Category: Macro
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Debt sustainability: a careful look at r-g
Brand new research on why r – g is not the whole story when it comes to government debt sustainability.
Thoughts on the year ahead
Will the 2020s be like the roaring 20s? What are the 2021 priorities for US monetary policy? What to look forward to?
Redistribution and taxes
The role of financial frictions and sovereign debt in redistributive taxation.
On macro models
Three interesting new papers on: a dynamic disequilibrium theory with randomness, an interesting compilation of DSGE models from around the world, measurements issues in DSGEs.
Views on the public debt of advanced countries
Piketty, Cochrane, Rajan and Johnson on COVID debt.
On uncertainty measures
New research shows cross-sectional uncertainty to be acyclical. Some evidence from Europe during COVID.
Interactions between monetary and fiscal policies
Should monetary and fiscal policies be coordinated?
How people perceive tax policy
Two new working papers use experimental data to study people’s preferences towards redistribution.
Thinking about debt post-COVID
What are the economic risks to the euro area from regimes of high public debt?