Category: Macro

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Macro

Rethinking industrial policy (Part B)

As economists are re-thinking industrial policy, the critics raise more concerns.

Macro

Rethinking industrial policy (Part A)

Industrial policy is no longer a taboo, actually it is taking center stage as countries develop policies to ensure a green, digital, and inclusive recovery after COVID-19.

Macro

On the global oil markets

Brand new research on: the impact of oil prices on the recent and persistent rise in inflation; and the impact of the G-7 imposition of a price cap on Russian oil on the global oil market.

Macro

On the dynamics of government debt

New research on whether deficits can be self-financed and on what is wrong with the standard analysis of the primary surplus-GDP ratio.

Macro

More on the Phillips curve

New research might explain why policymakers underestimated the 2020 surge in inflation in the U.S.

Macro

How to measure r*

Should measures of a declining r* rely exclusively on observed yields on long-term government bonds?

Macro

On news and narratives

How news affect the U.S. and Euro Area yield curves? Does a narrative approach shed light on whether monetary policy matters?

Macro

Overreaction in expectations

New research on agents’ expectations when there is uncertainty about the persistence of a crisis and when recent observations become important.

Macro

Do interest rates drive investment?

Possible explanations of why the secular decline in the financial cost of capital did not increase business investments.

Macro

On government policies

New research on the credibility of government policies aimed at preserving fiscal prudence and price stability.

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