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marginalrevolution.com - 11/17/2008
Can one be a liquidity trap denialist?
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Paul Krugman thinks not : No matter how much Japan increases the monetary base now, expectations of future money supplies won’t move if people believe that the Bank of Japan will move to stabilize the price level as soon as the economy recovers. And once you realize that central banks may ...
krugman.blogs.nytimes.com - 11/15/2008
Macro policy in a liquidity trap (wonkish)
— krugman.blogs.nytimes.com — That's the title of a new report from Jan Hatzius et al at Goldman Sachs (not available... online). The Goldman guys, like me, come up with scary figures about the size of the gap in demand that needs to be filled - figures that suggest the need for a ... (more) Macro policy in a liquidity trap (wonkish)

Comments vote down Lawrance G. Lux found this 11/15/2008found this
Thinking about the liquidity trap
web.mit.edu - 11/14/2008
Thinking about the liquidity trap
— web.mit.edu — THINKING ABOUT THE LIQUIDITY TRAP Paul Krugman December 1999 We live in the Age of the Central... Banker - an era in which Greenspan, Duisenberg, and Hayami are household words, in which monetary policy is generally believed to be so effective that it ... (more) Thinking about the liquidity trap

Comments vote down Aplia Econ Blog: News for Economics Students found this 11/14/2008found this
marginalrevolution.com - 11/21/2008
Fighting the liquidity trap
— marginalrevolution.com — If you don't like public spending you could do it this way: Give every voter a federal... debit card. And put the money in their accounts. Tell them if they don't spend it this month, the government will take it back. Some people will try to cheat ... (more) Fighting the liquidity trap
Comments vote down EclectEcon found this 11/21/2008found this

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Lawrance G. Lux:  Copycat Killers

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Copycat Killers
Lawrance G. Lux — It took Me forever to read this Post from Tyler Cowen this morning, because my Mind kept cycling out into Space. I could say that it is too early for either Patinkin or Burstein; maybe I could make some argument about ‘weakly dominant game-theoretic strategies.’(in case Anyone is interested, Weki-up). The Bored and Resentful (like myself) must survive with the knowledge that the Math works out, but that definition of herd behavior is not the totality of economic description. One has to separate between primary impulse and 2nd Generation ...

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