tag:blogger.com,1999:blog-5713178645208582139.post3022097337883180108..comments2024-03-17T03:26:42.785-05:00Comments on Macro Musings Blog: The BIS Wants to Put the Cart Before the Horse.David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5713178645208582139.post-12972499037668839962014-07-08T12:26:18.006-05:002014-07-08T12:26:18.006-05:00Keynes’s “Liquidity Preference Curve” (demand for ...Keynes’s “Liquidity Preference Curve” (demand for money), is a false doctrine. The money supply (& commercial bank credit), can never be managed by any attempt to control the cost of credit (i.e., thru pegging the interest rate returns on government securities; or thru "floors", "ceilings", "corridors", "brackets", IOeR, Taylor Rule’s, etc.). The only Salmo Truttahttps://www.blogger.com/profile/13910212017849902362noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-41058644058014102712014-07-03T00:31:51.999-05:002014-07-03T00:31:51.999-05:00The US recession is over imo. They are between the...The US recession is over imo. They are between the fuzzy line of recession-boom. I think revisions and surprising revelations are going to come out the 2nd half of this year. The fact accounting rules are showing monetary policy should be in a modest tightening phase is unsurprising. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-32065737734399882002014-07-02T15:54:28.460-05:002014-07-02T15:54:28.460-05:00David, O/T: Where's the best place to find a c...David, O/T: Where's the best place to find a chart of the price level (P) vs year which compares a theoretical model of P to empirical data? Here's two examples of what I mean for <a href="http://4.bp.blogspot.com/-LnhMz8TjIjo/U7NFZRdL48I/AAAAAAAAFPM/w8tJKBSOciw/s1600/oh+canada+gdp+and+mb.png" rel="nofollow">Canada</a> and for <a href="http://2.bp.blogspot.com/-Lv9tcB4X70o/U7NHd-R16CI/Tom Brownhttps://www.blogger.com/profile/17654184190478330946noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-29305030631148160522014-07-02T13:27:13.708-05:002014-07-02T13:27:13.708-05:00Everybody has drawn their lines in the sand for ho...Everybody has drawn their lines in the sand for how much output gap there is. I say it is smaller than presented in this post. The CBO continues to re-draw their line toward a smaller gap. <br />We'll just wait to see now who came closest with their real-time projections.Edward Lamberthttp://effectivedemand.typepad.comnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-8978642992375935132014-06-30T15:02:50.074-05:002014-06-30T15:02:50.074-05:00David
This year I decided to completely ignore the...David<br />This year I decided to completely ignore the BIS Annual Report. They keep writing the same nonsense!<br />http://thefaintofheart.wordpress.com/2013/06/23/the-bis-wants-to-take-the-world-economy-down/João Marcushttps://www.blogger.com/profile/13658264244033012660noreply@blogger.com