(a.k.a. Okun’s Law is Alive and Well)
Today we are fortunate to have a guest contribution written by Laurence Ball (Johns Hopkins University), Daniel Leigh (IMF) and Prakash Loungani (IMF) .
Understanding risk aversion in financial markets
At the economics meetings here in San Diego this weekend, I learned about some very interesting new research on one of the core questions in finance and macroeconomics that had long puzzled me.
Think Tanks in the Economics Profession (II)
Updating last year’s post, indicators via representation at the (now ongoing) Allied Social Sciences Association meetings.
The Economy’s Trajectory in 2013
The agreement arrived at on New Year’s day implies that output at the end of 2013 will be between 0.6 to 1.0 percentage points higher than it otherwise would be under what was until New Year’s, current law, according to CBO’s preferred multipliers. The uncertainty arises in part from the unresolved nature of the sequester deal.
QE3 and beyond
Now that we’ve closed the books on 2012, I thought it might be useful to take a look at where monetary policy has led us over the last four years.
The Year in Review II: Yet More Fantastical Pseudo Economics
Time to emulate the media’s “year in review” pieces, with my own take on the most outrageous, nonsensical assertions presented in the guise of analysis. Here are my ten most hilariously deluded excursions into the fantasy world from my postings to Econbrowser. The inspirations range from (once again) the Heritage Foundation’s analyses (where have you gone, Bill Beach!) to the ongoing search for hyperinflation/crowding out.
Metrics for the “Ever Expanding Government”
The latest in a series examining persistent macroeconomic myths [1]
Investment and the business cycle
I fell a little behind on blogging with the holidays, so today I’ll outsource to Calculated Risk.
Dragged to the Fiscal Slope
Implications of “I am not a member of an organized political party. I am a Republican.” (with apologies to Will Rogers)
Confusion in the Anti-Keynesian Ranks
Some people think that if one takes into account intertemporal dynamics, policy must necessarily be ineffective