Category: Macro

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Macro

As the global population ages…

… will interest rates rise or fall? Two recent research papers argue on the opposite sides.

Macro

New research on zombie firms

Is zombie credit a disinflationary? How to use machine learning to identify characteristics of zombie firms.

Macro

Will Amazon get unionized?

If the Amazon union vote succeeds it has the potential to change labor relations in the US.

Macro

Macro policy and heterogeneous agents

New research on the household balance sheet channels of macroeconomic policy.

Macro

A wave of bankruptcies in 2021?

What will happen when COVID-related support policies expire? Some interesting evidence.

Macro

Are incentives to automate higher now?

Has COVID-19 increased or decreased the value of investments in automation?

Macro

Biases in empirical research

New research shows that researchers’ affiliations and career concerns might bias their estimates of fiscal multipliers and impact of QE.

Macro

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!

Macro

Does the US labor market operate efficiently?

Two recent research papers look at the Beveridge curve for clues!

Macro

On liquidity traps

Do they really exist? If so, can policymakers understand the type of liquidity trap an economy is experiencing?

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