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Most recent posts

  • Another look at the Koizumi boom

    posted to MacroMania on Wed 25th Sep 13

    In my previous post, I reported on the remarkably different trajectories that consumption and investment have taken in Japan since the Asian financial crisis. Consumption has boomed at the expense of investment.Junichiro Koizumi conducting the Japanese economy

  • What's up with Japan? (G, evidently)

    posted to MacroMania on Tue 17th Sep 13

    There is a very interesting monetary policy experiment happening in Japan these days. The outcome of the project will surely be discussed in future macro textbooks. While we are waiting for events to play out, I thought it might be of some interest to provide

  • Confessions of a rehypothecating fractional reserve banker

    posted to MacroMania on Fri 13th Sep 13

    I've been trying to wrap my mind around the new 4-letter-word in finance: rehypothecation. I found out that it seems to be related to an old 4-letter-word: fractional reserve banking. I want to argue that these phrases do not deserve to be viewed as cuss

Most popular posts

  • NGDP Targeting: Some Questions

    posted to MacroMania on Fri 27th Apr 12

    Let me start by saying that the idea of a NGDP target does not sound outlandish to me. But I feel the same way about price-level and inflation targeting. The first order of business for a central bank is, in my view, is to provide a credible nominal anchor.

  • The Trend is the Cycle

    posted to MacroMania on Tue 3rd Apr 12

    Nir Jaimovich (Duke University) and Henry Siu (University of British Columbia) appear to have made a very interesting discovery. Evidently, there appears to be a very strong link between two much talked about phenomena: job polarization and jobless recoveries.

  • Not enough U.S. debt?

    posted to MacroMania on Wed 23rd Nov 11

    One way to measure the ability to service debt is to compute a debt-to-income ratio. Suppose, for example, that your income is $50K per year, that your home is worth $200K, and that you have a $150K mortgage. Then your debt-to-income ratio is 150/50 = 3; or

Latest posts linking here

  • Links for 09-26-2013

    posted to Economist's View on Thu 26th Sep 13

    Default Notes - Paul KrugmanAnother look at the Koizumi boom - MacroManiaA Pause, Not an End, to Warming - NYTimes.comThe Cost of Climate Change - NYTimes.comCapital is back! - Thomas Piketty and Gabriel ZucmanAyn Rand Is Ruining The American Economy - Business

  • Links for 09-18-2013

    posted to Economist's View on Wed 18th Sep 13

    Mr. Keynes and the Austrians - Miles CorakDid US beer mergers cause a price increase? - voxThree Strikes And You're, Well, Still Playing The Same Game - Paul KrugmanFinancing Government with Inflation-Protected Securities - Carola BinderWhat Are the Costs to

  • Links for 09-14-2013

    posted to Economist's View on Sat 14th Sep 13

    Mother of all sudden stops - voxTobin and the Taper (Wonkish) - Paul KrugmanOverpopulation Is Not the Problem - NYTimes.comMexico's Economy Has Yet to Grow in 2013 - Dallas FedThe impact of non-native English speakers in the classroom - voxDebates of the Great