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Blog Profile / Greg Mankiw's Blog

Filed Under:Business & Finance / Economics
Posts on Regator:2390
Posts / Week:6.9
Archived Since:June 7, 2008

Blog Post Archive

Some ACA Readings

Kate Ho and Ariel Pakes Chuck Blahaus James Capretta


Sorry that I have been out of touch with regular blog readers. I have moved to Nantucket for the summer, and the weather here has been too great to spend much time in front of a keyboard. (The three best reasons to be a professor: June, July, and August.)The past few days I have been attending the Nantucket Film Festival. Show More Summary

On Inherited Wealth

Click here to read my column in Sunday's NY Times.

How much has the Affordable Care Act reduced potential GDP?

The Affordable Care Act added "about six percentage points to the marginal tax rate faced, on average, by workers in the economy." So estimates the University of Chicago economist Casey Mulligan. Given that labor income was already taxed by income and payroll taxes, that figure indicates the return to working fell by about 10 percent. Show More Summary

Almost back to (the new) normal?

Torsten Slok of Deutsche Bank Research sends along the above graphic. At face value, it indicates the labor market is almost back to normal. If so, this fact suggests that the Fed may soon need to back off its policy of near zero interest...Show More Summary

Retire the Penny

My long-time readers know that I have long favored getting rid of the penny. If you agree, you can now let the White House know via this petition.

From the Harvard Class of 2009

A video for their 5th year reunion, featuring a couple of econ profs.

More Piketty Readings

Jim Hamilton Per Krusell and Tony Smith James Galbraith

The FT takes on Piketty

The Financial Times headline: Piketty findings undercut by errors.

David Autor on Inequality

From a recent interview of the MIT economist: Q. You are focused on inequality among the so-called “99 percent,” not between the 1 percent and the 99 percent. Why? A. There’s a real national debate about the significance and causes of inequality. Show More Summary

Improving Econ 101

Noah Smith says introductory economics needs to be more empirical. I understand his argument, and have some sympathy with it, but I wonder if the substantial change he seems to be proposing is practical. Economists usually do empirical work with statistical tools that most college freshmen have not yet learned. Show More Summary

In Inequality Back to the 1920s Level?

Not really, says Gary Burtless, though some pundits would have you think otherwise.

A Defense of High Frequency Traders

By Cliff Asness et al. Very cogent, in my view. The bottom line: In summary, we don't believe HFT profits are excessive or excessively consistent. We censure illegal front running as strongly as anyone, but it has near nothing to do with HFT per se. Show More Summary

More on Piketty

A comment that questions the historical trends in the capital-income ratio. A comment that questions the proposed tax on wealth.

Summers on Piketty

One of the best reviews of the book I have seen.

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