tag:blogger.com,1999:blog-5713178645208582139.post7369778436236073134..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: More Dependent Than EverDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5713178645208582139.post-18087505590617275062010-04-24T20:19:49.162-05:002010-04-24T20:19:49.162-05:00"However, the figure also indicates the publi..."However, the figure also indicates the public sector dissaving is far larger than the saving gains in the private sector."<br /><br />Perhaps the difference comes from your lumping state and local government in with the federal government, while Krugman does not do that. State and local governments cannot run deficits like the federal government can.Minnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-81285015316713891492010-04-21T18:50:59.988-05:002010-04-21T18:50:59.988-05:00Wasn't a lot of the slack in 2009 also picked ...Wasn't a lot of the slack in 2009 also picked up by the Fed's expanded balance sheet? So going forward foreigners will still need to step it up or else we refinance at significantly higher interest rates. Fed's exit strategy dictates it at least slows its monetization, no?Holnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-37998966331049676932010-04-14T21:12:39.907-05:002010-04-14T21:12:39.907-05:00The world looks remarkably Ricardian in that first...The world looks remarkably Ricardian in that first graph.Joshhttp://www.everydayecon.comnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-68184682182028486932010-04-10T07:33:59.985-05:002010-04-10T07:33:59.985-05:00David,
I’m somewhat rusty on the gross/net macro ...David,<br /><br />I’m somewhat rusty on the gross/net macro saving relationship, but it seems to me that if domestic net saving is $ (356) billion, this equals the current account deficit only if net investment is zero (i.e. gross investment equals depreciation).<br /><br />Apart from that, it strikes me that Krugman’s claim is trivially true. If the current account deficit is trending flat or JKHhttps://www.blogger.com/profile/10275975730082410689noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-67010461657747851432010-04-09T20:31:21.304-05:002010-04-09T20:31:21.304-05:00And I will make butter with your milk by using the...And I will make butter with your milk by using the graphs in my own class. Thanks for posting.Justin D. Tapphttps://www.blogger.com/profile/12618278252714742391noreply@blogger.com