**What is a Bitcoin IRA? The Merging Traditional Investments and Cryptocurrencies with Morgan Steckler**
*by ireekhavoc (<https://redd.it/b0681j>)*
https://coinbeat.com/what-is-a-bitcoin-ira-the-merging-traditional-investments-and-cryptocurrencies-with-morgan-steckler/

**'Capitalism is under serious threat'**
*by mgmanalyst (<https://redd.it/b06di4>)*
https://www.bbc.com/news/business-47532522

**CEPS: What can the IPCC Special Report on Global Warming of 1.5°C tell us about a CCS and CCU agenda for Europe? (PDF)**
*by Central_Bank_Bot (<https://redd.it/b06lqr>)*
https://www.ceps.eu/publications/what-can-ipcc-special-report-global-warming-15%C2%B0c-tell-us-about-ccs-and-ccu-agenda

**U.S. trade deficit hits record high. Does it matter?**
*by viva_la_vinyl (<https://redd.it/b06mww>)*
https://www.pbs.org/newshour/economy/u-s-trade-deficit-hits-record-high-does-it-matter

**Why Big Business Might Welcome A Carbon Tax**
*by ILikeNeurons (<https://redd.it/b06wz2>)*
https://www.forbes.com/sites/teresaghilarducci/2019/03/11/why-big-business-might-welcome-a-carbon-tax/#14d203f2b5d0

**Samsung Electronics Inc. has not even filed an official statement yet, while the South Korean news outlets are already speculating Samsung Pay will integrate crypto in Galaxy S10.| @the_coinshark**
*by HotRegret (<https://redd.it/b072dl>)*
https://thecoinshark.net/samsung-pay-will-or-won-t-add-cryptocurrency-report/

**Poll: Americans should make economic sacrifices to help environment**
*by speckz (<https://redd.it/b0755w>)*
https://thehill.com/hilltv/what-americas-thinking/432623-significant-majority-of-americans-say-theyre-willing-to

**RBA warns of big economic shocks from climate change**
*by Wagamaga (<https://redd.it/b07cys>)*
https://thewest.com.au/business/economy/reserve-bank-of-australia-warns-of-major-economic-shocks-if-climate-change-not-tackled-ng-b881133708z

**Brexit Upheaval Can't Dim U.K.'s Allure for Poorest EU Workers**
*by orangesmells (<https://redd.it/b07ocf>)*
https://www.bloomberg.com/news/articles/2019-03-12/brexit-upheaval-can-t-dim-u-k-s-allure-for-poorest-eu-workers?srnd=premium-europe

**MMT Takes Center Stage – And Orthodox Economists Freak**
*by thoth2 (<https://redd.it/b080ul>)*
http://neweconomicperspectives.org/2019/03/mmt-takes-center-stage-and-orthodox-economists-freak.html

**MMT Responds To Brad DeLong’s Challenge**
*by thoth2 (<https://redd.it/b0813t>)*
http://neweconomicperspectives.org/2019/03/mmt-responds-to-brad-delongs-challenge.html

**Why Economists Failed as “Experts”—and How to Make Them Matter Again - Martin Wolf**
*by lughnasadh (<https://redd.it/b084fk>)*
https://www.ineteconomics.org/perspectives/blog/why-economists-failed-as-experts-and-how-to-make-them-matter-again

**High taxes be damned, the rich keep moving to California**
*by speckz (<https://redd.it/b085el>)*
https://www.latimes.com/politics/la-pol-sac-skelton-income-tax-california-wealthy-20190311-story.html

**The Experts Keep Getting the Economy Wrong**
*by Where2cop857 (<https://redd.it/b0862q>)*
https://www.nytimes.com/2019/03/10/opinion/us-economy-stagnation-growth.html?smid=nytcore-ios-share

**Markets are Political: Markets raise political and philosophical questions, not just economic ones. No strategy for taking on market fundamentalism will be complete without addressing them.**
*by boston-review (<https://redd.it/b08q2v>)*
http://bostonreview.net/forum/economics-after-neoliberalism/debra-satz-markets-are-political

**CEPS: Beyond Public Debt (PDF)**
*by Central_Bank_Bot (<https://redd.it/b08y6t>)*
https://www.ceps.eu/publications/beyond-public-debt

