Why rational expectations models can be wrong

Posted by | 1:57 PM
Washington University professor David Levine has a pair of articles ( article 1 , article 2 ) in the Huffington Post about why financial cri...

Cochrane on consumer financial protection

Posted by | 7:32 PM
The John Cochrane shadow-blogging continues... Cochrane has two posts up about consumer financial protection. The first is about the negativ...

Lower wages can be a good thing

Posted by | 12:51 PM
Menzie Chinn points out that recovery in manufacturing and exports has been stronger than recovery as a whole. As an explanation, he cites ...

Tyler Cowen pounces on Keynesianism

Posted by | 9:51 AM
The new payroll numbers are out, and the numbers are good . Tyler Cowen interprets the numbers to be a big refutation of Old Keynesian macr...

Thursday Roundup (2/2/2012)

Posted by | 11:36 PM
Posts you may have missed in the blogosphere this week...Ride em econ cowboys! 1. Matt Yglesias reminds us that it is never wise to give our...

Who cares how "deserving" the poor are?

Posted by | 1:13 AM
Bryan Caplan is apparently about to debate Karl Smith on the question of "How deserving are the poor?" I want to get my two cents...

Alex Tabarrok: Public goods, public goods, public goods!!!

Posted by | 10:25 AM
It is difficult to overstate the intensity of the warm glow that fills my heart to see Alex Tabarrok writing this in the pages of the Atlan...

Standard Republican narrative of history (John Taylor edition)

Posted by | 11:55 PM
According to John Taylor, the reason that the recovery from the 2008-9 recession has not been as rapid as the recovery from the 1981-2 reces...

Thursday Roundup (1/26/2012)

Posted by | 9:57 PM
New feature, y'all! I've decided to join the ranks of the aggregators, and post a weekly roundup of interesting posts from around th...

Cochrane: Just don't call it "stimulus"!

Posted by | 9:20 AM
John Cochrane has a long blog post up, the first half of which is a general discussion of the idea of fiscal stimulus, and the second half ...

The real multiplier vs. the nominal multiplier

Posted by | 10:55 PM
I've been having some interesting email discussions with Scott Sumner, and thus it is time for a macro post. Scott Sumner and David Bec...

Scott Winship fails to show that Alan Krueger is a liar

Posted by | 10:22 AM
Ever since Council of Economic Advisors chair Alan Krueger gave a speech on inequality , conservative media have been hard at work trying to...