Robert Barro of Harvard University put forth the argument in the 1970s that government spending multipliers will be close to zero precisely because when government rims a deficit, taxpayers rationally will add the value of that deficit to their expected future tax liabilities.
On August 15, 2012, Forest Economic Advisors' macroeconomist
, Brendan Lowney, will discuss several of the key risks to the relatively optimistic housing outlook that has become the consensus view.
Traditional Keynesians and monetarists, the competing schools of the old orthodoxy, belonged to the first type of macroeconomist
The event attracted a number of macroeconomist
luminaries, including University of Chicago professor Robert E.
He had previously held positions as Director of Planning and Budget, Chief Macroeconomist
and Manager for Operations, Quality and Performance Review.
who has spent the past 20 years in public service, Elmendorf was admired in Washington for his careful, clear-eyed analyses and his willingness to stand up to sometimes extraordinary political pressure from all fronts.
Such confidence is misplaced, however, says an Addis Ababa-based macroeconomist
, who formerly worked within the state banking sector before moving to a multinational organisation.
oIn 2010, the external environment will remain rather grim but it will not deteriorate further,o Zhang Liqun, a macroeconomist
at the centre, said in the report.
But if you ask the same question of a modern macroeconomist
-- for example, the extremely bright Narayana Kocherlakota of the University of Minnesota -- you will find that he says that he does not know, and that macroeconomic models attribute economic downturns to various causes.
Gordon, the well-known macroeconomist
, conducted by Emmanuel De Veirman and me.
In "The Conservative Nanny State: How The Wealthy Use The Government To Stay Rich And Get Richer", Dan Baker (a macroeconomist
and Co-Director for Economic and Policy Research in Washington D.