Posted by Unknown | 10:49 PM

"Market monetarists" like Scott Sumner and David Beckworth frequently make the case that countercyclical fiscal policy is unimport...

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Posted by Unknown | 12:39 AM

OK, here's y'all's links! This week, Brad DeLong and Larry Summers release a paper about how people shouldn't be left withou...

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Posted by Unknown | 12:06 AM

In a comment thread over at Steve Williamson's blog (yes, I am avoiding work, why do you ask?), I wrote: As for the reason for my pessi...

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Posted by Unknown | 9:13 AM

Experimental finance, like all experimental studies of complex systems, suffers from a problem of "external validity" - it is not ...

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Posted by Unknown | 9:18 AM

Another salvo in the Macro Wars . In a newish blog post , John Cochrane declares that austerity is hurting Europe: Austerity isn't worki...

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Posted by Unknown | 6:44 AM

Whoops! Forgot to post the weekly roundup yesterday. Here y'all go! 1. Paul Krugman notes that the stock market has been doing great und...

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Posted by Unknown | 2:38 PM

Is New Old Keynesianism dead? I encourage everyone to read Henry Farrell and John Quiggin's new article, " Consensus, Dissensus and...

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Posted by Unknown | 2:16 PM

(First, a disclaimer: I am not using the word "inflation hawk" in a pejorative way; I am using it to mean "Someone whose infl...

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Posted by Unknown | 8:36 AM

Via Tyler Cowen, I just saw this from Felix Salmon :   There’s a whole narrative in this chart. From 1970 through the beginning of the crisi...

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Posted by Unknown | 7:04 PM

In November, Tyler Cowen had this gloomy prediction about solar power : If a solar breakthrough is now likely, in which market prices do we ...

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Posted by Unknown | 9:03 PM

This week in econ: A bunch of people are talking about philosophy-of-macroeconomics, which I like...things like microfoundations, rational e...

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Posted by Unknown | 12:55 PM

A very interesting article in the NYT today, in which Greg Smith gives his reasons for resigning as an executive director at Goldman Sachs ....

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Posted by Unknown | 8:42 PM

"It's almost like you have to say socially unacceptable things once in a while just to prove you're a real economist." - a...

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