It would be better for everyone if it doesn't hold in the future. With the massive widening in corporate-bond spreads last fall, the economists' model predicts industrial production will fall another 17% by the end of the year, and the economy will lose another 7.8 million jobs on top of the 5.1 million it has shed since the recession began. Ouch.
- Glen Weyl: Price Theory and Market Design Fall 2013(2015.12.19)
- Inputs in the Production of Early Childhood Human Capital: Evidence from Head Start(2014.11.03)
- Great Teachers: How to Raise Student Learning in Latin America and the Caribbean(2014.09.17)
- On Piketty(2014.05.29)