Professor Valerie Ramey takes us through the conundrum of why post-war unemployment did not surge in the USA. We then discuss the economic effects of fiscal policy and how the timing of spending (and spending announcements) matters to the measuring the outcome. We finish with a discussion on time use and consider whether leisure time has actually increased as is generally believed over the twentieth century, and review the link with how home production is measured.
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Professor Valerie Ramey takes us through the conundrum of why post-war unemployment did not surge in the USA. We then discuss the economic effects of fiscal policy and how the timing of spending (and spending announcements) matters to the measuring the outcome. We finish with a discussion on time use and consider whether leisure time has actually increased as is generally believed over the twentieth century, and review the link with how home production is measured.
In this episode, we chat with Assoc. Prof. Erik Bengtsson about his extensive work on income inequality. What is the capital share of National Income, why does it matter and why does it change? We discuss the role of democracy and the "Great Levelling" in equality that occurred in Sweden and elsewhere in the first half of the twentieth century. Erik finishes by revisiting old assumptions on the Kuznets curve of income inequality brought about by structural change. With highly disaggregated Sw...
The Economic History Podcast
Professor Valerie Ramey takes us through the conundrum of why post-war unemployment did not surge in the USA. We then discuss the economic effects of fiscal policy and how the timing of spending (and spending announcements) matters to the measuring the outcome. We finish with a discussion on time use and consider whether leisure time has actually increased as is generally believed over the twentieth century, and review the link with how home production is measured.
