Robert's Stochastic thoughts

Guest post by Marco Fioramanti explaining how the EC "reconciles" the NAWRU Phillips curve model with completely implausible long ...

To celebrate the Paris peace talks and in honor of the Christmas season it has been almost unpleasantly hot in the Washington DC area (inte...

This is the third of a series of posts on the non accelerating wage inflation rate of unemployment (NAWRU) estimated by the European Commiss...

This is the first of five posts I promised to write in this post . NAWRU stands for the Non Accelerating Wage inflation Rate of unemployme...

Please read the version here which was updated and corrected (following comments by Marco Fioramanti) European Commission fiscal dictate...

I am blogging with my smartphone while waiting for a plane. That is all.

I think this is the 4th thing I've written about this Krugman post "Anchors Away" * while alarmed by my obsession with that a...

This post is a teaser. I am writing that I will be writing about how the Phillips curve is used by the European Commission and in particula...

of course that is in @Satan 's time line. I would guess Donald Trump is less hated by people who follow @realDonaldTrump but I'd ...

via Mark Thoma The photograph illustrates a fascinating post which really is about How to do cephalapod philosophy And while on the to...

Simon Wren Lewis wrote "It raises important issues about how to reinterpret a no bail out policy when OMT is possible," Heh inde...

Well this is delicate. This humble blog is getting some traffice (from Mark Thoma as usual). It is unfortunate that I feel the need to blog ...

In "Who's the Most Humble? We Are!" Kevin Drum draws my attention to something Carly Fiorina said to which People for the Ame...

A short comment on a shorter comment on Krugman's short comment on "The Big Short" Comment FSP asked a question FSP Los A...

https://twitter.com/mattyglesias/status/666049859753918464 I have three responses. First I don't approve of changing the indicator ...

I found Stanley Greenberg's article Why 2016 could be shattering for Republicans very interesting. I was afraid to read it, because I...

Extreme editing GOP consultant Charlie Black explains what might stop Trump: Black said he was briefed on the findings of two recent pri...

"Worse than you can possibly imagine even taking into account that they are worse than you can possibly imagine" - Brad DeLong ...

QOTD "The Repubs haven’t updated their lies any over the last twenty years, but Hillary has gotten infinitely better at respondng to th...

One great puzzle of the great recession is why extremely high unemployment caused such a small change in the rate of wage inflation. In the...