Category: Macro

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Macro

Asymmetries during recessions

The fortunes of a small number of firms can drive recessions which affect disproportionately workers of a certain age.

Macro

Which country spends more on R&D?

Trends in R&D spending across regions have changed during the last two decades. The issue of publicly vs. privately funded firm R&D.

Macro

Zombie firms and inflation

Does cheap credit to zombie firms has a disinflationary effect?

Macro

New research on automation and employment

When looking at the impact of automation on employment at the firm level and on individual workers, the evidence is mixed.

Macro

Fiscal Theory of the Price Level: the latest

Can active fiscal policy be safely  pursued even when monetary policy is active? Do discount rates matter?

Macro

Automatic stabilizers and low interest rates

Blanchard, Summers and Eichenbaum debate the right design of automatic stabilizers when monetary policy looses its power.

Macro

Agent-based modelling

Is an interdisciplinary approach to macroeconomic modelling beneficial?

Macro

Rebuking Blanchard

Three recent research papers are refuting the conclusions stated in Olivier Blanchard's 2019 paper “Public Debt and Low Interest Rates.”

Macro

Questions for 2020

Economists opine about the main macro issues to be tackled during 2020.

Macro

New research on the business cycle

Speculation and aggregate demand in a low interest rate environment. Which propagation mechanism best describes business cycles?

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