Links for February, 2012


Links for 2012-02-27
by Mark Thoma, in Economist’s View
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WWS 594E, Economics of the Welfare State: Class 4

Notes.

Readings:
Ezra Klein, The health of nations
Commonwealth Fund comparison
McKinsey on health care costs
Gruber on the ACA
CBO analysis

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WWS 594E, Economics of the Welfare State: Class # 3
Class notes (pdf).

Readings:
OECD, Pensions at a glance

Check quick summaries for:
France
Also highlights
And US
See presentation
Social security explained

If we have time:
Ezra Klein, The health of nations
Commonwealth Fund comparison

————————————————————

WWS594E, Economics of the Welfare State: Class #2
Notes (pdf).

About those last two slides: they’re an attempt to briefly summarize the state of play on unemployment benefits and actual unemployment. There is some indication that extended UI has raised the unemployment rate associated with any given inflation rate over the next few years (NAIRU yada yada, I know, but downward nominal rigidity; this is shorthand for taking all that into account — if you don’t know what I’m talking about, consider yourself lucky) In normal times, with the Fed unwilling to let inflation rise, this would translate into higher actual unemployment. But in a liquidity trap, with the Fed unable to hit its targets, it has no effect.

But what happens when the economy emerges from the liquidity trap? At that point extended UI will have gone away.

Readings:

Readings ripped from the headlines:

New York Times on the geography of dependence on the safety net
Aaron Carroll on geography further interpreted
Political geography
Mike Konczal on rising dependency
CBPP on who benefits
National Journal on public opinion

Unemployment insurance:
The data
More data
Effects of UI, Macroadvisers take
Effects of unemployment insurance
US compared with other countries
US compared with other countries, additional

————————————————————

WWS 594, Economics of the Welfare State, Class #1

Readings:

Feb. 8: Introduction

Social Security Administration, Historical Background,

OECD, “How expensive is the welfare state?”

Brandolini and Smeeding,
Income inequality in richer and OECD countries,

CBPP,
Taking stock of the safety net
Class notes (pdf)

by Paul Krugman, in NY Times
————————————————————

Austerity Europe
by Paul Krugman, in NY Times
————————————————————

Greece
by Paul Krugman, in NY Times
————————————————————

Austerity and Growth
by Paul Krugman, in NY Times
————————————————————

Clearly, It’s Time for More Austerity

U.K. Jobless Claims Rise More Than Forecast as Cuts Bite.
Euro-Area Economy Contracts for the First Time Since 2009
Portugal’s Debt Efforts May Be Warning for Greece
Greece and the return of the economic ‘death spiral’

by Paul Krugman, in NY Times
————————————————————

Why Greece and Portugal ought to go bankrupt
by Wolfgang Münchau, in ft.com
————————————————————

Businessweek Opinions-of-Shape-of-Earth-Differ Journamalism: Paul Krugman Edition

Two Minutes Hate
by Paul Krugman, in NY Times
Posted by MG-PT on Feb 06.
————————————————————

Europe’s Tobin Tax Distraction
by Barry Eichengreen, in Project Syndicate
Posted by MG-PT on Feb 09.
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Zero Bounds and Butter Mountains (Wonkish)
by Paul Krugman, in NY Times
Posted by MG-PT on Feb 06.
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The Greek Vise
by Paul Krugman, in NY Times
Posted by MG-PT on Feb 06.
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