Banking and Policy Issues Magazine

June 2010

Interview with Robert Hall

Stanford University economist on labor market dynamics, financial frictions, monetary policy and dating a recession

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Research Digest

A new Region feature that provides summaries of recent papers.

  • Taxes, Wages and Human Capital
    Progressive tax policies decrease before-tax wage inequality, suggests research by Fatih Guvenen and colleagues, by diminishing motivation to acquire higher education and job skills [PDF]
  • The Bitter Effect of Cartels
    In a case study of the U.S. sugar industry, James Schmitz and co-authors demonstrate that cartels can lead to big reductions in productivity [PDF]

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