
Mankiw on the dangerousness of real business cycle theory
28 Jan 2020 Leave a comment
in business cycles, Edward Prescott, macroeconomics Tags: real business cycle theory
“the day I see economists form a wolf pack or use delegitimisation tactics to descend on the rightwinger who uses ec theory to justify bad public policy, or general life cynicism, rather than vs the lefty who complains about him, is the day I’ll take their claims seriously” said David Gaeber
28 Jan 2020 Leave a comment
in business cycles, Edward Prescott, history of economic thought, macroeconomics

Larry Summers commenting in 1986 on real business cycle theory at https://www.minneapolisfed.org/research/qr/qr1043.pdf
NZ deposit insurance had $2b in claims because it included finance companies
27 Jan 2020 Leave a comment

Sums up modern monetary theory too
23 Jan 2020 Leave a comment
in business cycles, economic history, economics of information, financial economics, fiscal policy, macroeconomics, monetary economics Tags: hyperinflation, monetary cranks, monetary policy

.@cwcalomiris “Thinking Historically about Banking Crises and Bailouts”
20 Jan 2020 Leave a comment
in applied price theory, business cycles, econometerics, economic history, economics of information, economics of regulation, entrepreneurship, industrial organisation, law and economics, macroeconomics, monetary economics, politics - USA, Public Choice, public economics, rentseeking Tags: bank panics, bank runs, deposit insurance
Edward Prescott on the GFC
17 Jan 2020 Leave a comment
in business cycles, economic history, Edward Prescott, financial economics, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics, politics - USA Tags: New Keynesian macroeconomics, real business cycle theory










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