Author: e-axes

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Trade

The German trade surplus

Is Germany’s trade surplus hurting the US? New research on whether wage or expansionary fiscal policy could reduce the German trade surplus.

Macro

Uncertainty

What explains the disconnect between political uncertainty and stock market volatility in the US. Are we on the cups of a correction or a boom? Hansen and Sargent’s new paper on uncertainty and tenuous beliefs.

Macro

Sunspots

Why sunspots ideas did not capture the hearts of the economic profession? On the origins of the DSGE literature.

Climate

The economics of climate change

How QE has favored the high-carbon sector and why the US has been caught in a cycle of extreme shifts in climate policy since the 1970s.

Books

New and noteworthy books in economics (June)

Three notable new books: on technology and labor market, finance and auctions.

Macro

Changing patterns in capital flows

How capital flows have changed after the Global financial crisis. What are the global risks from the expansion of FDI outflows from emerging markets.

Economic Science

Ten most read posts in May

A list of commentaries and research papers which got the highest number of views during May 2017.

Macro

Narrative economics and black swans

What is “Narrative Economics”? Why narratives have an economic impact? Can the memory of a black swan event, like the 2008 financial crisis, prevent people from spending and investing even today?

Macro

Housing prices and labor allocation

Three new papers shed light on how housing regulation affects productivity, worker allocation, wage dispersion and economic growth.

Inequality

What’s new on inequality

Marshall Steinbaum on the economic research that ensued after Piketty. SeHyoun Ahn and al. publish a paper on inequality and macro shocks. Pierre Monin presents research on the effect of macropru on income distribution.

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