**What Does the Inventor of Internet Think of What His Creation Has Become? | @the_coinshark**
*by HotRegret (<https://redd.it/b095qb>)*
https://thecoinshark.net/what-does-the-inventor-of-internet-think-of-what-his-creation-has-become/

**This chart shows there could be a real link between opioid use and people not working**
*by DoremusJessup (<https://redd.it/b09hjk>)*
https://www.cnbc.com/2019/03/12/how-the-opioid-crisis-is-hindering-us-labor-force-participation.html

**These Key Indicators Tell Us a Recession is Around the Corner — UBS’s US Recession risk indicator spiked to 73% + more..**
*by Magicdonvito (<https://redd.it/b09pdw>)*
https://speculatorsanonymous.com/articles/key-indicators-coming-recession/

**Bruegel: Director’s Cut: The case for a legislative remedy for recessions**
*by mberre (<https://redd.it/b09wud>)*
http://bruegel.org/2019/03/directors-cut-the-case-for-a-legislative-remedy-for-recessions/

**Total Factor Productivity Growth = Totally Fictitious Pretentious Garbage**
*by lingben (<https://redd.it/b0a0mn>)*
https://www.gmo.com/north-america/research-library/total-factor-productivity-growth--totally-fictitious-pretentious-garbage/

**Chinese economic growth slowdown affects its backwards theories.**
*by culaterbro (<https://redd.it/b0ajmo>)*
https://infadium.blogspot.com/p/chinese.html

**Total Factor Productivity Growth = Totally Fictitious Pretentious Garbage**
*by lingben (<https://redd.it/b0avez>)*
https://www.gmo.com/north-america/research-library/total-factor-productivity-growth--totally-fictitious-pretentious-garbage/

**Are Doctors Overpaid? : NPR**
*by MapleLoaves (<https://redd.it/b0ayiy>)*
https://www.npr.org/sections/money/2019/03/12/702500408/are-doctors-overpaid

**Study: High-deductible health plans aren't making members better healthcare consumers**
*by Chaz_The_Mayors_Aide (<https://redd.it/b0b2sw>)*
https://www.fiercehealthcare.com/payer/study-high-deductible-health-plans-aren-t-making-members-better-healthcare-consumers

**Blue Cross Blue Shield operator did not pay federal taxes in 2018, got $1.7B refund**
*by WarOfNoise (<https://redd.it/b0bkji>)*
https://thehill.com/policy/healthcare/433555-blue-cross-blue-shield-insurer-didnt-pay-any-federal-taxes-in-2018-got-17

**Formal Limitations in Economic Theory and Alternative Set Theories**
*by unimployed (<https://redd.it/b0bmtq>)*
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.98.169&rep=rep1&type=pdf

**Total Factor Productivity Growth**
*by lingben (<https://redd.it/b0by0s>)*
https://www.gmo.com/north-america/research-library/total-factor-productivity-growth--totally-fictitious-pretentious-garbage/

**ECB Calls General Idea Behind MMT a ‘Dangerous Proposition’**
*by viva_la_vinyl (<https://redd.it/b0c3yf>)*
https://www.bloomberg.com/news/articles/2019-03-12/ecb-calls-general-idea-behind-mmt-a-dangerous-proposition

**Mining Company Canaan Acquires Hundreds Of Millions Of Dollars In New Funding**
*by Sir_Ploops (<https://redd.it/b0dfzv>)*
https://www.reddit.com/r/news/comments/b0daqj/mining_company_canaan_acquires_hundreds_of/

**It’s Official: Apple Sent Invitations to the Presentation in Spring | @the_coinshark**
*by HotRegret (<https://redd.it/b0dolq>)*
https://thecoinshark.net/it-s-official-apple-sent-invitations-to-the-presentation-in-spring/

**Hi All! Looking for good sources to inform the "should welfare recipients be drug teste" debate on AskReddit right now. I'm torn on the issue and figured I'd ask here for less emotional arguments.**
*by Boogleyboogers (<https://redd.it/b0du9x>)*
http://na

**Mining Company Canaan Acquires Hundreds Of Millions Of Dollars In New Funding**
*by Sir_Ploops (<https://redd.it/b0dwoa>)*
https://coinbeat.com/mining-company-canaan-acquires-hundreds-of-millions-of-dollars-in-new-funding/

