tag:blogger.com,1999:blog-2546602206734889307.post4381411822741147086..comments2024-03-28T04:29:22.717+00:00Comments on mainly macro: A New Macropolicy AssignmentMainly Macrohttp://www.blogger.com/profile/09984575852247982901noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2546602206734889307.post-73138909564345377742019-09-10T00:57:44.357+00:002019-09-10T00:57:44.357+00:00That is what would happen if governments adjusted ...That is what would happen if governments adjusted the amount and timing of their public investments according the NPV when inputs are valued at marginal cost, not market prices. <br /><br />OTOH, it's hard to see why they would be pessimistic about fighting recessions so long as they do not already own all all the assets than could be exchanged for costlessly created central bank liabilities. If they run out of government bonds they could buy private bond indexes or buy and sell NGDP futures, or foreign exchange.Thaomashttps://www.blogger.com/profile/14747215297590200584noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-42049083197473980162019-09-05T18:02:33.747+00:002019-09-05T18:02:33.747+00:00What may be missing is allowance for hysteresis. ...What may be missing is allowance for hysteresis. Regardless of the assignment, a large demand shock calls for a large enough response to reverse the damages, in the presence of hysteresis.tom mhttps://www.blogger.com/profile/06218456457883749242noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-79723077804431057772019-08-29T16:06:25.650+00:002019-08-29T16:06:25.650+00:00A question from a cousin from across the pond. Wh...A question from a cousin from across the pond. What happens if parliament does not accept suspension? Seems there are many possible outcomes and most not happy ones.dibert dogbertnoreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-87292929309392084132019-08-28T10:23:33.927+00:002019-08-28T10:23:33.927+00:00typos:
1 - second "Jackson hole" -> &...typos:<br />1 - second "Jackson hole" -> "Jackson Hole"<br />2 - "too different bodies" -> "two different bodies"<br />3 - "central bankers as the break" -> "central bankers as the brake"Anonymousnoreply@blogger.com