Sunday, 14 July 2013

Behaving like Luddites

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The Luddites were 19th-century English textile artisans who protested against newly developed labour-saving machinery from 1811 to 1817. A...
7 comments:
Friday, 12 July 2013

The two arguments why the Zero Lower Bound matters

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I think it is important to distinguish between two arguments why the Zero Lower Bound (ZLB) for nominal interest rates matters. I will labe...
7 comments:
Wednesday, 10 July 2013

An argument for forward guidance in the UK

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What is the Monetary Policy Committee (MPC) of the Bank of England (BoE) trying to achieve? I think there are two leading candidate answers...
3 comments:
Tuesday, 9 July 2013

Economic History and Krugman’s Crib Sheet

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One of the positive things about reading blogs is that sometimes you see connections in apparently diverse offerings. So here are two seemi...
17 comments:
Friday, 5 July 2013

How knowledge transmission should work

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The tenth anniversary of the UK’s 2003 decision not to join the Eurozone has just passed. With all my complaints about how bad macroeconomi...
18 comments:
Thursday, 4 July 2013

Government debt, Inflation and Money

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Do budget deficits cause inflation? Let me be a little more specific: does raising the level of debt and keeping it there when the economy ...
16 comments:
Wednesday, 3 July 2013

The knowledge transmission mechanism

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In a comment on my last post , Joseph Grossman asks “If the vast majority grasp and support the basic shape of the [fiscal] stimulus soluti...
13 comments: