Macro mess?
The incomparable Falkenstein on some of the conceptual difficulties with typical AS/AD thinking. I still think macro is pretty useful,
macro, politics, markets, ambivalence
The incomparable Falkenstein on some of the conceptual difficulties with typical AS/AD thinking. I still think macro is pretty useful,
Hilsenrath reports that the discussion inside the Fed has turned to QE3, but that this time MBS is back on
Sargent and Lucas re-enacted
First the RBA, and now Chris Joye have pointed out that DEWR beneit data isn’t consistent with the ABS’s unemployment
The French Association of Treasurers’ October reports that Corporate borrowing conditions have tightened materially. There is evidence of both price
There’s a bit of a fuss about a GS report that supports NGDP targeting. Free Exchange shows some of the
I’ve been a bit busy (partially working on my charting in R), and so am late with my labour market
The FT reports that Bill Gross has taken the Total Return fund to a modified duration of 7.1 years (he
The Journal reports that Bill Gross’s Total Return Fund is finding it hard to attract net new money. Given the
Two of my academic heroes, Thomas Sargent and Chris Sims have won the 2011 Riksbank / Nobel Prize for economics.
I am a strong advocate of counter-cyclical fiscal policy – and just as I think we should push ‘go’ as
It may already be too late to head off a European recession — the ECB’s latest bank lending survey shows