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Month: March 2013

Stimulus or not?

We’ve read papers by DeLong, Ramey and others — this is a timely article on Bloomberg for our upcoming debate on multipliers and stimulus.

When Elders Rule: Is Gerontocracy Harmful for Growth?

From EconPapers. The first article lets you follow up on the political economy of political systems that overrepresent the interest of retirees. (Of course, if you read the abstract that’s not their phrasing.) The second addresses the point I’ve made in class and on the blog, that the social security trust fund is economically meaningless; they stress how it has led the debate over retirement in counterproductive directions.