
Caballero on the great safe collateral contraction
27 Feb 2020 Leave a comment
in budget deficits, business cycles, currency unions, economic growth, economic history, entrepreneurship, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, international economics, law and economics, macroeconomics, monetary economics, property rights, Public Choice Tags: adverse selection, asymmetric information, monetary policy, moral hazard, self-selection, sovereign debt crises, sovereign defaults

What is New Keynesian macroeconomics?
27 Feb 2020 Leave a comment
in business cycles, economic growth, fiscal policy, history of economic thought, labour economics, Milton Friedman, monetarism, monetary economics
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

Fama in full on fiscal policy
27 Feb 2020 Leave a comment
Cycles without shocks
26 Feb 2020 Leave a comment
in business cycles, macroeconomics, monetary economics
A methodological trip-wire for macroeconomic theories
26 Feb 2020 Leave a comment
in applied price theory, business cycles, history of economic thought, macroeconomics, monetary economics
Small bills are a big problem as I remember from handling dirty, disgusting Philippine pesos that were never taken out of circulation. Yuk
26 Feb 2020 Leave a comment
in development economics, history of economic thought, monetary economics

From https://www.press.umich.edu/pdf/9780472116317-ch1.pdf
The shortage of small bills in the Philippines became critical around election time because there is such a need for bribe money for voters. 300 pesos each was usually delivered to every door.
Fama on a fiscal stimulus
25 Feb 2020 1 Comment
in applied price theory, budget deficits, business cycles, economic growth, financial economics, fiscal policy, global financial crisis (GFC), great recession, labour economics, labour supply, macroeconomics, monetary economics, politics - USA, Public Choice, public economics Tags: fiscal policy
Nobel Prize Winner in Economist 1995 – Robert Emerson Lucas
20 Feb 2020 Leave a comment
in business cycles, history of economic thought, macroeconomics, monetary economics, Robert E. Lucas
Champ and Freeman on financial intermediation
19 Feb 2020 Leave a comment
in applied price theory, economics of information, industrial organisation, macroeconomics, monetary economics Tags: adverse selection, asymmetric information, monetary policy, moral hazard, rational expectations











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