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Mitt joins the Pigou Club
tag:blogger.com,1999:blog-24784288.post-2403687156168320526 2022-12-20T11:23:00.001-05:00 2022-12-20T11:23:43.046-05:00 Mitt joins the Pigou Club <iframe width="360" height="240" src="https://www.youtube.com/embed/5MpVcjPRBpg" title="YouTube video player" frameborder="0" allow="accelerometer; autopl
Government Debt and Capital Accumulation in an Era of Low Interest Rates
tag:blogger.com,1999:blog-24784288.post-7507536479407681658 2022-12-12T16:03:00.003-05:00 2022-12-12T16:03:54.820-05:00 Government Debt and Capital Accumulation in an Era of Low Interest Rates <p>My recent paper for Brookings is now published. You can access the final version <a href="https://w
Links Regarding Ukraine
tag:blogger.com,1999:blog-24784288.post-1506039328803572215 2022-02-26T10:56:00.000-05:00 2022-02-26T10:56:31.042-05:00 Links Regarding Ukraine <p> 1. <a href="https://www.youtube.com/watch?v=p-zilnPtZ2M" target="_blank">A powerful speech by Ukraine's president</a>.</p><p>2. <a href="https://vo
My Heart is Breaking
tag:blogger.com,1999:blog-24784288.post-8556161725729867920 2022-02-25T21:59:00.000-05:00 2022-02-25T21:59:33.465-05:00 My Heart is Breaking <p>I was born in New Jersey, grew up in New Jersey, and have spent most of adult life in Massachusetts, but I have always felt a kinship with Ukraine. All four
Monetary Wisdom from Milton Friedman
tag:blogger.com,1999:blog-24784288.post-9196654020402509683 2022-10-13T04:08:00.000-04:00 2022-10-13T04:08:25.869-04:00 Monetary Wisdom from Milton Friedman <p>From his famous AEA presidential address, still relevant more than a half century later:</p><p></p><div class="separator" style="clear: both
Take Me Out
tag:blogger.com,1999:blog-24784288.post-2421290846543648917 2022-06-12T21:25:00.000-04:00 2022-06-12T21:25:01.732-04:00 Take Me Out <p>I am so happy that my college roommate's play <i><a href="https://en.wikipedia.org/wiki/Take_Me_Out_(play)" target="_blank">Take Me Out</a></i> just won the Tony Awa
POTUS accepts responsibility for inflation
tag:blogger.com,1999:blog-24784288.post-7247617627980951879 2022-11-02T08:20:00.000-04:00 2022-11-02T08:20:32.664-04:00 POTUS accepts responsibility for inflation <div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjzwVd94ivFa5y1
Econ Teaching Conference
tag:blogger.com,1999:blog-24784288.post-8031577561160742133 2022-09-13T17:06:00.000-04:00 2022-09-13T17:06:45.466-04:00 Econ Teaching Conference <p><span style="font-family: inherit;">I will be speaking at he 18<sup>th</sup> Annual Economics Teaching Conference sponsored by the National Economics Te
An Inflation Puzzle
tag:blogger.com,1999:blog-24784288.post-7593383798730283137 2022-05-06T12:44:00.001-04:00 2022-05-06T12:45:17.743-04:00 An Inflation Puzzle <p>A common story about the recent inflation surge in the United States--especially among members of Team Transitory--is that the surge is largely due to global
The Parent Trap
tag:blogger.com,1999:blog-24784288.post-6708860619682932757 2022-07-19T12:26:00.001-04:00 2022-07-19T12:41:43.687-04:00 The Parent Trap <p></p><div class="separator" style="clear: both;"><span style="text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="https://
Market Power in Neoclassical Growth Models
tag:blogger.com,1999:blog-24784288.post-1513140659175155151 2022-05-24T12:53:00.002-04:00 2022-10-03T12:44:32.407-04:00 Market Power in Neoclassical Growth Models <p>My paper with the above title, coauthored with Larry Ball, is now forthcoming in <i>The Review of Economic Studies</i>. You can f
Piketty in Brief
tag:blogger.com,1999:blog-24784288.post-5932579067240304806 2022-07-24T12:57:00.000-04:00 2022-07-24T12:57:10.063-04:00 Piketty in Brief <p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilGtxVI9nVPwHKz_ZrWJeGYV
My Latest
tag:blogger.com,1999:blog-24784288.post-5346699518240911515 2022-05-05T13:26:00.002-04:00 2022-05-05T13:26:34.340-04:00 My Latest <p><a href="https://scholar.harvard.edu/files/mankiw/files/government_debt_and_capital_accumulation_may2022_updated.pdf" target="_blank">Click here</a> to read my new wor
Noteworthy research on recent inflation
tag:blogger.com,1999:blog-24784288.post-8658021118170023100 2022-08-21T02:54:00.001-04:00 2022-08-21T03:01:24.078-04:00 Noteworthy research on recent inflation <p><a href="https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2022/firming-up-price-inflation.pdf" target="_blank">This paper<
