I had heard a rumor the Productivity Commission was going to make a blog – and what do you know here it is … Prod Blog (link fixed)! They are talking here about migration to Australia. Contrary to popular belief, those leaving for Australia aren’t necessarily our best and brightest. Rather, their education profile broadly […]
There has been a lot of ink spilled out there about whether it is production or consumption that matter. Without production we have nothing to consume! Without the urge to consume we wouldn’t produce anything! People will talk about “Says Law” (supply creates its own demand), or jump around talking about Keynes or Malthus (effective […]
Last week I was away from the internet and work – as I was trying to finish off my paper for the NZAE conference this year. So I missed this post by Cochrane (including a bunch of great comments) and a reply by Sumner. Yah. I’d note something that doesn’t come from these posts – […]
Hey RBNZ, love your work and all that. But I have to point out something about today’s speech. I love seeing you guys discuss what is going on with the public, describing the factors, and talking about risks – this is incredibly valuable! And given your views, I get why you are jawboning the dollar, […]
Recently, a good friend of mine (who is a sneaky economist) was complaining about the policies of political parties on twitter. In general, we were just doing our usual thing of being sad about Arrow’s Impossibility Theorem. But it also reminded me of a little view economists hold, that many non-economists may not nowadays, the […]
Here are some posts I like, that I want to be in a blog post so I can find them later 🙂 Mainly macro on helicopter money at the ZLB. Noahpinion on DSGE models. Brennan McDonald adding some points on judging policy. Update: On DSGE models, this result from the NY Fed is surprisingly positive […]