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J. Bradford DeLong
By J. Bradford DeLong - Jul 30,2015
As bubbles go, it was not a very big one.From 2002 to 2006, the share of the American economy devoted to residential construction rose by 1.2 percentage points of GDP above its previous trend value, before plunging as the United States entered the greatest economic crisis in near
By J. Bradford DeLong - Jun 14,2015
For the past 25 years, a debate has raged among some of the world’s leading economists.At issue has been whether the nature of the business cycle underwent a fundamental change after the end of the “30 glorious years” that followed World War II, when the economy was characterised
By J. Bradford DeLong - Jun 08,2015
When policy makers turn to economists for guidance, they expect the advice they receive to be grounded in science, not academic factionalism or political presuppositions. After all, the policies they will be putting in place will have real implications for real people.Unfort
By J. Bradford DeLong - Apr 06,2015
Ideas matter.
By J. Bradford DeLong - Mar 21,2015
In the United States, just three out of ten workers are needed to produce and deliver the goods we consume. Everything we extract, grow, design, build, make, engineer and transport — down to brewing a cup of coffee in a restaurant kitchen and carrying it to a customer&rsqu
By J. Bradford DeLong - Dec 02,2014
The story goes like this: Since 1979 — the peak of the last business cycle before the inauguration of Ronald Reagan as president — economic growth in the United States has been overwhelmingly a rich-only phenomenon. Real (inflation-adjusted) wages, incomes and living
By J. Bradford DeLong - Nov 29,2014
The conclusion that America has become vastly more unequal over the past 35 years is beyond doubt. Since 1979, the pattern has been clear: the richer you were, the far richer you have become.
By J. Bradford DeLong - Oct 25,2014
For decades, people have been predicting how the rise of advanced computing and robotic technologies will affect our lives. On one side, there are warnings that robots will displace humans in the economy, destroying livelihoods, especially for low-skill workers.
By J. Bradford DeLong - Aug 16,2014
Ten years ago, the world emerged from the dot-com bust and started to look more soberly at the Internet’s potential.
By J. Bradford DeLong - Jul 20,2014
The US Federal Reserve these days is broadly happy with its monetary policy.

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