Notions of Comparative Advantage
- Michael Chui, James Manyika, and Mehdi Miremadi: Where machines could replace humans--and where they can’t (yet)
- Andrew Gelman: Beyond "power pose": Using replication failures and a better understanding of data collection and analysis to do better science
- Dani Rodrik (1994):
And Over Here:
- Ricardo's Big Idea, and Its Vicissitudes: INET Edinburgh Comparative Advantage Panel
- Links and Such for the Week of October 22, 2017
- Early (Monday) Circular DeLong Smackdown Squad...
- Weekend Reading: Melissa Kearney: How Should Governments Address Inequality?
- For the Weekend: Stephen Vincent Benet: The Devil and Daniel Webster VIII
- Live from the Days of the Machine: E.M. Forster: IN THE DAYS OF THE MACHINE: "'Do not learn anything about this subject of mine — the French Revolution..."
- Should-Read: Paul Krugman: SOME MISLEADING GEOMETRY ON CORPORATE TAXES (WONKISH): "There’s a fairly simple geometric way to see where the optimistic view that cutting corporate taxes is great for wages comes from..."
- Should-Read: Nick Bunker: WEEKEND READING: TAX “REFORM” EDITION: "This week’s Working Paper series release features two papers..."
- Should-Read: Jason Furman: WAGE INCREASES UNDER THE UNIFIED FRAMEWORK: "Some talk lately of Ramsey models and their implications for wage increases under the Unified Framework (warning: irrelevant nerdy thread)..."
- Should-Read: Tim Duy: INCOMING DATA SUPPORTIVE OF DECEMBER RATE HIKE: "If we ignore inflation, then nothing is really standing in the way of a rate hike in December..."
- Should-Read: Martin Wolf: ZOMBIE IDEAS ABOUT BREXIT THAT REFUSE TO DIE: "As Mark Carney, governor of the Bank of England, has rightly noted, the initial impact of Brexit will be 'deglobalisation'..."
- Should-Read: Sandy Black: U.S. PATTERN LOOKS VERY DIFFERENT. SUGGESTS INSTITUTIONS MATTER AND POTENTIAL ROLE FOR POLICY: "New book including my work with @dwschanz on female labor force participation..."
- Should-Read: Noah Smith: TAYLOR AND HIS RULE ARE NOT WHAT THE FED NEEDS/span>: "How much should the Fed worry about inflation versus unemployment?..."
- Should-Read: Ryan Avent: HOW SHOULD RECESSIONS BE FOUGHT WHEN INTEREST RATES ARE LOW?: "ONE day... bad news will blow in... a new recession will begin..."
- Should-Read: THE SPECTATOR INDEX ON TWITTER: "Total wealth of Forbes 400 list: 1982: $93 billion. 2016: $2400 billion..." <— Nominals, unfortunately: figure a tripling of the world price level and a doubling of global per capita income—to scale it is a factor of four, not 24...
- Should-Read: Zeynep Tufekci: ON TWITTER: "FACEBOOK AND GOOGLE HELPED THEM BETTER TARGET FEAR-MONGERING VIDEOS: "Facebook and Google helped them better target fear-mongering videos showing 'France and Germany overrun by sharia law'—to get the ad money..."
- Should-Read: Greg Leiserson: THE UNIFIED FRAMEWORK IS A PROPOSAL FOR TWO NEW WASTEFUL TAX EXPENDITURES: "Unified Framework’s core proposal: preferential rates for business income..."
Perhaps Worth Looking at...