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CIPER Chile » Centro de Investigación e Información Periodística

CIPER Chile » Centro de Investigación e Información Periodística
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Tabula: Extract Tables from PDFs Two Weeks Notice: A Latin American Politics Blog How Krugman lost equilibrium This article is the third piece in a four-part series. Read part one here and part two here. Krugman’s explanation of our crisis today is straight from the pages of John Hicks’s 1937 explanation of the Great Depression (though curiously, Hicks himself didn’t mention the actual state of the global economy at all in his 1937 paper, which attempted to explain the relationship between interest rates, and real output in goods and services and money markets. Firstly, the LM curve, (representing Liquidity Preference – Money Supply) is horizontal at the “zero lower bound”, since when nominal rate of interest reaches zero, there’s no point in buying bonds – it’s wiser to keep your money in cash. Figure 1: Krugman's key graph in IS-LMentary (Krugman 2009) “IS-LM makes some predictions about what happens in the liquidity trap. “Yes, IS-LM simplifies things a lot, and can’t be taken as the final word. Sounds plausible? Krugman’s IS-LM Errors Now let’s feed that disequilibrium back into Figure 7.

OpenRefine Business Insider Shiller and the Upward Slope of Real House Prices by Bill McBride on 4/14/2013 03:06:00 PM Professor Robert Shiller wrote in the NY Times: Why Home Prices Change (or Don’t) Home prices look remarkably stable when corrected for inflation. Over the 100 years ending in 1990 — before the recent housing boom — real home prices rose only 0.2 percent a year, on average. The smallness of that increase seems best explained by rising productivity in construction, which offset increasing costs of land and labor. Shiller's comment on the stability of real house prices is based on the long run price index he constructed for the second edition of his book "Irrational Exuberance". As I've noted before, if Shiller had used some different indexes for earlier periods, his graph would have indicated an upward slope for real house prices. It is important to realize that Professor Shiller used the quarterly Case-Shiller National index starting in 1987. The indexes I used captured a larger percentage of the market than the indexes Shiller used.

Kimono : Turn websites into structured APIs from your browser in seconds Economics and Politics by Paul Krugman - The Conscience of a Liberal El Blog de Paul Krugman La libertad de expresión, la libertad de credo y el no estar sometidos a las necesidades y al miedo dan igual. Lo que los multimillonarios estadounidenses están pidiendo, como un derecho de nacimiento (y lo digo casi literalmente), es algo mucho más importante: el no estar sometidos a la crítica. Algunos hombres heroicos y oprimidos como Tom Perkins y ahora Charles Koch, defendiéndose desesperadamente en The Wall Street Journal, han estado diciendo las cosas como son: todo aquel que diga algo negativo de ellos es como los nazis, o quizás Stalin. Vale, para ser justos, Koch no dijo explícitamente que sus detractores sean como Hitler o Stalin. Esto es lo que escribió en una reciente columna de opinión en The Wall Street Journal: “En vez de fomentar el debate libre y abierto, los colectivistas se esfuerzan por desacreditar e intimidar a sus adversarios.