Archive for the ‘New Posts’ Category

Hey, What’d I Miss? OTE 9/17 — 9/29

September 29th, 2014

Sharing some advance thoughts re Martin Wolf’s new book. Pushing back on a misleading critique of a paper I wrote on inequality and growth. Analyzing Chair Yellen’s decision to keep the words “considerable time” in her statement before the FOMC. Explaining the biased against full employment in when-to-lift-rates debate. Looking at evidence of labor market slack through… Read more

Wherein I do the DC thing of talking about a book I’ve yet to read.

September 29th, 2014

I need to read Martin Wolf’s new book, “The Shifts and the Shocks,” his diagnosis of the factors that brought on the financial crisis and his prescriptions for getting out of this terribly damaging bubble, bust, repeat cycle. But in the meantime, it’s worth giving a read to Felix Salmon’s review in yesterday’s NYT. Salmon… Read more

A misleading critique of my inequality and growth analysis

September 29th, 2014

Sorry, but Steve Roth’s critique of my Inequality and Growth paper for CAP is misleading and inaccurate. Moreover, he had to work pretty hard to miss my points linking inequality to macro-instability and thus persistent periods of weak growth. Not only does Roth somehow miss my emphasis on what I think are critically important linkages… Read more

Musical Interlude: One After 909

September 26th, 2014

The Beatles were, of course, many different things over the course of their life as a band. But at their core, they were always mates who just loved to rock out. That’s why I’ve always loved this version of One After 909. There was a lot of water under the bridge already and much more to… Read more