Next Steps for the Fiscal Theory of the Price Level

18 Apr 2022 Leave a comment

by Jim Rose in budget deficits, economic history, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics

From https://sites.google.com/view/margaretmjacobson/research

The quantity theory of money may not be as persuasive as in the past

18 Apr 2022 Leave a comment

From https://www.jstor.org/stable/135018

Image by Jim Rose

Speaking of supply bottlenecks

18 Apr 2022 Leave a comment

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

From https://www.richmondfed.org/publications/research/economic_quarterly/1998/summer/humphrey

A New Theory on What Causes Inflation with Economist John Cochrane

16 Apr 2022 Leave a comment

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

Freeman and Champ explain the Lucas revolution

15 Apr 2022 Leave a comment

by Jim Rose in business cycles, economic growth, history of economic thought, labour economics, labour supply, macroeconomics, monetarism, monetary economics, Robert E. Lucas, unemployment

Israel 1983: A bout of unpleasant monetarist arithmetic

13 Apr 2022 Leave a comment

by Jim Rose in applied price theory, budget deficits, economic history, financial economics, fiscal policy, macroeconomics, monetarism, monetary economics Tags:

From https://www.sciencedirect.com/science/article/abs/pii/S1094202511000147

Thomas Sargent pioneered the fiscal theory of the price level by studying both the end of hyper-inflations and moderate inflations

07 Apr 2022 Leave a comment

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

From Stopping Moderate Inflations: The Methods of Poincaré and Thatcher (1982) by Thomas Sargent

Tutino and Zarazaga on why the fiscal theory of the price level is so compelling! Quantity theory struggles to explain the sudden end of hyperinflations and the failure of previous stabilisation attempts

05 Apr 2022 Leave a comment

by Jim Rose in economic history, history of economic thought, macroeconomics, monetarism, monetary economics, unemployment

From https://www.dallasfed.org/~/media/documents/research/eclett/2014/el1406.pdf

Friedman and the process of inflation

28 Mar 2022 Leave a comment

by Jim Rose in Armen Alchian, economic history, macroeconomics, Milton Friedman, monetarism, monetary economics

Fiscal theory of the price level = inflation ultimately comes from government debt, as opposed to the central bank printing money

25 Feb 2022 Leave a comment

by Jim Rose in Adam Smith, financial economics, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics

From https://www.richmondfed.org/publications/research/econ_focus/2013/q3/full_interview

Milton Friedman Speaks: Money and Inflation

03 Feb 2022 Leave a comment

by Jim Rose in economic history, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags:

Money and the business cycle

28 Jan 2022 Leave a comment

Image by Jim Rose

Prescott shows a lot of contracting since the end of the tech bubble

27 Jan 2022 Leave a comment

by Jim Rose in business cycles, economic growth, economic history, Edward Prescott, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags:

Money Under Laissez-Faire George Selgin

15 Jan 2022 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, Austrian economics, business cycles, economic growth, economic history, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags:

The Fed’s Dismal Record | George A. Selgin

10 Jan 2022 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, Austrian economics, business cycles, comparative institutional analysis, economic history, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags:

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