Must-Read (28/07/2018)

Here are some links:

  1. Noah Smith on why wages are stagnant in the US.
  2. David Beckworth wonders if the Reserve Bank of Australia will be the first bank in adopting NGDP targeting. 
  3. This debate between Noah Smith and Tyler Cowen on the future of immigration in the US is worth a reading.
  4. J. P. Koning, from the AEIR, argues that monetary exclusions can be counterproductive for countries enacting them. 
  5. Larry White rebuts some points made by Agustin Carsten (Bank of International Settlements) in his latest speech.