krugman.blogs.nytimes.com - 17 days ago
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When you're in a liquidity trap, focusing on nominal magnitudes doesn't clarify matters; it obscures them.
econbrowser.com - 13 days ago
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econbrowser.com —
Last April I described new research on the
role of oil prices in the recent recession. Here's
an update on what's happened since then. In a paper presented at the Brookings Institution last spring , I examined the post-sample forecasting ...
(more)
Will rising oil prices derail the recovery?
econbrowser.com - 23 days ago
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econbrowser.com —
Both have to be "handled with care". Revisions
We're all tempted to make predictions on the basis
of the last data point. And even more difficult to resist is the temptation to make definitive statements on the basis of data that are sure to ...
(more)
On Revisions and on Conditioning
globaleconomicanalysis.blogspot.com - 24 days ago
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globaleconomicanalysis.blogspot.com —
The stock market and commodities are giddy today
on the Third Quarter Advance GDP Estimate which increased
at an annualized rate of 3.5%. Real gross domestic product -- the output of goods and services produced by labor and property located in the ...
(more)
Market Cheers Over Ugly GDP Report
Comments
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links for 2009-11-06
Economist's View —
... Why not a WPA? - Paul Krugman
Nominally misguided (wonkish) - Paul Krugman
9.5% productivity growth. How ...
Paul Krugman and Scott Sumner -- who is Nominally Misguided or Speaking Nominal Nonsense?
The Austrian Economists —
... Paul Krugman provides his take on the Beckworth graph showing the collapse of nominal spending and relates it to his 1998 work on Japan. The upshot, monetary policy will not produce the desired effect in our current situation. ...
Fed Watch: Should the Fed Be Doing More?
Economist's View —
... has long argued that more aggressive monetary expansion was
needed, to which
Krugman replies that at zero rates, more money is ineffective at stimulating
output: ...
Related Content
U.S. Faces Second Lost Decade "Because" of Misguided Stimulus
globaleconomicanalysis.blogspot.com 10/23/2009 — Japan has gone through two lost decades, in and out of deflation, with nothing to show for it but increasing debt to GDP and a stock market still 70% below its peak. Now, Richard Koo of Nomura Research Institute Ltd. says U.S. Risks Japan-Like ‘Lost ...
The 4 percent solution
krugman.blogs.nytimes.com 9/29/2009 — If we get real health care reform AND we get a sane political scene the long-term fiscal outlook is serious but not scary.
India as #1
blogsandwikis.bentley.edu 5 days ago — Since I’ve been making a fool of myself with all these contrarian posts, I might as well get it all out of my system. When Tyler Cowen asked me for my most absurd belief, one idea that I came up with was that India will have the world’s ...
Is Germany Dependent on Exports to Grow?
fistfulofeuros.net 9/30/2009 — The analysis that follows should really be taken along with Edward’s recent thoughts on the Global Imbalances situation as well as his latest economic survey of the current state of play in the German economy .
Essentially, I am going to have a look at what is, arguably, one of the more ...
The "Paradox of Deleveraging"
econompicdata.blogspot.com 15 days ago — CNN Money with the details of Friday's continued decline in consumer credit outstanding: Consumer credit fell in September for the eighth straight month, the longest streak of declines since the Federal Reserve started keeping records in 1943. Total ...
My Bizarre Monetary Theory, Continued
econlog.econlib.org 9/25/2009 — (September 22, 2009 08:32 AM, by Arnold Kling) Before I respond to Bryan's comments, let me first recommend the two Scott Sumner papers that he mentions. This paper develops a theory that cultural values drive economic policy, which in turn drives ...
What Exactly Is Going On In Finland?
eurowatch.blogspot.com 26 days ago — Finland, we have recently been told, is the world's most prosperous nation, and this not only as far as monetary matters go, but also in terms of the quality of its democracy and governance. This striking assessment comes from the latest edition of what is known as the "Prosperity Index", an ...
Is Germany Dependent on Exports to Grow?
globaleconomydoesmatter.blogspot.com 9/30/2009 — By Claus Vistesen: Copenhagen The analysis that follows accompanies Manuel's political overview, over at GEM, of the recent events in Germany as well as Edward's economic survey of the current state of play in the German economy (forthcoming). Essentially we are going to have a look at, ...
The financial return on energy invested
europe.theoildrum.com 6/23/2009 —
Global GDP data from the USDA. Primary energy data and energy prices from the BP statistical reveiw of world energy 2009.
Global GDP has grown steadily and continuously since WWII, in step with a growing global population and primary energy ...
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