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BEHAVE: Behaviour Change and Climate Change, Future Earth Ireland event, Royal Irish Academy, November 17th 10.45am

See below from Professor Anna Davies from Trinity College Dublin: Future Earth Ireland are pleased to invite you to our annual event at the Royal Irish Academy on Friday November 17th at 10.45amThis year we are focusing on the important issue of behaviour change and climate change with an exciting line-up of international speakers and national...

Cass Sunstein in Dublin November 10th

On November 10th, we welcome back the distinguished Harvard Law Professor, Cass Sunstein to Dublin. Professor Sunstein will deliver three sessions over the course of the afternoon:1. The first session will take place from 130pm to 245pm in the UCD Geary Institute and will follow up from his recent talk on new directions in behavioural public policy...

Economists and taxes

My last post on taxes continued the question, who bears the burden of the corporate tax? Will a reduction in corporate taxes benefit stockholders or workers? It was a fun technical discussion.But the whole time I want to scream: That is the wrong question! And the public economists job should be to scream from the rafters, that is the wrong question!...

Corporate tax burden again

This post continues the question, who bears the burden of the corporate tax? The next post will have broader thoughts on the tax plan and economists' reaction to it. I'm responding in many ways to Larry Summers, who weighed in on the corporate taxes issue in a Washington Post oped. He eloquently and concisely makes most of the arguments...

Behavioural Economics Roundtable November 10th

See below for our opening session on November 10th. This is by invitation only but if you are working on this area in Ireland and would like to come, send us an email at geary@ucd.ie The sign-up pages for Professor Sunstein's public talks are available hereVenue: UCD Geary Institute Seminar Room130pm: Introduction and Welcome135pm: Pete Lunn (ESRI):...

Programme: 10th Annual Irish Economics, Psychology, and Policy Conference

Programme: 10th Annual Irish Economics, Psychology, and Policy ConferenceUCD Geary Institute December 1st 2017 We will host the 10th annual Irish economics and psychology conference in UCD Geary Institute on Friday December 1st. Our keynote speakers will be Professor Don Ross (UCC) and Professor Jennifer Sheehy Skeffington (LSE).For the first...

Hall graphs

Bob Hall gave a lovely talk on wages, and how a reduction in the cost of capital from tax or regulatory reform might raise capital, and by doing so raise labor productivity and hence wages.  The graphs speak for themselv...

Richard Thaler

Congratulations to Professor Richard Thaler who was announced as the winner of the 2017 Nobel Prize in Economics yesterday. Linked here is a piece I wrote for the Sunday Business Post on his contribution to Economics (pre-edited text and some more links below).Richard Thaler, 2017 Nobel Laureate in Economics Richard Thaler was recently named as...

Greg's algebra

How much do workers gain from a capital tax cut? This question has reverberated in oped pages and blogosphere, with the usual vitriolat anyone who might even speculate that a dollar in tax cuts could raise wages by more than a dollar. (I vaguely recall more blogosphere discussion which I now can't find, I welcome links from commenters. Greg was...

Taylor for Fed

I might as well share with blog readers my favorite for the Fed: John Taylor.A preface is in order though.Monetary policy is not, right now, the flaming hot mess that characterizes so much of the Federal Government. And all the candidates are good. The Fed's official mandate is low interest rates, low inflation, and maximum employment -- as large as...

How does inflation work anyway?

Monetary policy, central banking and inflation are hard. It's well to remember that. Today's blog post adds up a few things that seem like they're obvious but are not.Inflation is hard. Central bankers are puzzled at persistently low inflation.  From WSJ,Ms. Yellen said,...

Tyler: Equity financed banking is possible!

Tyler Cowen wrote an extended blog post on bank leverage, regulation and economic growth on Marginal Revolution. Tyler thinks the "liquidity transformation" of banks is essential, and that we will not be able to avoid a highly levered banking system, despite the regulatory bloat this requires, and the occasional financial crisis. As blog...