Economist's View

Gauti Eggertson and Neil Mehotra have an interesting new paper: A Model of Secular Stagnation, by Gauti Eggertsson and Neil Mehrotra: 1 Introduction During the closing phase of the Great Depression in 1938, the President of the American Economic Association, Alvin Hansen, delivered a disturbing message in his Presidential Address to the Association (see Hansen ( 1939 )). He suggested that the Great Depression might just be the start of a new era of ongoing unemployment and economic stagnation without any natural force towards full employment. Recently Hansen’s secular stagnation hypothesis has gained increased attention. Despite the prominence of Summers’ discussion of the secular stagnation hypothesis and a flurry of commentary that followed it (see e.g. In the abstract, they note the policy prescriptions for secular stagnation: Posted by Mark Thoma on Tuesday, April 8, 2014 at 10:08 AM in Academic Papers, Economics, Macroeconomics | Permalink Comments (4) New column: Rajiv Sethi: Tim Duy:

Warrant Marrant Optimum, le seul blog véritablement optimal The Art of Contrarian Trading The Banking Emperor Has No Clothes Simon Johnson, the former chief economist at the International Monetary Fund, is the co-author of “13 Bankers.” Tami Chappell/ReutersTreasury Secretary Timothy F. Geithner. in a speech in Atlanta this week, said, “The U.S. banking system today is less concentrated than that of any other major country.” In a major speech earlier this week to the American Bankers Association’s international monetary conference, Treasury Secretary Timothy F. Unfortunately, Mr. On history, Mr. More broadly, Mr. On logic, Mr. But big banks in almost all other major countries have run into serious trouble, including those in Britain and Switzerland — where policy makers are now open about the potential scope of further disasters. Lawrence H. Mr. Mr. “But given the other protections here, including our resolution authority, we do not need to impose on top of that requirement any of the three other proposed forms of additional capital,” he said in the speech. The right conclusion for Mr.

Blogizmo Blog stockbee Dissecting the social The past dozen years or so have witnessed the emergence of a distinctive approach to the social sciences that its practitioners refer to as "analytical sociology." Peter Hedström's Dissecting the Social: On the Principles of Analytical Sociology (2005) serves as a manifesto for the approach, and Pierre Demeulenaere, ed., Analytical Sociology and Social Mechanisms , and Peter Hedström and Peter Bearman, eds., The Oxford Handbook of Analytical Sociology provide substantive foundations for several areas of research within this approach. Hedström describes the analytical sociology approach in these terms: Although the term analytical sociology is not commonly used, the type of sociology designated by the term has an important history that can be traced back to the works of late nineteenth- and early twentieth-century sociologists such as Max Weber and Alexis de Tocqueville, and to prominent mid-twentieth-century sociologists such as the early Talcott Parsons and Robert K. .) ).

Electrosphère Rationalité Limitée Zman’s Energy Brain ~ oil, gas, stocks, etc… Avant garde economics - macrobusiness.com.au | macrobusiness.com.au#comment-36512 My esteemed co-blogger Deep T made the comment that too little attention is being paid on MacroBusiness to creative solutions to the problems that are documented in great detail on MacroBusiness. I would go a step further. Economic analysis generally suffers from a deep flaw. Because it is a quasi-science (although in no respect truly scientific) is does not concentrate on what is new and unique. Consequently it is a very poor tool for prediction. This is, if not nonsense, at best only a part of the story. To show what I mean, consider two reports, one about the Australian stock market and one about the US market. The first is by Morningstar, and it shows how new the Australian resources boom has been for investors: Since the start of the current GICS sectors in March 2000, the price index of the Materials sector (XMJ) has risen 321% compared to the S&P/ ASX200 index (XJO) advancing 46%. This is new in the Australian context. 1. 2. 3. 4.

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