Do higher public debt levels reduce economic growth? My meta-analysis is out in the September issue of Journal of Economic Surveys. By analysing 816 estimates, I find.- publication bias in favour of negative growth effects.- no uniform public-debt-to-GDP threshold. Summary 🧵

RT @alichtenberger_: Happy to share results of our paper on "Full employment: A Survey of Theory, Empirics and Policies", co-authored w/ @h….

RT @heimbergecon: Our paper on full employment, which provides a survey of theory, empirics and policies related to full employment, is out….

RT @heimbergecon: Nice summary of Keynesian macro paradoxes: why microeconomic morals don't match macroeconomic outcomes. .

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Our paper on full employment, which provides a survey of theory, empirics and policies related to full employment, is out in the August issue of Kyklos. We discuss measures of full employment and show that conceptualising full employment inevitably involves normative judgements.

RT @heimbergecon: "monetary [policy] tightening causes the largest.employment losses for low-paid workers who are employed in high-paying f….

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Nice summary of Keynesian macro paradoxes: why microeconomic morals don't match macroeconomic outcomes.

RT @heimbergecon: "If policy makers aim to increase economic activity in the short to medium run, this paper strongly suggests that tax cut….

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"monetary [policy] tightening causes the largest.employment losses for low-paid workers who are employed in high-paying firms before the tightening. Monetary tightening further causes a reallocation of workers to lower-paying firms."

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"If policy makers aim to increase economic activity in the short to medium run, this paper strongly suggests that tax cuts for top-income earners will be less effective than tax cuts for lower-income earners.""

RT @heimbergecon: New AER paper on the German (hyper)inflation 1919-2023: inflation led to a large reduction in real debt burdens and bankr….

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New AER paper on the German (hyper)inflation 1919-2023: inflation led to a large reduction in real debt burdens and bankruptcies, showing how inflation transmits to the real economy through a debt-inflation channel via firm balance sheets:

RT @ojblanchard1: it took a bit of time, but our paper is out. And it has, I think, aged fairly well.

RT @heimbergecon: The Bernanke/Blanchard paper on what caused the US pandemic-era inflation is out in AEJ: Macro. They argue inflation was….

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The Bernanke/Blanchard paper on what caused the US pandemic-era inflation is out in AEJ: Macro. They argue inflation was mostly driven by (temporary) supply shocks, not the tight labour market.