A NAWRU proposal Marco Fioramanti and I have strongly criticized the European Commission DG EcFin Output Gap working Group estimates of output gaps. I have also written a lot here at angrybearblog This topic is very important, because the output gaps are used to calculate cyclically corrected budget balances which are regulated by the Stability […]
Gimme shelter: the real cost of renting vs. homeownership What is the real cost of shelter? Over the last decade there has been lots of discussion of housing prices in isolation. Sometimes that discussion includes an inflation adjustment — which is problematic, since housing constitutes nearly 40% of the entire consumer price index, so in […]
I have been getting quite a few alerts on proposed changes happening behind the scenes with the ACA. I also found a couple of new places with some intelligent writers who have explained things in greater depth than what I knew. The CMS is proposing a rule allowing states greater authority in defining the ACA. […]
Everything Is Going Great, So Let’s Change It Well, the actual headline on the front page of the Washington Post below the fold today reads, “Economy shows strong growth, could provide GOP momentum.” The strong growth is the 3.0% annual growth rate of GDP in the third quarter (supported by a strong stock market), with […]
A Serious Misreading of Coase Corey Robin is very insightful about a lot of things. I think his take on conservatism, that the thread running through it is opposition to attempts to demolish pre-existing hierarchies, explains ideological twists and turns that would otherwise remain mysterious. Don’t take this post as an expression of anti-Robinism. But […]
Marxism-Leninism In China Update The once-every five years Chinese Communist Party conference is now over. It appears that Xi Jinping has not identified an heir to himself as his two predecessors did at the time of this equivalent meeting during their presidencies. Furthermore, unlike either of them, Xi has joined Mao and Deng Xiaoping in […]
Top marginal taxation and economic growth by Santo Milasi and Robert Waldmann has (finally) been published here in Applied Economics ABSTRACT The article explores the relationship between top marginal tax rates on personal income and economic growth. Using a data set of consistently measured top marginal tax rates for a panel of 18 OECD countries […]
Everyone is reporting a 2018 Budget has been passed. Tucked away inside the 2018 Budget is a Tax Reform Resolution which allows the House to write the bill. The House has passed the Senate Tax Reform Budget Resolution creating a $1.5 trillion deficit with a 216-212 vote. What this means in the Senate is a […]
(Dan here..lifted from 2010 Angry Bear postings and still centrally relevant. More to be posted) A Proposed Bet for Professors Bryan Caplan and David R. Henderson by Mike Kimel A Proposed Bet for Professors Bryan Caplan and David R. Henderson (and Anyone Else Who Believes Lower Taxes Generate Faster Economic Growth) Cross posted at the Presimetrics blog. Professors […]