Thursday, August 20, 2015
Begging for even more attention from Paul Romer
I have recently been delighted to find comments on this blog from someone named Paul who seems to be Paul Romer himself. He seems to have taken the time to answer my "Question for Paul Romer" even after writing "Solow's Choice" which makes the answer very clear. In that post, he suggests that, in 1978 Solow should have written a simple, applied general equilibrium (SAGE) model with downwarnd nominal rigidity instead of mocking Lucas and Sargent. I just remembered that I have written (but not type set sorry) a SAGE model with downward nominal rigidity -- it's behavior is strange with secular stagnation and sunspots and stuff. I wonder if it is worth a look Also, given the success of my question for Paul Romer, I have two similar ones What about Thomas Sargent ? Does he display Feynman integrity ? I sometimes think he does and sometimes think he's just discovered a spectacularly successful rhetoric of false modesty. Brad DeLong named Alan Blinder as a model of intellectual integrity (sorry can't find the link). Does Alan Blinder display Feynman integrity ?