Milton Friedman Interview with Dallas Fed President Richard W. Fisher

05 Feb 2022 Leave a comment

by Jim Rose in business cycles, development economics, economic growth, economic history, growth disasters, growth miracles, history of economic thought, law and economics, liberalism, macroeconomics, Marxist economics, property rights

Remey on the elusiveness of news-driven business cycles

31 Jan 2022 Leave a comment

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What GFC? A news-driven contraction?

30 Jan 2022 Leave a comment

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Money and the business cycle

28 Jan 2022 Leave a comment

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Robert Lucas: Labor Reform and Crisis Recovery

28 Jan 2022 Leave a comment

by Jim Rose 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:

Prescott shows a lot of contracting since the end of the tech bubble

27 Jan 2022 Leave a comment

by Jim Rose in business cycles, economic growth, economic history, Edward Prescott, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags:

Prescott on monetary booms

27 Jan 2022 Leave a comment

by Jim Rose 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

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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

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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

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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

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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

by Jim Rose in business cycles, economic history, economics of regulation, Edward Prescott, growth miracles, labour economics, labour supply, macroeconomics, monetary economics, public economics

From https://www.elibrary.imf.org/view/journals/023/0031/006/article-A005-en.xml

What about the recession of 1980-81?

16 Jan 2022 Leave a comment

by Jim Rose in business cycles, Edward Prescott, financial economics, macroeconomics, monetary economics

From https://www.minneapolisfed.org/article/1996/interview-with-edward-c-prescott

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

by Jim Rose in business cycles, economic history, Edward Prescott, macroeconomics, monetary economics

From https://www.minneapolisfed.org/article/1996/interview-with-edward-c-prescott

Prescott (1996) on the power of central banks

15 Jan 2022 Leave a comment

by Jim Rose in business cycles, econometerics, economic history, Edward Prescott, financial economics, macroeconomics, monetary economics

From https://www.minneapolisfed.org/article/1996/interview-with-edward-c-prescott

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