Robert Barro

2 weeks ago | nber.org | Robert Barro

Articles from the 1970s applied a general-disequilibrium framework to the determination of output and employment with sticky nominal prices and wages. Quantities are determined on the short sides of the goods and labor market and involve non-price rationing. With general excess supply, where prices and wages are “too high,” output and employment are determined by the Keynesian demand multiplier, based on the marginal propensity to consume.

Jul 11, 2024 | nber.org | Robert Barro

Skip to main content I have no sources of funding to disclose. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. Related

Jun 27, 2024 | reubenabati.com.ng | Robert Barro

Only politicians and their supporters numbed by greed and insensitivity to human suffering, and (there are many in Africa), did not anticipate the “Youth Revolt” of 25 June 2024 in Kenya. But this appears to be the beginning of a renewed “people power” revolution against bad governance, even though the death of more than 20 Kenyans was avoidable and unnecessary before President William Ruto could withdraw his government’s anti-people Finance Bill 2024 after the June 25 mayhem.

Apr 4, 2024 | nber.org | Robert Barro |Varadarajan V. Chari

Skip to main content We have no sources of funding to disclose. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. Related

Jan 11, 2024 | nber.org | Robert Barro |Rachel McCleary

We attest that we have disclosed all sources of funding and relevant financial relationships. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. Related