How to pronounce“misallocation”in English

misallocation of resources it's a terrible idea but so it only could have happened in a dictatorship controlled by

massive misallocation of credit if the government gets into allocating credit

massive misallocation of credit if the government gets into allocating credit

Capital misallocation is a big deal.

about misallocation in response to things like information asymmetries or

but also the misallocation of resources, because it's led by the state, are some of the downsides.

Because of this misallocation of capital because of credit, you end up with too much in the wrong type of investment in the capital structure.

have involved a misallocation of resources to my mind uh people are being scapegoated a bit too much in the finance industry and I think the

If there's misallocation, if the government leaves something on the table where it could improve things.

But here's the misallocation term over here.

generate some misallocation.

But the misallocation concepts misallocation facts.

mismanagement is the misallocation of resources and the economic recession that we're going into now

But just to keep emphasizing the misallocation thing, in this simple economy, then we would say, there's a representative consumer with these preferences here.

then that's not necessarily misallocation either.

So what might look like misallocation might be an efficient response to these amenities.

This one I was going to emphasize misallocation of talent, the misallocation.

But there's a lot of misallocation in the fact that these fractions weren't equal, because the distributions of talent always been equal across these groups.

So any difference here is reflecting misallocation, there's still some but there's less.

actually leading to more capital misallocation and not less and and why but you know these are pretty fundamental questions for

Talking about work that's being done on thinking about misallocation of resources and its implications for aggregate productivity.

But that's an example of a different type of misallocation that could exist and could still exist United States and elsewhere, in a way that's leading to the output too little innovation

with the facts that i have in mind or misallocation facts so um so that way what if i run out of

output if this this dispersion truly affects reflex misallocation if these are like state-owned

But I do see that there's a massive misallocation of these sources.

indirect way but the real cause of of the misallocations in the economic system came from the FED Federal Reserve and Freddy Mack and Fanny

Freddy Mack and Fanny May we certainly wouldn't have had a misallocation of the magnitude we had Deposit Insurance played a huge role in the big failures

with Freddy Mack and Fanny May we certainly wouldn't have had a misallocation of the magnitude we had Deposit Insurance played a huge role in

So any mistake you make there is going to flow into your implied misallocation.

Okay, discrimination as a potential source of misallocation.

people have been or that there's some overlap between development and this misallocation literature um so here at the end you know uh

data and a lot of questions that are first order that this misallocation literature is connected to thanks very much for your

recession in a capitalist environment the market needs to clear that malinvestment that misallocation of capital that means someone made a bet on

I told you that it matters for TFP, working to misallocation of capital.

Then the fact that there's a high rate of return to one activity somewhere relative to another place is a misallocation if you can't really feasibly move those

Aggregate TFP is decreasing in the dispersion of these wedges, that's misallocation.

So I'll return to that issue even though I've touched on it that markup dispersion can be a source of misallocation.

If there's unavoidable adjustment cost and transportation costs, that's not misallocation either.

than than say manufacturing for example which has been heavily studied um and there's you know a lot of potential misallocation of inputs

management so uh uh they may they contributed to the crisis more in an indirect way but the real cause of of the misallocations in the economic

um in a way part of the problem was that central banks were focused on models centered on second order problems the micro misallocations that occur when

has ever wasted money on the scale of the American financial market, and it really was a massive misallocation of resources.

And so, the way we're going to back out the barriers is we're going to say, look, in a world with no misallocation,

So let me start by saying, one thing I've encountered in teaching it is people like, what exactly is misallocation?

Okay, so one thing that I touched on and I want to reinforce here is what is not misallocation.

Well, if there's TSPR dispersion due to measurement error, I wouldn't call that misallocation, that's just bad data.

For example, if you said, hey, everybody's got the same production function, so any differences in capital labor ratios or inefficient in misallocation, that's clearly vulnerable or susceptible to,

But there's growing interest in markup dispersion, but also in dispersion in monopsony power of firms that might lead to misallocation of labor.

So firms with a lot of market power even in the output side or on the input side are generally too small and that's leading to misallocation.