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Blog Profile / Greg Mankiw's Blog

Filed Under:Business & Finance / Economics
Posts on Regator:2341
Posts / Week:7.2
Archived Since:June 7, 2008

Blog Post Archive

Too Little Faith in People, Tax Policy Edition

Paul Krugman responds to my post about a recent column of his. He is correct that not all economists agree that low capital taxation is desirable; he appropriately cites Diamond and Saez, who are on the high-capital-tax side of this debate. Show More Summary

Not Class Warfare, Optimal Taxation

Today's column by Paul Krugman is classic Paul: It takes a policy favored by the right, attributes the most vile motives to those who advance the policy, and ignores all the reasonable arguments in favor of it.In this case, the issue is the reduction in capital taxes during the George W. Show More Summary

Measuring Slack in the Phillips Curve

According to a new paper coauthored by Alan Krueger, the short-term unemployment rate works better than the standard unemployment rate in explaining changes in inflation, and according to this measure, the economy was about at its NAIRU in 2013. This finding is related to issues I discussed in a recent Times column. Here is a relevant graph from the Krueger paper.

How to Win a Billion Dollars

Quicken Loans will pay you a billion dollars if you fill out perfect bracket for the NCAA men's basketball tournament. But given the odds, the expected value is still less than a penny.

In choosing whether to major in econ, women respond more to grades than men

This chart shows the percentage of male and female students who received a given grade in introductory economics course who then later majored in economics. Source.


The new Economic Report of the President is available here.

The Divide over Market Efficiency

Here is a great article about Eugene Fama, Robert Shiller, and the debate over the informational efficiency of financial markets.

Gauging Mobility

I agree with the main point of Paul Krugman's latest blog post: When thinking about the welfare of a typical person in society, income inequality is more important than mobility. But this sentence struck me as more wrong than right:Show More Summary

Superstars and Niche Products

Robert Frank has a great article in today's NY Times about how technology is changing the return to talent. I think he is focused on a key issue. A lot of the longer-term trends we see in the economy are driven mostly by changes in technology,...Show More Summary

The Draft

University of Chicago's Allen Sanderson discusses the economics and political economy of conscription.As for my view: I find it hard to imagine that I would ever endorse the reinstatement of the draft, not so much for economic reasons, but out of respect for individual liberty.

CBO on a Minimum-Wage Hike

From a new report: Once fully implemented in the second half of 2016, the $10.10 option would reduce total employment by about 500,000 workers....The increased earnings for low-wage workers resulting from the higher minimum wage would total $31 billion, by CBO’s estimate. Show More Summary

CEOs are paid for performance

In response to my recent article, some commentators (like this one) are prone to say, "Sure, actors, authors, and athletes deserve their good fortune, because they get paid well only if they produce, but hefty CEO pay is unfair because...Show More Summary

On the Iron Men of Wall Street

Commenting on my recent column, Paul Krugman wonders if I somehow missed the financial crisis of the past few years. He seems to think the crisis proves that the titans of Wall Street earn much more than the value of their contributions. Show More Summary

On Stanley Fischer

Wellesley College's Joe Joyce reviews Stan's qualifications to be the Fed's Vice Chair.

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