great recession | Utopia, you are standing in it! | Page 19

Did fiscal austerity in 2010 have credible academic support?

05 Aug 2015 1 Comment

#Greece austerity gauge. Greek government spending has fallen 20% since 2008. In UK and Italy it's up. #GreekCrisis http://t.co/WMQBxxVFqq—
RBS Economics (@RBS_Economics) July 07, 2015

One measure of the scale of austerity in Greece…and other advanced economies. http://t.co/PxCLagdd3L—
RBS Economics (@RBS_Economics) July 06, 2015

The employment level in #Greece is back to where it was in 1985. It's the equivalent of the UK losing 6 million jobs. http://t.co/AAWHMEFwfK—
RBS Economics (@RBS_Economics) July 06, 2015

Image by Jim Rose

Did the GFC catch modern macroeconomists by surprise?

03 Aug 2015 Leave a comment

by Jim Rose in budget deficits, business cycles, currency unions, economic growth, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, law and economics, macroeconomics, monetary economics Tags: bank panics, bank runs, banking crises, currency crises, Thomas Sargent

via Interview with Thomas Sargent | Federal Reserve Bank of Minneapolis

‏@sjwrenlewis The stimulus package ignored what we have learned in the last 60 years of macroeconomic research

02 Aug 2015 Leave a comment

by Jim Rose in budget deficits, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: Brad Delong, fiscal multiplier, fiscal stimulus, Larry Summers, New Keynesian macroeconomics, Thomas Sargent

@CJFDillow @dynarski @sjwrenlewis
2009 stimulus package ignored what we learned in last 60 years of macro researchhttps://t.co/rvQQnRGaUY

— Jim Rose (@JimRosenz) August 1, 2015

@sjwrenlewis @CJFDillow @dynarski NKE is the triumph of monetarism says Brad @delong http://t.co/JFQwJlpPV9

— Jim Rose (@JimRosenz) August 1, 2015

@sjwrenlewis @CJFDillow @dynarski summers @delong say fiscal multiplier = zero outside of liquidity trap http://t.co/MSGuwpOI6P

— Jim Rose (@JimRosenz) August 1, 2015

@sjwrenlewis @CJFDillow @dynarski @delong Martin Bailey: at ZLB is profitable to level Rocky Mountains for new land http://t.co/HYgTpCCSqt

— Jim Rose (@JimRosenz) August 2, 2015

Interview with Thomas Sargent | Federal Reserve Bank of Minneapolis.

.

Unemployment rates by education in the USA

21 Jul 2015 Leave a comment

by Jim Rose in business cycles, economics of education, global financial crisis (GFC), great recession, human capital, job search and matching, labour economics, labour supply, macroeconomics, unemployment Tags: education premium, labour market demographics

June jobless rate for people 25+ with
B.A. or more 2.5%
High school diploma 5.4%
No H.S. 8.2%
on.wsj.com/1LG1B6z http://t.co/luUUuw9h1V—
Sudeep Reddy (@Reddy) July 02, 2015

Greece debt crisis in 90 seconds

18 Jul 2015 Leave a comment

by Jim Rose in economic growth, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, international economics, law and economics Tags: Greece, sovereign defaults

A lot of countries borrowed a lot of money recently

18 Jul 2015 Leave a comment

by Jim Rose in budget deficits, fiscal policy, global financial crisis (GFC), great recession, macroeconomics Tags: Greece, Italy, Japan, sovereign debt, sovereign default, Spain

Greece is unlikely to be the last sovereign debt restructuring of this cycle wsj.com/articles/greec… via @greg_ip http://t.co/YnvOuDurDL—
Nick Timiraos (@NickTimiraos) July 16, 2015

John Cochrane on a big hole in the Greek bailout (and media analysis of the bailout)

15 Jul 2015 Leave a comment

by Jim Rose in currency unions, Euro crisis, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: bank runs, banking panics, Greece, John Cochrane, lender of last resort, sovereign bailouts, sovereign default

An average of 41% of Greek bank assets are non-performing, with loan repayments 90 days overdue or more (Barclays). http://t.co/HfXV8uapkj—
Mike Bird (@Birdyword) July 13, 2015

via The Grumpy Economist: Greece again.

