.@jbarro w/ empl & infl now & fcst below target, is there a technocratic optimal-control rational for tightening now? cc: @econjared
Must- and Should-Reads: Must-Read: Kris James Mitchener and Marc D. Weidenmier: Was the Classical Gold Standard Credible on the Periphery? Evidence from Currency Risk Cherrie Buckner: Young Black America Part Four: The Wrong Way to Close the Gender Wage Gap Tim Duy: Dudley Puts the Kibosh on September Andrew Haldane: Stuck Gillian Tett: The Silo […]
Is he Tweedledum or Tweedledee?
**Must-Read: Kris James Mitchener and Marc D. Weidenmier**: [Was the Classical Gold Standard Credible on t...
**Comment of the Day: Robert Waldmann**: ["Lars E.O. Svennson can call the expected inflation imp from the...
When we think of gentrification and displacement, we typically envision a hipster – young, professional, and probably white — in the Mission District or Brooklyn at the peak of the real estate boom. But this archetype, while not inaccurate, is just the tip of the iceberg.
Displacement, which is distinct from gentrification, occurs in many different forms, places, and moments. While gentrification refers to a process of neighborhood change that encompasses local increases in real estate investment, household income, and educational attainment, displacement occurs when housing or neighborhood conditions force moves. Displacement can be physical (as building conditions deteriorate) or economic ... More >
.@DouglasHuggins inflation now & fast and employment now & fast below target, tightening is political @bsurveillance @JosephEStiglitz
Economist @delong on the history of the Federal Reserve and its full employment mandate #whatrecovery
"Dear Baru..." The advice column for wizards, super-heroes and Jedi Knights you didn't know you wanted.
**Live from Jackson Hole 2015 Weblogging: Must-Read:** I think Miles Kimball is dead-on here: unless the a...
I’ve spent this year working with corporations and government agencies that are adopting and adapting Lean Methodologies. The biggest surprise for me was getting schooled on how extremely difficult it is to be an innovator inside a company of executors.—–What Have We Lost?
I’ve been working with Richard, a mid-level executive in a large federal agency facing increasing external disruption (technology shifts, new competitors, asymmetric warfare, etc.). Several pockets of innovation in his agency have begun to look to startups and have tried to adopt lean methods. Richard has been trying to get his organization to recognize that change needs to ... More >
Project Syndicate: A Cautionary History of US Monetary Tightening
Must-Read: I cannot help but note strong divergence between the near-consensus views of Fed Chair Janet’s and Fed Vice-Chair Stan’s still-academic colleagues and students that tightening now is grossly premature, financial markets’ agreement with the hippies as evidenced by the ten-year breakeven, commercial-banker and wingnut demands for immediate tightening, the extraordinarily awful performance since 2007 […]
Whose Recovery?: Where Is the People's Central Bank Woodrow Wilson Thought He Was Creating?
Japanese Convergence and Non-Convergence and the Financial Crisis of the Early 1990s
Brad DeLong : Japanese Convergence and Non-Convergence and the Financial Crisis of the Early 1990s