All along I have tried to emphasize the point that I am for fiscal stimulus so long as it is the correct type. Increases in government spending that are (or are perceived to be) permanent are not succ… more →
The Everyday EconomistJosh wrote 3 days ago: All along I have tried to emphasize the point that I am for fiscal stimulus so long as it is the cor … more →
Josh wrote 5 days ago: Blogging has been light. I have been debating monetary policy and the liquidity trap in the comments … more →
Josh wrote 1 week ago: Frequent reader might recall that I recently posed a simple thought experiment: Suppose that banks i … more →
Josh wrote 2 weeks ago: Suppose that banks increase their demand for bank reserves. Now suppose that the Federal Reserve inc … more →
Josh wrote 2 weeks ago: I recently agreed to have some of my posts reproduced over at Seeking Alpha. Yesterday’s post … more →
Josh wrote 2 weeks ago: There seems to be a lot of debate in the blogosphere about how to evaluate whether monetary policy i … more →
Josh wrote 1 month ago: The Southern Economic Association will be holding its meeting in San Antonio beginning on Saturday. … more →
Josh wrote 1 month ago: Allan Meltzer is one of the greatest monetary economists to have ever lived (although credit is also … more →
Josh wrote 2 months ago: Arnold Kling writes: What happened one year ago that caused the economy to tank over the winter? (a) … more →
Josh wrote 2 months ago: Arnold Kling has posted a lengthy reply to David Beckworth, Nick Rowe, and myself. I will first resp … more →
Josh wrote 2 months ago: Arnold Kling has been developing a macroeconomic theory that he refers to as “Recalculation … more →
Josh wrote 3 months ago: This month’s Cato Unbound looks especially promising. It is entitled, “Monetary Lessons … more →
Josh wrote 3 months ago: Penn Bullock has written a piece for Reason explaining that, despite being called such by the popula … more →
In Transit. wrote 3 months ago: This is a review of an article titled ” What went wrong with economics ?” from the Econo … more →
Josh wrote 4 months ago: “I have been reading [John] Taylor’s various arguments very closely since last fall. I a … more →
Josh wrote 4 months ago: It seems to have become the purpose of this blog for me to defend ideas that I don’t particula … more →
Josh wrote 5 months ago: I thought about titling this post, “Macroeconomics as fortune-telling”, but ultimately d … more →
Josh wrote 5 months ago: Our friend Nick Rowe pays homage to Milton Friedman in one of his latest posts on what monetary poli … more →
Josh wrote 5 months ago: There has been much talk recently about the potential inflation on the horizon given the unprecedent … more →