Louis Rouanet
@louisrouanet
Economist | Father of 3 | Associate editor at @_PublicChoice | Assistant professor at @UTEP
ID: 796156836
http://louisrouanet.com/ 01-09-2012 14:10:15
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A paper I finished in the beginning of my PhD is out on Public Choice. The paper is simple: it tests Piketty's hypothesis of r-g => inequality for a set of developed countries (that have better data). I find no empirical support for Piketty’s predictions.
This result is sadly unsurprising. As caseybmulligan showed in a recent Public Choice paper (link below), minimum wages affect the mix of employer and employee provided inputs. Higher minimum wages shift the provision of safety measures from employers to employees.
Yesterday, Marian L Tupy and Peter Boettke published an excellent op-ed in Wall Street Journal Opinion making a simple but powerful point: AI can’t replace markets ⚖️🤖 🔗 wsj.com/opinion/algori… One of the most misguided ideas I’ve seen in the past decade is that central planning is (or soon
“The simple test is whether an economist's views tend to diverge from those of his ideological allies when the ideology clashes with the economics. If they do he is a real economist. If they do not, he is only an economist in working hours.” daviddfriedman.substack.com/p/economic-met…
.Louis Rouanet of UTEP and Alexander William Salter of Rawls College examine mission creep at the Federal Reserve. #FederalReserve #BankingPolicy #MonetaryPolicy doi.org/10.1002/soej.1…
My working paper with Giovanni Peri of UC Davis Economics is featured by NBER in the NBER Digest. We examine how the forced removal of Japanese Americans during WWII affected U.S. farm productivity — finding significant losses.
Matthew E. Kahn Excellent and provocative essay, in your usual fashion! Two comments. One: Louis Rouanet and Alex Salter have a very nice article on the general topic at onlinelibrary.wiley.com/doi/10.1002/so…
Great to be back on Macro Musings to discuss supply driven deflation with the great David Beckworth. We talked a lot about my paper (link below) with Casey Joe Pender on the effects of supply driven deflation on financial intermediation and nominal interest rates. Check it out!