fiscal policy | Utopia, you are standing in it! | Page 21

What is deficient aggregate demand?

20 Apr 2020 Leave a comment

by Jim Rose in business cycles, economic growth, Edward Prescott, fiscal policy, macroeconomics, monetary economics Tags: real business cycle theory

Infrastructure spending is back in the news @jamespeshaw @NZGreens @TaxpayersUmion

19 Apr 2020 Leave a comment

by Jim Rose in economic history, economics of bureaucracy, fiscal policy, industrial organisation, managerial economics, organisational economics, politics - New Zealand, Public Choice, rentseeking, transport economics, urban economics Tags: megaprojects, The fatal conceit

Still more on #marilynwaring and economists ignoring home production @waring_marilyn @women_nz

17 Apr 2020 Leave a comment

by Jim Rose in business cycles, development economics, discrimination, econometerics, economic growth, economics of love and marriage, fiscal policy, gender, human capital, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality Tags: female labour force participation, female labour supply, gender wage gap, marital division of labour, marital labour supply

from https://www.jstor.org/stable/10.1086/316102?seq=1#metadata_info_tab_contents

Perspective: Marilyn Waring questions how the #GDP is calculated: "The single largest sector of the economy is #UnpaidChildcare. The second largest sector is all the rest of the unpaid work before banking and insurance."#TedTalk #MarilynWaring
https://t.co/Fm12q5qfuo
— Institute for Gender and the Economy (@GenderEconomy) February 8, 2020

50 years on and unpaid labour is still #undervalued and seen as #womenswork. #MarilynWaring #AnneManne @THEMONTHLY: https://t.co/5195qceskc
— WGEA (@WGEAgency) May 17, 2018

The lags on fiscal policy infrastructure spending are even longer

16 Apr 2020 Leave a comment

by Jim Rose in applied price theory, business cycles, economics of bureaucracy, economics of information, fiscal policy, macroeconomics, monetary economics, Public Choice

From https://economistsview.typepad.com/economistsview/2008/12/policy-lags.html

The growth of government stopped in Europe in the 1980s

14 Apr 2020 Leave a comment

by Jim Rose in economic history, fiscal policy, public economics

Avoiding the worst. To avoid the hecatomb, what is required is a social State, not a prison State. The right reaction to the crisis should be to revive the rise of the social State in the North, and especially to accelerate its developement in the South.https://t.co/bVU7153Nwc pic.twitter.com/cpG2cS8dr9
— Thomas Piketty (@PikettyWIL) April 14, 2020

David Levine on Keynes

12 Apr 2020 Leave a comment

by Jim Rose in budget deficits, business cycles, fiscal policy, history of economic thought, labour supply, macroeconomics, unemployment

From http://www.dklevine.com/general/illusion.5.htm

Tom Sargent on fiscal and monetary policy

11 Apr 2020 Leave a comment

by Jim Rose in budget deficits, business cycles, economic growth, fiscal policy, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, public economics, unemployment

From https://www.ubs.com/microsites/nobel-perspectives/en/laureates/thomas-sargent.html

Ricardian equivalence

11 Apr 2020 Leave a comment

by Jim Rose in applied price theory, financial economics, fiscal policy, macroeconomics, public economics

From https://growthecon.com/assets/CRAIG_et_al-2015.pdf

Bankrupting America

09 Apr 2020 Leave a comment

by Jim Rose in fiscal policy, health economics, public economics Tags: economics of pandemics

Policy in 60 Seconds: Why we need a nationwide rates freeze… NOW

06 Apr 2020 Leave a comment

by Jim Rose in economics of bureaucracy, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics Tags: economics of pandemics, taxation and entrepreneurship, taxation and investment

Joe Stiglitz predicts

06 Apr 2020 Leave a comment

Image by Jim Rose

Australia rocketed out of the depression after the Premier’s Plan! NZ did too after cutting everything that could be cut by 20% in 1931

31 Mar 2020 1 Comment

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

From https://www.brookings.edu/wp-content/uploads/2009/09/2009b_bpea_reinhart.pdf

The 1931 massive fiscal contraction should have slowed the NZ recovery if Keynesian macroeconomics is worth more than a grain of salt

31 Mar 2020 7 Comments

by Jim Rose in budget deficits, business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, monetary economics, public economics, unemployment Tags: Keynesian macroeconomics, new classical macroeconomics, New Keynesian macroeconomics, New Zealand

Novak and Davidson on interwar unemployment

31 Mar 2020 Leave a comment

by Jim Rose in business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics, New Keynesian macroeconomics

NZ government cut everything that could be cut by 20% in 1931

29 Mar 2020 7 Comments

by Jim Rose in business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics

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