Life cycle income profiles
Many economists and policymakers are worried about stagnating wages and rising inequality in the United States. However, available data pertains mostly to point-in-time measures with inadequate evidence on trends in lifetime earnings due to the scarcity of individual earnings histories over a sufficiently long period. In a paper in the American Economic Journal: Applied Economics, authors Fatih Guvenen, Greg […]
Πληθωρισμός: τώρα είναι διαφορετικά
Αντιγράφω επιστολή αναγνώστη στην Εκόνομιστ της 17 Νοεμβρίου 2022. Δεν φταίει η ζήτηση – μήτε και η ευνοϊκή μακροοικονομική πολιτική στον χρόνο της πανδημίας. Η διαμάχη καλά κρατεί. “It has been so long since we faced the inflationary effects of the oil crisis in the 1970s that I wonder if Friedmanite monetarist assumptions are now […]
Ronald Jones, a giant of international trade
Eric Bond 19 Nov 2022 https://cepr.org/voxeu/columns/ronald-jones-giant-international-trade Ronald Jones, who passed away in September 2022, was a giant of international trade. As this column by one of his former students explains, he played a central role in the development of general equilibrium models of international trade with perfect competition. He was also one of the first […]