Advancing a Free Society

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The Long-Term Unemployed: Consequences and Possible Cures

by Gary S. Beckervia Advancing a Free Society
Monday, March 15, 2010

Greater unemployment is a casualty of every recession, and the so-called Great Recession is clearly no exception. The unemployment rate grew from under 5% to just over 10% at its peak, and has fallen during the past few months a little to 9.7%.

Milton Friedman Had It Right All Along

by John B. Taylorvia Advancing a Free Society
Wednesday, March 10, 2010

The following is a reasonable summary, in my view, of the available evidence on the impacts of discretionary fiscal and monetary policy actions taken before, during, and after the recent financial crisis:

The Filibuster and Supermajorities

by Gary S. Beckervia Advancing a Free Society
Sunday, March 7, 2010

Although the American Constitution does not provide for the filibuster, the founders of this country were very much concerned about protecting the rights of minorities.

Why Did Macro Policy in Emerging Market Countries Improve?

by John B. Taylorvia Advancing a Free Society
Tuesday, March 2, 2010

The resilience of emerging market economies severely hit by the panic of 2008 is amazing, especially in comparison with the long emerging market crisis period of a decade ago.

Good Policy Pays Off In Emerging Markets

by John B. Taylorvia Advancing a Free Society
Saturday, February 27, 2010

“Lessons from the Financial Crisis for Monetary Policy in Emerging Markets” was the title for the 2010 L.K. Jha Lecture, which I gave this week at the Reserve Bank of India in Mumbai.

Macro Model Disagreements and Reality

by John B. Taylorvia Advancing a Free Society
Sunday, February 21, 2010

Last Friday Macroeconomic Advisers (MA), a forecasting firm, posted a blog entry responding to empirical work by me and others on the “stimulus act” of 2009.

Should the Government try to Stimulate US Exports?

by Gary S. Beckervia Advancing a Free Society
Sunday, February 21, 2010

Posner shows, among other things, the basic impossibility of doubling US exports during the next five years. I consider whether such a policy makes sense, even if it could be achieved. My short answer is that it does not.

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Advancing a Free Society is the Hoover Institution’s institutional blog.  It serves as a platform for original brief analysis that clarifies and enlightens.