Archive
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Views from around the world
Economists opine about the the Eurozone, Brexit and the Trump tariffs.
The new Fama puzzle
Is the Fama puzzle a general phenomenon or one that is regime-dependent?
Repairing fiscal multipliers
Two new research papers on how to correct the high estimates of fiscal multipliers in New-Keynesian models at the zero bound.
Warning signs from the US economy
The uncertainty indexes have shot up and the yield curve is flattening. Is the US heading towards a recession?
Why are wages not increasing?
New research on how rising concentration in labor markets, caused by a decrease in the number of employers competing for workers, has led to suppression of wages both in the US and Europe.
Monetary base injections
Permanent versus temporary monetary base injections and their impact on the economy at the ZLB.
Uncertainties about balance-sheet policy
Are large scale asset purchases an effective instrument of monetary policy?
New and noteworthy books in economics (February)
Three new books on Tawney and Polanyi, wasteful education and everyday metrics.