2008
755 posts
2008 755
December 2008
- Open Market Operations in Equities
- Elmendorf to CBO
- Humor Session
- The IMF on Fiscal Policy
- Pigou in Congress
- The Seeds of the Current Crisis
- Summers on the Obama Plan
- Lindsey on Stimulus
- Backus on Spending Stimulus
- A Question about Learning Economics
- Merry Christmas
- Feldstein on Defense Spending
- A Primer on Quantitative Easing
- Robert Lucas on the Economy
- How Not to Stimulate the Economy
- Advice for the Generous
- Another Stimulus Spending Skeptic
- Let the Rent Seeking Begin
- Better Luck Next Year
- Stimulus Spending Skeptics
- Who's asleep?
- Principle # 1: People face tradeoffs
- Two Views of Housing Policy
- Art Laffer agrees with Al Gore
- Trade: Not an Obama Priority
- Crises and Government
- The Next Round of Ammunition
- Chu and Pigou
- How about me? I'm 6' 2"
- A Puzzle from Terence Tao
- Interview with Marty
- Wheelan for Congress
- The Magic of Financial Engineering
- The Case for a Payroll Tax Cut
- Another Member
- Stiglitz on the Auto Industry
- Spending and Tax Multipliers
- An Etymological Suggestion
- Measuring Your Worth (Academics Only)
- Cooley on Mortgage Restructuring
- Bailout, Italian-style
- Investment: Then and Now
- More Competition
- POTUS-elect declines membership
- Downsizing
- Discretionary Fiscal Policy
- How to Avoid the Menu Cost
- Hall & Woodward on Stimulus Options
- Goodbye, Auto Industry
- Life in the Left Tail
- Christmas Inflation: 8.1 Percent
- Mortgage Forgiveness as a Tax Hike
- Deflation Alert
- A Pigovian Tax on Cows
- Chetty to Harvard
- Ed Gleaser on Subsidized Mortgages
- Listen to me squawk
- Where's Joe?
- What I did today
- A Headline for the Pigou Club
- The Case for Inflation
- Marriage over the Business Cycle
- Congratulations, Team Harvard
- AS, AD, and the New Deal
- Morning Reads
- Kudlow & Company
- The Bils-Klenow Stimulus Plan
- Real interest rates plunge!
- Fiscal Policy Puzzles
- The recession began December 2007
- Passing the Buck
- An Occupational Hazard
- Sounding like an Economist
November 2008
- The Next Team
- Job Market Signaling
- Lessons from the Crisis
- A Keynesian Moment
- Stimulus for Skeptics
- Moral Hazard
- Time to Start Christmas Shopping
- Reallocating Resources
- Who are the most exploited workers in the American economy?
- Happy Thanksgiving!
- Redefining "grownup" and "hack"
- Cooley on Human Capital
- An Open Letter to the New President
- NPR reads this blog
- What's wrong with the efficient scale?
- The Return of Larry
- Income Elasticity of Mistress Demand
- Competing Alliteration
- Ben and the Crisis
- The Financial Crisis
- Christy Romer to the CEA
- $280,000 per job
- The Outlook
- Summers to the NEC
- News Flash
- Treasuries as Negative Beta Assets?
- Lessons from the New Deal
- A Macroeconomic Puzzle
- Glaeser on the Auto Industry
- An Underserved Market
- What is the Fed to do?
- A Sustainable Auto Industry
- Deflation Worries
- This is your brain blogging
- How is the middle class doing?
- More Members
- Expected Return
- Defining Terms
- P(Depression) = 0.15
- Larry Summers as Treasury Secretary?
- Auto Industry Bailout?
- Another Member
- Cost Differences
- Death and Taxes
- The New Edition and the 2008 Downturn
- Inferior Goods
- Stock Market Valuation
- P(Larry Summers at Treasury)
- A $600 Billion Fiscal Stimulus?
- President Bush on the Economy
- Kristof on Education
- Cues from History
- Financial Rescue Update
- Time to Buy Stocks?
