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Finance and Econ From the Web: Night lights measure growth, why are rates so low, are bankers liberals or conservatives….

September 19, 2018 Bilal 0

I thought I’d have a separate “Best Of the Web” devoted to economics and finance. Below I’ve found 30 articles and academic papers on macro and finance. Some are easy reads and others are denser, but I’ve summarised each one. Oh, if you come across anything interesting that I’ve  missed, then flag it to me and I’ll include it in my next list.  Enjoy! North and South Korea at night , 1992 vs 2008

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Aging, Output Per Capita and Secular Stagnation — by Gauti B. Eggertsson, Manuel Lancastre, Lawrence H. Summers

September 2, 2018 Bilal 0

Aging, Output Per Capita and Secular Stagnation — by Gauti B. Eggertsson, Manuel Lancastre, Lawrence H. Summers https://ift.tt/2OtrmMH Aging, Output Per Capita and Secular Stagnation NBER Working Paper No. 24902 Issued in August 2018 NBER Program(s):Economic Fluctuations and Growth, Monetary Economics This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017) that show positive correlation between measures of population aging and per-capita output growth. Our contribution is demonstrating that this relationship breaks down when the adjustment of interest rates is inhibited […]