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An Equation To Ensure America Survives The Age Of AI

by Elizabeth Cobbsvia Financial Times
Thursday, April 11, 2019

Tech investors celebrate a future of self-driving taxis and low labour costs as gig economy platform companies such as Lyft and Uber go public. But workers spy disaster. In more and more industries, the low-skilled suffer declining pay and hours. McKinsey estimates that 60 per cent of occupations are at risk of partial or total automation.

BusinessFeatured

How Many Of California’s 1.5 Million Food-Service Jobs Will Be Lost To The Minimum Wage?

by Lee Ohanianvia California on Your Mind
Tuesday, March 26, 2019

In 2022, California’s minimum wage will rise to $15 per hour (by 2023 for businesses with fewer than 25 employees), including restaurant workers. As one California food wholesaler, who services a number of restaurants, told me, “Get ready for the $25 lunch burger at your favorite decent, non–fast food restaurant.” 

Analysis and Commentary

Less Listing

by John H. Cochrane via The Grumpy Economist
Wednesday, March 20, 2019

Torsten Slok at DB sent along this lovely graph. The underlying paper "Eclipse of the Public Corporation or Eclipse of the Public Markets?" by  Craig Doidge, Kathleen M. Kahle, G. Andrew Karolyi, and René M. Stulz,  has a lot more.

The Future of Fed’s Balance Sheet: A Policy Workshop

Thursday, March 7, 2019
Annenberg Conference Room, Lou Henry Hoover Building

The Federal Open Market Committee announced on January 30 that it “intends to continue to implement monetary policy in a regime in which an ample supply of reserves ensures that control over the level of the federal funds rate and other short-term interest rates is exercised primarily through the setting of the Federal Reserve's administered rates, and in which active management of the supply of reserves is not required.” Statement Regarding Monetary Policy Implementation and Balance Sheet Normalization. 

Event
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The Libertarian: Rent Control, Housing, And Economics

interview with Richard A. Epsteinvia The Libertarian
Thursday, March 7, 2019

With Oregon creating the nation’s first statewide rent control regime, the implications for American housing policy are ominous.

Policy Seminar with Rebecca Diamond

Thursday, February 28, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Rebecca Diamond, Hoover Institution national fellow, and associate professor of economics at the Stanford Graduate School of Business, discussed “The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco.”

Event
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The Pacific Century: Learning From Hanoi And The Trade Deal With China

interview with Michael R. Auslin, John Yoovia The Pacific Century
Wednesday, March 6, 2019

Why Hanoi was not a failure; and whether the focus of the US-China trade deal should be on the theft of American inventions instead of tariffs and trade deficits.

Policy Seminar with Lawrence Summers

Monday, February 11, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Lawrence Summers, President Emeritus and Charles W. Eliot University Professor at Harvard University, and former U.S. treasury secretary, talked about “Secular Stagnation and Fiscal Policy.”

Event

Policy Seminar with Michael Boskin

Tuesday, February 5, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Michael Boskin, Senior Fellow at the Hoover Institution and T. M. Friedman Professor of Economics at Stanford University, discussed “Inequality Shocks and Redistribution.”

Event

Policy Seminar with Martin Feldstein

Thursday, January 31, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Martin Feldstein, senior fellow at the Hoover Institution, the George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, presented “the Future of Economic Growth in the United States.”

Event

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Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple