Nobel Laureate Edmund Phelps on What Makes Nations Prosper
These remarks were delivered on May 8, 2024 at The Austin Symposium.
Economic Dynamism
The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
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The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
Demystifying the New Deal
Carola Binder reviews False Dawn: The New Deal and the Promise of Recovery, 1933–1947 by George Selgin
Why Is California Losing Good Jobs to Other States? It’s Not Rocket Science
The system that made California dynamic and prosperous for so long is now broken and backward-looking
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Open the Budget Scoring Black Box
Models that drive trillion-dollar decisions should not be treated like state secrets.
State Capitalism with MAGA Characteristics
The notion of government “partnering” with industry isn’t new, and it ends with taxpayers on the hook, politicians dictating corporate strategy, and competitiveness compromised.
