Archive
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Article
Reflexivity Between Micro and Macroeconomics
Feb 10, 2015
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Article
History of Policy Evaluation: A Few Questions
Feb 4, 2015
I need a history of policy evaluation.
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Article
What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality
Feb 4, 2015
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Working Paper
Working paperNetworks in Economics: A Perspective on the Literature
Feb 2015
It is instructive to view the study of networks in economics as a shift in paradigm, in the sense of Kuhn (1962). This perspective helps us locate the innovation that networks bring to economics, appreciate different strands of the research, assess the current state of the subject and identify the challenges.
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Article
The Brace is On
Feb 3, 2015
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Working Paper
Working Paper SeriesNew Evidence for the Present-Value Model of Stock Prices: Why the REH Version Failed Empirically
Feb 2015
Shiller (1981) and others have shown that the quantitative predictions of the REH present-value model are inconsistent with time-series data on stock prices and dividends. In this paper, we assess the empirical relevance of the model without explicitly representing how a rational market participant forecasts dividends and interest rates.
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Video
Forging Fresh Tools from the Past
Feb 1, 2015
John Smithin argues that we need to rethink the “consensus” with tools old and new.
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Working Paper
Working Paper SeriesLabor in the Twenty-First Century: The Top 0.1% and the Disappearing Middle-Class
Jan 2015
The ongoing explosion of the incomes of the richest households and the erosion of middle-class employment opportunities for most of the rest have become integrally related in the now-normal operation of the U.S. economy.
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Article
Yes indeed, we can blog it!
Jan 19, 2015
Last year I pointed out here (and here) that macroeconomists were making themselves comfortable in the blogosphere to discuss theoretical, methodological, and, why not, historical issues of their field (see also a nice post by our fellow kid, Beatrice).
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Article
Financial Deregulation: A Question of Efficiency or Distribution?
Jan 13, 2015
How can we better protect Main Street from the externalities of Wall Street?
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Article
Bernard Maris (1946-2015), Charlie Hebdo and Incommensurability
Jan 11, 2015
As you may remember, I had decided to cease contributing to this blog a few months ago. Nevertheless, I thought I could use my completely illegitimate administrator rights to post one last piece dealing with the recent events in France
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Article
Greece Shows the Limits of Austerity in the Eurozone. What Now?
Jan 9, 2015
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Article
Surprising New Findings Point to “Perfect Storm” Brewing in Your Financial Future
Jan 7, 2015
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Article
Behind Europe's Populist Backlash: The Hunger Games of Mainstream Economics
Jan 6, 2015
The turmoil of Brexit and the populist challenge across Europe are consequences of austerity policies that have brought misery to millions of ordinary voters. In this interview first published last January, Servaas Storm warned of the dangers of economic decision making divorced from democracy and from the social consequences of its prescriptions
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Video
Much Ado About Cyber Security
Jan 5, 2015
Private data is leaked more and more in our society. Wikileaks, Facebook, and identity theft are just three examples. Network defenses are constantly under attack from cyber criminals, organized hacktivists, and even disgruntled ex-employees.