Category: Macro
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Understanding consumers’ inflation expectations
How is economic uncertainty impacting consumers’ inflation expectations? Do inflation expectations behave differently post-COVID?
Monetary-Fiscal policy mix in the US
Two new papers on the conditions under which fiscal spending is expansionary and a model with endogenous regime switch.
Is the debate over whether inflation is transitory over?
Inflation in both the US and Europe has risen significantly. Why this increase might be transitory for Europe but not for the US.
Low interest rates and corporate leverage
Are low interest rates expansionary or contractionary? A look at U.S. corporate leverage.
New inflation datasets
The World Bank constructed a global database of inflation and the Federal Reserve Board constructed an alternative measure.
Is unemployment a lagging indicator?
Patterns in unemployment can help predict a recession almost a year in advance…and people know what is coming.
The transmission of macroeconomic policies
Two new interesting contributions to behavioral macroeconomics that feature heterogeneous agents with information frictions.
Fiscal sustainability post COVID-19
Can a government permanently raise the deficit, without ever having to raise taxes? New interesting research… and no it is not MMT!