Archive

My first TV chat show performance:

In the case of utility, it’s all in the name.

Okay, so here is the statement, but what does it mean? Felix Salmon offers an unnamed advisor’s flowchart. Let’s see if Money View thinking can do better.

Last week Goldman Sachs published a note in favor of the Fed’s adopting a formal nominal GDP target, while Fed-watchers caught a whiff of a possible change in policy in the works.

Till is right. It’s not the historian’s task to question the legitimacy of the decisions of the Nobel Committee.

It’s Nobel Prize time again. And what a beautiful prize this year it is!

Plumbing Matters

The optimism embedded in the efficient market hypothesis has been one of the main sources of the recent turmoil

Focus on quantities

First ECB, then EFSF

The financial crisis of 2007-2009 should have been sufficient empirical evidence to indicate that the axiomatic basis of the mainstream theory needs to be replaced.

The future of macro, he says, may well make “the formation and revision of expectations an object of analysis in its own right.”

The reputation of economics and economists, never high, has been a victim of the crash of 2008.

This one is different. Tiago, Benjamin and Floris have asked a dozen economists in the Bretton Woods hotel hall to reflect on the way their teaching has been affected by the current economic crisis and their answers, taken collectively, are quite puzzling.

Forget the G7, Watch the C5