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Blogs - Mar 2016

Some good news for International Women’s Day: Women are (usually) happier than men by Carol Graham
Tue, 2016-03-08 21:06

What's Up with Wage Growth? by Mary C. Daly, Bart Hobijn, and Benjamin Pyle
Wed, 2016-03-09 01:24
While most labor market indicators point to an economy near full employment, a notable exception is the sluggish rise of wages. However, this slow wage growth likely reflects recent cyclical and secular shifts in the composition rather than a weak labor market. In particular, while higher-wage baby boomers have been retiring, lower-wage workers sidelined during the recession have been taking new full-time jobs. Together these two changes have held down measures of wage growth.

The Politics Of Anger by Dani Rodrik
Tue, 2016-03-15 18:08

Perhaps the only surprise about the populist backlash that has overwhelmed many advanced democracies' politics is that it has taken so long. Even two decades ago, it could be predicted that mainstream politicians' refusal to offer remedies to the side effects of a hyper-globalized age would create political space for demagogues.

The End of Globalization? by Daniel Gros
Tue, 2016-03-15 18:21

China has just announced that last year, for the first time since it began opening up its economy to the world at the end of the 1970s, exports declined on an annual basis. And that is not all; in value terms, global trade declined in 2015.

World trade, 1800-2015 by Giovanni Federico, Antonio Tena-Junguito
Wed, 2016-03-16 01:27
Parallels are often drawn between the Great Recession of the past decade and the economic turmoil of the interwar period. In terms of global trade, these comparisons are based on obsolete and incomplete data. This column re-estimates world trade since the beginning of the 19th century using a new database that includes fewer developed countries. The effect of the Great Recession on trade growth is sizeable but fairly small compared with the joint effect of the two world wars and the Great Depression. However, the effects will become more and more comparable if the current trade stagnation continues.

The Habit Habit by John Cochrane
Tue, 2016-03-22 07:06

New paradigms in economic theory? Not so fast by Noah Smith
Tue, 2016-03-22 19:14

The Case for Reforming the Price of Water by David Lipton
Wed, 2016-03-23 07:10

Keynes’s General Theory at 80 by Robert Skidelsky
Wed, 2016-03-23 08:00

In 1936, John Maynard Keynes's magnum opus, The General Theory of Employment, Interest and Money, was published. How much of Keynes's theory, which revolutionized the way policymakers approached economic problems, still holds up?

The American Fascist by Robert Reich
Thu, 2016-03-31 05:44

Trump’s rise illustrates how democratic processes can lose their way by Larry Summers
Thu, 2016-03-31 05:51

The year of thinking dangerously by Scott Sumner
Thu, 2016-03-31 06:05

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