Microfoundations would be nice if we had them

Posted by | 9:25 PM
Matt writes : But while reduction is something scientists inquire into, it's never been the case that reduction is the sine qua non of u...

Steve Williamson explains modern macro

Posted by | 12:28 PM
...Well, not actually all of modern macro. Just the way that modern macroeconomists define the "business cycle" . But since the ...

"This time it's different": China edition

Posted by | 3:10 PM
I confess: I take a guilty pleasure in reading articles that claim "This time it's different". Back in 2004-5, when I started ...

Inflation for the People

Posted by | 1:11 PM
For the past few weeks I've been getting acquainted with the popular wing of the "Austrian economics" movement. First I discov...

How Zero Hedge makes your money vanish

Posted by | 3:00 PM
In 2001, Brad Barber and Terrance Odean published a very famous finance paper called " Boys Will Be Boys: Gender, Overconfidence, and C...

John Taylor uncovers a hideous threat to our freedoms

Posted by | 2:37 PM
John Taylor uncovers a dire and hitherto little-known threat to the freedoms we Americans hold dear: In a recent speech at Stanford former ...

Excess volatility and NGDP futures targeting

Posted by | 11:30 AM
Steve Williamson has a post arguing against NGDP targeting . I just wanted to throw my two cents in, and consider an issue that Steve didn...

The liberty to pee

Posted by | 9:50 AM
The freedom to pee is not in your contract! My advisor, Miles Kimball, requested a blog post on the recent debate over workplace freedom, so...

Macro: people vs. institutions

Posted by | 8:40 AM
I hope Paul Krugman isn't talking about me when he writes : The macroeconomics [centrist dodge] looks like this: a concerned writer or s...

I found a Bizarro Economics World!

Posted by | 9:48 AM
I have located a Bizarro Economics World. It is entire subculture in which people discuss economic issues, ideas, and policy. But it appears...

"Science" without falsification is no science

Posted by | 10:04 PM
Simon Wren-Lewis notes that although plenty of new macroeconomics has been added in response to the recent crisis/depression, nothing has be...

Why did the finance industry get so big? (guest post by Dan Murphy)

Posted by | 7:57 AM
Dan Murphy is a fellow graduate student here at the University of Michigan, and will be going out on the job market next year. We were havi...