Economics and...

What a difference a decade makes.

OK, so I decided to do a substantive post – something I haven’t done in a while because this blog has fallen into the category where, if I h...

But then why is it letting me make this post? UPDATE: OK, it seems to have reappeared. Maybe Google temporarily "deleted" it bec...

It certainly seems to be functioning as an effective spam collector. Maybe I should actually try posting something again.

It appears now that the G-20 intend to make their compromise with the devil. That’s pretty much inevitable, since the devil is one of them...

Reading Karl Smith’s comment on my previous entry, I started to think about the implications of rational expectations in the context of pot...

In a blog post a couple of weeks ago, Paul Krugman presents a scatterplot of the change in the inflation rate (y) as a function of the outp...

Yeah, it's not just " good for you " Here's how things stand: the stimulus bill is way too small, it's floundering in...

If you believe in a NAIRU, or anything remotely like a NAIRU or an accelerationist Phillips curve, the prognosis for prices is looking incre...

Following up on my last post concerning Nick Rowe's application of rational expectations to public policy: it occurs to me that the w...

Why is it that so many economists assume that private agents are rational but policymakers are irrational? Breaking with that rather silly c...

A headline on Bloomberg: Fed Loans Guided by Raters Grading Subprime Debt AAA Oh, my God! You mean the Fed is actually relying on ratings...

If I were a currency trader, I'd be selling Euros .