How is economic uncertainty impacting consumers’ inflation expectations? Do inflation expectations behave differently post-COVID?

Five economists on what to expect in 2022.

Two new papers on the conditions under which fiscal spending is expansionary and a model with endogenous regime switch.

Two new interesting papers on how to improve forecasting performance.

Inflation in both the US and Europe has risen significantly. Why this increase might be transitory for Europe but not for the US.

Are low interest rates expansionary or contractionary? A look at U.S. corporate leverage.

The World Bank constructed a global database of inflation and the Federal Reserve Board constructed an alternative measure.

Patterns in unemployment can help predict a recession almost a year in advance…and people know what is coming.

Two new interesting contributions to behavioral macroeconomics that feature heterogeneous agents with information frictions.

Can a government permanently raise the deficit, without ever having to raise taxes? New interesting research… and no it is not MMT!