…in getting inflation down very rapidly, but at high costs in terms of unemployment, which persisted because of hysteresis effects. [skip] The 1990 recession can also be linked to left/right…

…to include spillovers. Ignoring cross-border effects is at best myopic and possibly self-defeating. Charles Engel of the University of Wisconsin in a survey of research on spillovers concludes that: “An…

…Effects of Common Ownership. April 15, 2015. José Azar, Martin C. Schmalz, and Isabel Tecu. Concentrated Corporate Ownership. 2000. Randall K. Morck, ed. Competitive Effects of Partial Ownership: Financial Interest…

…durable goods purchases for an extremely extremely durable good. A housing bubble bursting is different from a high-tech bubble bursting. Another is what about long term effects of periods of…

…supporter of the effects of Sanders’s proposals. The discussion did lead to an interesting discussion. Uh on twitter. @Noahpinion The idea that temporary bursts of govt spending will raise output…

…The public debt has 3 effects. First there is the pension which is a pure gain for the agents. Second, there is a new savings vehicle (no one is forced…

…on and off when he is or is not convenient. I am going to assume no Keynesian stimulus effects. It is as if I assumed that there is no unemployment…

…until the marginal product of capital is equal to the return demanded by investors, so that return is critically important (in the real world interest rates have small effects on…

…change is caused by human activities and believe the effects have already begun, only 45% say they worry “a great deal” about it. Despite such shifts in public attitude, it’s…

…effects in the long run (i.e., capital gains in excess of those mechanically caused by retained earnings). These pure valuation effects are not part of national income, hence not included…