Macroeconomics
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Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy
Sep 11, 2019
Mott walks us through answers many careful readers of Kalecki, Keynes, Steindl, and Minsky knew all along.
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Is it Really "Full Employment"? Margins for Expansion in the US Economy in the Middle of 2019
Sep 6, 2019
Many indicators say the US is close to full employment: Hours of work tell a different story.
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Central Banks, Secular Stagnation, and Loanable Funds
Sep 3, 2019
A Comment on Summers and Stansbury
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Summers and the Road to Damascus
Sep 3, 2019
Why Pushing on a String Has Never Worked
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Central Bankers, Inflation, and the Next Recession
Sep 3, 2019
Summers and Stansbury Get It Half Right
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Developing Asia Needs a New Economic Paradigm
Aug 13, 2019
Inadequate demand and climate change require a global green new deal
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Working Paper Series
Firm-Level Political Risk: Measurement and Effects
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.
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The Myth of Expansionary Austerity
Jul 8, 2019
It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.
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Working Paper Series
Expansionary Austerity and Reverse Causality: A Critique of the Conventional Approach
Jul 2019
It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.
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A Brief History of Doom
Jun 26, 2019
Richard Vague and Rob Johnson discuss the role of excessive lending in causing financial crises throughout history
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Capitalism’s Great Reckoning
Jun 24, 2019
As the maladies of modern capitalism have multiplied, fundamental questions about the future of the world’s dominant economic model have become impossible to ignore. But in the absence of viable alternatives, the question is how to reform a system that is increasingly at odds with democracy.
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Non-bank lending and the credit cycle: what are the risks?
Jun 21, 2019 |
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Outlook Session: How much debt is too much?
Jun 21, 2019 |
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Expectations and Credit Cycles: What role for over-optimism of borrowers and lenders?
Jun 21, 2019 |
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Incentives and Credit Cycles: What’s driving risk taking in credit booms?
Jun 21, 2019 |