Tag Archives: UK

The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

From Oscar Jorda and Alan Taylor: Elevated government debt levels in advanced economies have risen rapidly as sovereigns absorbed private-sector losses and cyclical deficits blew up in the Global Financial Crisis and subsequent slump. A rush to fiscal austerity followed but its justifications and impacts … Continue reading

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One thing I learned in Hanover this weekend – UK Housing Subsidies Edition

Sorry for the light posting – I was out of town for a college reunion. It was great to talk to old classmates. One of my friends who lives in London told me about new UK mortgage subsidy programs that … Continue reading

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Intergenerational Occupational Mobility in Great Britain and the United States since 1850

From Long and Ferrie: The US tolerates more inequality than Europe and believes its economic mobility is greater than Europe’s, though they had roughly equal rates of intergenerational occupational mobility in the late twentieth century. We extend this comparison into the … Continue reading

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3 Articles from the Sunday NYTimes

1. God Save the British Economy  Each month, the committee heard Posen’s advice. Each month, it voted 8 to 1 against him. The bank eschewed his more expansionary suggestions and stuck to a more conservative approach of keeping interest rates low … Continue reading

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