Macroeconomics

  • The U.S. Treasury building in Washington, D.C., photo by Juanmonino/Getty Images

    Commentary

    Where Keynes Went Wrong

    Failure to consider the potentially adverse effect of government spending on the preexisting level of aggregate demand was and remains a disabling flaw in Keynesian theory—then and now, writes Charles Wolf, Jr.

    Nov 7, 2011

  • Simple and complicated paths from a to b, illustration by MicrovOne/Getty Images

    Commentary

    All Models Fail in Certain Situations

    Perhaps fiscal and monetary policies have not been effective in the U.S. because the underlying problems may be structural. A key problem facing the technology-laden globalized U.S. economy is the gap between skills that employers demand and the unemployed have.

    Aug 31, 2011

  • Report

    Report

    Macroeconomic Strategy for the 1990s: Getting the Long Run Right

    The central economic debate for the first half of 1993, couched in terms of short-run economic stimulus versus long-run deficit reduction was misleading for U.S. long-run strategy.

    Jan 1, 1993

  • People

    People

    Alejandro U. Becerra-Ornelas

    Assistant Policy Researcher; Ph.D. Candidate, Pardee RAND Graduate School
    Education M.Phil. in policy analysis and economics, Pardee RAND Graduate School; B.A. in policy analysis, Center for Research and Teaching in Economics (CIDE)

  • People

    People

    Eliane Dufresne

    Analyst
    Education M.Sc. in public policy and development, Toulouse School of Economics

  • People

    People

    C. Richard Neu

    Adjunct Staff; Professor, Pardee RAND Graduate School
    Education B.S. in economics, California Institute of Technology; M.A. in economics, Harvard University; Ph.D. in economics, Harvard University

  • People

    People

    Shannon Prier

    Quantitative Analyst
    Education Master of Public Policy in homeland security and quantitative methods, University of Southern California

  • People

    People

    Carlos Villegas

    Assistant Policy Researcher, RAND; Ph.D. Student, Pardee RAND Graduate School
    Education M.P.P. in public policy, University of Houston; M.A. in applied economics, University of Houston; B.A. in economics, political science, University of Houston

  • People

    People

    Tal Wolfson

    Assistant Policy Researcher; Ph.D. Candidate, Pardee RAND Graduate School
    Education M.A. in economics, The Hebrew University of Jerusalem; B.A. in economics and philosophy, The Hebrew University of Jerusalem