Category: Macro

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Macro

Populism: economics or culture?

Are the cultural and economic explanations of populism in tension with each other?

Macro

Lobbying and the economy

Lobbying has become pervasive in advanced economies. New research shows how lobbying negatively affects productivity, efficiency and financial risk.

Macro

Optimal currency area and the EMU

Is the optimal currency area model useful in understanding the eurozone crisis?

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?

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