Thursday, May 23, 2019
Time for Fiscal Rules?
Should governments set rules to constrain the size of government borrowing on an annual basis or government debt accumulated over time? Pier...
Wednesday, May 22, 2019
Origins of "Microeconomics" and "Macroeconomics"
Economists have written about topics that we would now classify under the headings of "microeocnomics" or "macroeconomics&quo...
Tuesday, May 21, 2019
Strengthening Automatic Stabilizers
For economists, "automatic stabilizers" refers to how tax and spending policies adjust without any additional legislative policy o...
Monday, May 20, 2019
Daniel Hamermesh: How Do People Spend Time?
For economists, the idea of "spending" time isn't a metaphor. You can spend any resource, not just money. Among all the inequa...
Friday, May 17, 2019
Time for a Return of Large Corporation Research Labs?
It often takes a number of intermediate steps to move from a scientific discovery to a consumer product. A few decades ago, many larger and ...
Thursday, May 16, 2019
Does the Federal Reserve Talk Too Much?
For a long time, the Federal Reserve (and other central banks) carried out monetary policy with little or no explanation. The idea was that ...
Wednesday, May 15, 2019
Alice Rivlin, 1931-2019, In Her Own Words
Alice Rivlin, who died yesterday, was a legend in the Washington policy community. In "Alice Rivlin: A career spent making better publi...
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