MacroMania

Many economists claim that wage rigidity plays an important role in the (mis)allocation of resources in the labor market. Both "Keyn...

Laurence Kotlikoff I haven't had much time to blog lately, but I thought I'd link up to this piece by Laurence Kotlikoff , whic...

Well done, Don Paul! I can't help it. I just have to say something about  Paul Krugman's latest complaint (in a series of seemi...

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 ...