econospeak.blogspot.com - 1/1/2009
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On Christmas eve , Casey Mulligan claimed that the employment decline was due to an inward shift of the labor supply curve to which we noted that he had yet to give us his explanation for WHY the labor supply curve shifted inwards. Well – it has been a week and Casey Mulligan offers us this ...
economistsview.typepad.com - 12/28/2008
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economistsview.typepad.com —
I am going to go out on a
limb and assume this is the result of unintended...
inventory accumulation rather than, say, firms building up inventories in anticipation of an economic boom that is just around the corner. If so, then this is not a ...
(more)
Are Workers Unwilling to Work?
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links for 2009-01-01
Economist's View —
... 'Market' Isn't So Wise After All - WSJ.com - Thomas Frank
As Trade Slows, China Revamps Its Strategy - NYTimes.com
Galbraith Gives 'C' Grade to Paulson, Bernanke - Bloomberg Video
Denmark's resilient mortgage market - The Economist
Russia's economic downturn pushes Putinism into crisis - Project Syndicate
Relitigating 1998 at the end of 2008 - Brad Setser
Chicago Economist Claims Homeowners Choose to Default on Their Mortgages And Quit Their Jobs - ...
Reads of the Day for the start of 2009
Angry Bear —
... It used to be a standard rule that if you wanted to bury something in a newspaper, you published it on a Friday, or the day before a holiday. This seems to be what the NYT is doing with Casey Mulligan (previously discussed here here), who dropped the other shoe yesterday and was, amazingly, worse than expected. PGL at Econospeak does the read and calls out the deed: ...
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New York Times Death Spiral Watch (Casey Mulligan Edition)
delong.typepad.com 10/18/2008 — Why oh why can't we have a better press corps? The New York Times thinks it's good to use its space to let Casey Mulligan tell us that the Great Depression was a figment of our imagination. Memo to everyone: if you are ever tempted to make an ...
Why Does the New York Times Publish Casey Mulligan?
delong.typepad.com 8/25/2009 — Why oh why can't we have a better press corps?
If the New York Times is still around a generation from now, it will be because it spent the first generation of the twenty-first century building a reputation for informing its readers.
So I look ...
Is the investment trend in the current recession “run of the mill”?
macroblog.typepad.com 4/25/2009 — In the last macroblog post, David Altig examined personal consumption expenditures during recessionary periods. Reader Dave Backus, the Heinz Riehl Professor of International Economics and Finance at New York University's Stern School of Business, ...
Notes to Self: What Are We Doing?
delong.typepad.com 10/11/2008 — Nobody--save a few fringe academics like Casey Mulligan today and U.S. Depression-era Treasury Secretary Andrew Mellon and his epigones in 1930 (that's why it is called the Great Depression)--believes in the rule of the "free market" in a financial ...
Why They Heart Keynes
organizationsandmarkets.com 3/11/2009 — | Peter Klein |
Luigi Zingales rides the Straight Talk Express (via Casey Mulligan ):
Keynesianism has conquered the hearts and minds of politicians and ordinary people alike because it provides a theoretical justification for irresponsible ...
Oh Noes!!
delong.typepad.com 12/27/2008 — The New York Times crash-and-burn watch continues. To Ben Stein the Times has added...
CATHERINE RAMPELL : I’m pleased to introduce Casey B. Mulligan, an economist at the University of Chicago, as the newest addition to our “Daily Economist” ...
The Ideal Stimulus Package
economix.blogs.nytimes.com 12/12/2008 — We asked a group of economists how they would like to see a $500 billion stimulus package allotted. Here's how they responded.
Employment Decline – Casey Mulligan Blames Inward Shift of Labor Supply
econospeak.blogspot.com 12/27/2008 — Believe it or not this explanation made it in print: Because productivity has been rising — almost as much as the Douglas formula predicts — the decreased employment is explained more by reductions in the supply of labor (the willingness of people to ...