Monday, February 1, 2016

Does the Economy Ruin the Stock Market or Does the Stock Market Ruin the Economy?

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John Carney of the Wall Street Journal has written a well researched thoughtful piece  featuring my research on the connection  between th...
2 comments:
Friday, January 22, 2016

Thought for the Day

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Words are Powerful: especially if you put them in the right order. Roger Farmer
Wednesday, January 20, 2016

Graph For the Day: Is QE4 Far Away?

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Here is an update of the graphs I used here to point to the link from QE to the stock market. The market is down 10% since this time la...
9 comments:

To the Fed and the Treasury: Can we Please Play Cooperatively?

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How should government respond to a situation of high unemployment and low growth? If you are a classical RBC kind of person: the answer is s...
1 comment:
Monday, January 18, 2016

Please: Lets Agree to Speak the Same Language

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Olivier Blanchard finds the drop in the value of American stocks hard to explain in a framework where only fundamentals matter. He conclud...
5 comments:
Tuesday, December 29, 2015

Why a Bottle of Beaujolais is not the same as a Collateralized Debt Obligation (Updated May 2016)

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I have updated this blogpost with a link to the new version of my paper. The new revised paper has the title of " Pricing Assets in a...
22 comments:
Sunday, December 20, 2015

Scott Sumner and Musical Chairs

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Since 2009, Scott Sumner has been a big proponent of nominal GDP targeting. He sees nominal wages as slow to adjust and he has sketched a s...
10 comments: