Tiende la economía a volver al pleno empleo?

Paul Krugman y Mike Konkzal. Krugman otra vez

Nick Rowe

Krugman otra vez

Recuperaciones como una nueva etapa del ciclo económico

Columna de Fatás y Mihov. Krugman comenta. Ryan Avent también

Scott Sumner sobre el dinero

Sobre choques reales y monetarios: Dice que son los choques monetarios los que causan recesiones

Y explica por qué el dinero importa

Money and inflation. Part I

Part II: Why does fiat money have value?

Part III: The Quantity Theory of Money and the Great Inflation

Part V: It's almost all about expectations

Money and asset prices (the liquidity effect as epiphenomenon)El compilado de los posts sobre dinero

Bill Woolsey: Two framings for fiat currency

Sumner: Money and output (the Musical Chairs Model)

Is the business cycle a cycle?

Noah Smith

A narrow definition of supply

Antonio Fatás

What is a recession?

The Economist

Misunderstanding financial crises. Entrevista a Gary Gorton

Aca


"We know from the data that when there is less government debt outstanding, the private sector creates private “safe” substitutes. If there is more government debt outstanding, the privately-created “safe” debt shrinks. This is because of the demand in the economy for “safe” assets.

Privately-produced safe debt can be created without being vulnerable to bank runs with the right regulation. It would be better for the government to oversee the creation of privately-produced safe debt than to try to create enough government debt to meet the demand."

Reseña del libro de Gorton

Is the slow recovery unusual?

The Economist

John Taylor

Fact checking financial recessions

Barry Rithholtz sobre Reinhart-Rogoff

Paul Krugman critica a John Taylor. Taylor responde

Matias Vernengo

Noah Smith. Krugman otra vez. Y otro

Reinhart y Rogoff responden

Otro anàlisis

Martin Wolf

Raul Prebisch on the business cycle

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Debate sobre el filtro H-P

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Noah Smith y Stephen Williamson sobre la teorìa de ciclos econòmicos

David Glasner resume

Money still matters

David Beckworth

Which sticky price?

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Crìtica de Brad DeLong (y Larry Summers) a los modelos RBC

Aca. Karl Smith tambien

Why deflating wages does not help: Bagehot-Fisher-Minsky-Kindleberger-Koo vs. Fisher-Friedman

Brad DeLong

Neither Real nor Business nor Cycles

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Credit: A starring role in the downturn

Estudio de la Fed de San Fancisco

Brad DeLong sobre teorías de los ciclos

Aca. 'The general glut of Thomas Robert Malthus'

Todo lo sue ha venido diciendo Brad DeLong: This time is not different: Walter Bagehot and the persistent concerns of financial macroeconomics.

What Bagehot said

DeLong: We need a hegemony:

 "From this perspective monetary policy is and always has been about supporting asset prices at a level that allows firms that ought to be expanding to obtain finance and expand profitably. And ever since 1825 the central bank has done this by, whenever it needs to, taking long-duration and risky assets into its own portfolio--and thus off of the stock that must be held by the private sector whose risk tolerance has collapsed."

Preguntas sobre la recuperación de EEUU

The Economist. Comentario de Felix Salmon. Ryan Avent

How can debt affect GDP

Karl Smith

The balance sheet recession and The Great Stagnation

Tyler Cowen

"Many people point out that we are in a balance sheet recession. I agree with this view but wish to push it one step deeper. The negative wealth and income effects on debtors are positive wealth and income effects for the creditors. If the creditors were keener to invest that money in useful, productive activities the economy would be much stronger. Balance sheet recessions are most problematic when the investment channel is for some reason broken or especially weak."

Teorías marxistas de las crisis

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