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hf-implode.com - 10/12/2009
Bullard vs. Krugman or the problem with output gaps
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"Paul Krugman likes to complain that “freshwater” economists rely on faulty mathematical models as the foundation of their theories. He’s right, they do. And yet his own models are just as faulty. Take his weekend post that argues the Fed should keep rates on hold for “at least two years.” ...
econlog.econlib.org - 10/5/2009
Paul Krugman asks a Question
— econlog.econlib.org — (October 5, 2009 04:42 PM, by Arnold Kling) He argues that the Recalculation story falls apart when... you ask why, say, a housing boom -- which requires shifting resources into housing -- doesn't produce the same kind of unemployment as a housing bust ... (more) Paul Krugman asks a Question

Comments vote down Cafe Hayek found this 10/5/2009found this
blogs.reuters.com - 10/8/2009
Krugman on the end of trade
— blogs.reuters.com — Paul Krugman gave a pleasingly wonkish talk at the World Business Forum today: the attendees with their... Speaker Workbooks will have found it difficult to fill out the Paul Krugman Summary Sheet on page 95, complete with blanks where they are meant to ... (more) Krugman on the end of trade

Comments vote down Economist's View found this 10/8/2009found this
blogs.wsj.com - 10/11/2009
Bullard Cautions on Medium
— blogs.wsj.com — Medium-term inflation risks may be higher than many believe, Federal Reserve Bank of St. Louis President James... Bullard said Sunday, warning that the U.S. economy’s output gap is being over emphasized.“I am concerned about a popular narrative in use ... (more) Bullard Cautions on Medium

Comments vote down EconLog: Library of Economics and Liberty found this 10/11/2009found this
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