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, Prof. Robert Gordon walks us through the U.S. growth record since the Civil War. We discuss some key takeaways from his monumental 2016 book (which lends its name to this episode). We cover some key drivers of changes in standard of living, not all of which are captured in economic statistics. We contrast the technological breakthroughs in the period 1870-1940 with 1940-2010 and consider the varying productivity impacts of each. Finally, we review the major headwinds facing t...
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.
