Valerie Ramey on Stimulus and Multipliers 10/24/2011
07 Nov 2021 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, public economics
Determining the Value of Money: Next Steps for the Fiscal Theory of the Price Level
07 Nov 2021 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas Tags: inflation, monetary policy
Israel 1983: A bout of unpleasant monetarist arithmetic
06 Nov 2021 Leave a comment
in budget deficits, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics Tags: hyperinflation, inflation
The type of shock that starts a crisis is less important than reaction to the shock by the government
05 Nov 2021 Leave a comment
in budget deficits, business cycles, economic growth, economics of regulation, fiscal policy, macroeconomics, monetary economics, Public Choice
How to Cure Inflation Milton Friedman
29 Oct 2021 Leave a comment
in budget deficits, business cycles, economic growth, economic history, fiscal policy, great depression, history of economic thought, macroeconomics, monetarism, monetary economics, unemployment
Finn E. Kydland’s (Nobel Laureate) Speech at the WHU – New Year’s Conference 17
27 Oct 2021 Leave a comment
in budget deficits, business cycles, development economics, econometerics, economic growth, economic history, economics of regulation, entrepreneurship, fiscal policy, global financial crisis (GFC), great recession, growth disasters, growth miracles, human capital, labour economics, labour supply, macroeconomics, monetary economics, poverty and inequality, Robert E. Lucas Tags: real business cycles
Prescott on booms and busts
25 Oct 2021 Leave a comment
in budget deficits, business cycles, economic growth, history of economic thought, macroeconomics, monetarism, monetary economics
From Five Macroeconomic Myths, By Edward Prescott, The Wall Street Journal, December 11, 2006 https://www.minneapolisfed.org/~/media/files/research/prescott/wsj/wsj_12-11-06_five_macroeconomic_myths.pdf?la=en via https://www.minneapolisfed.org/research/prescott/wsj
When will #COVID19 job support cross into the zombie quagmire?
25 Oct 2021 Leave a comment
in budget deficits, business cycles, economic history, history of economic thought, income redistribution, industrial organisation, labour economics, macroeconomics, monetary economics, survivor principle, unemployment Tags: economics of pandemics, Japan, unintended consequences
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