Sunday, March 9, 2014

The difficulties of reducing long-term unemployment

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Since the global financial crisis started there has been a debate about how much of the increase in unemployment is cyclical versus structur...
Wednesday, March 5, 2014

Global interest rates and growth (r-g).

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The difference between interest rate and growth rates appears as an important parameter in many macroeconomic models. It is also a key varia...
Sunday, March 2, 2014

Financial markets arbitrage: reassuring or lovely?

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John Cochrane has a new blog post summarizing recent research by Budish, Cramton and Shim on the effects of high frequency trading. The pa...
Thursday, February 13, 2014

The permanent scars of economic pessimism

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Gavyn Davies at the Financial Times reflects on the growing pessimism of Central Banks regarding the growth potential of advanced economies....
Friday, February 7, 2014

ECB and its excuses for inaction

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Mario Draghi showed great skills in handling all questions in yesterday's press conference . When pressed about why the ECB is not doing...
Tuesday, February 4, 2014

The conservative bias of economic models

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Chris House has an interesting post on why economists tend to be more conservative than academics in other fields. His argument is that man...
Sunday, January 12, 2014

The anti-demand coalition

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In yesterday's blog post Paul Krugman summarizes very well the position of some academic economists who deny the potential role that ag...