Category: Macro

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Macro

Mini-BOTs

Italy’s government could issue what would amount to small-denomination IOUs to pay some of its bills.

Macro

“Laffering”*

Arthur Laffer, the economist behind the Laffer curve, is about to receive the Presidential Medal of Freedom. Many economists wonder whether the theory is sound.

Macro

Productivity and access to credit

Access to credit affects productivity growth in a non-linear way.

Macro

Revisiting the Phillips curve

New research on a) the nonlinearity of the Phillips curve; and b) ways to improve the Phillips curve.

Macro

Informality and emerging economies

Does the informal labor market buffer the economy from negative shocks? Does it stabilize inflation?

Macro

On collective agreements

Collective bargaining in Italy and Germany: what are the differences?

Macro

Identification via the ZLB

Can the Zero Lower Bound (ZLB) on interest rates be used to identify the causal effects of monetary policy?

Macro

Fiscal multipliers and the American Recovery and Reinvestment Act

What were the effects of the 2009 US government fiscal spending called the American Recovery and Reinvestment Act? Did the way it was financed matter?

Macro

Functional Finance

The doctrine behind MMT is smart but not completely right, argues Paul Krugman. Not so, responds Matias Vernengo.

Macro

A New Normal for Interest Rates?

New research on the global trends in interest rates.

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