**Tesla Increases Prices at Electromobiles and Won’t Close Most of the Stores Yet | @the_coinshark**
*by HotRegret (<https://redd.it/b0erxu>)*
https://thecoinshark.net/tesla-increases-prices-at-electromobiles-and-won-t-close-most-of-the-stores-yet

**What Does the Inventor of Internet Think of What His Creation Has Become? | @the_coinshark**
*by HotRegret (<https://redd.it/b0esgm>)*
https://thecoinshark.net/what-does-the-inventor-of-internet-think-of-what-his-creation-has-become/

**Lowering the Cost of Prescription Drugs -- See p 12**
*by MannieOKelly (<https://redd.it/b0f011>)*
https://www.hhs.gov/sites/default/files/fy-2020-budget-in-brief.pdf

**Attraction Inequality and the Dating Economy - Quillette**
*by tflopbo (<https://redd.it/b0f6gf>)*
https://quillette.com/2019/03/12/attraction-inequality-and-the-dating-economy/

**Taxing the poor to pay the poor**
*by Sewblon (<https://redd.it/b0fy3b>)*
https://www.economist.com/finance-and-economics/2004/04/01/taxing-the-poor-to-pay-the-poor?story_id=2553322

**American taxes are unusually progressive. Government spending is not**
*by Sewblon (<https://redd.it/b0g04f>)*
https://www.economist.com/united-states/2017/11/23/american-taxes-are-unusually-progressive-government-spending-is-not

**The macroeconomic effects of student debt cancellation**
*by RichKatz (<https://redd.it/b0hchy>)*
http://www.levyinstitute.org/pubs/rpr_2_6.pdf

**Markets Aren’t Buying Denial on Climate Change**
*by viva_la_vinyl (<https://redd.it/b0hl54>)*
https://www.bloomberg.com/opinion/articles/2019-03-05/markets-don-t-buy-republican-skepticism-on-climate-change

**Jeffrey Gundlach says the theory of unlimited deficit spending is a 'crackpot idea'**
*by dvfw (<https://redd.it/b0hy7m>)*
https://www.cnbc.com/2019/03/12/jeffrey-gundlach-says-modern-monetary-theory-is-a-crackpot-idea.html

**"capitalism is under threat" - Raghuram Rajan**
*by tatabyebye (<https://redd.it/b0j4p5>)*
https://www.bbc.com/news/amp/business-47532522

**Nissan to end UK production of luxury Infiniti brand**
*by _Steamed_Hams (<https://redd.it/b0j5s1>)*
https://www.theguardian.com/business/2019/mar/12/nissan-to-end-sunderland-production-of-luxury-infiniti-brand

**Ripple’s $17 Billion Dollar Warchest Funding Liquidity For XRP**
*by culaterbro (<https://redd.it/b0jivx>)*
https://infadium.blogspot.com/p/ripple.html

**ECB slashes growth forecasts, Euro sinks**
*by bombvien (<https://redd.it/b0jq62>)*
https://infadium.blogspot.com/p/european-central-bank.html

**UK Said On Wednesday It Would Eliminate Import Tariffs On A Wide Range Of Goods And Avoid A So-Called Hard Border Between Ireland And Northern Ireland**
*by MarkAALERa (<https://redd.it/b0juy4>)*
https://stockmarketnews.today/2019/03/13/uk-said-on-wednesday-it-would-eliminate-import-tariffs-on-a-wide-range-of-goods-and-avoid-a-so-called-hard-border-between-ireland-and-northern-ireland/

**U.S. Stock Index Futures Were Little Changed Early Wednesday As Uncertainties Linger Over Brexit And Boeing**
*by MarkAALERa (<https://redd.it/b0kn16>)*
https://stockmarketnews.today/2019/03/13/u-s-stock-index-futures-were-little-changed-early-wednesday-as-uncertainties-linger-over-brexit-and-boeing/

**Nigeria Faces `Lost Decade' as Economic Growth Stagnates**
*by eff50 (<https://redd.it/b0ksbg>)*
https://www.bloomberg.com/news/articles/2019-02-12/nigeria-faces-lost-decade-as-economic-growth-stagnates

**Indonesia has the least volatile economy of the 21st century**
*by eff50 (<https://redd.it/b0ksns>)*
https://qz.com/1550062/the-most-and-least-volatile-economies-of-the-21st-century/

