Monday, February 24, 2014

My Quiz for Wannabe Keynesians

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Simon Wren-Lewis has a great post today on what makes a Keynesian.  Here is my answer together with a quiz for wannabe Keynesians. Firs...
48 comments:
Saturday, February 15, 2014

Faust, Keynes and the DSGE Approach to Macroeconomics

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DSGE models have been the subject of much attention recently on the blogs. Simon Wren-Lewis  suggests that DSGE modelers made a Faustian bar...
15 comments:
Sunday, February 9, 2014

Keynes and Sticky Prices: Time to Think Outside the Box

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Several recent excellent posts have appeared on Keynesian economics and sticky wages and prices. David Glasner points out that ...the st...
24 comments:
Monday, February 3, 2014

Rational Expectations and Animal Spirits

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Along with the rest of modern macroeconomics, the rational expectations (RE) assumption has gotten quite a bit of flack lately. I don’t thi...
5 comments:

Download my Data on the Stock Market and Unemployment

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The recent drop in the stock market, if it persists, will present serious challenges for the Yellen Fed. In a couple of recent academic ...
Wednesday, January 29, 2014

Quote of the Day

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This piece is widely known, but I never tire of reading it. It comes from a 1906 letter by Alfred Marshall to his student Arthur Bowley (of ...
Sunday, January 26, 2014

Old Keynesian Economics and Equilibrium Theory

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Noah Smith refers to a vintage piece by Robert Barro that pours scorn on the New Keynesian agenda. I am grateful to Noah for drawing our ...
23 comments: