(April 10, 2016) There has been recent speculation that the Japanese authorities might intervene to push down the yen.
No, Japan Does Not Intervene in FX These Days
Stagnant Wages Do Not Explain Trump
(April 5, 2016) The mainstream media are busily reproaching themselves for having been so out of touch with the economic troubles of angry white working men that they were late in taking Donald Trump’s presidential campaign seriously.
Inequality: Diagnoses and Prescriptions
(March 25, 2016) Three things are striking about the rise in economic inequality since the 1970s in the United States. (1) It doesn’t really matter which measure of income distribution we choose; they all show a rise in inequality. (2) There are many different competing possible explanations and interpretations. (3) We do not need to agree on the explanation to agree on what are sensible policies to lessen inequality.