Category: Macro
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Firms’ size and labor markets
New research on the “scale without mass” phenomenon where a firm size increases without a proportional increase in employment.
Uncertainty and consumers
Novel research on how consumers allocate time use when there is uncertainty and how consumer disagreement about macroeconomic uncertainty affects economic activity.
On high public debt
Why high levels of public debt are here to stay and the implications on the fiscal-monetary policy mix.
Rethinking industrial policy (Part B)
As economists are re-thinking industrial policy, the critics raise more concerns.
Rethinking industrial policy (Part A)
Industrial policy is no longer a taboo, actually it is taking center stage as countries develop policies to ensure a green, digital, and inclusive recovery after COVID-19.
On the global oil markets
Brand new research on: the impact of oil prices on the recent and persistent rise in inflation; and the impact of the G-7 imposition of a price cap on Russian oil on the global oil market.
On the dynamics of government debt
New research on whether deficits can be self-financed and on what is wrong with the standard analysis of the primary surplus-GDP ratio.
More on the Phillips curve
New research might explain why policymakers underestimated the 2020 surge in inflation in the U.S.
How to measure r*
Should measures of a declining r* rely exclusively on observed yields on long-term government bonds?
On news and narratives
How news affect the U.S. and Euro Area yield curves? Does a narrative approach shed light on whether monetary policy matters?