Archive for February 10th, 2012

A reading list on macroeconomics

February 10, 2012

Ajay Shah on his blog (along withThomas Laubach)  lists papers/books one should be reading to understand macro..

Economics is a rich and fascinating subject. But all too often, the teaching process forces young people in the field to look at the tail of the elephant, to think about macroeconomics as the game of solving dynamic models. There is actually much more going on. (On a related note, you might like to see Books that should be read before starting a Ph.D. in economics on this blog, 18 May 2011).

In this blog post, we walk through the evolution of the key ideas in historical order, and offer suggestions to interesting readings, which will help you see the fuller picture. Many of them are on your reading list, but some are not.

A nice list. Thigh there should be some more papers summarising history of the macro thought..


Impact of crisis on marriage markets…

February 10, 2012

One central theme which has emerged recently is rising inequality across the world. The haves and getting richer and have-nots not as much. The result is rising inequality. This has been happening for a while but it took this  crisis to point to this disturbing trend. And of course the crisis has made things even worse with most people getting effected at middle and lower income quintiles.

Now to the title of the post. Michael Greenstone and Adam Looney of Brookings write this superb note on how the crisis has led to a further decline in marriage rates in US:


Five books on public economics/finance

February 10, 2012

Jonathan Gruber of MIT picks his five books to read on public finance.  Gruber advised the Romney administration on the Massachusetts healthcare reform of 2005 and the Obama administration on the Affordable Care Act of 2010.

What does one mean by public economics?


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