Tag Archives: Brad Delong

The Risks of Debt by Brad Delong

Here’s a column worth reading from Brad Delong: A country that spends and spends and spends and does not tax sufficiently will eventually run into debt-generated trouble. Its nominal interest rates will rise as bondholders fear inflation. Its business leaders … Continue reading

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Debt to GDP & Future Economic Growth

There has been a lot of discussion today on Reinhart and Rogoff’s work on Debt to GDP & future economic growth (see Mike Konczal, Krugman, CEPR, Brad Plumer,  and the original critique from Herden, Ash, Pollin), so I wanted to highlight some … Continue reading

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Fiscal Policy as Stabilization Policy: What do we think now that we did not think in 2007?

Here’s a presentation that Brad Delong and Laura Tyson are giving at the IMF’s Fiscal Forum today. I helped put them put it together and make some of these graphs. Well worth checking out.

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Links: Deficits, Fiscal Policy in a Depressed Economy, Finance, & Moneyball for Judges

Moneyball for Judges by Cass Sunstein Dylan Matthews on Deficits (and Krugman follow up) Fiscal Policy in a Depressed Economy: Further Thoughts from Brad Delong Solow on American Finance (or Mark Thoma’s summary)

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Reactions to Mankiw on the Long Run Budget Path

I agree with most of Greg Mankiw’s NYTimes piece on long-term debt to GDP but can’t overlook a glaring omission –  he seems to ignore the fact that we are currently experiencing a major economic catastrophe. Here’s how Mankiw concludes: Military … Continue reading

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Stimulus or Stymied? The Macroeconomics of Recessions

The transcript of the AEA session that Brad Delong moderated is worth reading. When asked how his thinking about macroeconomics had changed, Harald Uhlig mentioned this paper by Johannes Wieland, who is a friend of mine and one of the top job … Continue reading

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Delong on the Lack of a Political Reaction to the Second Gilded Age

Brad Delong: Ray Ginger put it in two absolutely brilliant books–Altgeld’s America and The Age of Excess–even the Republicans thought that they wanted to live in Abe Lincoln’s America, where when you are young you split wood into fence rails and go … Continue reading

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Risk Premia

Brad Delong has an interesting article in which he blames today’s large risk premia on the failure of institutions. The government isn’t providing adequate fiscal and monetary support and financial institutions aren’t working in a way that “mobilizes risk bearing … Continue reading

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