The Slack Wire

Vox today has a useful piece by five IMF economists on the behavior of business investment during and since the Great Recession. [1] From m...

Four or five years ago, I wrote a paper arguing that the US current account deficit, far from being a cause of the crisis of 2008, was a st...

Over here, a huge stack of exams, sitting ungraded since… no, I can't say, it's too embarrassing.  There, a grant proposal that exte...

Following up on the previous post, below the fold is an article Arjun and I wrote last year for the Indian publication Economic and Politi...

Did you know that about 10 percent of private consumption in the US consists of Medicare and Medicaid? Despite the fact that these are payme...

I’ve mentioned before, I think a useful frame to think about the secular stagnation debate through is what’s become known as Harrod’s growth...

Martin Wolf in the FT the other day : The third challenge is over the longer-term sources of demand. I look at this issue in terms of the ...

Here's the thing about about saltwater, New Keynesian economists: They don't believe their own theory. Via John Cochrane , here is...

The second issue of the new  Review of Keynesian Economics  is out, this one focused on growth. [1] There's a bunch of interesting contr...