Spot on on growth mismeasurement
15 Jul 2019 Leave a comment
in applied price theory, economic growth, entrepreneurship, industrial organisation, macroeconomics
Fiat Value in the theory of value – an ADEMU lecture by Edward C Prescott
15 Jul 2019 Leave a comment
in Edward Prescott, macroeconomics, monetary economics
The Giant Underground Tunnels Protecting Tokyo From Floods
15 Jul 2019 Leave a comment
in business cycles, economic growth, economics of bureaucracy, economics of natural disasters, fiscal policy, macroeconomics, Public Choice, rentseeking Tags: Japan
FGV/EPGE – 3rd Conference Business Cycles – Edward C. Prescott 2/15
14 Jul 2019 Leave a comment
in budget deficits, business cycles, economic growth, economic history, Edward Prescott, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics Tags: real business cycles
The Nobel Lecture: Equilibrium in the Labour Market with Search Frictions
14 Jul 2019 Leave a comment
in business cycles, labour economics, labour supply, macroeconomics, unemployment, unions, welfare reform Tags: job search, labour market search, search and matching
The Myth of Scandinavian Socialism
10 Jul 2019 Leave a comment
in economic growth, economic history, economics of bureaucracy, economics of education, economics of regulation, health economics, income redistribution, international economics, labour economics, macroeconomics, Marxist economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: 2020 presidential election
Edward Prescott on monetary policy and the business cycle
06 Jul 2019 Leave a comment
in business cycles, Edward Prescott, macroeconomics, monetary economics
From Five Macroeconomic Myths
Prescott, Edward C.
Wall Street Journal
11 Dec 2006.
Edward Prescott on Japan’s Lost Decade and the end of the 6-day working week
06 Jul 2019 Leave a comment
in business cycles, economic growth, economics of regulation, Edward Prescott, labour supply
Alan Walters predicted this in the 1960s
06 Jul 2019 Leave a comment
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
How neoclassical are New Keynesian dynamic stochastic general equilibrium models?
01 Jul 2019 Leave a comment
in business cycles, history of economic thought, macroeconomics
In sum, New Keynesian models are most certainly not reincarnations of textbook IS–LM models with maximization added on. Rather, they are real business cycle models augmented with a few distortions—typically sticky prices and monopoly power—and shocks that do little to contribute to fluctuations or influence the nature of optimal policy
From Kehoe, Patrick J., Virgiliu Midrigan, and Elena Pastorino. 2018. “Evolution of Modern Business Cycle Models: Accounting for the Great Recession.” Journal of Economic Perspectives, 32 (3): 141-66.
Utopia, you are standing in it! 
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