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: * Annette Gordon-Reed (May 2018) * Rafael Di Tella (April 2018) * Kenneth Rogoff (April 2018) * Geoffrey Jones (April 2018) * Michael Norton (March 2018) * George Serafeim (March 2018) * James Engell (February 2018) * Max Bazerman (February […]

Annette Gordon-Reed on inequality, Thomas Jefferson in the twenty-first century, and the future of the U.S. Constitution May 2018. GrowthPolicy’s Devjani Roy interviewed Annette Gordon-Reed, the Charles Warren Professor of American Legal History at Harvard Law School and Professor of History in the Faculty of Arts and Sciences at Harvard University, celebrated Thomas Jefferson biographer, […]

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Venezuela Has a Refugee Crisis Of Syrian Magnitudes. Ricardo Hausmann, May 21, 2018, Audio, “Ricardo Hausmann, Harvard economist and Former Minister of Planning for Venezuela, discusses Venezuela’s elections and economic outlook.Alan Bjerga, agriculture reporter for Bloomberg, on how the agriculture sector is hurting from GOP policies on trade, NAFTA, and the rejection of farm legislation in the House.Travis Briggs, CEO of ROBO Global, on investing in robotics, automation and AI. Brooke Sutherland, Industrials and Deals columnist for Bloomberg Opinion, on GE merging its century-old locomotive business with Wabtec Corp. in a deal valued at $11.1 billion.Link

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Don’t Get Distracted by the Trade Deficit With China. Jason Furman, May 20, 2018, Opinion, “Trade negotiations with China are grinding forward, but Beijing now appears to have rebuffed the Trump administration’s top demand. The White House has pushed the Chinese to reduce their bilateral trade surplus with the U.S. by $200 billion. Although they have made some vague commitments to increase American imports, it has become clear these …Link

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Redistribution Without a Median Voter: Models of Multidimensional Politics. Torben Iversen, May 2018, Paper, “Most work on redistribution in democracies is anchored in long-standing unidimensional models, notably the seminal Meltzer-Richard-Romer model. When scholars venture outside the security of unidimensionality, many either abandon theoretical rigor or miss the full consequences of adding more dimensions (whether ideological or economic). There is now a substantial literature on redistributive politics in multidimensional policy spaces, but it tends to be very technical and frequently misinterpreted, if not ignored. This purpose of this article is to review this relatively new literature using simple graphical representations,Link

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Bloomberg Opinion Radio: Weekend Edition. Noah Feldman, May 18, 2018, Audio, “Bloomberg Opinion Weekend Edition hosted by June Grasso. Guests: Max Nisen, Bloomberg Opinion columnist: “Look in the Mirror for a Reason Drug Prices Are High.” Noah Feldman, Harvard Law School professor and Bloomberg Opinion columnist: “Sports Betting Is a Victory for States’ Rights.” Liam Denning, Bloomberg Opinion columnist: “California Puts Solar on the Roof and Up For Grabs.” Joe Nocera, Bloomberg Opinion columnist: “How Tom Wolfe’s Perspective Changed Magazines.” Mary Duenwald, Bloomberg Opinion editor: “Tax Sugar-Sweetened Drinks to Help Fight Obesity.” Link

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Normalizing Monetary Policy. Martin Feldstein, Spring/Summer 2018, Opinion, “The current focus of Federal Reserve policy is on “normalization” of monetary policy—that is, on increasing short-term interest rates and shrinking the size of the Fed’s balance sheet. Short-term interest rates are exceptionally low, and the Fed’s balance sheet has exploded from $800 billion in 2008 to $4.4 trillion now.Link

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Job Vacancies and Immigration: Evidence from Pre- and Post-Mariel Miami. George Borjas, May 2018, Paper, “How does immigration affect labor market opportunities in a receiving country? This paper contributes to the voluminous literature by reporting findings from a new (but very old) data set. Beginning in 1951, the Conference Board constructed a monthly job vacancy index by counting the number of help-wanted ads published in local newspapers in 51 metropolitan areas. We use the Help-Wanted Index (HWI) to document how immigration changes the number of job vacancies in the affected labor markets. Our analysis begins by revisiting the Mariel episode.Link

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