Determining the Value of Money: Next Steps for the Fiscal Theory of the Price Level

29 Mar 2020 Leave a comment

by Jim Rose in budget deficits, business cycles, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas Tags:

Misesian Insights for Modern Macroeconomics | J. Huston McCulloch

27 Mar 2020 Leave a comment

by Jim Rose in Austrian economics, business cycles, F.A. Hayek, Ludwig von Mises, macroeconomics, monetary economics, Murray Rothbard Tags:

When was the Sick Man of Europe on a 3-day week for 10 weeks? #COVID19

27 Mar 2020 Leave a comment

by Jim Rose in business cycles, economic history, labour supply, macroeconomics, unions

From https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/ihyq/qna

Eugene Fama on a fiscal stimulus and bailouts

27 Mar 2020 Leave a comment

by Jim Rose in business cycles, fiscal policy, macroeconomics

From https://famafrench.dimensional.com/essays/bailouts-and-stimulus-plans.aspx

Lee Ohanian on Japan’s Lost Decade

27 Mar 2020 6 Comments

by Jim Rose in business cycles, econometerics, economic growth, economic history, Edward Prescott, fiscal policy, labour supply, macroeconomics, monetary economics

From https://www.economicdynamics.org/newsletter-april-2000/

Did real business cycle theory ignore depressions?

27 Mar 2020 Leave a comment

Image by Jim Rose

Lee Ohanian on dynamic general equilibrium models to study the Great Depression

26 Mar 2020 Leave a comment

by Jim Rose in business cycles, econometerics, economic growth, economic history, financial economics, great depression, history of economic thought, macroeconomics, monetary economics

From https://www.economicdynamics.org/newsletter-april-2000/

NZ Great Depression ended by 1935 because of fiscal austerity

26 Mar 2020 Leave a comment

by Jim Rose in business cycles, economic history, fiscal policy, great depression, macroeconomics

From https://teara.govt.nz/en/economic-history/page-7

When is a fiscal stimulus a positive productivity shock?

26 Mar 2020 Leave a comment

by Jim Rose in budget deficits, business cycles, fiscal policy, macroeconomics, public economics

From https://famafrench.dimensional.com/essays/bailouts-and-stimulus-plans.aspx

Shocks and frictions in real business cycle models

26 Mar 2020 Leave a comment

Image by Jim Rose

Samsung and Hyundai are 35% of Korean exports; their sales are 22% of Korean GDP. Nokia represented 26% of Finnish GDP!

25 Mar 2020 Leave a comment

by Jim Rose in business cycles, economic growth, industrial organisation, macroeconomics

From https://scholar.harvard.edu/files/xgabaix/files/granular_origins.pdf

Robert Lucas defines a DSGE model

25 Mar 2020 Leave a comment

by Jim Rose in business cycles, econometerics, macroeconomics, Robert E. Lucas

From https://www.economicdynamics.org/newsletter-nov-2012/

Did real business cycle theory ignore depressions?

25 Mar 2020 Leave a comment

Image by Jim Rose

Edward Prescott on the #GFC

24 Mar 2020 Leave a comment

by Jim Rose in budget deficits, business cycles, economic growth, Edward Prescott, fiscal policy, global financial crisis (GFC), great recession, labour economics, labour supply, macroeconomics, public economics Tags: , , ,

Robert Barro on Rare Events

24 Mar 2020 Leave a comment

by Jim Rose in business cycles, econometerics, economic history, financial economics, great depression, great recession, macroeconomics

From https://www.economicdynamics.org/newsletter-april-2009/

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