Nobel Symposium Ellen Mcgrattan Modern DSGE models: Theory and evidence
16 Aug 2018 Leave a comment
in business cycles, economic growth, global financial crisis (GFC), great recession, macroeconomics Tags: real business cycles
From Lucas and Sargent’s After Keynesian Macroeconomics 1979
15 Aug 2018 Leave a comment
in budget deficits, business cycles, economic growth, great recession, history of economic thought, macroeconomics, monetary economics, Robert E. Lucas Tags: conjecture and refutation, Keynesian macroeconomics, stagflation, Thomas Sargent

The Queen didn’t ask Keynesians about not predicting the 1970s stagflation, a phenomenon their macroeconomics strictly forbade
15 Aug 2018 2 Comments
in budget deficits, business cycles, economic growth, economic history, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, monetary economics Tags: conjecture and refutation, Keynesian macroeconomics, stagflation

Source: Kehoe, Midrigan and Pastorino 2018.
Ellen McGrattan, Intangible Capital and Measured Productivity
14 Aug 2018 Leave a comment
in business cycles, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: real business cycles
@dandolfa on how Keynesian macroeconomics is just to good to be true
12 Aug 2018 Leave a comment
in applied price theory, business cycles, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics Tags: Keynesian macroeconomics
Johan Norberg – Swedish Myths and Realities
08 Aug 2018 Leave a comment
in applied price theory, comparative institutional analysis, economic growth, economic history, economics of regulation, entrepreneurship, income redistribution, industrial organisation, international economics, labour economics, labour supply, macroeconomics, Public Choice, public economics, survivor principle, welfare reform Tags: Sweden
Free To Choose 1980 – The Power of the Market – Hong Kong
08 Aug 2018 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, growth miracles, industrial organisation, labour economics, law and economics, Milton Friedman, poverty and inequality Tags: Hong Kong, The Great Fact
Hardly any GDP growth bump from doubling investment in education!
07 Aug 2018 Leave a comment
in economic growth, economics of education, human capital, labour economics, macroeconomics Tags: College premium, signalling

New Keynesian macroeconomics isn’t a progressive research programme
06 Aug 2018 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, great depression, history of economic thought, macroeconomics, monetarism, monetary economics, Robert E. Lucas Tags: New Keynesian macroeconomics

Suppose human capital doubled but the economic growth rate did not change a bit
31 Jul 2018 Leave a comment
in economic growth, economics of education, human capital

Source: Le, T., Gibson, J., & Oxley, L. (2006). A forward-looking measure of the stock of human capital in New Zealand. Manchester School, 74(5), updated and with additional analysis by Trinh Le of the 2006 and 2013 census for the Treasury (the 2006 and 2013 analysis is unpublished).
18 signs you’re reading bad criticism of economics by @Chris_Auld
30 Jul 2018 Leave a comment
in applied price theory, applied welfare economics, financial economics, history of economic thought, macroeconomics
What was the wedge issue for voters at the height of the Great Depression?
28 Jul 2018 Leave a comment
in business cycles, economics of regulation, great depression, macroeconomics Tags: voter demographics

Nice one
28 Jul 2018 Leave a comment
in development economics, economic growth, macroeconomics Tags: pessimism bias, The Great Enrichment





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