I somewhat embarrassingly change my mind about three times in this (excellent and carefully balanced) piece on the economics, politics, and legal issues invoked by the prospect of the Trans Pacific Partnership trade agreement by Danny Vinik in The New Republic. FWIW, I write this not because I think my personal views matter that much… Read more
Like any good parent, I equally adore all of the papers written for our most recent full employment event. In this post over at PostEverything, I (with help from Ben Spielberg) summarize the findings from Valerie Wilson’s excellent paper on the disproportionate benefits of tight labor markets to African-American workers. The stuff about unemployment ratios… Read more
Well, then…listen to this. It’s Isaiah Poole from Campaign for America’s Future and I in a wide-ranging discussion about full employment et al.
Over at the Upshot. I see much more upside than downside to up-weighting wage growth in the Fed’s liftoff calculus. I was surprised to hear Chair Yellen intimate otherwise.
Robert Samuelson has a few good words for full employment, coming off of our event a few weeks ago. He makes some useful points: –not only is full employment an important goal, but it’s a bipartisan one, or at least it should be; –no one really knows with any precision what the “natural rate” of… Read more