Robert Lucas interview in Brazil, 2nd November 2012
24 Jan 2015 Leave a comment
in applied welfare economics, business cycles, comparative institutional analysis, development economics, economic growth, global financial crisis (GFC), great recession, growth disasters, growth miracles, inflation targeting, macroeconomics, monetarism, Robert E. Lucas Tags: Robert E. Lucas
Economic Rebounds in U.S. and Euro Zone: Deceivingly Similar, Strikingly Different
20 Jan 2015 Leave a comment
in business cycles, Euro crisis, global financial crisis (GFC), great recession, labour economics, macroeconomics, unemployment Tags: Euroland


via Economic Rebounds in U.S. and Euro Zone: Deceivingly Similar, Strikingly Different – Dallas Fed.
A Balanced-Growth View of Men’s and Women’s Unbalanced Labor Market Recoveries
19 Jan 2015 Leave a comment
in global financial crisis (GFC), great recession, labour economics, labour supply, macroeconomics, unemployment Tags: jobless recovery
Interview with Robert Lucas on the global financial crisis and the great recession
17 Dec 2014 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetarism, monetary economics Tags: bank runs, GFC, great depression, great recession, Robert E. Lucas
Robert Lucas on Depression era policies and current financial crisis
14 Dec 2014 Leave a comment
in global financial crisis (GFC), great depression, great recession, macroeconomics, Robert E. Lucas Tags: great depression, great recession, Robert Lucas
Does inequality lead to a financial crisis? | VOX, CEPR’s Policy Portal
13 Dec 2014 Leave a comment
in business cycles, economic growth, global financial crisis (GFC), great recession, macroeconomics Tags: GFC, top 1%
Figure 1. Change in loans versus changes in top 1% income shares, 14 countries, 1972–2008

via Does inequality lead to a financial crisis? | VOX, CEPR’s Policy Portal.
The Grumpy Economist: What’s wrong with macro?
06 Dec 2014 Leave a comment
in business cycles, fiscal policy, global financial crisis (GFC), great recession, macroeconomics, monetary economics, politics - USA Tags: Macroeconomics
Economic policy uncertainty in the European Union
01 Dec 2014 1 Comment
in Euro crisis, global financial crisis (GFC), great recession, macroeconomics Tags: euro crisis, regime uncertainty
Source: Nicholas Bloom (2014) – all data at www.policyuncertainty.com. Data normalized to 100 prior to 2010.
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Economic policy uncertainty in the USA
01 Dec 2014 Leave a comment
in business cycles, global financial crisis (GFC), great recession, macroeconomics, politics - USA Tags: great recession, Nicholas Bloom, regime uncertainty
Source: Nicholas Bloom (2014) – all data at www.policyuncertainty.com. Data normalized to 100 prior to 2010.
Avoiding Lost Decades: European Edition | Econbrowser
29 Nov 2014 Leave a comment
in economic growth, Euro crisis, global financial crisis (GFC), great recession, macroeconomics Tags: euro crisis, Euroland
The great stagnation continues
19 Nov 2014 Leave a comment
in global financial crisis (GFC), great recession, politics - USA Tags: GFC, Great Deviation, The Great Recession
Operations Research and The Revolution in Aggregate Economics – Edward Prescott 2012
18 Nov 2014 Leave a comment
in applied welfare economics, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics Tags: Edward Prescott, real business cycle theory
The extension of recursive methods to dynamic equilibrium modelling spawned a revolution in aggregate economics.
This revolution has resulted in aggregate economics becoming, like physics, a hard science and not exercises in storytelling.
Operations research played a major role in the development of practical methods to model dynamic aggregate economic phenomena and to predict the consequences of policy regimes.
Subsequently recursive methods were used to develop a quantitative theory of aggregate fluctuations and other aggregate phenomena.









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