Infos zum Thema macroeconomics
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How to prevent a fiscal crisis: Vote-share bonds | vox
How can excessive public debt be avoided? This column proposes a novel solution: “vote-share bonds”. These government bonds are tied to the share of the vote that the adoption of the underlying deficit has received in parliament. A bond with a higher vote-share is considered senior. Vote-share bonds inspire fiscal responsibility, while retaining the flexibility to stabilise negative macroeconomic shocks.Ökonomenstimme: Makroökonomische Faktoren und mikroökonomische Risiken von Banken
Eine erste Studie untersucht den Zusammenhang zwischen makroökonomischen Schocks, dem darauf folgenden Verhalten von Banken (Kreditvergabe etc.), der Auswirkungen auf die Bankbilanzen und sich daraus ergebende makroökonomische Rückwirkungen.Home | The Macroeconomic Model Data Base
The Macroeconomic Model Data Base is an archive of macroeconomic models based on a common computational platform that provides various tools for systematic model comparison.Makro-Modelle: Über einen schlimmen Trugschluss der Ökonomen - Handelsblatt.com
Finanzmärkte funktionieren nicht immer, daher müssen sie in makroökonomischen Modell beachtet werden. Ein erster Ansatz - eines deutschen Princton-Professors - wird hier vorgestellt.Worthwhile Canadian Initiative: What is it with Microeconomists?
I have three theories, and am going to run through each in turn. Actually, I think we probably need all three theories to explain why microeconomists are just so confused about macro.Rethinking that Round Earth Idea | zero hedge
It sure looks flat. You have to go to space to see that it's round, even in an airplane it looks pretty flat, doesn't it? Well, fiat currencies are like that too. We talk about Quantitative Easing as if the World is flat because Americans (who are trained to be self-centered to the point of Xenophobia from birth) don't think of their connections to other counties on this planet. To understand the American investor is to look at this map and understand that it is not a joke...Measuring the output responses to fiscal policy | vox
The return from a fiscal stimulus – the fiscal multiplier – remains one of the most controversial topics in economics today. This column considers the influence of expectations, of variation in recessions and expansions, and of different components of government spending. It finds that the size of the multiplier varies considerably over the business cycle: between 0 and 0.5 in expansions and between 1 and 1.5 in recessions.Ezra Klein - Where does the Laffer curve bend?
I decided to ask some tax experts and political activists where, in the current personal income tax, and particularly in the top tax bracket, they think that Laffer curve peaks -- that is, what that revenue-maximizing rate is. The responses were varied, to say the least. Let's start with the experts.The right prescription for an ailing economy « Real-World Economics Review Blog
The author argues that the rising inequality in wages is one of the major reasons for the current/past financial crisis. Without the weakening of the position of workers and the drop in real wages in the Reagon Era, there would have been no possibility for the creation of a bubble as the then normal wages would have been high enough to finance the growth the economy and consume the surplus output.International Labor Comparisons (ILC)
The International Labor Comparisons (ILC) program publishes comparable data series for: * Labor force, employment, and unemployment * Hourly compensation costs (wages and benefits) * Productivity and unit labor costs * GDP per capita and per hour * Consumer pricesThe Case for Re-Regulating Capital Accounts by Jose Antonio Ocampo - Project Syndicate
Ocampo thinks a Tobin Tax would be the simplest way to reorder exchange rate system in times of "war".Germany Is Not China - Project Syndicate
The author explains why the German account surpluses are not as damaging for the global economy than the Chinese ones.TIGER: Tracking Indexes for the Global Economic Recovery - Brookings Institution
In collaboration with the Financial Times (FT), Eswar Prasad and Karim Foda of Brookings have developed a set of composite indexes which track the global economic recovery.Diverging trends in money demand and housing across the Eurozone | vox
Results suggest that it is important to monitor money growth at the national level even in the Eurozone. Since aggregate developments may have systemic financial stability implications for whole EMU.The Greek Crisis and Our Parents’ Economics « Real-World Economics Review Blog
Baker argues pro Blanchard an his proclaimed 4% inflation goal. Higher Inflation would help US households and European governments to pay back there debts and prepare for future economic growth.IMF Survey: IMF Explores Contours of Future Macroeconomic Policy
Interview with IMF Chief Economist Oliver Blanchard on the suggestion in the IMF work paper "New Macroeconomic Policy". A nice round-up of the paper with good examples.Calculated Risk: Inventory Cycle and GDP
A great explanation of the dependencies of sales, production and inventories on the change of the GDP.Debt and growth revisited | vox
With the advanced economies at a critical juncture, some economists are urging more fiscal stimulus while others argue that raising debt levels will stunt growth. This column presents the Reinhart-Rogoff findings on the relationship between debt and growth based on data from 44 countries over 200 years with a focus on the debt-growth link during high-debt episodes.
