tag:blogger.com,1999:blog-5713178645208582139.post7247904462442440253..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Monetary Policy and the Crime RateDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5713178645208582139.post-85095483752988934402009-01-10T15:21:00.000-06:002009-01-10T15:21:00.000-06:00I have a problem with this line of thought. If loo...I have a problem with this line of thought. If loose monetary policy caused the unsustainable boom that led to the bust that led to the unemployment that led to the increase in crime....then did not low interest rates ultimately cause the crime wave, not high rates? Its going to take the philosophers to sort this one out....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-61789615992517473852009-01-09T14:31:00.000-06:002009-01-09T14:31:00.000-06:00Anonymous:That is not a fair comparison. Unlike t...Anonymous:<BR/><BR/>That is not a fair comparison. Unlike the rainfall-inflation rate study, there are theoretical reasons to expect a causal link here. Moreover, this study can be seen as simply bridging the gap between (1) the empirical literature showing monetary policy affects the real economy and (2) the empirical literature showing a link between economic conditions. and crime ratesDavid Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-30720793919351107722009-01-08T11:01:00.000-06:002009-01-08T11:01:00.000-06:00How did this paper not make it into the AER? It br...How did this paper not make it into the AER? It brings to mind David Hendry's article where he showed a statistically significant relationship between cumulative rainfall in the UK and the inflation rate.Anonymousnoreply@blogger.com