
Only rational expectations macroeconomics can explain self-fulfilling crises
01 Nov 2019 Leave a comment
in applied price theory, budget deficits, business cycles, currency unions, economic growth, economic history, economics of bureaucracy, economics of information, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics, Public Choice Tags: Euroland, rational expectations, sovereign defaults

Are business cycles costly?
28 Oct 2019 Leave a comment
in applied welfare economics, business cycles, economic growth, economic history, Edward Prescott, macroeconomics, monetary economics, Robert E. Lucas Tags: real business cycles

35 years later: Diamond-Dybvig model of bank runs
16 Oct 2019 Leave a comment
in applied price theory, applied welfare economics, business cycles, comparative institutional analysis, economic growth, economic history, global financial crisis (GFC), great depression, great recession, income redistribution, industrial organisation, law and economics, macroeconomics, monetary economics, property rights, Public Choice, rentseeking, survivor principle Tags: bank panics, bank runs, deposit insurance
Deirdre McCloskey on why liberalism works
16 Oct 2019 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, economics of education, economics of regulation, entrepreneurship, growth disasters, growth miracles, health economics, human capital, income redistribution, industrial organisation, international economics, labour economics, law and economics, macroeconomics, Marxist economics, poverty and inequality, property rights, Public Choice, public economics, Rawls and Nozick, rentseeking, survivor principle Tags: The Great Enrichment
Piketty provoked economists to think more deeply on optimal top tax rates and how low they could be
13 Oct 2019 Leave a comment










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