Trump exaggerates economic progress and takes credit he doesn’t deserve

September 20th, 2018

Last week, the White House released a brief that, among other things, suggested I was wrong in claiming the president has taken credit for far more economic success than he deserves. It does not take long to compile evidence to support my mild claim. READ MORE

The financial crisis and the foundations for macroeconomics

September 13th, 2018

A, if not the, preoccupation of macroeconomists for the last generation has been providing macroeconomics with a microeconomic foundation. At one level this totally makes sense. How can one be against establishing foundations? And it makes sense to think that macroeconomic theories of fluctuations in investment, for example, should be rooted in theories of how individual businesses makes investment decisions. READ MORE