Macroeconomics

Keyword Search

Search Results Filters

  1. Working Paper Series

    From the EMS to the EMU and...to China

    By Joseph Halevi

    Nov 2019

    This essay deals with the EMS experience and its failure, with the Maastricht Treaty, and with the interregnum leading to the formation of the EMU in 1999.

  2. Not So Modern Monetary Theory

    By Lance Taylor

    Oct 31, 2019

    Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes

  3. Working Paper Series

    Synthetic MMT: Old Line Keynesianism with an Expansionary Twist

    By Lance Taylor

    Oct 2019

    Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes

  4. Measuring Economic Democracy

    Featuring Robert McMaster

    Oct 9, 2019

    GDP doesn’t tell the whole story—Robert McMaster explains the Economic Democracy Index

  5. Secular Stagnation: The Limits of Conventional Wisdom

    By Stefano Di Bucchianico

    Oct 1, 2019

    Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth

  6. Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy

    By Tracy Mott

    Sep 11, 2019

    Mott walks us through answers many careful readers of Kalecki, Keynes, Steindl, and Minsky knew all along.

  7. Is it Really "Full Employment"? Margins for Expansion in the US Economy in the Middle of 2019

    By Claudia Fontanari, Antonella Palumbo, and Chiara Salvatori

    Sep 6, 2019

    Many indicators say the US is close to full employment: Hours of work tell a different story.

  8. Central Banks, Secular Stagnation, and Loanable Funds

    By Mario Seccareccia and Marc Lavoie

    Sep 3, 2019

    A Comment on Summers and Stansbury

  9. Summers and the Road to Damascus

    By Servaas Storm

    Sep 3, 2019

    Why Pushing on a String Has Never Worked

  10. Central Bankers, Inflation, and the Next Recession

    By Lance Taylor

    Sep 3, 2019

    Summers and Stansbury Get It Half Right

  11. Developing Asia Needs a New Economic Paradigm

    By Jayati Ghosh

    Aug 13, 2019

    Inadequate demand and climate change require a global green new deal

  12. Working Paper Series

    Firm-Level Political Risk: Measurement and Effects

    By Tarek Alexander Hassan, Stephan Hollander, Laurence van Lent, and Ahmed Tahoun

    Jul 2019

    We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks.

  13. The Myth of Expansionary Austerity

    By Christian Breuer

    Jul 8, 2019

    It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

  14. Working Paper Series

    Expansionary Austerity and Reverse Causality: A Critique of the Conventional Approach

    By Christian Breuer

    Jul 2019

    It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

  15. A Brief History of Doom

    Featuring Richard Vague and Rob Johnson

    Jun 26, 2019

    Richard Vague and Rob Johnson discuss the role of excessive lending in causing financial crises throughout history