From Five Macroeconomic Myths
Prescott, Edward C.
Wall Street Journal
11 Dec 2006.
Edward Prescott on monetary policy and the business cycle
06 Jul 2019 Leave a comment
in business cycles, Edward Prescott, macroeconomics, monetary economics
Edward Prescott on Japan’s Lost Decade and the end of the 6-day working week
06 Jul 2019 Leave a comment
in business cycles, economic growth, economics of regulation, Edward Prescott, labour supply
How neoclassical are New Keynesian dynamic stochastic general equilibrium models?
01 Jul 2019 Leave a comment
in business cycles, history of economic thought, macroeconomics
In sum, New Keynesian models are most certainly not reincarnations of textbook IS–LM models with maximization added on. Rather, they are real business cycle models augmented with a few distortions—typically sticky prices and monopoly power—and shocks that do little to contribute to fluctuations or influence the nature of optimal policy
From Kehoe, Patrick J., Virgiliu Midrigan, and Elena Pastorino. 2018. “Evolution of Modern Business Cycle Models: Accounting for the Great Recession.” Journal of Economic Perspectives, 32 (3): 141-66.
From Champ and Freeman
01 Jul 2019 Leave a comment
in business cycles, econometerics, macroeconomics, monetary economics Tags: monetary neutrality
Robert Lucas on unemployment
30 Jun 2019 Leave a comment
in applied price theory, business cycles, labour economics, labour supply, macroeconomics, monetary economics, Robert E. Lucas, unemployment Tags: search and matching
Why do Keynesian macroeconomists still bother?
29 Jun 2019 Leave a comment
in business cycles, fiscal policy, macroeconomics, monetarism, monetary economics
Chari, V. V., Patrick J. Kehoe, and Ellen R. McGrattan. 2009. “New Keynesian Models: Not Yet Useful for Policy Analysis.” American Economic Journal: Macroeconomics, 1 (1): 242-66.
Stephen Williamson on the flimsy foundations of Keynesian macroeconomics
29 Jun 2019 Leave a comment
in applied price theory, business cycles, economics of information, labour economics, labour supply, macroeconomics, monetary economics Tags: Keynesian macroeconomics
Sargent on history as written by the late switchers, saying I thought of that too; said so in a footnote, in a seminar or as an aside. But Sargent was at Berkeley, knowing who is against everything he, Lucas and others said
23 Jun 2019 Leave a comment
in business cycles, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics
From http://www.tomsargent.com/research/romers3.pdf Reactions to the Berkeley story Thomas J. Sargent October 21, 2002
Business Cycles and the Great Recession | Lawrence H. White
19 Jun 2019 Leave a comment
in Austrian economics, budget deficits, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics Tags: Austrian business cycle theory
James Buchanan on Chicago School Thinking: Old and New
14 Jun 2019 Leave a comment
in business cycles, comparative institutional analysis, economic growth, economics of information, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetary economics
Edward C. Prescott – How to Restore US Prosperity?
12 Jun 2019 Leave a comment
in budget deficits, business cycles, economic growth, Edward Prescott, fiscal policy, great recession, macroeconomics, monetary economics Tags: real business cycle theory
Utopia, you are standing in it! 
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