by Mike Kimel Peter Diamond, Emmanuel Saez, Paul Krugman and Me!! Looking at Optimal Tax Rates Via Paul Krugman, I learned of this paper by Peter Diamond and Emmanuel Saez. Diamond, of course, is a Nobel Laureate. I will be shocked if Saez isn’t one too in ten or fifteen years. Long story made very […]

By Mike Kimel The Gold Index, April 1933 – February 1934, Courtesy of Scott Sumner I’ve been having a bit of a back and forth with Scott Sumner of The Money Illusion over the degree to which monetary policy, in particular the devaluation of the dollar, affected the economy in 1933. (My most recent post […]

by Mike Kimel Scaling to New Depths* with Scott Sumner I’ve been having a bit of back and forth with Scott Sumner. Here is his latest post, helpfully entitled: “A suggestion for Mike Kimel.” His key suggestion: “Please take a close look at the data from the Great Depression, before doing more posts claiming I […]

by Mike Kimel Scott Sumner Digs Deeper Scott Sumner criticizes my most recent post in which I indicate that Keynesian theory explains growth rates during the New Deal era better than theories proposed by monetarists. He starts by criticizing this, which I wrote in my earlier post. Aggregate demand was very slack when FDR took […]

by Mike Kimel The Kimel Curve and the Kitchen Sink, Part 2: The Reagan Era to the Present I often post about the relationship between the top marginal tax rate and economic growth, which I’ve noted can be described this way: % change in real GDP from t to t+1 = a + b*Top Marginal […]

Noted for the record: author Piaw Na reviews Mike Kimel‘s Presimetrics at Piaw’s Blog: This is a great book to read if you’ve got a statistical bent and are willing to follow the data rather than your pre-conceived notions….Many people like to say that they’re data-driven, but most people actually have prejudices that lead them […]

by Mike Kimel Recently I had the opportunity to speak to Professor David Cohen’s class on the US Presidency in the Political Science department at the University of Akron. My talk was structured around three questions involving some extremely simple recent economic history. None of the questions were trick questions. The questions appear below. — […]

by Mike Kimel [UPDATE: Graphic title corrected below. h/t Eric Whitaker] This post is the seventh in a series that looks at the relationship between real economic growth and the top individual marginal tax rate. The first looked at the period from 1901 to 1928, the second from 1929 to 1940, the third from 1940 […]

by Mike Kimel Speaking Engagement If anyone is in the Akron, Ohio area and has any interest, I will be giving a guest lecture at David Cohen’s American Presidency class on Monday Sept. 19. The class runs from 12:05-12:55 in Leigh Hall 510. I’ll be talking about Presimetrics, the book I co-authored with Michael Kanell. […]

by Mike Kimel The Effect of Individual Income Tax Rates on the Economy, Part 6: 1981 – 1993 This post is the sixth in a series that looks at the relationship between real economic growth and the top individual marginal tax rate. The first looked at the period from 1901 to 1928, the second from […]