Growthpolicy Exclusives: Interviews with Harvard Faculty on Jobs, Inequality & Preventing the Next Financial Crisis. Link

Growthpolicy Exclusives: Interviews with Harvard Faculty on Jobs, Inequality & Preventing the Next Financial Crisis: * Alberto Alesina (July 2018) * Ed Glaeser (July 2018) * Meg Rithmire (June 2018) * Jonathan Zittrain (June 2018) * Shane Greenstein (May 2018) * Annette Gordon-Reed (May 2018) * Rafael Di Tella (April 2018) * Kenneth Rogoff (April 2018) * […]

Taxation and Innovation in the 20th Century. Tom Nicholas, Stefanie Stantcheva, September 2018, Paper, “This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth century. We use three new datasets: a panel of the universe of inventors who patent since 1920; a dataset of the employment, location and patents of firms active in R&D since 1921; and a historical state-level corporate tax database since 1900, which we link to an existing database on state-level personal income taxes. Our analysis focuses on the impact of taxes on individual inventors and firms (the micro level) and on states over time (the macro level).Link

Tags: , , , , ,

Trade Shifts Pollution More than Regs Shift Trade. Joseph Aldy, September/October 2018, Paper, “Burning coal to power manufacturing
contributes to premature mortality in the United States and in developing countries alike. Despite stringent environmental regulations, U.S. coal-fired power plants still cause tens of thousands of early deaths each year. Any factor that causes manufacturing activity to shift from the United States to other countries can also shift the demand for coal-fired power — and its pollution — to these other countries.Link

Tags: , , , , , , ,

Can Trade Agreements Be a Friend to Labor? Dani Rodrik, September 14, 2018, Opinion, “To date, labor clauses in trade agreements have remained a fig leaf, neither raising labor standards abroad nor protecting them at home. Real change would require a significantly different approach, including how trade agreements uphold and enforce workers’ rights.Link

Tags: , , , , ,

Responding to the Global Financial Crisis, What We Did and Why We Did It – The Fiscal Response to the Great Recession: Steps Taken, Paths Rejected, and Lessons for Next Time. Jason Furman, September 11, 2018, Paper, “The fiscal response to the Great Recession started when President Bush signed the Economic Stimulus Act of 2008 on February 13, 2008 and finished when the payroll tax cut enacted under President Obama expired at the end of 2012. Congress enacted at least 18 different laws that explicitly included discretionary fiscal stimulus totaling over $1.5 trillion during those five years, with about half of that coming from the American Recovery and Reinvestment Act signed into law by Obama on February 17th 2009.2LInk

Tags: , , , , , ,

Dodd-Frank regulations good and bad for financial system, Harvard director says. Hal Scott, September 11, 2018, Video, “Hal Scott, director of the program on International Financial Systems at Harvard Law School, and Sebastian Mallaby, the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations, discuss what triggered the financial crisis in 2008 and if we are safe from another.Link

Tags: , , , , ,

What Happens After China Surpasses the U.S. Economy. Bloomberg Opinion Radio. Noah Feldman, September 7, 2018, Audio, “Hosted by June Grasso. Guests: Sarah Halzack, Bloomberg Opinion columnist: “Nike’s Kaepernick Campaign Is Worth the Risk.” Joe Nocera, Bloomberg Opinion columnist: “Weakened Unions Explain the Lack of Wage Gains.” Daniel Moss, Bloomberg View economics editor and columnist: “What Happens After China Surpasses the U.S. Economy.” Noah Feldman, Professor at Harvard Law and Bloomberg Opinion columnist: “In America, the Press Is Free to Bury the News.” Nathaniel Bullard, energy analyst and Bloomberg View columnist: “Electric Vehicles’ Day Will Come Suddenly.”Link

 

 

 

 

Tags: , , , , ,

Crash Time. Kenneth Rogoff, September 7, 2018, Opinion, “A decade after the collapse of Lehman Brothers and the start of the global financial crisis, it is clear that many lessons have been learned, while many economic misconceptions remain embedded in the public consciousness. If economic history teaches us anything, it is to be mindful of our own limitations in a world of infinite uncertainties.Link

Tags: , , ,