**Low India inflation a double-edged sword for Modi before Elections 2019**
*by eff50 (<https://redd.it/b0ktag>)*
https://www.livemint.com/elections/lok-sabha-elections/low-india-inflation-rate-double-edged-sword-for-modi-before-elections-2019-1552405624632.html

**Trump's decision to withdraw from Trans-Pacific Partnership could cost farmers $1.8B**
*by zryn3 (<https://redd.it/b0kxh2>)*
https://www.upi.com/amp/Trumps-decision-to-withdraw-from-Trans-Pacific-Partnership-could-cost-farmers-18B/8601551815280

**Global Millionaire Population Analysis 2019**
*by mgmanalyst (<https://redd.it/b0l6qm>)*
https://mgmresearch.com/global-millionaire-population-analysis-2019/

**Lebanon is headed toward economic collapse. Should Israel worry? | Opinion**
*by eff50 (<https://redd.it/b0lkh5>)*
https://www.haaretz.com/middle-east-news/.premium-lebanon-is-careering-toward-economic-collapse-should-israel-worry-1.6958756

**US: Durable goods orders increased by 0.4% in January vs -0.5% expected**
*by nutrientlabelwarrior (<https://redd.it/b0lu20>)*
https://www.fxstreet.com/news/us-durable-goods-orders-increased-by-04-in-january-vs-05-expected-201903131232

**Why ‘Japanification’ looms for the sluggish eurozone**
*by Naurgul (<https://redd.it/b0lxc1>)*
https://amp.ft.com/content/1954c468-449a-11e9-b168-96a37d002cd3

**Why the Green New Deal is more realistic than a carbon tax**
*by Splenda (<https://redd.it/b0lxxl>)*
https://theweek.com/articles/824482/why-green-new-deal-more-realistic-than-carbon-tax

**Are ratings agencies hurting Africa's economies?**
*by mberre (<https://redd.it/b0mpxn>)*
https://www.dw.com/en/are-ratings-agencies-hurting-africas-economies/a-47870146

**NPR: The Indicator: Gender Segregation In The Workplace**
*by mberre (<https://redd.it/b0mr33>)*
https://www.npr.org/templates/transcript/transcript.php?storyId=701704612

**BLS Blog: Wages and Benefits in a City Near You**
*by mberre (<https://redd.it/b0mt8v>)*
https://blogs.bls.gov/blog/2019/02/22/wages-and-benefits-in-a-city-near-you/

**Fed: Beautiful City: Leisure Amenities and Urban Growth**
*by Central_Bank_Bot (<https://redd.it/b0n6gv>)*
https://philadelphiafed.org/-/media/research-and-data/publications/working-papers/2019/wp19-16.pdf

**Fed: Bayesian Nonparametric Learning of How Skill Is Distributed across the Mutual Fund Industry**
*by Central_Bank_Bot (<https://redd.it/b0n6gy>)*
https://www.frbatlanta.org/-/media/documents/research/publications/wp/2019/03-bayesian-nonparametric-learning-of-how-skill-is-distributed-across-the-mutual-fund-industry-2019-03-07.pdf

**How Reliable Is Modern Monetary Theory as a Guide to Policy?**
*by punkthesystem (<https://redd.it/b0n6jx>)*
https://www.mercatus.org/publications/monetary-theory/how-reliable-modern-monetary-theory-guide-policy

**Amazon gets an edge with its secret squad of PhD economists**
*by mgmanalyst (<https://redd.it/b0nggd>)*
https://edition.cnn.com/2019/03/13/tech/amazon-economists/index.html

**Market Concentration Is Threatening the US Economy by Joseph E. Stiglitz**
*by RepresentativeAgent (<https://redd.it/b0ngui>)*
https://www.project-syndicate.org/commentary/united-states-economy-rising-market-power-by-joseph-e-stiglitz-2019-03

**An economist explains why women are paid less**
*by mgmanalyst (<https://redd.it/b0nip0>)*
https://www.weforum.org/agenda/2019/03/an-economist-explains-why-women-get-paid-less

**Narendra Modi’s most distinctive economic policies were his worst**
*by pipsdontsqueak (<https://redd.it/b0oo56>)*
https://www.economist.com/finance-and-economics/2019/02/28/narendra-modis-most-distinctive-economic-policies-were-his-worst

