Category: Macro
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The U.S. debt ceiling debacle
Some creative responses in the event Congress doesn’t raise the debt ceiling.
Will secular stagnation return?
How will the structural factors that contributed to the secular stagnation of the 2010s affect the safe interest rate once the fight against the current inflation is won.
A second look at the Beveridge curve
New research on the Beveridge curve points to a soft landing in the U.S. labor market.
On stagflation
Is the Fed aiming at a period of stagflation? What is the long-run relationship between inflation and economic activity?
Heterogeneous agents and policy
Heterogeneous Agent (HA) models yield Marginal Propensities to Consumer that better fit the data. What are the implications of HA models for stabilization policies?
On macroeconomic uncertainty
New research on: How do policymakers react when they feel uncertain about the dynamics of inflation? What is the impact of macro uncertainty on the economy in the long-run?
On government debt sustainability
Two brand new papers on public debt capacity and the importance on debt revenue.
Macro uncertainty, households and firms
Two new research papers are using Randomized Control Trials to evaluate the effect of macroeconomic uncertainty on household spending and firms’ decisions.
On corporate taxes and investments
New research using novel methods estimates the effect of both corporate tax hikes and cuts on investments, R&D and productivity.
On sovereign debt
When is developing country debt odious? What are the effects of debt-financed fiscal transfers in a general equilibrium, heterogeneous-agent model of the world economy?