Sunday, January 13, 2013

What Am I Reading

A few more quick interesting reads:

- If you've been wondering whether the move-to-chain regarding the CPI as related to social security benefits lacks transparency and doesn't add up, the NYT has a comprehensive editorial explaining what's wrong.

- Jeffrey Sachs takes the WSJ to task for (yawn!) a lack of accuracy. And that would be an understatement, I'd prefer clever and intentional manipulation of facts to present falsified information - or something to that tune at least.

- This is Charles Evans's speech at the Asian Financial Forum in Hong Kong on Monetary Policy at the Zero Lower Bound. More Fedspeak

- John Plender reviews Gary Gorton's "Misunderstanding Financial Crises".
No, I haven't read it yet.
Yes, I want to.
It's 3rd or 4th on my list after Lords of Finance.
No, I haven't read that yet either!

- Read about Josh Angrist's really interesting story here - "Yet if Angrist’s CV bears the markings of an academic star—PhD from Princeton, first job at Harvard, and a named chair at MIT, where he is the Ford Professor of Economics—his life could have been very different. Angrist left high school after the 11th grade, having completed the bare minimum of coursework needed to graduate. He took time off before deciding to go to college, dropped out of grad school, and then served in the Israeli army before pursuing a PhD in economics." 

- Okun's Law may not be as universal as that gravity law but it's standard and stable by macroeconomic standards. It's rare to call an economic relationship a "law" but Okun's has earned its name. Here's a guest post from Econbrowser from Ball, Leigh (Blanchard's multiplier co-author) and Loungani.

- And lastly, RIP Aaron Swartz.

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