Neuroscience
This new economic model takes into account the fact you're irrational
Nick Bunker looks at a new paper that integrates some findings from behavioural economics into a New Keynesian macroeconomic model.
Nick Bunker
Nick Bunker is a Policy Analyst with the Washington Center for Equitable Growth. He is the lead contributor to Value Added, Equitable Growth’s daily column on economics research and the economic news of the day. His writing has been cited by the New York Times, the Washington Post, the Financial Times and other publications. Prior to joining Equitable Growth, he was a Research Assistant with the economic policy team at the Center for American Progress. Nick graduated from Georgetown University in 2010 with a degree in International Economics.
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United States
Americans who have been unemployed for a long time find it harder to get a job. Why?
New research examines long-term unemployment in the US.
United States
What school lunches tell us about educational achievement and inequality
Researchers have examined eligibility for subsidized lunches and the link to educational achievement and inequality.
United States
US wage growth has now returned to pre-recession levels
US real wage growth has returned to pre-recession levels, but what could it mean for the Fed's interest rate plans?
Financial and Monetary Systems
If someone gave you $10 right now, what would you do with it?
The permanent income hypothesis, and how wealth inequality affects consumption.
Manufacturing
The Great Recession ended 7 years ago, but its impact on US productivity still isn't clear
The link between falling productivity growth and the Great Recession isn't clear, but this new research offers some clues.
United States
Artificial intelligence: opportunity or challenge for the US economy?
In a recent speech Jason Furman, chair of the President’s Council of Economic Advisers, discussed the opportunities and challenges of AI.
Innovation
Innovators should be encouraged earlier. Much earlier, says a new report
New research suggests that policymakers should be working to encourage innovation from a much younger age.
Gender Inequality
"A game of musical chairs": Male labour force participation in the US
A new report from the President's Council of Economic Advisors looks at male labour force participation.
Economic Progress
Does inequality make recessions worse?
Two new research conclusions look at how inequality could shape recessions - telling different stories.
United States
What is the natural rate of interest? And how can we determine it?
The natural rate of interest is a concept developed by a late 19th and early 20th century Swedish economist, Knut Wicksell. This is why it matters.
Future of Work
Something strange is going on in the US jobs market
US Jobs market seems to have a gap between job openings and job hires. Here's the complete information.
Entrepreneurship
The United States has lost its dynamism. Could this be the reason?
The United States is a less economically dynamic place than it was decades ago. Nick Bunker looks at what ails the US economy.