- The Meltzer Plan
- Split Opinion
- Tax Policy during the Great Depression
- The Silver Lining
- Memo to the POTUS-elect
- An Epistemological Digression
- The New Draft
- Hire Better Teachers
- Trust the Voters
- The Youth Vote and the GOP
- Larry, Vindicated
- Tom Cooley's Dream
- Congratulations, President Obama
- The Inequality Debate
- Prediction from the Fair Model
- Should you vote?
- Downsizing
- Galbraith on Mainstream Economics
- Tax Hedging?
- Sowell lets loose
- Shiller on Groupthink
- Election Fact of the Day
- The Health Care Debate
- The Economist endorses...
- Vernon Smith on Barack Obama
October 2008
- A Federalist Fiscal Stimulus
- Happy Halloween!
- The Pigou Club: Canadian Division
- Get Ready for Deflation
- How to Rework Bad Mortgages
- Cutler & Mankiw
- Two Questions for SAM
- A View from India
- A Tax Calculator
- The McCain Health Plan
- The Best Book Promo of All Time
- The Latest from Larry
- My Personal Work Incentives
- Depression Redux?
- Obama vs His Advisers
- Finally Revealed: The Source of the Crisis
- Forgive me, Father, for I have sinned
- May you live in interesting times
- Monetary Policy to the Rescue
- More Commentary on the Financial Mess
- Rawls vs Nozick: A Tie
- Young Voters, Get Mad
- Wage = Value of the Marginal Product
- McCain's Last Chance
- Found on Facebook
- "More Santa Claus than Vito Corleone"
- Who pays the income tax?
- Flashback: Middle-Class Tax Cuts
- The Changing Meaning of "Subprime"
- The Best Political Event of the Season
- The Pigou Club's Next Target
- Taxing the Uninsured
- An Interview with Anna
- What's so great about small business?
- More Commentary on the Financial Mess
- The Obama Social Security Plan
- For Wellesley Residents Only
- Two Bull Markets
- Jeff Frieden on the Current Crisis
- Who wins the rich vote?
- Fact Checking the Presidential Debate
- Who has the better health plan?
- Technological Advance
- A Rorschach Test
- More Commentary on the Financial Mess
- Colbert interviews Stiglitz
- Republicans, Democrats, and Stock Returns
- Shiller on Stock Market Valuation
- Currency Demand
- The envelope, please
- More Commentary on the Financial Mess
- Economists Against Obama
- Using Auctions to Inject Bank Capital
- The new edition is here!
- Score One for the Ivory Tower
- Plan B
- Nobel Pool Update
- Jefferson had the Louisiana Purchase
- Recession or Depression?
- Never say never
- More Commentary on the Financial Mess
- How to Recapitalize the Financial System
- Lessons from the Past
- Explaining the Financial Crisis
- Fed 101
- Nobel Odds
- A Few Good Reads
- Do you take models (too) seriously?
- Another Sign of the Times
- Is deregulation to blame?
- How careers begin
- Advice from Down Under
- SNL on the Financial Rescue
- Predicting Election Outcomes
- The Race Between Education and Technology
- More Commentary on the Financial Mess
- Deflation?
- Charity and the Would-be Veeps
- Wanted: A Good Bernanke Speech
- Elasticity
- Why are real interest rates rising?
- More Commentary on the Financial Mess
- Consumer Surplus
- Ignobelity
- The Veep Debate
- We'll always have Macedonia
- March Madness in September
- More Commentary on the Financial Mess
- Obama, McCain, and Quadratic Averaging
- Underdog Again
- Nobel Predictions
- Average Effective Marginal Tax Rates
- More Commentary on the Financial Mess
- Nobel Prize Pool
- Stopping the Barbarians
September 2008
- A Loan Interview
- Is deregulation to blame?
- Hold on to your seats
- Plan B
- More Commentary on the Financial Mess
- Palin for President: Two Versions
- Physics 101
- Put your Mortgage-Backed Securities here
- Economics Teaching Conference
- Advice on Course Selection
- A Note of Optimism
- A Sign of the Times
- Distorting History
- Did anyone say "capital flight"?
