Robert Barro

Also known as Robert Joseph Barro

American classical macroeconomist

Person · Open Library

Works: 3

Top works

Modern business cycle theory
Intermediate Macro Instructor's Edition
Year Ahead 2022

via Open Library + Wikidata

Music · MusicBrainz

Type: Person
Country: BR
Active from: 1984-10-30

via MusicBrainz · CC0

Recent publications · Crossref

5 total works indexed

Development of the Colle-Salvetti correlation-energy formula into a functional of the electron density
· 1988 · cited 94,860x
Hallmarks of Cancer: The Next Generation
· 2011 · cited 55,816x
Research electronic data capture (REDCap)—A metadata-driven methodology and workflow process for providing translational research informatics support
· 2009 · cited 45,419x
Regression Shrinkage and Selection Via the Lasso
· 1996 · cited 38,849x
The PHQ-9
· 2001 · cited 38,226x

via Crossref · CC0

Quotes

“One troublesome aspect is the place of rational expectations macroeconomics in the often political debate over Keynesian economics. At least implicitly, many people feel that what's bad for the rational expectations viewpoint is good for the Keynesian one, and vice versa. But it is hard to see how the problems in using the rational expectations approach to explain monetary nonneutrality can alleviate the theoretical and empirical shortcomings of the Keynesian model.”
“If we look beyond the issue of monetary nonneutrality, then we do find areas of macroeconomics that use rational expectations and in which important recent progress has been made.”
“My views are more akin to the nineteenth-century liberal philosophy espoused by Milton Friedman, especially in his Capitalism and Freedom. In that work, he proposed many policies that are harmonious with free markets and are receiving serious attention in the United States and other countries. This list includes school choice, the flat-rate income tax, rules for monetary stability, privatized social security, and the elimination of affirmative-action programs.”
“I learned later that economic reasoning was not just mathematics and could be applied to a wide variety of social problems. Now, I think that no forms of social interaction—including religion, love, crime, and fertility choice—are immune from the power of economic reasoning. Hence, even widely held beliefs—for example, that beauty is an illegitimate credential of a worker or that democracy is important for economic growth—are not sacred truths and are subject to analysis.”
“My recent work on macroeconomics has stressed long-term issues, including the determinants of long-run economic growth. From the standpoint of fighting world poverty, nothing is more important than figuring out which policies differentiate the fast-growing countries from the slow-growing ones.”
“For me, a key lesson is that Friedman’s influence was achieved mainly through the force of ideas, not by direct participation in the policy process.”