Category: Macro

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Macro

Low interest rates and corporate leverage

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

Macro

New inflation datasets

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

Macro

Is unemployment a lagging indicator?

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

Macro

The transmission of macroeconomic policies

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

Macro

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!

Macro

Social network effects and housing markets

Novel new data sets enable researchers to model agents’ economic decisions in a way that is closer to reality. Two papers on how peer effects impact housing markets.

Macro

The welfare cost of inflation

Two different models and data to calculate the welfare cost in the U.S. and Europe.

Macro

On diagnostic expectations

New research that studies the psychological foundations of information processing.

Macro

What drives the housing boom-bust cycle

New research on the drivers of housing cycles during the last twenty years.

Macro

Uneven shocks

Two new research papers on uneven shocks and monetary and fiscal policies, presented during the August 27th Jackson Hole conference.

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