In a blogpost taking stock of the IMF conference on lessons from the crisis, the Nobel laureate distills the lessons learned.
Author Archives: Menzie Chinn
Crowding Out Watch, Heritage Edition
The Heritage Foundation’s Salim Furth writes:
The Multiplier in Action
The impact of contractionary fiscal policies, from NY Times, based on Moody’s Analytics estimates.
Guest Contribution: “Addressing China’s macroeconomic imbalances through sectorial reforms”
Today we are fortunate to have a guest contribution written Hiro Ito (Portland State U.) and Ulrich Volz (U. London SOAS and DIE). This article is based Ito and Volz (RIE, 2013).
Semester’s Coda
Crowding Out Watch, Continued
The end of the semester has arrived, and as I prepared my last lecture, I checked to see how the government deficits had impacted yields. Real yields were pretty much as they were when the semester began in January.
Heritage Assesses the Ever-Expanding Ever-Centralizing Federal Government Sector
In a graphically interesting discussion of the April employment situation release, James Sherk and Salim Furth write:
Trend and Nonlinear Cyclical Employment Dynamics
How much of the US employment shortfall is due to trend factors?
Unconventional Monetary Policy Effects on the Exchange Rate at the ZLB
The descent of interest rates to near zero in the advanced economies has prompted something of a rethink of how monetary policy can affect exchange rates.