ricardian ambivalence

NZ CPI below expectations – again

The Q2 CPI number for NZ printed at 0.3%q/q, taking the annual inflation pace down to 1% (the RBNZ has

My friend Chris Joye has already blogged about the house price bounce that appears in his data, but I thought

Jim Hamilton knows a few of the key decision makers, and he thinks the Fed does QE3 (which i take

With not much interesting on the data front, I have been spending some time with R. I still find the

No surprise that the RBA is a snooze today. Everyone expects the RBA to hold policy steady at 3.5% –

Consistent with their daily series, the RPData house price series for June showed a decent bounce of ~1%m/m. The headline

McCloskey makes the case against well intentioned liberalism. Unions raised wages for plumbers and auto workers but reduced wages for

LabourChartDude makes some appropriate points about bias in the private business and consumer surveys. I am not quite as skeptical.

Of the high profile blogging economists, John Cochrane is closest to my own views. His review of Taylor’s first principles

The Dutch Central Bank recently published a working paper that uses event studies to measure the impact of news about

It is inevitable that Greece will re-default – the only question is if they will remain in the EUR once

A meme that just will not die at the minute is that the RBA is worried about the recent weakness