While the concept of quantitative easing has received a lot of attention amongst economists, qualitative easing was not as widely discussed. Qualitative easing is a monetary easing program that was used by Japan in 2013 and represents some elements of the QE programmes in the US.
The outline of how it works is well described here, and so I want to focus a little bit more on why.
Read moreWhen we model production functions in macroeconomics, the broad ingredients we have for output growth are labour and capital – our factors of production. Both of these factors need to be remunerated, which raises the question of what share of income goes to each.
This is the question of factor income shares.
Read moreAs Motu has noted, the gig economy is an emerging part of the labour market with the features of independent contracting. In the gig economy world, there is little to no cost of switching the job to another is involved. Examples of the gig economy activities include: Uber drivers, YouTube bloggers/ social influencers, independent consultants and etc.
So how can we think about the labour market in a world where work switches towards the gig economy?
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Merry Christmas fine people!
So it is Christmas. How about this year I don’t:
Honestly, I used to do the same thing every year.
My way of precommiting to that was to time this post to go up on … Boxing Day! The presents are given, the inappropriate behaviour is done, and now we are ready to go shopping.
But those big sales back when I worked in retail appear to be largely gone. Why?
Read moreLast time I discussed the relationship between the cost of capital and investment.
Given that motivation, the goal of this post is to understand whether investment is responsive to changes in the UCC due to changes in tax settings. This does two things:
Hey TVHE. Back in the day I used to write on this site, but then all the interesting feedback and discussion on this site convinced me to do my PhD – and yesterday I finally got it awarded.
Just wanted to say thanks! If it wasn’t for the active discussion here and the passionate New Zealand economics community I would never have done it.
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