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Articles Written by: CHRIS DILLOW
In a letter to the FT, Martin Weale writes:
Fiscal policy should be run on the principle of saving up for the next crisis and our government should have saved the revenues associated with the financial boom and a buoyant housing market.
Is this true? ...
Via the NBER come two new papers on the effect on immigration.
First, Giovanni Peri shows (pdf), from looking across US states, that migrants are good for the economy:
We present three main findings, two of which are quite new in this literature. ...
Is the government spending too little? I know it sounds a silly question, but it’s the one raised by today’s public finance numbers.
My table shows what I mean. I’ve taken it from page 3 of today’s press release (pdf) and table 2.8 of the Budget 2009 ...
Joel Waldfogel’s provides the academic justification for the campaign to cancel Christmas. The gist of his argument will be familiar to anyone who knows his now-notorious paper, The Deadweight Loss of Christmas (pdf). Quite simply, we are worse at ...
I said yesterday that MPs should know their Bayes’ theorem. To see its usefulness, let’s apply it to the question: do the deaths of British troops show that the mission in Afghanistan is failing?
Bayes’ theorem lets us answer this if we know just two ...
The FT asks: what should MPs know? Its list of questions contains a glaring omission. I would ask: describe Bayes theorem, and discuss some common deviations from it.
The reason for asking this is simple. It is a cliché that MPs, and especially ...
The Tory Party is less popular than heroin. That - if anything - is the lesson from the Glasgow North East by-election result.
The Tories got 1075 votes. The best estimate (table 3 of this pdf) is that there are over 13,000 “problem drug users” in the ...
Wage inequality is falling. This is one message from yesterday’s Annual Survey of Hours and Earnings.
My table shows some measures of this. It shows the ratio of the 90th percentile of gross hourly wages for full-time workers to the 10th percentile. ...
Duncan has endorsed Keynes’ old proposal to maintain cheap and easy money, and so achieve “an increase in the volume of capital until it ceases to be scarce”.
I’m not sure this will work. We’ve tried something like it twice, and on both occasions it ...
Our economy is becoming increasingly feminized. That’s one message of today’s labour market figures.
These show that, over the last 12 months, male employment has fallen by a net 447,000 whilst female employment has dropped just 43,000 net. Thanks to ...
