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Monetary policy is not interest rate policy - Japanese version

posted to Worthwhile Canadian Initiative on Fri 24th May 13

Suppose I announced I would be buying an asset, both now and in future. And suppose people believed my announcement. It would be paradoxical if my announcement caused the price of that asset to fall. It would be even more paradoxical if I had said I was buying
The Challenges of Mark Carneys European "Mission Civilisatrice"

posted to Worthwhile Canadian Initiative on Thu 23rd May 13

In his farewell address to Canada before assuming the reins of the Bank of England, Mark Carney argues that Canada works because of the strength of the Canadian federation when it comes to its institutional framework and its four critical advantages of responsible
Do ratemyprofessor scores correlate with official teaching evaluations?

posted to Worthwhile Canadian Initiative on Wed 22nd May 13

"He's a smart guy, almost as smart as he thinks he is..." Review on ratemyprofessors.comThe ratemyprofessor.com website comes in for a lot of criticism. Some allege that the reviews are bogus. Others argue that it provides no useful

E(NGDP) level-path targeting for the people of the concrete steppes

posted to Worthwhile Canadian Initiative on Thu 20th Oct 11

"But what concrete steps will the Fed actually take to raise Nominal GDP? Can anyone tell me that?"I must have heard that question a hundred times over the last couple of years. And a dozen more times in the last day, ever since Paul Krugman endorsed
Why "everyone" should be forced to take Intro Economics

posted to Worthwhile Canadian Initiative on Wed 25th Aug 10

The reason is not what you are expecting. It's because maybe if he had been forced to take Intro Economics, the 12th President of the Federal Reserve Bank of Minneapolis, who holds a PhD in Economics from the University of Chicago, who is a specialist in money
Finance as Magic

posted to Worthwhile Canadian Initiative on Wed 13th Jan 10

I can't get over the feeling that Finance is magic. We shouldn't be surprised if sometimes the rabbit doesn't come out of the hat, or comes out missing an ear or two. We should be surprised that the rabbit ever comes out of the hat at all. By "Finance"

Links for 05-25-2013

posted to Economist's View on Sat 25th May 13

Obamacare Is Creating Uncertainty! Better Ditch It - Dean BakerObamacare Will Be A Debacle For Republicans - Paul KrugmanLabor Force Participation Rate Sensitivity - Calculated RiskLiving in Terror of Dead Economists - Gloomy European EconomistChart of the
Noted for May 22, 2013

posted to Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Wed 22nd May 13

Mark Thoma: Economist's View: Inequality and Economic Growth: Paul Krugman and Tony Atkinson | Dylan Matthews: Senior poverty is much worse than you think | THE humble shipping container is a powerful antidote to economic pessimism and fears of slowing innovation.
Noted for May 17, 2013

posted to Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Thu 16th May 13

Nick Rowe: Do New Keynesians need to assume (much) labour hoarding? | Owen Zidar sends us to Pat Kline and Enrico Moretti: Local Economic Development, Agglomeration Economies and the Big Push: 100 Years of Evidence from the Tennessee Valley Authority | Tortilla