Category: Macro
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Market power
As US economic growth remains subdued some economists argue that monopoly power might be the culprit.
The problem with the US debt
Why lack of coordination between monetary and fiscal policies in the presence of rising fiscal imbalances can be detrimental for the economy.
Can the digital economy boost productivity growth?
Is Robert Gordon correct when arguing that foreseeable innovations may have less impact on economic growth than the great inventions of the past?
On innovation
What are the necessary ingredients for innovation? How does the age of the management team enter the “equation”?
News and the economy
News-based uncertainty measures and their effect on asset prices and macroeconomic variables.
The modern firm
The Medici cycle and why the rising income inequality is driven by firm-level inequality.
On inflation
Can big corporate deals and value chains provide an explanation for why the Phillips curve has flattened?
Structural reforms
New research on when are structural reforms implemented, which reforms have the largest impact on GDP and what is the interplay between the government and the private sector that makes reforms successful.
Uncertainty
What explains the disconnect between political uncertainty and stock market volatility in the US. Are we on the cups of a correction or a boom? Hansen and Sargent’s new paper on uncertainty and tenuous beliefs.