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
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
100 years on New Zealand unemployment rates
31 Mar 2020 1 Comment
in business cycles, economic history, great depression, job search and matching, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics, New Keynesian macroeconomics, New Zealand
Novak and Davidson on interwar unemployment
31 Mar 2020 Leave a comment
in business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics, New Keynesian macroeconomics
A century of Australian unemployment rates
30 Mar 2020 1 Comment
in business cycles, economic history, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Australia
From https://www.abs.gov.au/ausstats/abs@.nsf/previousproducts/1301.0feature%20article142001
The unemployment rate then increased rapidly to 19.3% in 1930, before reaching a peak of 29.0% in 1932, in response to the economic conditions of the Great Depression. This unprecedented high rate of unemployment persisted for two years, before the unemployment rate fell rapidly to below 10% by 1937.
NZ government cut everything that could be cut by 20% in 1931
29 Mar 2020 7 Comments
in business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics
Lee Ohanian on dynamic general equilibrium models to study the Great Depression
26 Mar 2020 Leave a comment
in business cycles, econometerics, economic growth, economic history, financial economics, great depression, history of economic thought, macroeconomics, monetary economics
NZ Great Depression ended by 1935 because of fiscal austerity
26 Mar 2020 Leave a comment
in business cycles, economic history, fiscal policy, great depression, macroeconomics
Robert Barro on Rare Events
24 Mar 2020 Leave a comment
in business cycles, econometerics, economic history, financial economics, great depression, great recession, macroeconomics
The dangers of inaccurate statistics
24 Mar 2020 Leave a comment
in business cycles, econometerics, economic history, great depression, job search and matching, labour economics, labour supply, monetary economics, unemployment
Plosser on money and business cycles
20 Mar 2020 Leave a comment
in business cycles, econometerics, economic history, financial economics, great depression, industrial organisation, labour economics, labour supply, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: Keynesian macroeconomics, real business cycle theory
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