Category: Macro

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Macro

Evaluating macro policies

Recent research on how to construct policy counterfactuals.

Macro

Housing prices and inflation

Are housing prices a leading indicator for inflation? Do house prices adjust to monetary surprises with a long lag?

Macro

Heterogeneous beliefs, new pricing models and the Phillips curve

Two new research papers evaluate the impact on the Phillips curve from incorporating a a) distribution of heterogeneous beliefs; and b) price changes that are endogenous and depend both on the state of the economy and the state of the firm.

Macro

The return of the Beveridge curve

Brand new research on the importance of the Beveridge curve (the relationship between unemployment and the job vacancy rate) in understanding the true state of the U.S. labor market and implications for monetary policy.

Macro

High energy prices and the macroeconomy

New research on the impact of high energy prices on the European and U.S. economies.

Macro

Ambiguity in macroeconomics

New research on how including ambiguity-averse agents in New Keynesian models impacts monetary policy effectiveness and generates first order welfare losses.

Macro

How to develop economic resilience

Should the focus be on resilience by design or by intervention? Should policymakers optimize public policy under radical uncertainty?

Macro

On the global minimum tax

Does the global minimum tax increase welfare? Is it equitable when it comes to low and middle income countries?

Macro

Price controls: to do or not to do

Recent spikes in inflation have reignited the debate on price controls: how do consumers perceive price controls and what do economists think.

Macro

On mental models and information

With information technology making learning more accessible, the issue is no longer “access” to information but instead which information resonates and how is processed by individuals.

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