Robert's Stochastic thoughts

Asymptotically we'll all be dead

Saturday, February 28, 2015

Lucas Critique upside down

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I think this is even more Noah Smith bait than Mark Thoma bait. First the twitter version of the Lucas critique. Lucas argued that if o...
3 comments:

Old Keynesian Financial Frictions

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I had forgotten this passage from The General Theory which may be Brad DeLong's favorite. Brad made very good use of Finally it is ...
Friday, February 27, 2015

New Keynesian Financial Frictions

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Over a year ago, Noah Smith wrote a blog post with an excellent illustration of the first extremely unsuccessful attempted machine gun. Th...
3 comments:
Tuesday, February 24, 2015

Can Someone Help me Balance the Japanese National Income and Product Accounts ?

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I was sincerely shocked to read that the Japanese household savings rate was negative. "The savings rate in the year through March ...
4 comments:
Monday, February 23, 2015

Time for a Drum head trial

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Uh oh the usually solid front of Political Animals is divided. Current animal Ed Kilgore appreciates the DNC's appreciation of narrat...
Friday, February 20, 2015

Old Keynesians on Monetary Offset of Fiscal Policy

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This is an ultra pointless "someone is wrong on the internet" post. I think I read somewhere the suggestion that Keynesians had ...
Wednesday, February 18, 2015

Republicans Worst Idea Ever ?

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With the sarcastic hyperbole that won him millions of fans (OK that makes me read everything he writes) Jon Chait declares "Poll Confi...
Monday, February 16, 2015

Why do Macroeconomists Think We Know Macroeconomics ?

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This post is a comment on Noah Smith's brilliant post "Why do non-experts think they know about macroeconomics?" which is, it...
19 comments:

Matthew Yglesias's Gaffe

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I learn from this wonderfully titled wonderful post "Randomgate is why politicians are so boring" that Obama's gaffe in which...
Saturday, February 14, 2015

Quote of the Day

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Robert (not Paul) Waldmann wishes that he and not Paul (not Robert) Waldman had written And New York City, population 8.4 million, just w...
3 comments:

Talk about Wiki

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IIRC Wiki means quick in Hawaiian and it sure is. Kate Brown will be sworn in as governor of Oregon on Wednesday and the Wikipedia already ...
Monday, February 02, 2015

I Don't Dare click the link

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I don't dare click this link but I sure liked the pingback excerpt Pingback excerpt: […] down. Robert Waldmann, a blogger and remarkab...

2 complaints about Chait

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Jon Chait has irritated me in two ways. First he doesn't post often enough. Time after time I surf to http://nymag.com/author/jonathan...
1 comment:
Sunday, February 01, 2015

A Question for Those Skeptical about Fiscal Stimulus

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There are many opponents of fiscal stimulus that argue that it doesn't work (e.g. Robert Lucas (search for (Laughs.) & Eugene Fama ...
8 comments:
Thursday, January 29, 2015

QOTD Josh Barro

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A ‘Rich’ Person Is Someone Who Makes 50 Percent More Than You ... @UpshotNYT NYT - Josh Barro - Jan 29 The first rule of modern tax ...
Wednesday, January 28, 2015

On Glasner on the Long Run Phillips Curve

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David Glasner has another interesting post questioning Milton Friedman's immense status. This time he asserts that the claim that the l...
Monday, January 26, 2015

On Coppola on [spoiler alert]

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Discussing Syriza, Frances Coppola quotes Keynes who she names only at the end of the column (although she knew and wrote that it would be e...

On Glasner on Friedman on Phillips

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David Glasner has a very interesting post in which he discusses the question of whether David Hume came up with the argument that the long ...
1 comment:
Friday, January 23, 2015

Reading James Forder

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I am actually reading "Macroeconomics and the Phillips Curve" by James Forder . I started in the middle after searching for [Samu...
Wednesday, January 21, 2015

Debates

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I typed something sloppily which stimulated Nick Rowe (see his comments here ) Actually I have a challenge. Name a Friedman Solow debate wh...
3 comments:
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