Showing posts with label Inclusive Growth. Show all posts
Tuesday, November 19, 2013
‘Austerity’ and Inequality at the G-20
Davide Furceri presented our joint work (with Daniel Leigh and Larry Ball) on the impacts of fiscal consolidation–sometimes referred to in the blogosphere as ‘austerity’–at a G-20 seminar in Buenos Aires. See the presentation and prepared text of the talk.
Davide Furceri presented our joint work (with Daniel Leigh and Larry Ball) on the impacts of fiscal consolidation–sometimes referred to in the blogosphere as ‘austerity’–at a G-20 seminar in Buenos Aires. See the presentation and prepared text of the talk.
Posted by at 1:39 PM
Labels: Inclusive Growth
Wednesday, November 13, 2013
Are Jobs and Growth Still Linked? Stress-Testing Okun’s Law
At Rice University today, continuing my mission to keep Okun’s Law alive. Art Okun must be smiling down on me. See the presentation here.
At Rice University today, continuing my mission to keep Okun’s Law alive. Art Okun must be smiling down on me. See the presentation here.
Posted by at 6:59 PM
Labels: Inclusive Growth
Friday, October 18, 2013
Blanchard on Unemployment, Flexibility & IMF Advice
My VoxEU post with Olivier Blanchard and Florence Jaumotte tries to move beyond ritual invocation of the mantra of “labor market flexibility.” We develop the concepts of “micro” and “macro flexibility”; explain why they are needed; what labor market institutions help or hinder micro and macro flexibility; and assess IMF advice against the backdrop of these concepts. The Staff Discussion Note on which our post is based is available here.
My VoxEU post with Olivier Blanchard and Florence Jaumotte tries to move beyond ritual invocation of the mantra of “labor market flexibility.” We develop the concepts of “micro” and “macro flexibility”; explain why they are needed; what labor market institutions help or hinder micro and macro flexibility; and assess IMF advice against the backdrop of these concepts. The Staff Discussion Note on which our post is based is available here.
Posted by at 3:22 PM
Labels: Inclusive Growth
Wednesday, September 18, 2013
Distributional Consequences of Fiscal Consolidation
The IMF released a second working paper on the distributional impacts of fiscal consolidation. Like the previous work, this one concludes that “fiscal consolidations are likely to raise inequality through various channels including their effects on unemployment. Spending-based consolidations tend to worsen inequality more significantly, relative to tax-based consolidations.” For more on the IMF’s recent work on fiscal policy, see this presentation at UNICEF.
The IMF released a second working paper on the distributional impacts of fiscal consolidation. Like the previous work, this one concludes that “fiscal consolidations are likely to raise inequality through various channels including their effects on unemployment. Spending-based consolidations tend to worsen inequality more significantly, relative to tax-based consolidations.” For more on the IMF’s recent work on fiscal policy, see this presentation at UNICEF.
Posted by at 1:30 PM
Labels: Inclusive Growth
Tuesday, September 10, 2013
Okun’s Not Broken: Jobs and Growth are Still Linked
I sound like a broken record (young people will not know how a broken record sounds, let alone what a ‘record’ is) but I gave a talk at the New School for Social Research today on how jobs and growth are linked in many countries across the globe. On a personal note: It was difficult not to ‘feel verklempt’ giving a talk at New School–Robert’s Heilbroner’s “The Wordly’s Philosophers” is probably why I became an economist.
I sound like a broken record (young people will not know how a broken record sounds, let alone what a ‘record’ is) but I gave a talk at the New School for Social Research today on how jobs and growth are linked in many countries across the globe. On a personal note: It was difficult not to ‘feel verklempt’ giving a talk at New School–Robert’s Heilbroner’s “The Wordly’s Philosophers” is probably why I became an economist. Read the full article…
Posted by at 8:00 PM
Labels: Inclusive Growth
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