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Globalising the universityZUBIN JELVAH links to a new piece of research by Caroline Hoxby, which examines changes in university selectivity over time. Ms Hoxby finds that over the last 50 years or so, the most selective schools have gotten much more selective, while less selective schools have actually become less selecti... |
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Home sales downNOT a good number for new home sales in September. After increasing steadily through the year (and seemingly approaching the first year-over-year increase since 2005) new home sales dropped 3.6% last month. Bloomberg notes that sales recorded in September might not close until after the housing t... |
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Beer, and real exchange ratesDISCUSSING how exchange rate shifts facilitate macroeconomic adjustment, Paul Krugman recently wrote:[D]eflation is hard (ask Spain), because prices are sticky in nominal terms. How do we know that? Lots of evidence. See, for example, A Sticky Price Manifesto by Larry Ball and some guy named Mank... |
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Rethinking the Great ModerationSTEVE WALDMAN has a fascinating post up today providing a framework for thinking about recent changes in patterns of consumption, investment, and business cycles. The story goes like this: before the Great Moderation, broad-based economic growth meant that economic gains largely accrued to worker... |
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Bill Gross's spooky bond missiveBUTTONWOOD has a post up discussing Bill Gross's latest letter, which covers the extent to which assets appear to be overvalued, based on serious overperformance across the last 50 years (and especially the last 30 years). Buttonwood's post begins:More on the distinction between real and financia... |
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Today in futurismTYLER COWEN receives questions:What will applied economics research be like in 50 years? I spend a huge amount of time gathering, cleaning, and organizing data. I spend a lot of time writing code to do analysis. Will this become unnecessary? Will I just be able to say to my computer "Check i... |
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