From https://www.ubs.com/microsites/nobel-perspectives/en/laureates/thomas-sargent.html
Tom Sargent on fiscal and monetary policy
11 Apr 2020 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, public economics, unemployment
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
wage cuts are so common that they throw efficient contracting theory into doubt
28 Mar 2020 Leave a comment
in industrial organisation, job search and matching, labour economics, labour supply
From https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.33.3.185
Employees are more likely to accept cuts in hours than cuts in wages per hour because a reduction in hours reduces output and profits for the employer too and therefore is less likely to be opportunistic.
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
Lucas and Sargent (1979) on propagation in equilibrium business cycle models
28 Feb 2020 Leave a comment
Does neoclassical macroeconomics rule out depressions?
27 Feb 2020 Leave a comment
in business cycles, econometerics, economic history, Edward Prescott, global financial crisis (GFC), great depression, great recession, history of economic thought, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, politics - USA, public economics, Robert E. Lucas, unemployment, unions Tags: Keynesian macroeconomics, new classical macroeconomics, New Keynesian macroeconomics, real business cycle theory
Why is the lesbian pay gap so positively large in the USA?
24 Feb 2020 Leave a comment
in discrimination, economics of education, gender, human capital, job search and matching, labour economics, labour supply, occupational choice
Is slow growth the new normal?
04 Feb 2020 Leave a comment
in budget deficits, business cycles, economic growth, economic history, Euro crisis, global financial crisis (GFC), great recession, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, Public Choice Tags: Eurosclerosis
Utopia, you are standing in it! 
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