To avoid government shutdowns, fix the budget process. Linda Bilmes, January 7, 2019, Opinion, "In the musical “Hamilton,” the…
The business cycle is alive and well. James Stock, January 3, 2019, Paper, "Have the dynamic relations among macro variables changed…
Following the crisis of 2008, several central banks engaged in a new experiment by setting negative policy rates. Using aggregate and bank…
Why Is the Fed Still Raising Interest Rates? Martin Feldstein, December 27, 2018, Opinion, "Given that the US Federal Reserve has long…
Stock Market Short-Termism’s Impact. Mark Roe, December 2018, Paper, "Stock-market--driven short-termism is crippling the American economy…
The Biggest Emerging Market Debt Problem Is in America. Carmen Reinhart, December 20, 2018, Opinion, "A decade after the subprime bubble…
Monetary Policy, Product Market Competition and Growth. Philippe Aghion, Emmanuel Farhi, December 2018, Paper, "In this paper we argue…
Cash and the Economy: Evidence from India's Demonetization. Gita Gopinath, Gabriel Chodorow-Reich, December 13, 2018, Paper, "We…
When George HW Bush was laid to rest last week, the encomiums appropriately remarked on his general decency and competence, which tended to…
At the turn of this century, most economists in the developed world believed that major economic disasters were a thing of the past, or at…