Stephen Williamson puzzles over quantitative easing

09 May 2020 Leave a comment

by Jim Rose in business cycles, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics

From https://www.stlouisfed.org/on-the-economy/2017/november/economic-theory-quantitative-easing

Robert Lucas on wealth taxes

07 May 2020 Leave a comment

by Jim Rose in entrepreneurship, income redistribution, poverty and inequality, Public Choice, public economics, Robert E. Lucas

From https://www.minneapolisfed.org/article/1993/interview-with-robert-e-lucas-jr

The New Deal prolonged the Great Depression

07 May 2020 Leave a comment

Image by Jim Rose

There is so many nominal wage cuts that efficient contracting theory is in question. Keynes is long dead.

06 May 2020 Leave a comment

by Jim Rose in business cycles, global financial crisis (GFC), great recession, labour economics, labour supply, macroeconomics, monetary economics, personnel economics, unemployment Tags: , ,

From http://www.andrekurmann.com/test

Why we’re seeing mass layoffs in the US but not the UK

05 May 2020 Leave a comment

by Jim Rose in fiscal policy, job search and matching, labour economics, labour supply, macroeconomics, politics - USA, public economics, unemployment Tags: ,

The shape of things to come if #COVID19 subsidies persist?

05 May 2020 Leave a comment

by Jim Rose in fiscal policy, health economics, industrial organisation, politics - New Zealand, Public Choice, public economics, survivor principle

From https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.98.5.1943

Bank panics and the Great Contraction

05 May 2020 Leave a comment

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How many projects are shovel-ready with the border closed to a global construction engineers market?

04 May 2020 Leave a comment

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Ellen McGrattan on New Keynesian macroeconomic policy

02 May 2020 Leave a comment

by Jim Rose in business cycles, great recession, job search and matching, labour economics, labour supply, macroeconomics, monetary economics

From https://www.minneapolisfed.org/~/media/files/pubs/eppapers/15-7/epp-15-7-monetary-policy-employment.pdf

From Great Contraction to Great Depression

02 May 2020 Leave a comment

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An explanation of Wallace neutrality for quantitative easing

01 May 2020 Leave a comment

by Jim Rose in financial economics, macroeconomics, monetary economics

From https://books.google.co.nz/books?id=6kbCDwAAQBAJ&pg=PA283&lpg=PA283&dq=neil+wallace+open+market+operations&source=bl&ots=chwhTeUEA6&sig=ACfU3U1IPVipUeeC0tEa-phUVH7izIhT5A&hl=en&sa=X&ved=2ahUKEwihtKGGsZLpAhUdzDgGHSG4D5A4ChDoATACegQIChAB#v=onepage&q=neil%20wallace%20open%20market%20operations&f=false and https://www.jstor.org/stable/1802777?seq=1#metadata_info_tab_contents

Modigliani-Miller theorems for open market operations describe conditions under which central bank portfolio rearrangements will have no consequences for allocations, relative prices, or the time path of the price level. 

Thomas Sargent 2013 MACROECONOMIC THEORY AND THE CRISIS

01 May 2020 Leave a comment

by Jim Rose in budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas Tags: ,

John Cochrane on quantitative easing not mattering much

01 May 2020 Leave a comment

by Jim Rose in business cycles, financial economics, macroeconomics, monetary economics, politics - USA

From https://research.stlouisfed.org/publications/review/2020/03/20/strategic-review-and-beyond-rethinking-monetary-policy-and-independence

Majority saved $750 #COVID19 stimulus payment! Friedman’s permanent income hypothesis rules

01 May 2020 Leave a comment

by Jim Rose in budget deficits, business cycles, financial economics, fiscal policy, macroeconomics, Milton Friedman, monetary economics, unemployment Tags: , , ,

John Cochrane explains helicopter drops

01 May 2020 Leave a comment

by Jim Rose in financial economics, fiscal policy, macroeconomics, Milton Friedman, monetarism, monetary economics, politics - New Zealand, public economics

From https://en.econreporter.com/2016/08/conversation-with-john-cochrane-part-ii-ftpl-and-the-state-of-macroeconomics/

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