MacroMania

In case you missed it, there's an interesting (and slightly wonkish) debate going on between Olivier Blanchard and Roger Farmer concern...

There's been much talk about the Phillips curve lately, especially in the wake of Jay Powell's recent testimony before Congress. Ma...

The Phillips curve can mean one of two conceptually distinct things (which are sometimes confused). First, the Phillips curve may simply re...

The U.S. federal budget deficit for 2018 came in just shy of $800 billion, or about 4% of the gross domestic product (the primary deficit, ...

The so-called zero-lower-bound (ZLB) plays a prominent role in modern (and even older) macroeconomic theories. It is often introduced in a...

I want to say a few things about Chicago Booth's recent survey questions posed to a set of economists; see here . The survey asked how ...

There's been much welcome discussion of late concerning the sustainability of government budget deficits and whether the size of the pu...