Economia
Issued in October 2011
NBER Program(s): EFG
- Sophie’s Choice
Resolvi começar a postar os resumos dos relatórios que publico pela consultoria. Só os resumos, bem entendido, e apenas uma semana depois dos clientes terem recebido o material. Os relatórios completos não estarão disponíveis.• The performance...
- Mais De 100 Downloads Já
Nova artigo de pesquisa de Antony Mueller: Além de Keynes de dos Clássicos. Use google tradutor para tradução do inglês. Participe na discussão Beyond Keynes and the Classics. Outline of the Goods Side/Money Side Model of the Business...
- Além Do Keynes E Os Clássicos
Beyond Keynes and the Classics. Outline of the Goods Side/Money Side Model of the Business Cycle and Macroeconomic Configurations Antony P Mueller UFS - Federal University of Sergipe - Universidade Federal de SergipeJanuary 20, 2014 Abstract: This...
- Keynes' Teoria Especial
TheMoneyIllusion A slightly off-center perspective on monetary problems. The Special Theory of Employment, Interest and Money I recently reread John Cochrane’s now infamous 2009 attack on fiscal stimulus for about the 4th time, and it’s not getting...
- Qual O Impacto Das Políticas Não-convencionais Do Fed?
De acordo com este artigo de del Negro, Eggertsson, Ferrero e Kyiotaki, o impacto foi grande e evitou uma nova Grande Depressão: This paper extends the model in Kiyotaki and Moore (2008) to include nominal wage and price frictions and explicitly incorporates...
Economia
Causas da Grande Recessão
Roger Farmer
NBER Working Paper No. 17479Issued in October 2011
NBER Program(s): EFG
This paper argues that the stock market crash of 2008, triggered by a collapse in house prices, caused the Great Recession. The paper has three parts. First, it provides evidence of a high correlation between the value of the stock market and the unemployment rate in U.S. data since 1929. Second, it compares a new model of the economy developed in recent papers and books by Farmer, with a classical model and with a textbook Keynesian approach. Third, it provides evidence that fiscal stimulus will not permanently restore full employment. In Farmer's model, as in the Keynesian model, employment is demand determined. But aggregate demand depends on wealth, not on income.
This paper is available as PDF (304 K) or via email.loading...
- Sophie’s Choice
Resolvi começar a postar os resumos dos relatórios que publico pela consultoria. Só os resumos, bem entendido, e apenas uma semana depois dos clientes terem recebido o material. Os relatórios completos não estarão disponíveis.• The performance...
- Mais De 100 Downloads Já
Nova artigo de pesquisa de Antony Mueller: Além de Keynes de dos Clássicos. Use google tradutor para tradução do inglês. Participe na discussão Beyond Keynes and the Classics. Outline of the Goods Side/Money Side Model of the Business...
- Além Do Keynes E Os Clássicos
Beyond Keynes and the Classics. Outline of the Goods Side/Money Side Model of the Business Cycle and Macroeconomic Configurations Antony P Mueller UFS - Federal University of Sergipe - Universidade Federal de SergipeJanuary 20, 2014 Abstract: This...
- Keynes' Teoria Especial
TheMoneyIllusion A slightly off-center perspective on monetary problems. The Special Theory of Employment, Interest and Money I recently reread John Cochrane’s now infamous 2009 attack on fiscal stimulus for about the 4th time, and it’s not getting...
- Qual O Impacto Das Políticas Não-convencionais Do Fed?
De acordo com este artigo de del Negro, Eggertsson, Ferrero e Kyiotaki, o impacto foi grande e evitou uma nova Grande Depressão: This paper extends the model in Kiyotaki and Moore (2008) to include nominal wage and price frictions and explicitly incorporates...