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Economic Science

Modelling behavior in the face of uncertainty

Hansen, Sargent, Farmer and Syll on how to model decision making under uncertainty.

China

The evolving Chinese economy

In 2017 consumer expenditures contributed 58.8 % of GDP growth. Monetary policy transmission is becoming similar to that in advanced economies but will the “machine age” turn China’s large population into a handicap?

Tech

Tech regulation: US vs Europe

The EU and Germany are taking steps to regulate digital platforms but the US is reluctant. What are the issues involved and what are the repercussions of this lack of cooperation on data flows, value chains and cross-border investment.

Macro

Predicting crises

New research on how well are economists forecasting crises and what could constitute an early warning sign.

Inequality

Ethics and inequality

When luck and cheating determine wealth how should income be redistributed?

Economic Science

On econometrics

Is Keynes’ critique of econometrics still relevant?

Macro

“Immaculate inflation”

Krugman, Andolfatto and Cochrane: more on the unemployment-inflation link!

Demographics

On demographics

Fertility rates have decreased everywhere in the world. This newsletter includes interesting research on the effect of reduced fertility on democracy and the gender balance.

Financial Markets

What are money managers paid for?

Money managers rarely outperform their benchmark index yet their pay has dramatically increased the last 20 years.

Books

New and noteworthy books in economics (March)

Four new and noteworthy books on the welfare state, the Eurozone, the role of the state and non-orthodox macroeconomics.

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