Tag Archives: Macroeconomics

Austerity and the Greek Depression

The NY Times has a nice feature that compares the Greek economy from 2007-2012 to that of the US from 1929-1934. Besides the disturbing similarity, the most notable feature of this figure is how different the government spending response has been. … Continue reading

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Short-term Debt, the Supply of US Treasuries, and Financial Crises

Annette Vissing-Jorgensen and  Arvind Krishnamurthy have an interesting new paper that Annette presented at Berkeley yesterday. It’s a nice example of using a simple, tractable model to understand a very important issue – the demand for safe and liquid short-term … 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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