MacroMania

I would like to follow up on my earlier post: NGDP Targeting in an OLG Model . The purpose of that post was to evaluate the desirability of...

It is a fascinating picture (h/t Frances Wooley at WCI ): Frances asks "what were they thinking?" It seems clear enough that...

I'm still trying to work through this NGDP targeting idea. A lot of people graciously replied to my earlier query here , including Dav...

A colleague of mine recently pointed me to this fantastic  lecture by Richard Feynman (1918-1988) explaining his take on the scientific ...

The nominal yields on "high-grade" government debt instruments continue to plunge; see here . Real interest rates on U.S. gover...

I have to admit that I never ascribed much importance to the idea of "tax policy shocks" as an important driver of the U.S. pos...

If potential GDP is what the CBO says it is, then the U.S. economy seems to be stuck in a rut. Proponents of NGDP targeting generally belie...