Macroeconomics
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Working Paper
Market Participants Neither Commit Predictable Errors nor Conform to REH
Sep 2021
Evidence from Survey Data of Inflation Forecasts
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Why the Rich Get Richer and Interest Rates Go Down
Sep 13, 2021
Going Down the Rabbit Hole at Jackson Hole
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Productive Bubbles
Jul 28, 2021
Occasionally, financial speculation fastens onto transformational technologies that have the potential to create a genuinely new economy.
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Debt Talks Episode 8 | Public Debt: How Much is Too Much?
Webinarwith Rüdiger Bachmann, Claudia Sahm, Ludwig Straub; moderated by Moritz Schularick
Hosted by Private Debt
Jun 29, 2021
Where are the US and Europe now and where could they be going?
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Standard Inflation Theory Leaves Out Social Conflict and Costs
Jun 10, 2021
What That Means For Biden’s Inflation Policy Trilemma
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What Bagehot Means for 21st Century Central Bankers
Jun 8, 2021
Is Victorian writer Walter Bagehot, whose adage “lending freely against good collateral at a penalty rate” has been gospel for central bankers, still relevant in a post-Great Financial Crisis world?
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Working Paper Series
Bagehot for Central Bankers
Jun 2021
Is Victorian writer Walter Bagehot, whose adage “lending freely against good collateral at a penalty rate” has been gospel for central bankers, still relevant in a post-Great Financial Crisis world?
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Slack in the Economy, Not Inflation, Should Be Bigger Worry
May 19, 2021
Despite fear-mongering about the latest Consumer Price Index, unemployment remains elevated and stimulus is needed to prevent a collapse in demand
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Working Paper Series
The Updated Okun Method for Estimation of Potential Output with Broad Measures of Labor Underutilization: An Empirical Analysis
May 2021
Despite fear-mongering about the latest Consumer Price Index, unemployment remains elevated and stimulus is needed to prevent a collapse in demand
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Long-Term Unemployment Is Reversible
Apr 26, 2021
Contrary to the New Keynesian paradigm, long-term unemployment can be reversed without a significant uptick in inflation
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Working Paper Series
On the Non-Inflationary Effects of Long-Term Unemployment Reductions
Apr 2021
Contrary to the New Keynesian paradigm, long-term unemployment can be reversed without a significant uptick in inflation
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Austerity Raises Covid Deaths
Mar 26, 2021
Mortality and economic data show how constraints to government spending and a skepticism of redistributive policies have made the pandemic far worse
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Working Paper Series
Lessons for the Age of Consequences: COVID-19 and the Macroeconomy
Mar 2021
Mortality and economic data show how constraints to government spending and a skepticism of redistributive policies have made the pandemic far worse
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The Economics of the 2021 American Rescue Plan
Mar 18, 2021
How to Get Relief to Those Who Need It. Gosia Glinska in Conversation with Anton Korinek
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The Full Case Against Ultra Low and Negative Interest Rates
Mar 17, 2021
There are several reasons why unprecedentedly low interest rates will probably not stimulate demand and may even threaten financial stability