marginalrevolution.com - 2/9/2009
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Matt Yglesias offers a clear, non-technical explanation . I would add a few points: 1. If wages are relatively flexible in the downwards direction, it is easier to avoid the downward spiral from falling aggregate demand. There is an odd tension (though not contradiction) between ...
econbrowser.com - 2/8/2009
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econbrowser.com —
Or, how come you used to say that
if consumers don't save more, it will wreck the...
economy, and now you say, if consumers do save more, it will wreck the economy? For the record, I am certainly among those who had been suggesting that America's low ...
(more)
The paradox of thrift
krugman.blogs.nytimes.com - 2/3/2009
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krugman.blogs.nytimes.com —
Yesterday's report on consumer incomes, spending, and saving
showed a sharp rise in the personal savings rate;...
it also showed a decline in nominal personal incomes, the third in a row, reflecting the weakening economy. I don't know who else has made ...
(more)
Paradox of thrift
yglesias.thinkprogress.org - 2/8/2009
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yglesias.thinkprogress.org —
Taking a suggestion from DTM , it’s probably
worth attempting a layman’s explanation of “the paradox of...
thrift” in the current situation. So here goes: I get a paycheck direct deposited into my bank account every two weeks, which is my salary less ...
(more)
Matthew Yglesias » Understanding the ...
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Sunday links: worst decade ever
Abnormal Returns —
... Greed)
“The central bank’s balance sheet is in fact contracting. Maybe. But is it policy tightening? Doubtful.” (macroblog)
“It is one thing to identify a higher national saving rate as the long-term goal, and quite another thing to try to get there overnight in the form of a sudden drop in consumption spending.” (Econbrowser also Marginal Revolution)
“What has Rick Bookstaber got ...
Is Saving Good?
The Baseline Scenario —
... Two of the leading economics blogs in the world (OK, the English-speaking world) published posts entitled “The Paradox of Thrift” yesterday, solving my problem for me. Tyler Cowen started off with a link to ...
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The paradox of thrift - for real
krugman.blogs.nytimes.com 7/7/2009 — The paradox of thrift is one of those Keynesian insights that largely dropped out of economic discourse as economists grew increasingly (and wrongly) confident that central bankers could always stabilize the economy. Now it's back as a concept. But is ...
Careful with the paradox of thrift
tvhe.co.nz 7/8/2009 — Paul Krugman has just mentioned that the “paradox of thrift” has shown up in the data . Now my opinion has moved over time , and I do think that the US is now experiencing a paradox of thrift – but his evidence appears to have nothing to do with this.
I believe that we are ...
Debating the paradox of thrift
tvhe.co.nz 3/3/2009 — I’m sick today - and since economics and sickness don’t really roll together I can’t say much.
However, it looks like Econlog has been busy with authors discussing the paradox of thrift .
Robert Murphy is against it, Bryan Caplan is against a policy solution, and Arnold ...
Hassett and the Paradox of Thrift
econospeak.blogspot.com 1/13/2009 — I nominate Kevin Hassett for the worse argument yet against the Obama fiscal stimulus: We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policy makers now believes that the ...
Paradox of Thrift or the Ineffectiveness of Tax Cuts?
econospeak.blogspot.com 6/28/2009 — Jack Healy reports that private consumption isn’t exactly soaring: Tax cuts from the stimulus package and increases in Social Security checks lifted personal incomes sharply in May, the government reported on Friday, but it appeared that many people ...
Jobs paradox?
krugman.blogs.nytimes.com 8/7/2009 — Some readers have asked how it's possible for unemployment to fall when the economy is still losing jobs, albeit at a slower rate. The answer is a bit annoying.
WaPo: Regulatory Failure at the Office of Thrift Supervision
calculatedrisk.blogspot.com 11/23/2008 — The WaPo has an article reviewing how the Office of Thrift Supervision (OTS) failed to properly regulate lenders: Banking Regulator Played Advocate Over Enforcer OTS is responsible for regulating thrifts, also known as savings and loans, which focus ...
Resolving the “arbitrage paradox” in foreign exchange markets
voxeu.org 10/25/2008 — Farooq Akram , Dagfinn Rime , Lucio Sarno , 25 October 2008 If markets are efficient, then there are no exploitable arbitrage opportunities. But if no one engages in arbitrage, then what eliminates such exploitable opportunities? This column puts ...
‘Green’ energy’s environmental paradox - Washington Post- msnbc.com
msnbc.msn.com 4/16/2009 — Categories U.S. news The Elkhart Project Crime & courts Life Environment Faith Giving Education Race & ethnicity Military Security Weird news World news Business Politics Sports Entertainment Health Tech & science Travel Local news Weather Browse ...
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