There were large cross-country differences in long-term unemployment duration both before and after the GFC

15 Jul 2015 Leave a comment

by Jim Rose in Euro crisis, global financial crisis (GFC), great recession, job search and matching, labour economics, labour supply, macroeconomics, unemployment, welfare reform Tags: equilibrium unemployment rate, Eurosclerosis, natural unemployment rate, unemployment duration

77% more long-term unemployed people than before the crisis – We need them back in work! bit.ly/1JTTzYm #Jobs http://t.co/EFRGclFVms—
OECD Social (@OECD_Social) July 10, 2015

Hysteresis in practice, Delong-Summers Variety @delong @LHSummers http://t.co/urqxQBi6NE—
Roger E. A. Farmer (@farmerrf) July 23, 2015

Unemployment rates across OECD member countries

14 Jul 2015 Leave a comment

by Jim Rose in Euro crisis, global financial crisis (GFC), great recession, job search and matching, labour economics, macroeconomics, unemployment Tags: unemployment rates

Greek and US great depressions compared

14 Jul 2015 Leave a comment

by Jim Rose in business cycles, currency unions, economic growth, economic history, Euro crisis, global financial crisis (GFC), great depression, great recession, job search and matching, labour economics, macroeconomics, unemployment Tags: Greece

https://twitter.com/ianbremmer/status/620570062538309632/photo/1

Greek Depression vs US Depression:
Unemployment http://t.co/81efYi5Ajy—
ian bremmer (@ianbremmer) July 13, 2015

The Spanish economic recovery compared

10 Jun 2015 Leave a comment

by Jim Rose in business cycles, currency unions, economic growth, Euro crisis, global financial crisis (GFC), great recession, macroeconomics Tags: Eurosclerosis, France, Germany, Italy, Spain

Spain's economic growth is being touted as a success story. Don't tell the Spaniards: on.wsj.com/1M45yzI http://t.co/pm4DAd1qkF—
Nick Timiraos (@NickTimiraos) June 03, 2015

What is the trend growth rate of the USA?

31 May 2015 Leave a comment

by Jim Rose in business cycles, economic growth, economic history, great depression, great recession, macroeconomics, politics - USA Tags: prosperity and depression

via Chad Jones (2015)

Where has all the productivity gone?

11 May 2015 Leave a comment

by Jim Rose in business cycles, economic growth, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics Tags: labour productivity, prosperity and depression, TFP

Britain has led most of the rich world in job creation, but badly lagged in productivity. on.wsj.com/1IiEjli http://t.co/URIFuFS9Il—
Sudeep Reddy (@Reddy) May 07, 2015

British economic recoveries compared

03 May 2015 Leave a comment

by Jim Rose in business cycles, global financial crisis (GFC), great depression, great recession, job search and matching, macroeconomics Tags: British economy, British general election, recessions and recoveries

Growth was good last year, will be okay in years to come. But overall? The slowest recovery in history #Budget2015 http://t.co/oMpkKpvIa1—
Fraser Nelson (@FraserNelson) March 18, 2015

College graduates don’t really notice recessions

02 May 2015 Leave a comment

by Jim Rose in business cycles, economics of education, great recession, human capital, labour economics, macroeconomics, occupational choice, politics - USA, unemployment Tags: College premium, education premium, labour demographics

Our monthly update on the question: should I stay in school? blogs.wsj.com/economics/2015… http://t.co/IaVxoAJmqe—
Josh Zumbrun (@JoshZumbrun) April 03, 2015

David Andolfatto

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Monetary Non-Neutrality

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Reason Magazine

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Thoughts from the North

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

My Journey Through the Best Presidential Biographies

Reading the Best Biographies of All Time

A History of the Alt-Right

Econ Prof at George Mason University, Economic Historian, Québécois

Bassett, Brash & Hide

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Truth on the Market

Scholarly commentary on law, economics, and more

The Undercover Historian

Beatrice Cherrier's blog

Matua Kahurangi

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Temple of Sociology

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Velvet Glove, Iron Fist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Why Evolution Is True

Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

A rural perspective with a blue tint by Ele Ludemann

DPF's Kiwiblog - Fomenting Happy Mischief since 2003

The Dangerous Economist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Watts Up With That?

The world's most viewed site on global warming and climate change

The Logical Place

Tim Harding's writings on rationality, informal logic and skepticism

A window into Doc Freiberger's library

The Risk-Monger

Let's examine hard decisions!

Commentary on monetary policy in the spirit of R. G. Hawtrey

Barrie Saunders

Thoughts on public policy and the media

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Politics and the economy

James Bowden's Blog

A blog (primarily) on Canadian and Commonwealth political history and institutions

Science Matters

Reading between the lines, and underneath the hype.

Economics, and such stuff as dreams are made on

A Venerable Puzzle

"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II

The Antiplanner

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

History of Sorts

WORLD WAR II, MUSIC, HISTORY, HOLOCAUST

Roger Pielke Jr.

Undisciplined scholar, recovering academic

Offsetting Behaviour

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

Conversable Economist

In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”

The Victorian Commons

Researching the House of Commons, 1832-1868

The History of Parliament

Articles and research from the History of Parliament Trust

Reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

Sex, Drugs and Economics

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

European Royal History

Exploring the Monarchs of Europe

Tallbloke's Talkshop

Cutting edge science you can dice with

Marginal REVOLUTION

Small Steps Toward A Much Better World

NOT A LOT OF PEOPLE KNOW THAT

“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.