Lucas, the quantity theory and the GFC
23 Apr 2022 Leave a comment
in business cycles, global financial crisis (GFC), macroeconomics, monetary economics, Robert E. Lucas
The Lucas critique summarised by Freeman and Champ
22 Apr 2022 Leave a comment
in budget deficits, business cycles, economic growth, labour economics, labour supply, macroeconomics, monetarism, monetary economics, Robert E. Lucas
Edward Prescott doesn’t hold back on macroeconomics and central banks
21 Apr 2022 Leave a comment
in business cycles, Edward Prescott, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, monetary economics
Margaret Jacobson on how Roosevelt jump started the #economy in 1933
20 Apr 2022 Leave a comment
in budget deficits, business cycles, economic growth, financial economics, fiscal policy, great depression, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics
A New Theory on What Causes Inflation with Economist John Cochrane
16 Apr 2022 Leave a comment
in budget deficits, business cycles, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics
Freeman and Champ explain the Lucas revolution
15 Apr 2022 Leave a comment
in business cycles, economic growth, history of economic thought, labour economics, labour supply, macroeconomics, monetarism, monetary economics, Robert E. Lucas, unemployment
Thomas Sargent pioneered the fiscal theory of the price level by studying both the end of hyper-inflations and moderate inflations
07 Apr 2022 Leave a comment
in budget deficits, business cycles, economic history, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics
From Stopping Moderate Inflations: The Methods of Poincaré and Thatcher (1982) by Thomas Sargent
Can the central bank cause a recession?
04 Mar 2022 Leave a comment
in business cycles, economic history, Edward Prescott, financial economics, history of economic thought, macroeconomics, monetary economics
(QE) — the Fed’s massive purchases of Treasuries and other assets to push down long-term interest rates
24 Feb 2022 Leave a comment
in business cycles, financial economics, macroeconomics, monetary economics
We wanted to see what happens if you don’t have the usual financial factors in there—not one word about banks, the Federal Reserve, the collapse of Lehman Brothers, et cetera
22 Feb 2022 Leave a comment
in business cycles, Edward Prescott, global financial crisis (GFC), great recession, macroeconomics, monetary economics
For McGrattan and Prescott, two leading proponents of the use of quantitative, dynamic business cycle modeling to analyze macroeconomic trends, including intangible capital investment in total economic output is the key to making sense of head-scratching countercyclical movements in labor productivity over the past 25 years.
From https://www.minneapolisfed.org/article/2012/unmeasured-investment
Utopia, you are standing in it! 
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