About
I'm an Economics Ph.D. student at UC Berkeley focusing on public finance topics at the intersection of labor economics and macroeconomics. You can follow me on twitter @omzidar.
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Recent Posts
- Apple, Avoidance, and Corporate Tax Incidence
- Valuing The Vote: Evidence from the Voting Rights Act of 1965
- Great Questions from Paul Krugman
- Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany
- Local Economic Development, Agglomeration Economies and the Big Push: 100 Years of Evidence from the Tennessee Valley Authority
- It Takes a Regime Shift: Recent Developments in Japan through the Lens of the Great Depression
- The Miracle of Microfinance? Evidence from a Randomized Evaluation
- Worker Flows Over the Business Cycle: the Role of Firm Quality
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Tag Archives: hysteresis
4 Ways Persistently High Unemployment Could Ossify – the Human Capital Channel
Brad Plumer has a post today on rough projections that we will not reach full employment until 2022. Here are four ways that failing to address the unemployment problem today could lead to long-lasting (and potentially permanent) reductions in human capital, employment, and social … Continue reading
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Tagged Blanchard, Brad Plumer, Great Recession, Human Capital, hysteresis, inequality, Jobs, labor market, long term unemployed, Summers, Unemployment
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Understanding Hysteresis
I presented these slides on Blanchard and Summers 1986 yesterday at the Berkeley Macro lunch. If you are interested in Hysteresis, this is one of the seminal papers in the literature. Overview Periods of persistently high unemployment are not uncommon events in … Continue reading
Historical Hysteresis: Adverse Shocks vs Structural Problems
I started posting last week on the Summers & Blanchard paper, which is on hysteresis and the Unemployment problem in Europe starting in the mid 1970s. Many advocated structural explanations for hysteresis, but Summers & Blanchard looked to the Great Depression period … Continue reading