**Workers at the lower end of the pay scale finally are getting the most benefit from rising wages**
*by DoremusJessup (<https://redd.it/b0ounx>)*
https://www.cnbc.com/2019/03/13/workers-at-lower-end-of-pay-scale-getting-most-benefit-from-rising-wages.html

**According to the federal reserve, the average person between 65 and 74 has a net worth of over $1,066,000, but the median for that age group is only $277,000. A small amount of very wealthy people significantly skew the averages.**
*by BearStearnsToTheMoon (<https://redd.it/b0pr87>)*
https://turbo.intuit.com/blog/real-money-talk/net-worth-by-age-704/

**Noam Chomsky on Venezuelan crisis.**
*by mendes_shawn (<https://redd.it/b0pwqn>)*
https://infadium.blogspot.com/p/noam-chomsky-talks-on-venezuelan-crisis.html

**MPs Vote To Reject No-deal Brexit**
*by cheese-of-walmart (<https://redd.it/b0qclb>)*
https://www.bbc.co.uk/news/amp/uk-politics-47562995

**Boeing 737 Max Crash How badly it is going to affect Boeing**
*by OnkarJ (<https://redd.it/b0qiha>)*
https://onkarjadhavv.blogspot.com/2019/03/boeing-737-max-crash-how-badly-it-is.html

**Young Adulthood in America: Children Are Grown, but Parenting Doesn’t Stop**
*by B0etius02 (<https://redd.it/b0rkbe>)*
https://www.nytimes.com/2019/03/13/upshot/parenting-new-norms-grown-children-extremes.html

**IGM Economic Experts Panel: Modern Monetary Theory**
*by lalze123 (<https://redd.it/b0sds3>)*
http://www.igmchicago.org/surveys/modern-monetary-theory

**U.S. Workers Gain From Rising Wages, Low Inflation**
*by jimmymoreland (<https://redd.it/b0sn8t>)*
https://www.wsj.com/articles/u-s-consumer-prices-rose-0-2-in-february-11552393884

**Do Lower Minimum Wages for Young Workers Raise Their Employment? Evidence From a Danish Discontinuity**
*by amaxen (<https://redd.it/b0swt4>)*
https://www.mitpressjournals.org/doi/abs/10.1162/rest_a_00825?download=true&journalCode=rest&

**Krugman's Macroeconomics Is No Match for MMT**
*by psychothumbs (<https://redd.it/b0sy0f>)*
https://www.bloomberg.com/opinion/articles/2019-03-04/krugman-s-macroeconomics-is-no-match-for-mmt

**How to combine Crypto and Stocks in One Place?**
*by snowtiger44 (<https://redd.it/b0tcqm>)*
https://www.cryptimi.com/news/dx-exchange-combining-crypto-and-stocks-in-one-place/

**Hoppe on the Problems with Democracy and the Monopoly of Force**
*by salmayweather (<https://redd.it/b0uof1>)*
https://saltheagorist.blogspot.com/2019/03/hoppe-on-problems-with-democracy-and.html

**Capitalist Freedom Is a Farce: by Rob Larson, author Capitalism vs. Freedom: The Toll Road to Serfdom**
*by RichKatz (<https://redd.it/b0uyxh>)*
https://jacobinmag.com/2019/03/capitalism-freedom-socialism-milton-friedman-hayek

**Is China about to bring shadow banking back out of the darkness to kick start its slowing economy?**
*by NineteenEighty9 (<https://redd.it/b0vuz4>)*
https://www.scmp.com/economy/china-economy/article/3001507/china-about-bring-shadow-banking-back-out-darkness-kick-start

**Global debt is up 50% over the past decade, but S&P still says next crisis won't be as bad**
*by JLBesq1981 (<https://redd.it/b0wmr6>)*
https://www.cnbc.com/2019/03/12/global-debt-up-50-percent-since-the-financial-crisis-sp-says.html?recirc=taboolainternal

**China Industrial Output Growth Falls To 17-Year Low**
*by MarkAALERa (<https://redd.it/b0xjdl>)*
https://stockmarketnews.today/2019/03/14/china-industrial-output-growth-falls-to-17-year-low/

**A fifth of Americans say they have zero savings**
*by TheCrunk1 (<https://redd.it/b0xkt6>)*
https://www.businessinsider.com.au/americans-with-zero-savings-at-20-2019-3

