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of the income gains during that 15-year period. In supplementary material emailed to The Times, Gordon acknowledged that Globalization will add to U. S. growth in the same sense that economists have always argued that free trade creates more winners than losers. But the losers from globalization are
omist at Northwestern University. Let's assume for a moment that he's right. The political consequences would be enormous. In his widely discussed National Bureau of Economic Research paper, "Is U.S. Economic Growth Over?" Gordon predicts a dark future of "epochal decline in growth from the U.S. record of the last 150 years." The
uments can be made for why we find direct physical transgressions worse than indirect ones, a moral distinction relevant to, for instance, the United States’ current drone policy. Cushman et al. (2006) found that subjects condemn pushing a man off a bridge (to stop a train heading toward five others) more
Page: HOUSE_OVERSIGHT_015514 →lar arguments can be made for why we find direct physical transgressions worse than indirect ones, a moral distinction relevant to, for instance, the United States’ current drone policy. Cushman et al. (2006) found that subjects condemn pushing a man off a bridge (to stop a train heading toward five other
Page: HOUSE_OVERSIGHT_015514 →sesses only a 50 % chance that France levies sanc- tions, so the United States is not sufficiently confident that France will sanction, to make it in the United States’s interest to sanction. What we have shown so far is that for a threshold of 100,000, it is in the interest of the United States to deviate from the s
Page: HOUSE_OVERSIGHT_015516 →Andreoni, J., Rao, J. M., & Trachtman, H. (2011). Avoiding the ask: A field experiment on altruism, empathy, and charitable giving. Technical report, National Bureau of Economic Research. Axelrod, R. M. (1984). The evolution of cooperation. New York: Basic Books. Axelrod, R., & Hamilton, W. D. (1981). The evolution of cooperation. S
Page: HOUSE_OVERSIGHT_015525 →1 1975 Q2 2009 ~ 30 5 20 + 0 4 8 12 16 20 24 28 32 36 40 Quarters After Trough Data as of 03 2016. Source: Investment Strategy Group, Datastream, National Bureau of Economic Research. Exhibit 4: Change in US Household Leverage Following Recessions A large reduction in household debt served as a drag on the pace of this recovery.
Page: HOUSE_OVERSIGHT_014541 →ductivity Slowdown,” University of Chicago Booth School of Business, June 2016. David M. Byrne, John G. Fernald and Marshall B. Reinsdorf, “Does the United States Have a Productivity Slowdown or a Measurement Problem?” Brookings nstitution, March 1, 2016. David Byrne and Carol Corrado, “ICT Prices and I
Page: HOUSE_OVERSIGHT_014614 →by GSI, Peterborough Court, 133 Fleet Street, London EC4A 2BB; by Goldman Sachs Canada, in connection with its distribution in Canada; in the United States by Goldman, Sachs & Co. lember FINRA/SIPC; in Hong Kong by Goldman Sachs (Asia} L.L.C.; in Korea by Goldman Sachs (Asia} L.L.C., Seoul Branch; in Jap
Page: HOUSE_OVERSIGHT_014618 →Entities connected to both United States and National Bureau of Economic Research

Jeffrey Epstein
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