A Twitter Dialogue: IS-LM and the Neoclassical Synthesis in the Short-Run and the Medium-Run: Andy Harless asks a question, and I try to explain what I think Paul Krugman is […]
Rethinking Macro Policy III Jack Morton Auditorium, George Washington University :: April 15-16, 2015 It has now been seven years since the onset of the global financial crisis. A central […]
Must-Read: Marshall Steinbaum: The Unseen Threat of Capital Mobility: “The Hidden Wealth of Nations: The Scourge of Tax Havens… …by Gabriel Zucman, University of Chicago Press, $20 (cloth). Out of […]
Antonio Fatas: The Missing Lowflation Revolution: “It will soon be eight years since the US Federal Reserve decided to bring its interest rate down to 0%… …In these eight years […]
J. Bradford DeLong: The Tragedy of Ben Bernanke: Project Syndicate: Ben Bernanke has published his memoir, The Courage to Act. I am finding it hard to read. And I am […]
Must-Read: I must say: this amazes me. The old argument was that large Kansas-Missouri differences in AFDC payments back before 1995 did not lead single mothers to move across State […]
Must-Read: Uncertainty about what the correct model of the economy is and a strongly asymmetric loss function do not simply apply to the question of whether the Federal Reserve should […]
Must-Read: Henry Aaron: Can Taxing the Rich Reduce Inequality? You Bet It Can!: “Two recently posted papers by Brookings colleagues purport to show that… …‘even a large increase in the […]
Must-Read: Paul Krugman is musing about and rethinking his 1998 analysis of Japan and its macroeconomic problems: Paul Krugman: Rethinking Japan: “[How] would change what I said in my 1998 […]
The very sharp and energetic Peter Passell, who runs the Milken Institute Review these days, commissioned me to write a reader’s guide to the secular stagnation debate. I set it […]