The Old Keynesian Model by Robert J. Barro published by NBER (5/2025). 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…
Double-Counting of Investment by Robert J. Barro published by NBER (6/2019). “The national-income accounts double-count investment, which enters once when it occurs and again in present value as rental income on added capital. The double-counting implies over-statement of levels…