Archive for the ‘New Posts’ Category

What’s wrong with upside-down Keynesianism?

October 17th, 2018

  Introduction I’ve got a piece in today’s WaPo focusing on how the tax cuts have broken an important, fiscal linkage between budget deficits and the strength of the economy. “When we close on full economic capacity, as is currently the case, tax revenues as a share of the economy should significantly rise, and deficits… Read more

Min wg panel model

September 26th, 2018

I’ve got a piece in the WaPo today that presents findings from the model described in more detail here. What follows is for those who want the technical details of the data and model. As is unlike my wont, I make no effort to explain in layperson’s terms. The model is a panel of the… Read more