Weekend reading: “Unstable incomes, uncertain world” edition

Equitable Growth round-up

Several central banks implemented previously unthinkable monetary policies during the Great Recession. How many of these tools will stick around? A new paper asks central bankers and academics just that question.

Bridget Ansel writes about a new study that uncovers a surprising performance enhancer for venture capital funds: hiring partners who have daughters.

New data on the U.S. labor market was released this morning from the U.S. Department of Labor in the form of the May Employment Situation Report. Check out five key graphs (opens in a new tab) using data from the report.

Links from around the web

One part of President Trump’s proposed tax reform is a tax cut for pass-through business income. His administration is pitching it as a tax cut for small business, but Lily Batchelder of New York University Law School argues it’ll become a huge tax loophole.  [nyt (opens in a new tab)]

Is the German trade surplus with the United States an issue? Unlikely. But is the German trade surplus with the rest of the world a problem for the global economy? Adam Davidson argues that it is. [new yorker (opens in a new tab)]

As behavioral economics incorporated insights from psychology into economics, a new line of thinking from Nobel Laureate and Yale University economist Robert Shiller called narrative economics takes insights from the humanities. [chicago booth (opens in a new tab)]

In an interview with the Federal Reserve Bank of Minneapolis, University of California, Berkeley economist Hilary Hoynes talks about food stamps, the recessionary effects on labor market segments, and the importance of poverty research. [minneapolis fed (opens in a new tab)]

Friday figure

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Figure from “Equitable Growth’s Jobs Day Graphs: May 2017 Report Edition (opens in a new tab)” by Equitable Growth