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The Economists' Voice 2.0The Financial Crisis, Health Care Reform, and More$
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Joseph Stiglitz and Aaron Edlin

Print publication date: 2014

Print ISBN-13: 9780231160155

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231160155.001.0001

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Comment on Barbera

Comment on Barbera

Your Gift Will Make You Rich

Chapter:
(p.195) Chapter 25 Comment on Barbera
Source:
The Economists' Voice 2.0
Author(s):

Casey B. Mulligan

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231160155.003.0025

This chapter presents Casey B. Mulligan’s response to Robert Barbera’s commentary entitled “If It Were a Fight, They Would Have Stopped It in December of 2008” in Chapter 24. Mulligan claims that Barbera appears to disagree with his article and to deeply dislike modern macroeconomics. Barbera’s view is not based on a reading of the academic literature that is being debated, nor even a balanced examination of his own portfolio of economic research and forecasting but, rather, on just two observations: (1) that Mulligan and some of the other modern macroeconomists do not think that an interruption of activity in the banking sector (where Mr. Barbera works) is all that critical to the rest of the economy, and (2) that Mulligan made one incorrect forecast in October 2008.

Keywords:   economic recession, macroeconomics, economic research, macroeconomists, banking sector

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