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Comments on ‘A Method for Determining Whether Parameters in Aggregate Models are Structural’ by Michael Parkin
Determining Whether Parameters Aggregate Models
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2015/8/4
Comments on ‘A Method for Determining Whether Parameters in Aggregate Models are Structural’ by Michael Parkin.
The Budgetary Arithmetics of Loan Guarantees and Deposit Insurance: A Comment
Loan Guarantees Deposit Insurance
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2015/8/4
The main focus of Philippe Weil’s paper is on the new U.S. budgetary
treatment of direct loans and loan guarantees that began with the Credit
Reform Act (CRA) of 1990. W er ‘1’ s analysis raises fun...
Review of Changes in American Economic Policy in the 1980s: Watershed or Pendulum Swing?
American Economic Policy Pendulum Swing
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2015/8/4
ECONOMIC POLICY in the 1980s may
eventually become the most studied and
hotly debated of any decade in United States
history, even including the 1930s. Popular
writings about the 1980s economy alr...
Comment on ‘America’s Peacetime Inflation: The 1970s’ by J. Bradford De Long
Inflation Peacetime
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2015/8/4
Comment on ‘America’s Peacetime Inflation: The 1970s’ by J. Bradford De Long.
Remarks for the Panel Discussion on “Recent Changes in Trend and Cycle”
Recent Changes Trend
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2015/8/3
This panel discussion focuses on two defining features of the new economy: (1) a
change in trend productivity growth, and (2) a change in cyclical volatility. No one
knows for sure how long either f...
The Bush administration’s emerging market strategy is an interrelated
part of our overall international economic agenda. The agenda
focuses on two goals: increasing economic growth and increasing
e...
Economic Reform and the Current Account: Implementing the Strategy
Economic Reform Current Account
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2015/8/3
Although the current account deficit of the United States—and its mirror image
the current account surplus of the rest of the world—had been increasing steadily
through the 1990s, international econ...
Introduction
economic policy inflation
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2015/8/3
THE FEDERAL RESERVE is the single most important economic
policy institution in the United States. This spring the
two of us and the ten other authors of this book came together
to present and to d...
We first document a large secular shift in the estimated response of the entire term structure of interest
rates to inflation and output in the United States. The shift occurred in the early 1980s. W...
It has been more than three years since the economic crisis first flared up in August 2007,
and the U.S. economy is still operating far below its potential. Unemployment is high at 9.8%
(November 20...
Surprising Comparative Properties of Monetary Models: Results from a New Model Data Base
Monetary Models consumption investment
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2015/8/3
In this paper we investigate the comparative properties of empirically-estimated monetary
models of the U.S. economy. We make use of a new database of models designed for such
investigations. We foc...
What the Government Purchases Multiplier Actually Multiplied in the 2009 Stimulus Package
Stimulus Package Purchases Multiplier Actually
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2015/8/3
Because the ARRA grants to state and local government are
fungible and not synchronized with purchases, determining the
eff ect of ARRA on state and local government purchases is more
diffi cult an...
Introduction
Economic growth recession
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2015/8/3
Economic growth during the recovery from the recession of –
has been remarkably slow—only . percent at an annual rate
in the fi ...
Designing Competitive Wholesale Electricity Markets for Latin American Countries
Latin American Countries Electricity Markets
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2015/7/31
The purpose of this paper is to present a general framework for electricity market design
in Latin American Countries (LACs) that addresses the current problems facing electricity
supply industrie...
The Economic and Environmental Challenges for America America s’ Energy Future
Economic and Environmental Energy Future
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2015/7/31
Outline of Talk
• US energy history
– Consumption, production and pricing by fuels
• Have fossil fuels become increasingly scarce?
– Evidence from oil, natural gas, coal, and “near oil...