Macroeconomics
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Lessons from the Great Depression
Dec 5, 2014
How can we better integrate history into economic analysis?
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Why Keynes is Important Today
Oct 28, 2014
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Destabilizing A Stable Crisis
Jul 28, 2014
Readers of Minsky are familiar with the idea that governments should act as financial stabilizing agents for their economies by running surpluses in times of boom and deficits in times of crises.
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Why Standard Macro Models Fail During Crises
Jun 25, 2014
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Conference paper
Toward an Intellectual History of Uncertainty
Apr 2014
Economists discussing the problem of radical uncertainty commonly invoke Frank Knight’s classic definition in Risk, Uncertainty and Profit, but only rarely venture to explore the broader contours of his argument.
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The Economics of Radical Uncertainty
Apr 10, 2014 | 11:00—12:30
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The Challenges of Europe's Monetary Union
Mar 9, 2014
Pisani-Ferry discusses the challenges facing the creation of a common monetary union in the form that was eventually agreed in the 1990s absent a political union.
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The Exchange Rate as a Monetary Phenomenon
Mar 6, 2014
What exactly is an exchange rate?
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Macroeconomics in Perspective
Jan 31, 2014
Reflections of the Université Catholique de Louvain “Macroeconomics in Perspective Workshop”
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When is a Bubble a Bubble?
Jan 11, 2014
Bubbles have become a major focus of discussion in today’s financial markets. But very few people actually define what they mean when describing this financial phenomenon.
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Modeling a World of Imperfect Knowledge
Dec 21, 2013
Does it matter if the Rational Expectations Hypothesis is unrealistic?
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Conference paper
Income Distribution and the Current Account: A Sectoral Perspective
Dec 2013
We analyse the link between income distribution and the current account for the period 1972-2007. We find that rising (top-end) personal inequality leads to a decrease of the current account, ceteris paribus.
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Our Hansen Moment
Dec 5, 2013
The main goal of the macroeconomist is to understand the sources behind business cycles and the behavior of financial markets in the modern economy.
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The Moral Limits of Markets
Dec 3, 2013
What happens when a market-based economy becomes a market-based society?
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Finance and the Death of Trust
Oct 27, 2013
The destruction of trust is not an accident.