- The Case against the Paulson Plan
- The Dark Bailout
- If I were a member of Congress...
- More Commentary on the Financial Mess
- The Problem with Warrants
- A Defense of the Paulson Plan
- The Theory behind the Rescue Plan
- P(bank bailout) = .79
- Election Update
- Is Intrade suspect?
- A Panel Discussion
- The Meltzer Plan
- Predicting College Success
- Economists against the Paulson Plan
- Help Wanted
- Oops
- Commentary on the Financial Mess
- More Capital for the Financial System
- Fan Mail
- A Blank Check
- Need a bailout?
- The Problem with Audience Participation
- The GSE Blame Game
- Is Paulson wrong?
- Keeping #@&!* Jobs at Home
- The Future of Financial Regulation
- Ben promotes Bipartisanship
- The F.A.Q.’s of Lehman and A.I.G.
- Mishkin on Inflation
- The Pigovian Slippery Slope
- Alan Blinder and Harrison Hong on the Financial Crisis
- Wise Words on Trade
- The Next Shock to the Economy
- A Reading for the Pigou Club
- A Poll of the AEA
- Rogoff on Bailouts
- A New Beginning
- Biden's Charity Aversion
- Rent Control
- No Longer the Underdog
- Fun with Statistics
- The GSE Blame Game
- My Whereabouts
- Equality in Health Spending
- Show Me the Money
- A Reading for the Pigou Club
- McCain's Likely Tax Policy
- Thoughts on the GSE Takeover
- Post-Partisan Tax Policy
- Is TV bad for kids?
- Post-Partisan Health Policy
- Ed's Dream
- Two Good Weeks for John McCain
- The Shiller Solution
- The Pigou Club Manifesto - Director's Cut
- Economic advisers go at it
- Bad Money, Bad Book
- When Co-teachers Collide
- High Finance
- I am a friendly guy
- The Problems with Census Data
- The McCain Tax Plan
- Cross-Price Elasticity of Demand XIII
- Allocating Airport Landing Slots
August 2008
- What to Read
- The Palins: Fans of retirement saving
- McCain veep pick is not a member...
- Sachs on the Digital Divide
- The Political Divide
- Ec 10 is now in Gen Ed
- Seeds of a Mess
- Feldstein on the Housing Market
- Dynamic Scoring
- Volatility is up
- Feeling Her Pain
- Reports from Jackson Hole
- A Reading for the Pigou Club
- Summers on Trade
- Friedman on Nudge
- Biden on International Trade
- Does money undermine community?
- Corporate Taxes Here and Abroad
- We're not in a recession
- The Bestselling Economics Books
- More on Obamanomics
- Charlie Rose interviews Austan Goolsbee
- Pindyck on Energy Policy
- Dr Doom
- Obama's Top Marginal Tax Rate
- How to Prop Up the Housing Market
- A Portrait, in ASCII
- Toward, and Away From, Bipartisanship
- Summers on the Economy
- The Obama Tax Plan
- The Big Sort
- Feldstein on Monetary Policy
- Obama's View of Oil Markets
- Ec 10 in an Alternative Universe
- The View from the White House
- Is a windfall profits tax Pigovian?
- Feldstein on the Tax Rebate
- And they call this "progressive" taxation
- The Value of Oprah
- The Present Danger
- The Wu Index
- A Reading for the Pigou Club
- A Paradox
- Why food prices are rising
- What do economics and hummus have in common?
- More on the GSE Rescue Bill
- The Cost of Being PC
July 2008
- Why everyone hates high gas prices
- The Biggest Issue
- LHS, vindicated
- The GSE Rescue Bill
- Save My Iced Grande Latte!
- Resilience
- The View from Chicago
- Cross-Price Elasticity of Demand XII
- Thanks, LBJ
- Time to pass out the WIN buttons
- Cross-Price Elasticity of Demand XI
- From The Daily Show
- A Income Tax Surcharge on Old, Sick People
- Cross-Price Elasticity of Demand X
- Ed Glaeser on Paul Ehrlich
- Who needs an inflation-targeting central bank when we have Pick n Pay?