Paul Krugman may be right
tag:blogger.com,1999:blog-24784288.post-7873295620891781994 2022-10-01T10:53:00.002-04:00 2022-10-01T16:56:18.412-04:00 Paul Krugman may be right <p>When I was young, Paul Krugman was one of my favorite economists, and I would try to read everything he wrote (which was a lot!). At some point, howeve
Government Debt and Capital Accumulation in an Era of Low Interest Rates
tag:blogger.com,1999:blog-24784288.post-88186269528513937 2022-03-25T19:44:00.004-04:00 2022-03-25T19:48:03.683-04:00 Government Debt and Capital Accumulation in an Era of Low Interest Rates I spoke at a Brookings panel today on the topic in the title of this post. Here you can watch my presentation
Eric Budish on Cryptocurrencies
tag:blogger.com,1999:blog-24784288.post-206047531503385165 2022-11-14T10:42:00.003-05:00 2022-11-14T10:42:46.832-05:00 Eric Budish on Cryptocurrencies <p>Last week, Eric Budish of the University of Chicago gave a great lecture on cryptocurrencies at Harvard. You can watch it <a href="https://harvard
Mr. Pigou, Meet Mr. Putin
tag:blogger.com,1999:blog-24784288.post-6395093112079071023 2022-03-14T20:08:00.002-04:00 2022-03-15T07:33:59.095-04:00 Mr. Pigou, Meet Mr. Putin <p><a href="https://www.project-syndicate.org/commentary/case-for-punitive-tax-on-russian-oil-by-ricardo-hausmann-2022-02" target="_blank">Harvard's Ricar
Webinar: New edition preview
tag:blogger.com,1999:blog-24784288.post-1036417896427046487 2022-10-13T15:20:00.000-04:00 2022-10-13T15:20:28.284-04:00 Webinar: New edition preview <p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEit7ErKE7boPq-yMbwwF5G
Webinar Tomorrow
tag:blogger.com,1999:blog-24784288.post-8605484086647563762 2022-03-30T12:19:00.001-04:00 2022-03-31T06:51:12.540-04:00 Webinar Tomorrow <p>Tomorrow, I will be giving a webinar on the 40-year decline in real interest rates. If you are interested, <a href="https://go.macmillanlearning.com/register-2
A New Adoption
tag:blogger.com,1999:blog-24784288.post-5259161387762860409 2022-10-03T22:41:00.001-04:00 2022-10-03T22:41:59.723-04:00 A New Adoption <p>I appreciate every new adoption of one of my textbooks, but this one, facilitated by my publisher Cengage at the request of my friend Patrick Moynihan of the Hait
A Great Question
tag:blogger.com,1999:blog-24784288.post-2104501444233776215 2022-03-12T12:18:00.000-05:00 2022-03-12T12:18:15.213-05:00 A Great Question <p><a href="https://twitter.com/JonSteinsson/status/1502502699258032132" target="_blank"> ...from Jon Steinsson</a>:</p><p><span style="background-color: whit
The Inflation Impact of the Inflation Reduction Act
tag:blogger.com,1999:blog-24784288.post-5608768395919774265 2022-08-05T02:11:00.000-04:00 2022-08-05T02:11:20.082-04:00 The Inflation Impact of the Inflation Reduction Act <p><a href="https://www.cbo.gov/system/files/2022-08/58357-Graham.pdf" target="_blank">According to CBO</a>:</p><p><span style="
Three Reasons Why a Gas Tax Holiday is a Bad Idea
tag:blogger.com,1999:blog-24784288.post-170445357213450857 2022-06-21T14:43:00.003-04:00 2022-06-21T14:43:57.999-04:00 Three Reasons Why a Gas Tax Holiday is a Bad Idea <p>News reports say the President Biden may propose a temporary reduction in the gasoline tax, and Secretary Yellen over the weeken
Surprising Fact about Inequality
tag:blogger.com,1999:blog-24784288.post-7294761128522691502 2022-09-28T15:41:00.001-04:00 2022-09-28T15:41:44.462-04:00 Surprising Fact about Inequality <p><span style="font-family: inherit; font-size: medium;"><span style="background-color: white;">"</span><span style="background-color: white; colo
Is my book that dangerous?
tag:blogger.com,1999:blog-24784288.post-773067331884873245 2022-11-08T02:32:00.001-05:00 2022-11-08T02:33:56.893-05:00 Is my book that dangerous? <p> I don't agree with the sentiment, but I appreciate the humor.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="
Why I fear the Fed may be overdoing it
tag:blogger.com,1999:blog-24784288.post-7301520456350162368 2022-10-19T17:00:00.002-04:00 2022-10-22T04:54:16.750-04:00 Why I fear the Fed may be overdoing it <p>I thought I might explain <a href="http://gregmankiw.blogspot.com/2022/10/paul-krugman-may-be-right.html" target="_blank">my fear</a> that