The 1931 massive fiscal contraction should have slowed the NZ recovery if Keynesian macroeconomics is worth more than a grain of salt
31 Mar 2020 7 Comments
in budget deficits, business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, monetary economics, public economics, unemployment Tags: Keynesian macroeconomics, new classical macroeconomics, New Keynesian macroeconomics, New Zealand
Lee Ohanian on were Keynes, and Friedman and Schwartz all wrong?
29 Mar 2020 7 Comments
in business cycles, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics
Determining the Value of Money: Next Steps for the Fiscal Theory of the Price Level
29 Mar 2020 Leave a comment
in budget deficits, business cycles, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas Tags: monetary policy
Monetary Policy Arithmetic by Joydeep Bhattacharya and Joseph H. Haslag
27 Mar 2020 Leave a comment
in financial economics, fiscal policy, macroeconomics, monetary economics, public economics
Lee Ohanian on Japan’s Lost Decade
27 Mar 2020 6 Comments
in business cycles, econometerics, economic growth, economic history, Edward Prescott, fiscal policy, labour supply, macroeconomics, monetary economics
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