Sunday, April 26, 2015

The Unit Root of the Matter: Is it Demand or Supply?

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John Cochrane responds to my piece on why there is no evidence that the economy is self-correcting with an excellent blog post on unit roo...
13 comments:
Friday, April 24, 2015

Beyond 1950's Economic Theory: Nonlinearity, Multiple Equilibria and Sticky Prices

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David Glasner has a very nice post on Price Stickiness and Economics with great comments from Rajiv Sethi ,   Richard Lipsey and Kevin Dono...
12 comments:
Thursday, April 16, 2015

There is No Evidence that the Economy is Self-Correcting (Very Wonkish)

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David Andolfatto asks in a twitter exchange for evidence that deviations of GDP from trend are non-stationary. Here is the raw data. Figure ...
10 comments:
Monday, April 13, 2015

New Solutions to Old Problems

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There was an interesting exchange over the last couple of days between two of my favorite bloggers; Frances Coppola, aka Femina Spectabilis,...
13 comments:
Sunday, March 8, 2015

Yes David: Unemployment is Sometimes Involuntary

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My pal David Andolfatto doesn't like it when I say that some unemployment is involuntary . Here is my response: David I am happy w...
29 comments:
Saturday, March 7, 2015

Labor Force Participation is Secular: Unemployment is Cyclical!

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Updated data at the request of Andrew Sentence on participation and unemployment in the U.S.   Business cycles are about unemployment; no...
1 comment:
Sunday, February 15, 2015

Sam and Janet go to College

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My reading list on the overlapping generations model has already generated some questions. Rather than respond in the comment section to ea...
6 comments: