project
Below are the related reading materials for Fall 2017 course
(reading: general)
-Can the U.S. economy sustain 3.5-4 percent economic growth? (Econofact)
-The productivity slowdown is even more puzzling than you think... (Econofact)
-The budget and the economic outlook: 2017 to 2027 (CBO, Jan.24, 2017, suggested by Annunziato; Darling et al.; Leonard; Oumhand and Santana; Rose)
-An update for the budget and the economic outlook: 2017 to 2027 (CBO, Jun.29, 2017, added on Oct.24), accomp. slides (suggested by Leonard)
-How fast can America grow? (CRFB, May 18, 2017, suggested by MizellTilghman; Taylor and Wharton; Wade and Downing)
-The big question for the U.S. economy: How much room is there to grow? (NYT, Feb.24, 2017, suggested by Taylor and Wharton)
-The future of U.S. economic growth (Thomson Reuters, Sep.9, 2016, suggested by Nairoz)
-The future of US Economic Growth (by Fernald and Jones, published in American Economic Review, 2014, 104(5), pp44-49, suggested by Watts; Youssef)
-Budget and economic data (CBO, links to most recent downloadable data, suggested by Wade and Downing)
-...
(reading: labor market related)
-Projections overview and highlights, 2016-2026 (BLS, Oct.2017, suggested by Baynor)
-Labor force participation: what has happened since the peak? (BLS, Sep.2016, suggested by Rounds)
-The declining labor force participation rate: Causes, consequences, and the path forward (WCEG, Jul.15, 2015, suggested by Rounds)
-What lower labor force participation rates tell us about work opportunities and incentives (AEI, Jul.15, 2015, suggested by Pickford)
-Consumer spending and U.S. employment from the 2007-2009 recession thorugh 2022 (BLS, Oct.2014, suggested by Moore)
-Solutions to get the older long-term unemployed back to work (AEI, Jun.3, 2014, suggested by Pickford)
-The reversal of the employment-population ratio in the 2000's: Facts and explanations (Brookings Papers on Economic Activity, Fall 2012, suggested by Moore)
(reading: immigration related)
-Immigration and economic growth in the U.S., 2000-2015 (Econofact)
-The new Trump immigration policy is bad for US health (PIIE, Mar.8, 2017)
-Trump calls for 'merit based' immigration system in address to the Congress (CNBC, 2017)
-Beyond the headlines: quantifying the economic contributions of migrants (World Economic Forum, 2017)
-Today's newly-arrived immigrants are the best-educated ever (Pew Research Center, 2015)
-Foreign student dependence (Inside Higher Ed, 2013)
-Low-skilled immigrants: economic burden or boon? (WP, 2013)
-Does immigration reduce wages? (Cato Journal, Fall 2017, suggested by Baynor, Hofmann)
-The effects of immigration on the United States' economy (Wharton, Jun.27, 2016, suggested by Baynor, Wade and Downing; Zagurski)
-The economic impact of US immigration policies in the age of Trump (VOX, Jun.14, 2017, suggested by Nguyen et al.), eBook with full chapters available here
-Foreign-born workers: Labor force characteristics - 2016 (BLS, May 18, 2017, suggested by Baynor)
-Without immigrants, the US economy would be a 'disaster', experts say (ABC News, Feb.16, 2017, suggested by Nguyen et al.)
-Mixing the melting pot: The impact of immigration on labor markets (2017, FRB St.Louis, suggested by Baynor)
-Do illegal immigrants actually hurt the U.S. economy? (NYT, Feb.12, 2013, suggested by MizellTllghman)
-Human capital in a global age (AEI, Jun.8, 2012, suggested by MizellTllghman)
-...
(reading: physical capital related)
-Robotization without taxation? (Project Syndicate, 2017/3/22)
-Automation and anxiety (The Economist, 2017)
-This company replaced 90% of its workforce with machines. Here's what happened (World Economic Forum, 2017)
-How technology is destroying jobs (MIT technology review, 2013)
-...
(reading: human capital related)
-The skills you need to succeed in the digital economy, and how to get them (World Economic Forum, 2017)
-US factory CEOs to Trump: jobs exist; skills don't (WP, 2017)
-U.S. students' academic achievement still lags that of their peers in many other countries (Pew Research Center, 2017)
-The future of your job is full of uncertainty. But this is how we can make it more inclusive (World Economic Forum, 2017)
-Top rating for U.S. on skills training (IHE., Sep.13, 2017, suggested by Hurst)
-Slower economic growth: The role of education and health care (Brookings, Sep.20, 2016, suggested by McLachlan)
-A well-educated workforce is key to state prosperity (EPI, 2013, suggested by McLachlan)
-The student loan landscape (NY Fed, suggested by Manzi)
-...
(reading: college education related)
-Can investing in public colleges be considered as an infrastructure project? (Econofact, Feb.2, 2017)
-Major decisions: what graduates earn over their lifetimes (The Hamilton Project, 2014)
-The Economy Goes to College (Georgetown U., 2015, suggested by Burns)
-How student-loan debt is dragging down the economy (BI, May 1,2015, suggested by Pickford)
-The high economic and social costs of student loan debt (CNBC, Jun.15, 2015, suggested by Pickford)
-Data reveal a rise in college degrees among Americans (NYT, Jun.12, 2013, suggested by Smart)
-...
(reading: fiscal policy related)
-Government budget deficits and economic growth (Econofact)
-Federal budget basics (The Hutchins Center, Brookings)
-IMF cuts US GDP growth estimates - assuming that Trump's tax and spending plans won't happen (Forbes, Jun.27, 2017, suggested by Fox and Morgan; Streit)
-Economic growth in the United States: A tale of two countries (WCEG, Dec.6, 2016, suggested by Dekic)
-Designing federal budget policy to spur economic growth (Brookings, Oct.13, 2015, suggested by Roberts)
-Stimulating economic growth through technological advance (AMSTAT, Mar.1, 2011, suggested by Smart)
-Maximizing the local economic impact of federal R&D (Brookings, Oct. 26, 2016, suggested by Smart)
-...
(reading: infrastructure related)
-Can investing in public colleges be considered as an infrastructure project? (Econofact, Feb.2, 2017)
-The state of U.S. infrastructure (CFR, Oct.6, 2017, suggested by Nguyen et al.)
-Will more infrastructure spending increase US growth? (Brookings, Dec.13, 2016, suggested by Manzi; Streit; Uffer and Yapnayon)
-...
(reading: tax/entitlement related)
-The tax reform tradeoff: eliminating tax expenditures, reducing rates (Tax Policy Center)
-Economists are skeptical that growth will finance tax cuts (Chicago Booth Review)
-White House study: corporate tax cut will provide huge boost to wages (Washington Examiner, Oct.16, 2017, suggested by Manzi)
-Social security checks to rise 2 percent in 2018, the biggest increase in years (WP, Oct.13, 2017, suggested by Pickford)
-Financing entitlements and promoting work: Does policy encourage early retirement? (AEI, Dec.17,2012, suggested by Pickford)
(reading: international cooperation related)
-Is the trade deficit a drag on growth? (Econofact)
-Asia trade talks stall as TPP bounces back from Trump's blow (Bloomberg)
-Trump's trade pullout roils rural America (Politico)
-The Economic Effects of the Trans-Pacific Partnership: New Estimates (PIIE)
-Adjustment and Income Distribution Impacts of the Trans-Pacific Partnership (PIIE)
-On NAFTA, America, Canada and Mexico are miles apart (The Economist, added on Oct.24)
-Reversing NAFTA: A supply chain perspective (ImpactECON, August, 2017, added on Oct.24)
-The benefits of international trade (USCC, last accessed on Nov.5, 2017, suggested by Smith)
-World Economic Outlook, Oct.2017 (IMF, Oct.2017, suggested by Hurst)
-...
(video)
- 200 Countries, 200 Years, 4 Minutes, The Joy of Stats (BBC)
- Looking to 2060: A Global Vision of Long-term Growth (OECD)
- Secrets of Economic Growth (World Economic Forum)
- Economic Growth has Stalled. Let's Fix It (TED)
- Trade, economic growth, and inequality (IMF)
- Will robots replace human workers? (The Economist)
- Immigrant crackdown: businesses brace for fallout (WSJ, 2017)
- Will Trump's deportation policy drive up farm wages? (Bloomberg, 2017)
- Trump threatens Indian engeneers' American Dream (CNN, 2017)
- Michigan workers hate NAFTA but love robots (CNN, 2017)
- Will automation take away all our jobs? By David Autor (TED, 2016)
- Race against the machine" By Andrew McAfee (TED, 2012)
- Immigration concerns: Tech industry looks to Canada (WSJ, 2017)
- Toughening NAFTA's rules of origin could backfire (PIIE, Sep.11, 2017)
- Inside the GOP's tax blueprint (CNN, Sep.27, 2017)
(audio)
-10 years after the Great Recession, why aren't more Americans working? (Brookings Cafeteria Podcast)
- Caroline Freund on the decline in global trade and Trump's trade policy (Macro Musings Podcast)
- Larry Summers on secular stagnation, fiscal policy, and Fed policy (Macro Musings Podcast)
Below are the sample materials from Spring 2016 course
-For general instruction, see here
-In-class demo on how to draw graph, see here