Category: Economic Growth
A spat over secular stagnation
Was secular stagnation a “political” argument? Were the policies implemented the right ones? Stiglitz, Summers and Farmer are debating.
The lasting damage of the financial crisis
Ten years after the financial crisis and the US economy remains smaller with employment and earnings losses that still linger.
Turkey’s next steps
Would a currency board solve lira’s woes? Erdogan’s leverage with the IMF.
The flattening yield curve
The current flattening of the US yield curve: the result of trade policy, FOMC policy or much ado about nothing?
Economists on Russia
De Grauwe, Milanovic, Piketty and al. on Russia’s economic future and inequality.
Technology shocks and spillovers
Which countries benefit from technology spillovers.
Repairing fiscal multipliers
Two new research papers on how to correct the high estimates of fiscal multipliers in New-Keynesian models at the zero bound.
Warning signs from the US economy
The uncertainty indexes have shot up and the yield curve is flattening. Is the US heading towards a recession?
The return of the zombies
Empirical regularities between the growing incidence of zombie firms and declining interest rates.
Two scandals have damaged the World Bank’s reputation and led to the resignation of its Chief Economist, Paul Romer.