Robert's Stochastic thoughts

I am so naive that I can still be shocked by Rudolph Giuliani who said "after being married to Bill Clinton for 20 years, if you did...

The AP got a facts wrong when fact checking Trump TRUMP: "Had we taken the oil (in Iraq) -- and we should have taken the oil -- ISI...

I am not a sexist and I followed the brilliant advice the woman whose husband I am gave me in 2000. To understand how a presidential debate ...

I am very pleased that the New York Times, The Washington Post, The Los Angeles Times and Politico have decided to report the fact that Dona...

This is the second installment on general thoughts about Macroeconomics without a rational representative agent. The first installment is he...

Narayana Kocherlakota wrote a brilliant and brief post "On the Puzzling Prevalence of Puzzles". I can't summarize Kocherlako...

27% of US adults say the press is too easy on Donald Trump. 73% of US adults are delusional. http://www.pewresearch.org/fact-tank/2016/09/...

I'm not sure why I can't resist commenting on this post . I certainly love the illustration of an extremely old silverfish frozen i...

Macroeconomists have a problem. We know that agents' expectations are very important, but we don't understand how people form expec...

James Hohmann asks pollsters "Why most think the country is on the wrong track, despite positive economic indicators"? Many para...

It seems to be open season on DSGE macroeconomics again (as it was in 2008). Paul Krugman says that The State of Macro is Sad , and that ...

Yesterday, the talk of the day was Democrats panicking (as always) because support for Trump is creeping up in polling averages (as are est...

This is my second Chait link of the day. Conservatives have a deep and completely principled belief, stemming entirely from abstract cons...

On the Washington Post Opinion pages Norman Ornstein just wrote We know that Republican congressional leaders, on the night of President ...

I think this shows how no good deed goes unpunished. The questions focus on donors to the Clinton Foundation receiving favors from H Clinto...

What happened yesterday ? Trump went to Mexico where he mostly stuck to his script (except for one lie) then he went to Phoenix and went wil...

Paul Krugman is dismayed by something Christopher Sims said a Jackson Hole Sims said Fiscal expansion can replace ineffective monetary ...

I think Simon Wren-Lewis's post "Heterodox economics, mainstream macro and the financial crisis" is excellent even by his hig...

I think that Zack Beauchamp and Matt Yglesias are both wonderful bloggers. Also Yglesias sent me to Beuchamp's latest. However, I thi...

Like Brad DeLong, I found reading Olivier Blanchard's brilliant, brief and concise article on DSGE jarring. I find his critique of D...