Robert Lucas: Labor Reform and Crisis Recovery
28 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, business cycles, comparative institutional analysis, econometerics, economic growth, economic history, economics of regulation, labour economics, labour supply, macroeconomics, Robert E. Lucas Tags: employment law
Prescott shows a lot of contracting since the end of the tech bubble
27 Jan 2022 Leave a comment
in business cycles, economic growth, economic history, Edward Prescott, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: real business cycles
Prescott on monetary booms
27 Jan 2022 Leave a comment
in business cycles, economic growth, economic history, Edward Prescott, history of economic thought, macroeconomics, monetary economics
Were you surprised that you were able to construct a model economy which generated fluctuations which closely resembled actual experience in the US?
19 Jan 2022 Leave a comment
How does Prescott react to the criticism that there is a lack of available supporting evidence of strong intertemporal labour substitution effects?
18 Jan 2022 Leave a comment
The new classical monetary-surprise style of models developed in the 1970sby Lucas, Sargent, Wallace and others were very influential. When did Prescott first begin to lose faith in that particular approach?
18 Jan 2022 Leave a comment
Lucas: New Keynesian economics doesn’t seem to make contact with the questions that got us interested in macroeconomics in the first place.
17 Jan 2022 Leave a comment
Your work on the US found that productivity shocks explain most of the cyclical fluctuations the economy has experienced. Does this finding have any bearing on the nature of public policy?
17 Jan 2022 Leave a comment
in business cycles, economic history, economics of regulation, Edward Prescott, growth miracles, labour economics, labour supply, macroeconomics, monetary economics, public economics
What about the recession of 1980-81?
16 Jan 2022 Leave a comment
in business cycles, Edward Prescott, financial economics, macroeconomics, monetary economics
The view that technology shocks, those affecting production opportunities, are the major driving force behind business cycles, accounting for about 70 percent of these fluctuations.
16 Jan 2022 Leave a comment
in business cycles, economic history, Edward Prescott, macroeconomics, monetary economics
Prescott (1996) on the power of central banks
15 Jan 2022 Leave a comment
in business cycles, econometerics, economic history, Edward Prescott, financial economics, macroeconomics, monetary economics
Money Under Laissez-Faire George Selgin
15 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, economic growth, economic history, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
The Fed’s Dismal Record | George A. Selgin
10 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, comparative institutional analysis, economic history, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
Utopia, you are standing in it! 
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