MacroMania

  A thoughtful piece by Professor Lorenzo Bini Smaghi via Vox : Austerity and Stupidity .

Some time ago I wrote about the prospect of the U.S. economy going through a Canadian-style slump (see here ). To summarize: The recession ...

Is the level of employment in the U.S. currently too low? To many people, the answer to this question seems obvious: of course it's too...

In my previous post , I reported on the remarkably different trajectories that consumption and investment have taken in Japan since the Asi...

There is a very interesting monetary policy experiment happening in Japan these days. The outcome of the project will surely be discussed i...

I've been trying to wrap my mind around the new 4-letter-word in finance: rehypothecation . I found out that it seems to be related t...

Bill Woolsey  points me to a nice paper by Evan Koenig that provides a theoretical foundation for NGDP targeting: Like a Good Neighbor ....