Nobel Symposium Ellen Mcgrattan Modern DSGE models: Theory and evidence
16 Aug 2018 Leave a comment
in business cycles, economic growth, global financial crisis (GFC), great recession, macroeconomics Tags: real business cycles
From Lucas and Sargent’s After Keynesian Macroeconomics 1979
15 Aug 2018 Leave a comment
in budget deficits, business cycles, economic growth, great recession, history of economic thought, macroeconomics, monetary economics, Robert E. Lucas Tags: conjecture and refutation, Keynesian macroeconomics, stagflation, Thomas Sargent
The Queen didn’t ask Keynesians about not predicting the 1970s stagflation, a phenomenon their macroeconomics strictly forbade
15 Aug 2018 2 Comments
in budget deficits, business cycles, economic growth, economic history, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, monetary economics Tags: conjecture and refutation, Keynesian macroeconomics, stagflation
Source: Kehoe, Midrigan and Pastorino 2018.
Ellen McGrattan, Intangible Capital and Measured Productivity
14 Aug 2018 Leave a comment
in business cycles, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: real business cycles
@dandolfa on how Keynesian macroeconomics is just to good to be true
12 Aug 2018 Leave a comment
in applied price theory, business cycles, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics Tags: Keynesian macroeconomics
My favorite Greg Mankiw quote on the influence of modern macroeconomics
26 Jul 2018 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: Greg Mankiw
Thomas Sargent v. @AnnPettifor on macroeconomics before the #GFC
24 Apr 2018 Leave a comment
in budget deficits, business cycles, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics, Public Choice Tags: monetary cranks, Thomas Sargent
Game of Theories: The Great Recession
06 Dec 2017 Leave a comment
in budget deficits, business cycles, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, macroeconomics, Public Choice, rentseeking
The Great Recession
14 Nov 2016 Leave a comment
in Euro crisis, fiscal policy, global financial crisis (GFC), great recession, macroeconomics
Tom Sargent on Macroeconomic Theory and the Crisis
12 Jun 2016 Leave a comment
in business cycles, currency unions, economics, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: Tom Sargent
Equilibrium unemployment rate: USA, UK, France, Germany, Canada & Australia, 1985-2017
02 Jun 2016 Leave a comment
in business cycles, economic growth, economic history, global financial crisis (GFC), great recession, labour economics, labour supply, unemployment Tags: British economy, Canada, equilibrium unemployment rate, France, Germany, natural unemployment rate
I do admire the way in which the USA has been able to have a steadily falling equilibrium unemployment rate since 1984 through thick and thin. The Great Recession had no impact on the US equilibrium unemployment rate. Not only has the largest member been able to do this, the OECD host country (red squares) has had a pretty steady natural unemployment rate too all things considered.
Source: OECD Economic Outlook June 2016 Data extracted on 01 Jun 2016 12:40 UTC (GMT) from OECD.Stat
Utopia, you are standing in it! 
Recent Comments