Half human, half EconoTroll
Saturday, June 15, 2013
Why I am a fiscalist
The FT's Cardiff Garcia has a great rundown of the two factions within the pro-stimulus camp in the macro policy debate: Fiscalists...
Thursday, June 13, 2013
What is "neoclassical" economics?
New rule: the term "neo-" shall never be applied to anything other than Keanu Reeves' character in The Matrix. OK, just ki...
Wednesday, June 12, 2013
Should Japan default?
There are two reasons to think about what happens in the eventuality of a Japanese sovereign de...
Sunday, June 09, 2013
The Zero Upper Bound?
A funny thing happened the other day. As part of "Abenomics", the Bank of Japan has been buying long-term Japanese government bo...
Tuesday, June 04, 2013
What is "derp"? The answer is technical.
There has been much discussion lately concerning the word "derp" and its appropriate usage. For example, Josh Barro used the wor...
Atlantic column: "Should we trust economists?"
Excerpts from my latest Atlantic column : Imagine you are the Royal Physician in England some time during the 14th century. The prince ...
Thursday, May 30, 2013
What does it mean to have "predicted the crisis"?
Since 2008, quite a lot of people have boldly claimed that they "predicted the crisis"....
Wednesday, May 29, 2013
DSGE + financial frictions = macro that works?
In my last post , I wrote: So far, we don't seem to have gotten a heck of a lot of a retur...
Monday, May 27, 2013
What can you do with a DSGE model?
When the Bank of England invited me to give a talk at their workshop on macroeconomics, I wasn'...
Bets do not (necessarily) reveal beliefs
Bryan Caplan is well-known for demanding that people bet on their macroeconomic beliefs and theories. The idea (which I endorse, btw) is ...
Saturday, May 18, 2013
Short blogging hiatus
In Europe for a week, won't be able to blog...
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