tag:blogger.com,1999:blog-5713178645208582139.post2533792798601277776..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Yes, Monetary Policy Does MatterDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5713178645208582139.post-44262584487470496692011-03-01T20:38:37.857-06:002011-03-01T20:38:37.857-06:00David
I this paper will prick your interest!
http:...David<br />I this paper will prick your interest!<br />http://www.nber.org/papers/w16815João Marcushttps://www.blogger.com/profile/13658264244033012660noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-7121195674407002312011-03-01T08:50:05.297-06:002011-03-01T08:50:05.297-06:00Well feels like Groundhog day around here, but I t...Well feels like Groundhog day around here, but I think John Cochrane already effectively demolished this thesis. Its not about monetary policy. If you think deleveraging is the problem, then we should perhaps be looking to some kind of debt jubilee to relieve homeowners for example. But maybe Arnold Klingon has it right with his recalculation thesis. And again, monetary policy doesn't help ecbnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-71612354229767719432011-02-28T18:31:54.566-06:002011-02-28T18:31:54.566-06:00"I don't like this division. It creates t..."I don't like this division. It creates the impression that all empiricists don't use foward-looking theory to asses their reading of the data. Far from it." <br /><br /><br />Economists keep telling us Romer outshines so many of her peers as an economist -- and Romer keeps showing us all variety of incompetence.<br /><br />She gets all wrong something fairly obvious here.<br /Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-47569623385091911582011-02-28T16:58:49.114-06:002011-02-28T16:58:49.114-06:00I like the NGDP target, but wonder if the public w...I like the NGDP target, but wonder if the public will like it. The public hears the word "inflation" and goes bananas, as do certain economists.<br /><br />Maybe NGDP targeting should be done, but sold as "setting an ceiling on inflation."Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com