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Elementary, My Dear Watanabe-san (Somewhat Wonkish)

posted to Paul Krugman on Thu 23rd May 13

What was that about?
The Joy of Term Papers

posted to Paul Krugman on Wed 22nd May 13

Honestly, mostly.
The Sloppiness Syndrome

posted to Paul Krugman on Wed 22nd May 13

Counterintuitive ain't what it used to me.

A Dark Age of macroeconomics (wonkish)

posted to Paul Krugman on Tue 27th Jan 09

Brad DeLong is upset about the stuff coming out of Chicago these days - and understandably so. First Eugene Fama, now John Cochrane, have made the claim that debt-financed government spending necessarily crowds out an equal amount of private spending, even
Liquidity preference, loanable funds, and Niall Ferguson (wonkish)

posted to Paul Krugman on Sat 2nd May 09

Joe Nocera writes about Thursday's New York Revie/PEN event on the economy, but fails to mention what I found the most depressing aspect of the whole thing: further confirmation that we're living in a Dark Age of macroeconomics, in which hard-won knowledge
Why markets can't cure healthcare

posted to Paul Krugman on Sat 25th Jul 09

Judging both from comments on this blog and from some of my mail, a significant number of Americans believe that the answer to our health care problems - indeed, the only answer - is to rely on the free market. Quite a few seem to believe that this view reflects

The Liquidity Trap and Macro Textbooks

posted to mainly macro on Thu 23rd May 13

Over the last eleven days something unusual has happened I have not only failed to post a blog of my own, but I have not even read anyone elses posts. Instead I have taken advantage of a sabbatical term to take a break [1] in Umbria, during a time of year when
Tweakin' the bull

posted to The New Arthurian Economics on Thu 23rd May 13

From the Congressional Research Service: The Fall and Rise of Household Saving, a PDF by Brian W. Cashell, Specialist in Macroeconomic Policy: From Do the Rich Save More?, a PDF by Dynan, Skinner, and Zeldes: From Rama Bijapurkar, a breakdown of income, saving,
Noted for May 23, 2013

posted to Grasping Reality with Both Hands: Economist Brad DeLong's Fair, Balanced, and Reality-Based Semi-Daily Journal on Thu 23rd May 13

Ben McLannahan: BoJ holds amid signs of economy picking up | Paul Krugman: The point, I think, is that you can simultaneously fault the Fed and economists in general for failing to see this crisis coming, and ridicule the hedge fund guys for giving advice right