Sargent (1981) on the credibility of Thatcherism

30 Nov 2019 Leave a comment

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Sargent (1981) on the unpleasant monetary arithmetic of Thatcherism

29 Nov 2019 Leave a comment

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The day Minsky macroeconomics died! Instability can’t be fixed so easily?

23 Nov 2019 Leave a comment

by Jim Rose 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: , , , , , , ,

V.V. Chari testifies on the evolution of modern macroeconomics

17 Oct 2019 Leave a comment

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A monetary stimulus is back in the news

04 Oct 2019 Leave a comment

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Edward Prescott on money and the business cycle

07 Aug 2019 Leave a comment

by Jim Rose in business cycles, econometerics, Edward Prescott, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: ,

Lucas and Stokey explain bank runs

08 Jul 2019 Leave a comment

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Alan Walters predicted this in the 1960s

06 Jul 2019 Leave a comment

by Jim Rose in economic history, macroeconomics, monetarism, monetary economics

THE SUCCESS OF THE FED AND THE DEATH OF MONETARISM. By: KISHOR, N. KUNDAN, KOCHIN, LEVIS A., Economic Inquiry, Jan2007, Vol. 45, Issue 1

Why do Keynesian macroeconomists still bother?

29 Jun 2019 Leave a comment

by Jim Rose in business cycles, fiscal policy, macroeconomics, monetarism, monetary economics

Chari, V. V., Patrick J. Kehoe, and Ellen R. McGrattan. 2009. “New Keynesian Models: Not Yet Useful for Policy Analysis.” American Economic Journal: Macroeconomics, 1 (1): 242-66.

Sargent on history as written by the late switchers, saying I thought of that too; said so in a footnote, in a seminar or as an aside. But Sargent was at Berkeley, knowing who is against everything he, Lucas and others said

23 Jun 2019 Leave a comment

by Jim Rose in business cycles, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics

From http://www.tomsargent.com/research/romers3.pdf Reactions to the Berkeley story Thomas J. Sargent October 21, 2002

On Milton Friedman | Murray N. Rothbard 1970

25 Apr 2019 Leave a comment

by Jim Rose in applied price theory, Austrian economics, budget deficits, business cycles, economic history, entrepreneurship, fiscal policy, great depression, macroeconomics, Milton Friedman, monetarism, Murray Rothbard Tags:

Hyperinflation illustrated

12 Dec 2018 Leave a comment

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Which dead macroeconomist is to blame to monetary policy prior to the GFC?

19 Sep 2018 Leave a comment

by Jim Rose in budget deficits, business cycles, fiscal policy, global financial crisis (GFC), great recession, macroeconomics, monetarism, monetary economics Tags:

New Keynesian macroeconomics isn’t a progressive research programme

06 Aug 2018 Leave a comment

by Jim Rose in budget deficits, business cycles, economic growth, fiscal policy, great depression, history of economic thought, macroeconomics, monetarism, monetary economics, Robert E. Lucas Tags:

My favorite Greg Mankiw quote on the influence of modern macroeconomics

26 Jul 2018 Leave a comment

by Jim Rose in budget deficits, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetarism, monetary economics Tags:

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