**China industrial output growth slowest in 17 years**
*by Wagamaga (<https://redd.it/b0xvii>)*
http://www.ejinsight.com/20190314-china-industrial-output-growth-slowest-in-17-years/

**Bruegel: Towards EU-MENA shared prosperity**
*by mberre (<https://redd.it/b0yhbn>)*
http://bruegel.org/2019/03/towards-eu-mena-shared-prosperity-2/

**Echoes of 2008: Could climate change spark a global financial crisis?**
*by viva_la_vinyl (<https://redd.it/b0yq9j>)*
https://theconversation.com/echoes-of-2008-could-climate-change-spark-a-global-financial-crisis-112497

**Trump says he is in no rush to complete China trade deal**
*by Smooth_Listen (<https://redd.it/b0yrl2>)*
https://uk.reuters.com/article/uk-usa-trade-china-trump/trump-says-he-is-in-no-rush-to-complete-china-trade-deal-idUKKCN1QU2MO?il=0

**The average debt at graduation is a bit under $30,000 for a bachelor's degree**
*by MarineKingPrime_ (<https://redd.it/b0zlv5>)*
https://www.usatoday.com/story/money/personalfinance/2019/03/14/student-loan-debt-crushes-millennials-car-home-buying-american-dream/3103065002/

**How the way we spend money is changing. - BBC Two**
*by culaterbro (<https://redd.it/b0zpc7>)*
https://infadium.blogspot.com/p/how-way-we-spend-money-is-changing.html

**A carbon tax should be the centerpiece of the Green New Deal**
*by ILikeNeurons (<https://redd.it/b0zvmt>)*
https://www.salon.com/2019/03/12/a-carbon-tax-should-be-the-centerpiece-of-the-green-new-deal/

**Mohamed El-Erian's take on the MMT debate**
*by tachyonburst (<https://redd.it/b10g29>)*
https://www.afr.com/news/economy/monetary-policy/mohamed-elerians-take-on-the-mmt-debate-20190314-h1ccnx

**Statistics Canada says household debt grew faster than income in fourth-quarter**
*by Wagamaga (<https://redd.it/b10lvz>)*
https://www.thestar.com/business/2019/03/14/statistics-canada-says-household-debt-grew-faster-than-income-in-fourth-quarter.html

**China industrial output growth falls to 17-year low, more support steps expected**
*by Soupjoe5 (<https://redd.it/b10mrh>)*
https://www.reuters.com/article/us-china-economy-activity/china-industrial-output-growth-falls-to-17-year-low-more-support-steps-expected-idUSKCN1QV058

**A new survey shows that zero top US economists agreed with the basic principles of an economic theory supported by Alexandria Ocasio-Cortez**
*by punkthesystem (<https://redd.it/b10pom>)*
https://www.businessinsider.com/economist-survey-alexandria-ocasio-cortez-modern-monetary-theory-2019-3

**US new home sales declined 6.9 percent in January**
*by pipsdontsqueak (<https://redd.it/b10ukg>)*
https://www.cnbc.com/2019/03/14/us-new-home-sales-declined-6point9-percent-in-january-a-sign-government-shutdown-hurt-buying.html

**WSJ Survey: Economists Cut Forecasts for Jobs and Economic Growth in Early 2019**
*by Wagamaga (<https://redd.it/b113d2>)*
https://www.wsj.com/articles/wsj-survey-economists-cut-forecasts-for-jobs-and-economic-growth-in-early-2019-11552572000

**When Facebook goes down, an economy goes with it - Facebook’s outage cost small advertisers thousands of dollars**
*by speckz (<https://redd.it/b114ns>)*
https://www.theverge.com/2019/3/14/18265002/facebook-instagram-outage-ad-revenue-lost

**China's Economy - Not So Big After All: New research suggests that China's economy is only half the size of America's—and growing much more slowly than officially reported.**
*by NineteenEighty9 (<https://redd.it/b11f2k>)*
https://nationalinterest.org/feature/chinas-economy-not-so-big-after-all-46887

**LSE: Valuing the Environmental Benefits of Canals Using House Prices (PDF)**
*by Central_Bank_Bot (<https://redd.it/b123yo>)*
http://cep.lse.ac.uk/pubs/download/dp1604.pdf