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In praise of Econ 101

posted to Free exchange on Thu 9th Sep 10

JAMES KWAK describes a scenario presented to a class of college students"A hardware store has been selling snow shovels for $15. The morning after a large snowstorm, the store raises the price to $20.And he writes:In 1986, 82 percent of respondents thought
Fading support

posted to Free exchange on Thu 9th Sep 10

CLUSTERSTOCK posts this chart:And Vincent Fernando writes:Despite talk about how the U.S. economy will soon lose the support of economic stimulus, or that stimulus 'hasn't worked', U.S. fiscal stimulus for the economy is far from finished, and this doesn't
Link exchange

posted to Free exchange on Wed 8th Sep 10

TODAY'S recommended economics writing:The great divergence (Slate)What is the role of the state? (Financial Times)Beware of Greeks bearing bonds (Vanity Fair)Millenials and the stock market (Ezra Klein)New jobs data, a late British economist, and a Fed nominee

First, define the problem

posted to Free exchange on Sun 18th Apr 10

Free exchange Financial reform R.A. | WASHINGTON The unpleasantly complicated battle to reform finance I HAVE been meaning to summarise my thoughts on financial regulatory reform in the wake of the Hyman Minsky conference on same. I have to say, it has left
What's the right inflation target?

posted to Free exchange on Tue 16th Feb 10

Free exchange Monetary policy R.A. | WASHINGTON Investigating the costs of a higher inflation rate Images: MY EARLIER post on the potential benefit from increasing inflation targets from around 2% to something like 4% touched off some interesting discussion
Why isn't the Fed acting?

posted to Free exchange on Tue 17th Aug 10

ONE question a number of economic writers have obsessed over (including, admittedly and apologetically, your humble blogger) is just why the Fed has been reluctant to act in a more aggressive fashion as recent economic data have deteriorated. I've mentioned

links for 2010-09-08

posted to Economist's View on Wed 8th Sep 10

Popper on Rationality - The Leisure of the Theory ClassFed Report Finds Signs Growth Is Slowing - NYTimes.comFiscal policy: So crowded, no one's working anymore - The EconomistSF Fed Official: Economy Still Making Forward Progress - Real Time EconomicsConsumer
Ryan Avent Accurately Characterizes the New York Times's Economix Column

posted to Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Wed 8th Sep 10

Ryan Avent:Fiscal policy: So crowded, no one's working anymore: For now, paying attention to Mr Mulligan is an utter waste of time...Why oh why can't we have a better press corps?This has gone on long enough. Catherine Rampall, Steve Greenhouse, David Leonhardt,
links for 2010-09-06

posted to Economist's View on Mon 6th Sep 10

A Bank for Macro Models - John TaylorKeyness conference and Morgenthaus dream - Edge of the American WestRA of The Economist gets it right - Richard GreenHousing markets: Let the market crash? - Free ExchangeInterview with Germany's Finance Minister - SpiegelPlan