DeLong: Long Form

Comment at the URPE-AEA Session: Causes of the Great Recession and the Prospects for Recovery: The Honest Broker for January 18, 2016

Notes for My Comment at the URPE-AEA Session: Causes of the Great Recession and the Prospects for Recovery

• Presiding: Fred Moseley
• David M. Kotz and Deepankar Basu: Stagnation and Institutional Structures
• Robert McKee [Michael Roberts]: Recessions, Depressions, and the Rate of Profit
• Mario Seccareccia and Marc Lavoie: Understanding the Great Recession: Keynesian and Post-Keynesian Insights
• Discussants: Robert J. Gordon, Brad DeLong, David Colander

What Have We Unlearned from Our Great Recession? (January 2011): The Honest Broker for the Week of January 11, 2016

Jan 07, 2011 10:15 am, Sheraton, Governor's Square 15 American Economic Association: What's Wrong (and Right) with Economics? Implications of the Financial Crisis (A1) (Panel Discussion): Panel Moderator: JOHN QUIGGIN (University of Queensland, Australia)

• BRAD DELONG (University of California-Berkeley) Lessons for Keynesians
• TYLER COWEN (George Mason University) Lessons for Libertarians
• SCOTT SUMNER (Bentley University) A defense of the Efficient Markets Hypothesis
• JAMES K. GALBRAITH (University of Texas-Austin) Mainstream economics after the crisis:

---

My name is Brad DeLong.

I am a Rubinite, a Greenspanist, a neoliberal, a neoclassical economist.

The Grand Strategy of Rising Superpower Management: The Honest Broker for the Week of January 4, 2016

Munk School Trans-Pacific Partnership Conference: Geopolitics Panel

Revised and Extended: I could now talk about the risks of the Trans-Pacific Partnership. You have already heard a lot about the risks in the previous session here. You have heard about dispute resolution and about intellectual property. You have heard about instituting largely-untested dispute resolution procedures in such a way that they will be very difficult indeed to amend or suspend or replace or adjust in the future.

We all know very well the eurozone’s ongoing experience. We remember that the euro single currency is in its origins a geopolitical project. We remember the origins of the eurozone at Maastricht—the decision of the great and good of Europe that something needed to be done to bind Europe more closely together in the wake of the absorption into the Bundesrepublik of the German East and the collapse of the Soviet Empire. The creation of a single currency was clearly something.

Interview: Brad DeLong and Jan Hatzius: The Honest Broker for the Week of December 28, 2015

An interview with Jan Hatzius I did last fall:

Brad DeLong is a professor of economics at UC Berkeley, where his research focuses on financial crises and 20th century macroeconomics, as well as the political economy of monetary and fiscal policy. He has taught at Harvard University and served as Deputy Assistant Secretary of the Treasury for Economic Policy under the Clinton Administration. Below, he and Goldman Sachs Chief Economist Jan Hatzius discuss risks around liftoff and the structural downshift in rates.

MOAR Musings on the Current Episteme of the Federal Reserve...: The Honest Broker for December 21, 2015

Paul Krugman's Respectable Radicalism politely points out (at least) one dimension along which I am a moron.

Let me back up: Here in the United States, the current framework for macroeconomic policy holds that the economy is nearly normalized, that further extraordinary expansionary and fiscal policy moves carry "risks", and that as a result the right policy is stay-the-course. I was arguing that the Economist Left Opposition demand--for substantially more expansionary monetary and fiscal policies right now until we see the whites of the eyes of rising inflatio--was soundly-based in orthodox lowbrow Hicks-Patinkin-Tobin macro theory. That is the macro theory that economists like Ben Bernanke, Janet Yellen, and Stan Fischer taught their entire academic careers.

Paul Krugman points out—politely—that I am wrong.