About
I'm an Assistant Professor of Economics at the University of Chicago Booth School of Business and a Faculty Research Fellow at National Bureau of Economic Research (NBER) in the Public economics group. You can follow me on twitter @omzidar.
Homepage, CV, & Research
- 2012
- Alan Auerbach
- Baumol's cost
- Brad Delong
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- Capital Taxation
- Christy Romer
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- david autor
- David Card
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Recent Posts
- Who were the top taxpayers in 1923?
- Trump won in counties that lost jobs to China and Mexico
- The Effect of Pension Income on Elderly Earnings: Evidence from Social Security and Full Population Data
- Why Retire When You Can Work? Hours are way up for elderly workers
- Zip-code Economics
- Financial firms make large share of pass-through income
- Pass-through income and the top 1%
- Quantitative Spatial Economics
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Blogroll
- Andrew Samwick
- Austin Goolsbee
- Brad Delong
- Calculated Risk
- Donald Marron
- Economist – Democracy in America
- Economist – Free Exchange
- Economix
- Ezra Klein
- Felix Salmon
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- Mark Thoma
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- The Fix
Tag Archives: Macroeconomics
How The Economic Machine Works
I don’t agree with everything in this video by Ray Dalio, but it is an interesting perspective on the macroeconomy and how important credit is in an endowment economy.
An Economical Business-Cycle Model
From Pascal Michaillat and Emmanuel Saez: We construct a microfounded, dynamic version of the IS-LM-Phillips curve model by adding two elements to the money-in-the-utility-function model of Sidrauski [1967]. First, real wealth enters the utility function. The resulting Euler equation describes consumption as … Continue reading
Posted in Uncategorized
Tagged Business Cycles, Emmanuel Saez, Macroeconomics, Pascal Michaillat
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Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes
From Christy Romer and David Romer: From the early 1950s to the early 1990s, increases in Social Security benefits in the United States varied widely in size and timing, and were generally not undertaken in response to short-run macroeconomic developments. … Continue reading
Posted in Uncategorized
Tagged Christy Romer, David Romer, Government Spending, Macroeconomics, Ricardian Equivalence, social security, Transfers
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Macroeconomic Implications of Agglomeration
From Morris Davis, Jonas Fisher, and Toni Whited: Cities exist because of the productivity gains that arise from clustering production and workers, a process called agglomeration. How important is agglomeration for aggregate growth? This paper constructs a dynamic stochastic general … Continue reading
Are Markups Increasing?
Given the recent discussion about trends in corporate profits and market power [see a great FT article by Robin Harding, this op-ed from Paul Krugman, this post from Tyler Cowen, and these two posts of mine], I thought I’d share this figure from … Continue reading
Posted in Uncategorized
Tagged Christopher Nekarda, Corporate Profits, inequality, Macroeconomics, Markups, Paul Krugman, Profits, rents, Robin Harding, Tyler Cowen, Valerie Ramey
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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
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
Posted in Uncategorized
Tagged Annette Vissing-Jorgensen, Arvind Krishnamurthy, debt, Deficits, Economic Policy, Finance, Macroeconomics, US Treasuries
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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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