Category: Macro
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As the global population ages…
… will interest rates rise or fall? Two recent research papers argue on the opposite sides.
New research on zombie firms
Is zombie credit a disinflationary? How to use machine learning to identify characteristics of zombie firms.
Will Amazon get unionized?
If the Amazon union vote succeeds it has the potential to change labor relations in the US.
Macro policy and heterogeneous agents
New research on the household balance sheet channels of macroeconomic policy.
A wave of bankruptcies in 2021?
What will happen when COVID-related support policies expire? Some interesting evidence.
Are incentives to automate higher now?
Has COVID-19 increased or decreased the value of investments in automation?
Biases in empirical research
New research shows that researchers’ affiliations and career concerns might bias their estimates of fiscal multipliers and impact of QE.
Revisionist history
New research shows that the US Phillips curve has been flat since the early 1980s. This implies that there was no missing disinflation or missing reinflation over the past few business cycles!
Does the US labor market operate efficiently?
Two recent research papers look at the Beveridge curve for clues!
On liquidity traps
Do they really exist? If so, can policymakers understand the type of liquidity trap an economy is experiencing?