- Wisdom
- Competition is good for consumers
- Cross-Price Elasticity of Demand IX
- It's worked before
- Time to Pay the Menu Cost
- Summers on the GSEs
- Meltzer on the Fed as Regulator
- What I am doing this week
- Career Planning
- A Reading for the Pigou Club
- How to Win the Economist Vote
- On Fannie and Freddie
- Pessimism abounds
- Bimodality
- Cross-Price Elasticity of Demand VIII
- Orszag on Cap and Trade
- We're number two!
- Defense of Oil Speculators
- The Snarkiest url of All Time
- Moving down the NX(e) curve
- The Downside of Affluence
- Not exactly what they had in mind
- Machiavellian Entrepreneurs
- Cross-Price Elasticity of Demand VII
June 2008
- Sunstein-Wolfers on Capital Punishment
- Summers on the Economy
- Shiller on Fiscal Stimulus
- Wanted: More Beautiful Workers
- Creative Capitalism
- Wanted: More Skilled Workers
- The Pigou Club in a Nutshell
- Don't trust anyone who can't see into the future
- McCain vs Obama: Ethanol
- A Reading for the Pigou Club
- Department of Strange Bedfellows
- What I've been listening to
- Will the real budget hawk please stand up?
- The Problem with Centralized Authority
- Karl Rove channels Schumpeter
- Lindsey on Obamanomics
- The Wee Hours of the Morning
- Cross-Price Elasticity of Demand VI
- Heckman on Ability Gaps
- Effective Tax Rates
- A Reading for the Pigou Club
- He's baaaack...
- Bernanke on Healthcare
- Starve the Beast
- Blinder on Bubbles
- A Reading for the Pigou Club
- Chick Flicks
- The Politics of Trade
- So much for Ricardian Equivalence
- Two Great Books for Kids
- The Harvard-Yale Presidential Duopoly
- McCain vs Obama: Checks and Balances
- A Gold Star for Barack Obama
- My Whereabouts
- George Stigler rolls over in his grave
- Fear of Foreigners
- A Reading for the Pigou Club
- Which inflation rate?
- Detested Masterpieces
- Congratulations, Harvard Grads
- Landsburg on Tax Policy
- Bernanke comes home
- Summers on Financial Regulation
- Thanks for the Assist
- Attracting Customers
May 2008
- Cut the Corporate Income Tax
- Toward a Better Mortgage Business
- The Law of Demand
- GDP Growth
- Is the yen a negative beta asset?
- On the Case for Free Trade
- Sen on Hunger
- How to reduce health care costs
- A Pox on Both Your Houses
- Frank on Tax Policy
- Shooting Yourself in the Foot
- Oh, yeah, that should work
- Bipartisanship
- What I've been reading...
- Barack's Best Idea Yet
- Reinhart on the BS Bailout
- 5,000,000
- Cross-Price Elasticity of Demand V
- How the AEA invests its money
- What would Mancur say?
- The Pelosi Problem
- The Coming Tax Hike
- Allan Meltzer Podcast
- Stock Market Valuation
- So, you want things to be fair?
- Sachs on Family Size
- Where's the beef?
- With friends like this....
- Some menu costs aren't so small
- Substituting Physical and Human Capital
- McCain vs Obama: The Farm Bill
- Ec 10 and Gen Ed
- Farm Bill Veto
- Stiglitz on Inflation Targeting
- The Problem with Supply and Demand
- McCain vs Obama: Carbon Auctions
- The Empire Strikes Back
- Cross-Price Elasticity of Demand IV
- Putinomics
- Cross-Price Elasticity of Demand III
- Time for Harvard to Move?
