Back in November 2013, nearing the end of his term as Fed chair, Ben Bernanke offered perhaps the clearest articulation of his views on the mechanisms through which the Fed’s distinct policies affect monetary conditions. My colleague Gavyn Davies then described the critical element in Bernanke’s speech as the separation principle, writing:
- The economic impact of immigration
- Further reading
- Ricardo Hausmann on the tragedy in Venezuela
- Does Amazon present an anti-trust problem?
- Mary Waters on the integration of immigrants into the US
- Lee Buchheit and Mitu Gulati on Venezuela’s debt
- Gabriel Zucman on tax evasion and inequality
- Michael Pettis on the mechanics of trade and the Chinese economy
- Angus Deaton on his Nobel prize-winning career (encore)
- Tim Harford on the lessons of new technologies in economic history
And why markets don’t work for hedonic substances.