GDP
The Invention of Economic Growth: The Forgotten Origins of Gross Domestic Product in American Institutionalist Economics
Contemporary critiques of GDP’s role in policymaking see it as an ideological abstraction, emblematic of neoliberalism, that misrepresents “real” economic conditions. What these critiques...
A $2.5 Trillion Question: What If Incomes Grew Like GDP Did?
Per capita GDP in the US grew 118 percent over the past 43 years. At the bottom 25th percentile, real income for full-time, full-year,...
How to Restart the Economy and Save Lives: Simulations on Northern Italy
Italian officials have to choose the optimal strategy to end the lockdown. A policy that sends all the active population back to work avoids...
Covid-19, Central Banks, and Debt Monetization: a Webinar With Olivier Blanchard
Princeton Professor Markus Brunnermeier and former IMF chief economist Olivier Blanchard discuss the impact of the current global health crisis on public finances and policy...
Covid Economics: During 1918 Influenza, Severe Social Distancing Reduced Negative Impacts on American Economy
ProMarket reviews the most recent and interesting academic papers on the ongoing pandemic: Sergio Correia, Stephan Luck, and Emil Verner studied how US cities and...
Covid Economics: Social Distancing and the Relevant Benefits of Cost-Benefit Analysis
ProMarket reviews the most recent and interesting academic papers on the ongoing pandemic: Michael Greenstone and Vishan Nigam of the University of Chicago estimate that...
A New Capitalisn’t Episode: Winners and Losers in the Stimulus Bill – a Reading List
In order to combat the coronavirus, Congress has passed a $2 trillion stimulus bill that targets individuals, small businesses, and large corporations. From an...
How to Interpret Financial Market Movements to Predict the Impact of Coronavirus on GDP
Equity markets in the EU and US dropped by as much as 30 percent, which means that investors have revised downward their estimate of...
This Is Not the Time to Be Cautious. We Need to Contain the Economic Contagion of the Coronavirus
The real danger is that the virus mutates and infects our economic system, even as we manage to root it out of our bodies....
