Did fiscal austerity in 2010 have credible academic support?

05 Aug 2015 1 Comment

Image by Jim Rose

Did the GFC catch modern macroeconomists by surprise?

03 Aug 2015 Leave a comment

by Jim Rose in budget deficits, business cycles, currency unions, economic growth, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, law and economics, macroeconomics, monetary economics Tags: , , , ,

via Interview with Thomas Sargent | Federal Reserve Bank of Minneapolis

‏@sjwrenlewis The stimulus package ignored what we have learned in the last 60 years of macroeconomic research

02 Aug 2015 Leave a comment

by Jim Rose in budget deficits, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: , , , , ,

Interview with Thomas Sargent | Federal Reserve Bank of Minneapolis.

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Italy compared to Greece – bust without the boom

31 Jul 2015 1 Comment

by Jim Rose in business cycles, currency unions, economic growth, economic history, Euro crisis, global financial crisis (GFC), macroeconomics Tags: , , ,

via Italy is the most likely country to leave the euro – The Washington Post.

Is the socialist solution to the Greek economic crisis working?

25 Jul 2015 Leave a comment

by Jim Rose in budget deficits, business cycles, currency unions, economic growth, Euro crisis, fiscal policy, global financial crisis (GFC), international economics, law and economics, macroeconomics, monetary economics, property rights Tags: , , , ,

Finland is the poster child for why the euro doesn’t work

24 Jul 2015 Leave a comment

by Jim Rose in business cycles, currency unions, economic growth, Euro crisis, global financial crisis (GFC), macroeconomics Tags: , , ,

via Finland is the poster child for why the euro doesn’t work – The Washington Post.

Unemployment rates by education in the USA

21 Jul 2015 Leave a comment

by Jim Rose in business cycles, economics of education, global financial crisis (GFC), great recession, human capital, job search and matching, labour economics, labour supply, macroeconomics, unemployment Tags: ,

Trends in labour market freedom in the UK, USA, Germany and France – Index of Economic Freedom rankings

21 Jul 2015 Leave a comment

by Jim Rose in economic history, economics of regulation, global financial crisis (GFC), job search and matching, labour economics, labour supply, law and economics, minimum wage, politics - USA, unions Tags: , , , , , ,

The writers of the Index of Economic Freedom at the Heritage foundation really loves the USA and didn’t think much of the Conservative Party – Liberal Democratic Party coalition government because labour market freedom actually fell in the UK during their administration. Bring back Tony Blair, all is forgiven. The information on their website throws no insight into why this reduction in labour market freedom in Britain happened.

Figure 1: Index of Economic Freedom, Argentina, Brazil, Chile and Venezuela, 95 – 2015 image

Source: Index of Economic Freedom 2015.

Fortunately for Germany, labour market freedom increased over the course of the global financial crisis and its aftermath. This helps explains low unemployment in Germany during that period. Nothing much happened in France in regard to labour market freedom.

Greece debt crisis in 90 seconds

18 Jul 2015 Leave a comment

by Jim Rose in economic growth, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, international economics, law and economics Tags: ,

A lot of countries borrowed a lot of money recently

18 Jul 2015 Leave a comment

by Jim Rose in budget deficits, fiscal policy, global financial crisis (GFC), great recession, macroeconomics Tags: , , , , ,

John Cochrane on a big hole in the Greek bailout (and media analysis of the bailout)

15 Jul 2015 Leave a comment

by Jim Rose in currency unions, Euro crisis, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: , , , , , ,

via The Grumpy Economist: Greece again.

There were large cross-country differences in long-term unemployment duration both before and after the GFC

15 Jul 2015 Leave a comment

by Jim Rose in Euro crisis, global financial crisis (GFC), great recession, job search and matching, labour economics, labour supply, macroeconomics, unemployment, welfare reform Tags: , , ,

Unemployment rates across OECD member countries

14 Jul 2015 Leave a comment

by Jim Rose in Euro crisis, global financial crisis (GFC), great recession, job search and matching, labour economics, macroeconomics, unemployment Tags:

Greek and US great depressions compared

14 Jul 2015 Leave a comment

by Jim Rose in business cycles, currency unions, economic growth, economic history, Euro crisis, global financial crisis (GFC), great depression, great recession, job search and matching, labour economics, macroeconomics, unemployment Tags:

https://twitter.com/ianbremmer/status/620570062538309632/photo/1

Financial crises surprisingly common, but few countries close their banks

10 Jul 2015 Leave a comment

by Jim Rose in business cycles, currency unions, economic history, economics of regulation, Euro crisis, financial economics, global financial crisis (GFC), law and economics, macroeconomics, monetary economics, property rights Tags: , , , , ,

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