- The Coming Tax Hike
- Wessel on Underwater Homeowners
- The Best Case for a Gas Tax Holiday
- Colbert on the Gas Tax Holiday
- Viard on the Corporate Income Tax
- A Graphic for the Pigou Club
- A Book Review
- In Praise of Gas Tax Hysterics
- The Source of Bad Ideas
- Summers on Tax Competition
- Hillary vs the AEA
- The Legacy of Bailouts
- Cross-Price Elasticity of Demand II
- U.S. Unemployment Rate
- Cross-Price Elasticity of Demand
- Tomorrow in Ec 10
- More on the Gas Tax Holiday
April 2008
- Caplan is coming to Harvard
- Pigs fly!
- Recession? What recession?
- Score one for Obama
- Vince makes Ben wince
- Summers on Free Trade
- Hendrik Houthakker
- Does China benefit the poor in America?
- NY Times Textbook Publishing, Inc.
- Go-it-alone Cowboys
- Does economics make you selfish?
- McCain's Economist
- Some Disturbing Facts
- How to Get a Golden Ticket
- Y = F(K, H, L), or Y/L = F(K/L, H/L, 1)
- Trade and Wages
- A Bad Time to be a Pig
- What Harvard students want from Ben Bernanke's visit
- You're welcome, Barack
- A Reading for the Pigou Club
- CEA of the Future?
- Industrial Production
- The Easterlin Paradox
- Bad News for the Pigou Club
- Marty on Money
- From the Stanford Econ Skit Party
- The Price of Parking
- Volcker vs Bernanke
- Makin on Money
- A Fairness Paradox
- Is Iraq the source of our problems?
- My Whereabouts Today
- Ranking Economics Departments
- Bpea
- From the Columbia Econ Skit Party
- The Well Shod Economist
- Stiglitz on Monetary Policy
- From the Berkeley Econ Skit Party
- Ip on Greenspan
- The Looming Tax Hike
- Party On!
- Furman on Fiscal Policy
- More on the Carry Trade
- Shiller on the Fed
- The Carry Trade
- Pithy Political Economy
- Hillary on Leno
- Glaeser on Rewriting Bankruptcy Laws
- Clinton: Also no fan of retirement saving
- Cross-elasticity
- John Taylor
- My Whereabouts
- Sachs on the Credit Crisis
- How Not to Save Housing
- McCain vs Obama: Tax Reform
- Wanted: More skilled workers
- Free Books
March 2008
- How things have changed
- Summers on the GSEs
- Blinder on the Mortgage Mess
- Such stuff as dreams are made on
- Hypocrisy Indeed
- Glaeser on Galbraith
- The Rising Return on Junk
- No grade inflation here
- Jeff Sachs on The Daily Show
- Obama: No fan of retirement saving
- Hold the Hysteria
- The Latest Fed Stimulus
- McCain vs Obama: Bailouts
- Feld$tein
- Volatility at 70-year high
- Cowen on the Credit Crisis
- Христос воскрес!
- 2008 = 1929?
- Jeremy Siegel comments...
- Congratulations, Steve
- A Solution of Sorts
- Harvard vs MIT
- Sam Zell on the Credit Crisis
- Phelps, Meltzer, and Eichengreen...
- Blinder on the Credit Crisis
- Fed Funds
- Common Wealth: Economics for a Crowded Planet
- Greenspan on the Credit Crisis
- Economists with Attitude
- Really?!?
- The Trade Debate
- The BS Bailout
- The Economics of Charitable Giving
- Subprime Mortgage Blues
- Marty is scared
- Phelps on Current Uncertainties
- The Coming Tax Hike
- Rogoff on Inflation Risks
- Economic Advisers
- Another Member
- A Slice of Life
- The Gains from Trade
- The Fed vs the ECB
- Immigration and the Median Worker
- Unintended Consequences
- Whatever happened to inflation targeting?
- My Whereabouts Today
- More on NAFTA
- Feldstein on the Mortgage Crisis
- Lonely Council Meetings
- Subprime Primer
- Real interest rates are now negative
- Sowell on the Rust Belt
- Landsburg's Latest
- Bhagwati on the Dems
- Case Study: The Effect of Wages on Labor Supply and Unemployment
- Tax Rates by Income Quintile
- Glaeser on Cities
- Shiller on Bubbles
- Weirdness in the Muni Market
February 2008
- McCain vs Obama: NAFTA
- Penny Anti
- Two strikes and I'm out of here
- The Audacity of Fear
- Quick Quiz: Middle Class Taxes
- Miron on Drug Legalization
- Our neighbors are not happy
- Meltzer on Bernanke
- Who should I root for?
