Browsing BI Open by Author "Eggertsson, Gauti"

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    • Kaldor and Piketty’s Facts: The Rise of Monopoly Power in the United States 

      Eggertsson, Gauti; Robbins, Jacob; Wold, Ella Getz (Journal article; Peer reviewed, 2021)
      The macroeconomic data of the last fifty years have overturned at least two of Kaldor’s famous stylized growth facts: constant interest rates, and a constant labor share. At the same time, the research of Piketty and others ...

    • Negative nominal interest rates and the bank lending channel 

      Eggertsson, Gauti; Summers, Lawrence H.; Juelsrud, Ragnar Enger; Wold, Ella Getz (Peer reviewed; Journal article, 2023)
      We investigate the bank lending channel of negative nominal policy rates from an empirical and theoretical perspective. For the empirical results we rely on Swedish data, including daily banklevel lending rates. We find ...