Empirical evidence on Inter-war multipliers
Author Archives: Menzie Chinn
Macroeconomic Advisers on the Sequester’s Impact
Estimated self-inflicted macro harm, from Macroeconomic Advisers today:
Some Environmental Issues Surrounding Keystone XL
Heritage Still at the Cutting Edge
From J.D. Foster, Ph.D., “Budget Cuts Would Not Harm the Economy” (February 14, 2013):
The [basic Keynesian] theory fails because it relies on the unstated fantasy government can magically create demand out of thin air. In fact, government must borrow to finance deficits, and all borrowing subtracts from the funds that would otherwise be available and used in the private sector for private investment or private consumption. …
The Low Income Wage Bill Responsiveness to a Minimum Wage Increase
Quasi partial equilibrium algebra and a graphical analysis
Quantitative Easing, Intervention, and Currency Wars, Again
Thinking about what is driving — and will drive — the yen
Sequester in the Time of ZLB
In several weeks, absent action by policymakers, the Federal government will begin implementing $85 billion worth of across-the-board cuts during FY2013 (i.e., in the months before October). [0]
Some Thoughts on the Recovery, Conditional Forecasting, and Proper Citations
More analysis from the Heritage Foundation
A Comparison of Selected Economic Indicators for Minnesota vs. Wisconsin
And assessing Walker’s “open for business” program thus far
Evolving Views on Fiscal Multipliers
Context relevant estimates suggest larger, not smaller, fiscal multipliers.