- "reactionary, populist, xenophobic and just plain silly"
- The Dreaded S Word
- McCain vs Obama: Ethanol
- Will the real Obamanomics please stand up?
- The Larry Summers Anti-Foreclosure Plan
- The best sentence...
- Party, Party, Party!
- Who is #1?
- Sunday Reads
- Should the rich get better health care?
- What I've been reading
- The Age of Milton Friedman
- The Next President: NBER Edition
- The Next President: Update
- Pigou Club News
- Thinking Alike
- True Words
- The Dems dis NAFTA
- “like giving a drink to an alcoholic”
- 1.6 Percent
- A Women-only Tax Cut?
- Earmark Track Record
- Obama on NAFTA
- Carbon Tax vs Cap-and-Trade
- The Debt-Jobs Tradeoff
- Are taxes really distortionary?
- Fed Presidents look ahead
- The Gap between Rich and Poor
- The Next President?
- The Poverty Trap
- GOP = :)
- Stiglitz at Davos
- Equality before the IRS
- PI joins the Club
- Nxe
- Will "comparable worth" become a campaign issue?
- We're number one!
- Trichet on Fiscal Stimulus
- Debt and the Real Threat
- Bill vs Bill
- Looks delicious (and like me)
- The Clinton Mortgage Plan
- Enormous Strains
- Athey Interview
- Knowing Where You Stand
- Happy Birthday to Me
- Welcome to the Club, Jay
- Inflation expectations are rising
- Interpreting the Employment Report
- Volcker takes a stand
January 2008
- Four Goals of Tax Policy
- The cat is out of the bag
- Fiscal Stimulus Update
- How is Mike Huckabee like Martin Luther King?
- Jason Furman vs Steven Landsburg
- P(recession now)=0.355
- Ed Glaeser on John McCain
- Don't believe every rumor you hear
- The Coalition against Fiscal Stimulus
- Sovereign Wealth Funds
- UI Claims point to a healthy labor market
- McCain on Tax Reform
- Proposed Fiscal Stimulus: My View
- Taxes don't stay where you put them
- Lags in Fiscal Policy
- Eyes on the Fed
- The Modern Lighthouse
- "a strategy of desperation"
- What I've been watching
- Repugnance
- The Clinton Plan
- What ends recessions?
- Goolsbee on the Laffer Curve
- Blinder on Fiscal Stimulus
- Fiscal Stimulus and Fed Policy
- CEO of the Princeton Econ Department
- Looking for a Summer Job
- Lowenstein on Bernanke
- The Case for Tax Competition
- A Defense of the FairTax
- Should the winners from free trade compensate the losers?
- Anna dings the Fed
- CBO on Fiscal Stimulus: A Strange Menu
- The Greenspan-Krugman Consensus
- Was Bill Cosby right?
- Freeman on the Colbert Report
- CBO rebuts Hacker
- The Gary Becker Health Reform Plan
- Time to leave Massachusetts?
- Eyes on the Fed
- An Anonymous Citation
- Health Reform from an Ec 10 Father
- A Primer on Fiscal Stimulus
- Huckabee's Tax Plan
- Funny, perhaps, but illogical
- Economists Take on Traffic Safety
- A New Survey of Economists
- Big Business joins the Pigou Club
- The Big Lie of 2008
- Economics Education Aboad
- Corporate insiders are bullish
- Recession probability rising
- The Pigou Club watches the debates
- Congratulations, Raj
- Blinder on Inequality and Trade
- Ben's Choice
- Rogoff: Time for a Carbon Tax
- Thanks to Jamie Galbraith
- Expert Coin Flippers
- The FairTax
- Bob Shiller as Financial Engineer
- Obamanomics
- Advice for New Orleans
- Fill in the blank...