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David Brooks gets it right today about the debate over healthcare reform. The fundamental question is, Do Americans want a more robust social safety net at the cost of much higher marginal tax rates, reduced work incentives, and a smaller economic pie? From a strictly economic perspective, ...
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From Harvard's Alberto Alesina and Silvia Ardagna : We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimuli and in that of fiscal adjustments in OECD countries from 1970 to 2007. Fiscal stimuli based upon tax cuts are more likely to increase ...
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Alberto Alesina
Gross Domestic Product
Every year, one of the most popular guest speakers in ec 10 is David Laibson, who gives students a clear and compelling introduction to behavioral economics. David is giving that lecture today at noon in Sanders Theater. If any other Harvard students want to attend, feel free. (If any other ...
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Harvard University
Readers seemed to enjoy my recent post of an introductory economics problem. Here is a new one for you. (I won't post the answer, so instructors can assign the problem as homework.) The town of Wiknam has 5 residents whose only activity is producing and consuming fish. They produce fish in two ...
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gregmankiw.blogspot.com - 7 days ago
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gregmankiw.blogspot.com —
Chapter 2 of my favorite textbook has a
box on David Romer's work on 4th down strategies
in football. One fan of this work is Patriots' coach bill Belichick, who recently applied Romer's analysis. Click here to learn more . It did not work out well in ...
(more)
Bill Belichick
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CrossingWallStreet.com
found this 7 days agofound this
Keith Hennessey summarizes the actuary's report on the House healthcare reform bill: • The bill would mean almost 30 M new people in government-run insurance, more than four times as many as would be newly insured through private coverage. • By far the largest effect of the bill would be ...
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If you are an econ grad student on the job market this year, click here . Everyone else: Never mind.
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gregmankiw.blogspot.com - 8 days ago
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gregmankiw.blogspot.com —
Here are some basic principles of supply and
demand: If a government policy increases the demand for
a service, the price of that service tends to rise. If the government prevents prices from rising, shortages develop. Those principles lie behind this ...
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Supply, Demand, and Healthcare Reform
A student alerts me to this story about Dutch policy to internalize externalities: The Dutch government said Friday it wants to introduce a "green" road tax by the kilometre from 2012 aimed at cutting carbon dioxide emissions by 10 percent and halving congestion. "Each vehicle will be ...
Stocks
Gap Inc.
Gene Steuerle of the Urban Institute on the maze of incentives embedded in the pending health reform bill .
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gregmankiw.blogspot.com - 12 days ago
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gregmankiw.blogspot.com —
Chapter 20 of my favorite textbook has a
section on antipoverty programs and work incentives. One basic
point is that when multiple income-based programs are piled on top on one another, the implicit marginal tax rate can reach or even exceed 100 ...
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The Poverty Trap
A student emailed me today looking for additional practice problems to help him prepare for tests in his introductory economics course. Where did I send him? To the Study Guide prepared by David Hakes to accompany my favorite textbook.
