There have been a good number of articles to document the phenomenon of a counter-cyclical relationship between unemployment and health. As unemployment rises, deaths from a number of causes have been found to decline. These… Read More »Is this recession good for your health?
In 1976, Robert Lucas wrote a paper that articulated a common criticism of macroeconomic policy-making based on historical data. The essence of the critique was that, since the parameters of macroeconometric models were not structural,… Read More »The Lucas critique and hospital quality