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
George Selgin | American Institute for Economic Research
17 Oct 2021 Leave a comment
in Austrian economics, business cycles, economic history, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics
Chris Sims – “How to Worry About Government Debt”
15 Oct 2021 Leave a comment
in budget deficits, business cycles, economic growth, economic history, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, monetary economics
Robert Lucas sums up business cycles
11 Oct 2021 Leave a comment
in business cycles, economic history, Edward Prescott, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetary economics, Robert E. Lucas Tags: real business cycles
Ellen McGrattan on the Great Recession
11 Oct 2021 Leave a comment
in applied price theory, business cycles, economic growth, economic history, economics of education, Edward Prescott, entrepreneurship, financial economics, global financial crisis (GFC), great recession, history of economic thought, human capital, industrial organisation, labour economics, labour supply, macroeconomics, occupational choice, survivor principle Tags: real business cycles
Fiscal sentiment and the Great Recession
10 Oct 2021 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, entrepreneurship, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
Bob Murphy Show ep 175: David Andolfatto Defends the Fed
09 Oct 2021 Leave a comment
in Austrian economics, business cycles, economic growth, economic history, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, inflation targeting, job search and matching, macroeconomics, monetarism, monetary economics
Thomas Sargent, “Estados Unidos antes, Europa ahora”
08 Oct 2021 Leave a comment
in budget deficits, business cycles, economic history, financial economics, fiscal policy, George Stigler, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy, sovereign defaults
George Selgin, 2016 conference: ‘Quantitative Easing. Triumph or Folly?’
06 Oct 2021 Leave a comment
in business cycles, economic history, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: monetary policy
Edward Prescott: Labor Reform and Crisis Recovery – Barcelona GSE
05 Oct 2021 Leave a comment
in business cycles, economic growth, Edward Prescott, fiscal policy, global financial crisis (GFC), great depression, great recession, labour economics, labour supply, macroeconomics, monetary economics, unemployment
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