
The day Minsky macroeconomics died! Instability can’t be fixed so easily?
23 Nov 2019 Leave a comment
in budget deficits, business cycles, economic history, Euro crisis, financial economics, global financial crisis (GFC), great depression, great recession, macroeconomics, monetarism, monetary economics, Public Choice Tags: asymmetric information, bank runs, banking panics, deposit insurance, economics of central banking, Keynesian macroeconomics, moral hazard, Post-Keynesian macroeconomics

Only rational expectations macroeconomics can explain self-fulfilling crises
01 Nov 2019 Leave a comment
in applied price theory, budget deficits, business cycles, currency unions, economic growth, economic history, economics of bureaucracy, economics of information, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics, Public Choice Tags: Euroland, rational expectations, sovereign defaults

35 years later: Diamond-Dybvig model of bank runs
16 Oct 2019 Leave a comment
in applied price theory, applied welfare economics, business cycles, comparative institutional analysis, economic growth, economic history, global financial crisis (GFC), great depression, great recession, income redistribution, industrial organisation, law and economics, macroeconomics, monetary economics, property rights, Public Choice, rentseeking, survivor principle Tags: bank panics, bank runs, deposit insurance
A 1962 review summarises pre-Keynesian macroeconomics of mass unemployment
09 Oct 2019 Leave a comment
in business cycles, economic growth, great depression, great recession, history of economic thought, labour economics, labour supply, macroeconomics, monetary economics

V.V. Chari testifies on modern macroeconomics and information prerequisites to predicting the GFC
09 Oct 2019 Leave a comment

Richard Posner: Fiscal Irresponsibility Clouds the Future
23 Sep 2019 Leave a comment
in economic history, economics of bureaucracy, financial economics, fiscal policy, global financial crisis (GFC), great recession, industrial organisation, law and economics, macroeconomics, monetary economics, Public Choice, Richard Posner Tags: bank panics
Richard Allen Posner on crisis in capitalism
08 Sep 2019 Leave a comment
in budget deficits, business cycles, comparative institutional analysis, economic growth, economic history, economics of information, Euro crisis, financial economics, global financial crisis (GFC), great recession, industrial organisation, law and economics, macroeconomics, monetary economics, Richard Posner Tags: bank panics
V.V. Chari testifies on the information assumptions of modern macroeconomics and the risk of financial crises
03 Sep 2019 Leave a comment

V.V. Chari testifies on modern macroeconomics and financial crises
31 Aug 2019 Leave a comment
in budget deficits, business cycles, Edward Prescott, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics, Robert E. Lucas Tags: new classical macroeconomics, New Keynesian macroeconomics, real business cycles







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