Found 23 article(s) for author 'N. Gregory Mankiw'

Dynamic Scoring in Congress Is Defensible but Slippery

Dynamic Scoring in Congress Is Defensible but Slippery. N. Gregory Mankiw, February 28, 2015, Opinion. “How should Congress’s economists open a can of worms? Keith Hall, the new director of the Congressional Budget Office, is likely to be grappling with that odd question very soon.  Let’s start with some background. For the last six years, Douglas Elmendorf has been the director of the C.B.O. By my judgment, he has done a remarkable job of shepherding the institution through times that have been both economically and politically difficult. (Full disclosure: Mr. Elmendorf is a friend and former student of mine…Link

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Yes, r > g. So what?

Yes, r > g. So what?, N. Gregory Mankiw, November 24, 2014, Paper, Thomas Piketty’s book Capital in the Twenty-First Century captured the public’s attention in a way that few books by economists have. Though its best-seller status was a surprise, probably even to its author, it has the ingredients that foster wide appeal. The book addresses a pressing issue of the day in a manner that is learned, literary, speculative, provocative, and fascinating from beginning to end. While largely a work of economic history, it does not stop there. Piketty ultimately leads the reader to a vision of what the future may hold and advice about what policymakers should do about it. That vision is a dystopia of continually increasing economic inequality due to the dynastic accumulation of capital, leading to a policy recommendation of a steeply progressive global tax on wealthLink


How to Fix the Corporate Tax? Repeal It

How to Fix the Corporate Tax? Repeal It. N. Gregory Mankiw, August 24, 2014, Opinion. “‘Some people are calling these companies ‘corporate deserters.’ That is what President Obama said last month about the recent wave of tax inversions sweeping across corporate America, and he did not disagree with the description. But are our nation’s business leaders really so unpatriotic? A tax inversion occurs when an American company merges with a foreign one and, in the process, reincorporates abroad...” Link

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Why Inheritance Is Not a Problem

Why Inheritance Is Not a Problem. N. Gregory Mankiw, June 22, 2014, Opinion. “Is inherited wealth making a comeback? Yes, says Thomas Piketty, author of the best seller ”Capital in the Twenty-First Century.” Inherited wealth has always been with us, of course, but Mr. Piketty believes that its importance is increasing. He sees a future that combines slow economic growth with high returns to capital. He reasons that if capital owners save much of their income, their wealth will accumulate and be passed on to their heirs…” Link

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Defending the One Percent

Defending the One Percent. N. Gregory Mankiw, 2013, . “Imagine a society with perfect economic equality. Perhaps out of sheer coincidence, the supply and demand for different types of labor happen to produce an equilibrium in which everyone earns exactly the same income. As a result, no one worries about the gap between the rich and poor, and no one debates to what extent public policy should make income redistribution a priority. Because people earn the value of their marginal product, everyone has the appropriate incentive to provide the efficient amount of effort. The government is still needed to provide public goods, such as…”  Link verified March 28, 2014

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The Joseph L. Lucia Lecture Series presents Dr. N. Gregory Mankiw, “The Fiscal Challenges Ahead.”

The Joseph L. Lucia Lecture Series presents Dr. N. Gregory Mankiw: ,The Fiscal Challenges Ahead. N. Gregory Mankiw, November 1, 2012, Video. “The 24th Annual Joseph L. Lucia Lecture Series: 11/1.  The Joseph L. Lucia Lecture Series presents Dr. N. Gregory Mankiw, Robert M. Beren Professor of Economics and Chair of the Economics Department at Harvard University. Professor Mankiw is also a Research Associate at the National Bureau of Economic Research, and has been an advisor to the Federal Reserve Bank of Boston and the Congressional Budget Office, and a member of the ETS Test Development Committee for the…” Link

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An Exploration of Optimal Stabilization Policy

An Exploration of Optimal Stabilization Policy. N. Gregory Mankiw, Matthew Weinzierl, Spring 2011, Paper. “This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and flexible in the long run. Policy is evaluated by how well it raises the welfare of the representative household. Although the model has Keynesian features, its policy prescriptions differ significantly from those of textbook
Keynesian analysis. Moreover, the model suggests that the…” 

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Spreading the Wealth Around: Reflections Inspired by Joe the Plumber

Spreading the Wealth Around: Reflections Inspired by Joe the Plumber. N. Gregory Mankiw, March 2010, Paper. “This essay discusses the policy debate concerning optimal taxation and the distribution of income. It begins with a brief overview of trends in income inequality, the leading hypothesis to explain these trends, and the distribution of the tax burden. It then considers the framework that economists use to address the normative problem of designing tax systems. The conventional utilitarian approach is found to be wanting, as it leads to prescriptions that conflict with many individuals’ moral intuitions. The essay…” Link

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Imperfect Information and Aggregate Supply

Imperfect Information and Aggregate Supply. N. Gregory Mankiw, February 2010, Paper. “This paper surveys the research in the past decade on imperfect information models of aggregate supply and the Phillips curve. This new work has emphasized that information is dispersed and disseminates slowly across a population of agents who strategically interact in their use of information. We discuss the foundations on which models of aggregate supply rest, as well as the micro-foundations for two classes of imperfect information models: models with partial information, where agents observe economic conditions…Link

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