Sound Money Project Interview Series: George Selgin
15 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, comparative institutional analysis, economic growth, economic history, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, inflation targeting, macroeconomics, monetarism, monetary economics Tags: monetary policy
The reduced supply of safe assets
07 Nov 2021 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, international economics, law and economics, macroeconomics, monetarism, monetary economics, public economics Tags: monetary policy
Valerie Ramey on Stimulus and Multipliers 10/24/2011
07 Nov 2021 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, public economics
Determining the Value of Money: Next Steps for the Fiscal Theory of the Price Level
07 Nov 2021 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas Tags: inflation, monetary policy
Finn E. Kydland’s (Nobel Laureate) Speech at the WHU – New Year’s Conference 17
27 Oct 2021 Leave a comment
in budget deficits, business cycles, development economics, econometerics, economic growth, economic history, economics of regulation, entrepreneurship, fiscal policy, global financial crisis (GFC), great recession, growth disasters, growth miracles, human capital, labour economics, labour supply, macroeconomics, monetary economics, poverty and inequality, Robert E. Lucas Tags: real business cycles
How intangible capital may explain rising labour productivity during recessions
26 Oct 2021 Leave a comment
in applied price theory, business cycles, economic growth, economic history, Edward Prescott, entrepreneurship, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics
“The sharp drop in intangible investment contributes to a decline in actual economic output greater than that measured by official government GDP accounts. This implies that in the actual U.S. economy, true labor productivity declined significantly during the recent recession—a finding consistent with established aggregate theory based on the neoclassical model of economic growth. Thus, McGrattan and Prescott’s experiment solves the labor productivity puzzle by reconciling the apparent mismatch between theory and economic data that show labor productivity bucking the GDP trend. “The addition of intangible capital and non- neutral technology to the model was crucial in accounting for high productivity and low GDP during the period,” they write.”
From https://www.minneapolisfed.org/article/2012/unmeasured-investment
After Dodd Frank: John H. Cochrane
20 Oct 2021 Leave a comment
in applied welfare economics, Austrian economics, business cycles, comparative institutional analysis, economic history, economics of information, economics of regulation, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, industrial organisation, law and economics, macroeconomics, monetary economics, property rights
Hayek Lecture 2011: Robert Barro on ‘Fiscal-Stimulus Packages’
18 Oct 2021 Leave a comment
in applied price theory, Austrian economics, budget deficits, business cycles, econometerics, economic growth, economic history, economics of bureaucracy, Euro crisis, F.A. Hayek, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, inflation targeting, job search and matching, labour economics, labour supply, macroeconomics, monetarism, monetary economics, Public Choice, unemployment
Utopia, you are standing in it! 
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